Bioelectronics Corp (BIEL)

[GetSeriousOK]

Seriously, they are not "spending a lot on R&D. " They are not spending a lot on ANYTHING. This is a bare-bones mom-and-pop-and daughter operation. They have cut expenses to a ridiculously low amount -- luckily they still live in an incubator where they get cheap rent. They have no money to spend on anything. They can TALK about R&D but they can't actually DO it.

They are desperately trying to show a profitable quarter. Look at the massive pile of convertible debt owned by the Whelans -- they can't cash out until they do a reverse split, and if they did a reverse split before showing the illusion of profitability, the existing shareholders would destroy the PPS by dumping -- which they already do on every piece of news.

It's going to be a SYNERGY pump now for the next 18 months. And by the time shareholders realize that SYNERGY is going to buy about 30,000 units instead of 975,000 units, there will be another pump to replace the SYNERGY pump. When the SYNERGY PR comes out (when is that again, Q4?) watch for wording that doesn't specifically say how many units SYNERGY is contractually obligated to buy -- because the answer is zero. They will place an initial stocking order and they will try to sell them, but they are not legally obligated to buy more. Just like the "Agreements" with the OEM Partners and every Agreement they have with every Distributor.

Notice how nobody wants to talk about the OEM Partners anymore. That was the $$$ millions pump 18 months ago. Now it's just averted eyes and sheepish looks when the topic of OEM Partners comes up.