(1) a press release in December 2020 with gushing praise and forward-looking statements...
(2) ACTUAL sales results in 2021....
Those stories are night-and-day different. I'll go with the ACTUAL sales results in 2021. Which suck.
In that press release, they say "KT Health will leverage BioElectronics’ FDA 510(k) clearance to market, promote...." So where is all this marketing and promotion?
The 12/31/2021 financial statement shows that BIEL has spent all their cash and borrowed money from loan sharks, and revenues were shockingly low.... their latest O/S shows that they have diluted about as far as they can dilute.... Is the OEM Partner model really "an amazing win for our Company," Keith?
When will KT Tape restock? Are they going to buy another $900k worth of product when they couldn't sell the initial stock in 15 months?