Bioelectronics Corp (BIEL)

[srinsocal]

LOL, Glad to see that this was labeled, "I don't believe", "IMO"

<<<<<<< They haven't spent much and they don't intend to spend much >>>>>>>>>

KT Tape purchases from BIEL, that have been documented with Customs BOLs, shipped to KT's Utah warehouse:

12/21/2020 - 3,770 cartons, 18 pallets, 9,554 lbs , BOL#ZIMUHKG83124564

4/25/2021 - 4,332 cartons, 20 pallets, 11,384 lbs, BOL#00LU2661696645

6/28/2021 - 2,848 cartons, 14 pallets, 7,790 lbs, BOL#00LU2665591762

This is somewhere between $500k - $800k and worth of product depending on exactly what KT pays for each Wave and how many units there are per case.

Q4 2020 and Q2 2021, which is when these 3 shipments occurred, had a combined revenue of $931k.

In addition to product cost KT, like any company, has many other associated costs with its products; warehousing, shipping, advertising, expansion to ROW, ect..

So, to say that KT has "not spent much" is nonsense. KT has a large investment in the Wave.

The Fact that KT has expanded the Wave outside of their initial North American OEM contract; UK, Spain, Australia, Estonia, Latvia, Lithuania, is a strong indicator of KT's confidence in the Wave.