Bioelectronics Corp (BIEL)

[misanthrope]

975,000 Synergy Order.

$100,000,000 plus order.

Ah, no... How could BIEL get $100 per unit when the retail sales price the OEM's are getting isn't close to $100? The revenue to BIEL would be 975,000 times the until cost being charged to the OEM. Not sure what that is, but it can't be $100 per unit.

Keith stated when the slide for that OEM relationship was up that the 975,000 was based on estimates of required product for those nations based on number of hospitals, doctors, etc., etc. BIEL has filed the paperwork for 7 countries, with more to follow. Those 7 were filed in July, and he was expecting responses within 2-3 weeks.

He also stated it can take a year for an OEM to gear up and place product post agreement signature.

He did a solid job - but I don't think making up incorrect sales estimates based on a non-obtainable price point for BIEL per unit is too helpful. A lot of that revenue he talked about is more likely coming in 2023 (or late 2022).

Kelly texted during the call the companies that help obtain insurance coverage have fees of $30-$50 thousand, and no guarantee of success. Sounds like they need cash to partner with those companies.

Was a good call - but it will take some time to make it all come to fruition. At any rate, those 975,000 units don't equate to $100 million.