Bioelectronics Corp (BIEL)

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All one has to do is reread the 8/10 COB Letter

"1. 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. They will differentiate their offerings by utilizing different retail channels, branding strategies, and attachment systems (to affix the device on to various locations on the body). Their retail launch dates vary but are currently scheduled between Q4 of 2020 and Q2 of 2021, reflecting industry practice for retailers to plan launch times six to nine months into the future."


Scott signed the original deal but realized, after the Full Body Clearance of 1/31/2020, that they needed Marketing help to get the most out of the new Clearance. Scott made a proposal to bring DonJoy in on the Deal and BIEL said yes.

The first sentence of item #1 is very clear, "received initial stocking orders and cash deposits from, three major companies".

Scott is making the Knee and Back supports for DonJoy to Market. There would be no separate orders and deposits from both Scott and DonJoy.

There is a third US OEM Partner still to be announced.