Bioelectronics Corp (BIEL)

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Today was a Big Difference from a typical Investor Update

Investor Updates were all about 'We are working on a deal with a Global Wrap/Brace Player, things are looking good, could be $2 million per year'. Only problem is things can be 'looking good' and the unexpected in the form of a Global Pandemic happens.

Today was, "We now have signed long term contracts with, and received initial stocking orders and cash deposits from, three major companies. These initial orders total more than 120,000 ActiPatch devices. These three companies will be selling our devices into the United States over-the-counter (OTC) consumer health retail market."

Notice the difference???

Or this one, " We also have a signed agreement with a commercial firm that is in the process of recruiting and training up to 400 independent sales representatives who will actively sell our RecoveryRx postoperative pain product line into doctors’ offices, wound clinics, nursing facilities, and hospitals. As with the three OTC retail-oriented companies mentioned above, we will act as the original equipment manufacturer (OEM) for this sales force, providing them with devices upon receiving purchase orders."

Or this one, "In terms of international sales, we recently signed a licensing agreement with a major international company".

No more 'could be' or 'things are looking good', these are completed deals and 3 of them are specifically called out as "Long Term". This is exactly what banks want to see when they look at lending money based on Purchase Orders.