Replies to post #291310 on Bioelectronics Corp (BIEL)

[JustGoDeep]

Rehashed Bullshit. It Was A Simple Accounting Error.

They Registered The Shares But Were Just a Bit Late.

MUCH ADO ABOUT NOTHING!!

[Threepointer]

Then again, the fda shouldn’t have continued to reject their application for musculoskeletal because they had already cleared actiband, which sits next to the brain, But that was deemed safe. Cost the company millions in studies and continually having to resubmit for clearance. Millions they didn’t have, resulting in dilution and the shitty share structure. And the miracle piece, NEVER a reverse split which would have wiped EVERYONE out. But let’s focus on all the other crap. A company started on a brilliant idea to get a medical device fda cleared. It all happened at a huge cost. The Whelans should have just kept shoveling money into the company and getting NOTHING in return? Not in the real world.

[Probity]

Steve, I didn’t care to comment on whether the company was culpable or not as that was not the issue for my reply. Because the admin law judges were appointed illegally, technically nothing can be determined one way or the other, imo. The only thing that is a known is that a reduced fine was levied. Done with and over with for me.

The SEC had their day, and had no choice but to reduce the fine because of their major screwup. Had the SEC demanded a new hearing based on “new” legally appointed administrative law judges, it would have set a precedent in having to do the hundreds of others. Impractical and loss of face.

How many corporations make illegal billions and then pay mere millions in fines to the Government, repeatedly? Lots. A money mill in fines for the government, and life goes on, And the shareholder is not made whole from what ever I see.

For me it’s water under the bridge in BIEL’s case. Pay the fine and keep your nose clean here on out. There is no going back on this issue; it’s done. No sense in beating a dead horse. SEC decided and it’s done with. Finished.

Any company has the option to screwup, or not. Investors should act accordingly based on their risk aversion with what they see.

All imo.

Gltu