Replies to post #151184 on Bioelectronics Corp (BIEL)

[G-star]

What does this mean in Layman's terms?Thanks.

[Probity]

Good find and good news in terms of taking away some uncertainty for investors in that a settlement has been reached. But not all uncertainty until we know the exact terms of the settlement. No assumptions can be made.

IMO, given the fact that the administrative law judges were deemed unconstitutional, and that the complaint was ridiculous, we should be returned any monies including legal costs.

New Oxford American Dictionary
1. stay: stop, delay, or prevent (something), in particular suspend or postpone (judicial proceedings) or refrain from pressing (charges).

2. Law: a suspension or postponement of judicial proceedings: a stay of prosecution.

[rodman]

Great d/d Dewm so meaning......agreement in principle to a settlement on all major terms.? Still regardless there must have been some penalty asserted on the Whelan's?

[yankee55]

Outstanding research DB as this news is going to be a MAJOR CATALYST for a grand Biel liftoff! Many investors fled when the SEC issues arose a few years back not knowing what the material impact would be for Biel. The SEC issue is now history and it sure appears a very mild slap of the hand is the final outocome. The SEC has their own headaches right now with the Supreme Court decision and will gladly close previous cases with innocuous fines at best to put the matter behind them. I know AW never would never accept a SEC settlement unless the terms were exceptionally favorable for him and the company moving forward. Bayer is going to be extremely pleased knowing that no SEC concern is going to impact any partnership deals. I remember Biel stock fell hard and fast when the SEC process began many months ago......now it is time for the stock to rise fast and high with this great news! Thanks again DB!

[Miamifl]

Dewm, very good post!

[Vapor09]

Well done, very good news!

[srinsocal]

Thanks for the SEC news DB

BIEL will join dozens of well known corporations who settled SEC charges so they could get on with operating their business.

Orthofix International – The Texas-based medical device company agreed to pay more than $6 million to settle charges that its subsidiary in Brazil used high discounts and improper payments to induce doctors under government employment to use Orthofix products. (1/18/17)

GlaxoSmithKline – The UK-based pharmaceutical company agreed to pay a $20 million penalty to settle charges that it violated the FCPA when its China-based subsidiaries engaged in pay-to-prescribe schemes to increase sales. (9/30/16)

Biomet - The Warsaw, Ind.-based medical device manufacturer agreed to pay more than $30 million to resolve SEC and Justice Department investigations into the company's anti-bribery violations in Brazil and Mexico. (1/12/17)

AstraZeneca - The U.K.-based biopharmaceutical company agreed to pay more than $5 million to settle FCPA violations resulting from improper payments made by subsidiaries in China and Russia to foreign officials. (8/30/16)

Teva Pharmaceutical - The global generic drug manufacturer agreed to pay $519 million to settle parallel civil and criminal charges that it paid bribes to foreign government officials in Russia, Ukraine, and Mexico. (12/22/16)

United Technologies – The Connecticut-based company agreed to pay nearly $14 million to settle charges that it made illicit payments to facilitate sales of elevators and aircraft engines. (9/12/18)

Credit Suisse Group AG – Agreed to pay more than $30 million to the SEC and a $47 million criminal penalty to resolve charges that the firm obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of the FCPA. (7/5/18)

Panasonic Corp. – The Japan-based company agreed to pay more than $143 million to resolve FCPA charges involving a lucrative consulting position it offered to a government official at a state-owned airline to induce the official to help its U.S. subsidiary in obtaining and retaining business from the airline. (4/30/18)

The Dun & Bradstreet Corp. – The company agreed to pay more than $9 million in disgorgement, interest and a civil penalty to resolve FCPA violations stemming from improper payments made by two Chinese subsidiaries. (4/23/18)

Halliburton – The company agreed to pay $29.2 million and a former vice president agreed to pay a $75,000 penalty to settle charges related to payments made to a local company in Angola in the course of winning lucrative oilfield services contracts. (7/27/17)

Cadbury Limited/Mondelez International - The global snacking business agreed to pay a $13 million penalty for FCPA violations occurring after Mondelez (then Kraft Foods Inc.) acquired Cadbury and its subsidiaries, including one in India that proceeded to make illicit payments to obtain government licenses and approvals for a chocolate factory in Baddi. (1/6/17)

JPMorgan - The firm agreed to pay $264 million to the SEC, Justice Department, and Federal Reserve to settle charges that it corruptly influenced government officials and won business in the Asia-Pacific region by giving jobs and internships to their relatives and friends. (11/17/16)

[beacham]

Excellent! Fantastic news. Clenched fist pump with attitude. Strapped in for the ride?

Is this the first domino to fall that will precipitate the tsunami that will trigger the avalanche that will start the landslide of pr's of deals that will propel the share price into the unknown space that will make those naysayers regret their pessimism of days gone by and that will make all of us optimists rejoice in a chorus of 'TOLD YA!' ???

Andy, you crafty old dog ... the future is bright ... where are my shades ...

all the best (is coming), take care - beacham

[Chyna9]

What is the settlement agreement going to be?

How will they pay for it? They had 33k at end of last quarter from what I can find. Which is an improvement from prior quarters. But the settlement agreement is likely to cost a lot of $$$?? Way, way, way more than 33k??

Sales are down multiple quarters in a row now. Gross profit have been declining as well.

At least they are pink current.

https://www.otcmarkets.com/stock/BIEL/financials