Bioelectronics Corp (BIEL)

[Boricka]

Whealan excitedly shared that they have a meeting with Walmart. If CVS was still on the table, you can bet your house he would have included that information. It is obvious they have no good news to report. It is the same BS release he has been recirculating for 10 years. "we have distributors, great product, bright future, partner with a large global company, I'm a Marine, we are awaiting FDA clearance.....".

It would be more accurate to state:
-we have had FDA clearance on the foot and back for two years, in this period, sales have declined 80%
-we do not have a current CE mark, therefore cannot ship to Mundipharma, B Braun, et al
-we have pulled out, or kicked out of Boots
-we pulled out, or got kicked out of CVS
-we failed to reach deals with Bayer, KT Tape, Dr. Scholls........
-we have no money, we can't ship product, we can't pay our bills but the future is bright we have a meeting with Walmart. I'm a Marine.