Well let's take a closer look shall we... "Ten years ago, when that request for proposals went out from DARPA, Bioelectronics Corp. had been around for over a decade." Bioelectronics Corp. was incorporated in 2000. So absolutely true. https://www.otcmarkets.com/stock/BIEL/profile
"They haven't developed a new product in decades" There current product was cleared using the Actiband as a predicate device to which the current product was deemed "substantially Equivalent". In other words the Actipatch is essentially the same device as the Actiband. Ok, I'm stretching a little here, but not much. The FDA considers the products to be equivalent. https://www.accessdata.fda.gov/cdrh_docs/pdf15/K152432.pdf
I believe that the rest was opinion, so neither true nor false. On balance I judge that the accused post was a mostly accurate representation of the truth.
On the other side... "What A TOTAL Misrepresentation Of The Truth." This statement has been shown to be a complete falsehood.