Replies to post #157482 on Bioelectronics Corp (BIEL)

[DewmBoom]

It is one of two things:

1. The submitted the settlement yesterday and now it is under review by the judge. Ultimately, the SEC Commission will approve it. Not sure how long it takes. But this has lingered long enough, it should not take long to approve a settlement where both parties Biel and SEC Division already singed and agreed to.

2. If the stay lapses yesterday and the SEC division did not submit a settlement on time as required by low, below is what the judge stated. Essentially he is saying this in plain English either give me legal basis for your request for your extension and on what basis I should grant that extension or submit a joint proposal or separate proposal of how the case should proceed by November 26, 2018.

As of right now, we don't really what really happens unless the SEC publish something to the public about the case status.

If the parties renew their motion, they must explain the authority to
grant their request. Alternatively, if the stay lapses, I ORDER the parties to
submit a joint proposal addressing the conduct of further proceedings by
November 26, 2018. The parties’ proposal should reflect any agreement
regarding service of the order instituting proceedings and address the
2
numbered items referenced in 17 C.F.R. § 201.221(c). If the parties are
unable to agree, they may submit separate proposals.

https://www.sec.gov/alj/aljorders/2018/ap-6236.pdf