Replies to post #240012 on Bioelectronics Corp (BIEL)

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WRONG!!! Read the SEC document dated December 21, 2018 and entitled: CORRECTED ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER and found at this link.

Section III SUMMARY

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2. Specifically, in dozens of unregistered transactions between 2009 and 2014, BioElectronics issued millions of dollars’ worth of convertible notes to IBEX in exchange for loans, some of which notes IBEX converted into BioElectronics stock and sold to third parties, or, alternatively, sold to third parties without conversion. BioElectronics likewise issued millions of dollars’ worth of convertible notes to St. John’s in exchange for services, some of which notes St. John’s converted into over 91 million shares of BIEL stock and sold to the market in 2013 and 2014. Also, for its 2009 fiscal year, BioElectronics improperly recognized $366,000 in revenue on two “bill and hold” transactions