Bioelectronics Corp (BIEL)

[GetSeriousOK]

I think I see the source of your confusion.

https://en.52wmb.com/buyer/35419004

On their bar chart, the default is "Number of Transactions." click "Quantity." The line with the dots represents Quantity. They had two months of shipments in 2022.

* in November 2022, the Quantity was 2,179.
* In June 2022, the Quantity was 4,900.

The June qty of 4,900 was one order, from Virchow Health Care Pvt Ltd, on 2022/06/22

The November qty of 2,179 was from multiple Boehringer orders on two different dates: 2022/11/16 and 2022/11/26

The chart below the graph verifies this total 2022 qty of 7079:

Year Transactions Quantity Weight
2021.. 38............... 41889...... 0
2022.. 14................. 7079...... 0

I'm probably wrong about the Amounts being rupees. I just sent an email to 52wmb to find out. Let's go with the Best Case Scenario and assume they're USD (or Euros), which means Synergy ordered $51,153 worth of product from Boehringer in 2022 and $22,640 from Virchow.

That's $74,000 total in all of 2022.

I think my point is still valid: Synergy might have been "affiliated" with Boehringer, Abbott, Mylan, and Sun Pharma, and yes those are billion-dollar companies, but Synergy is not a billion-dollar company. Synergy is a small distributor. Furthermore, Synergy didn't buy anything from any of these industry giants in the past year except Boehringer, and that YTD total was, at best, $52,000. Paying $10 million to BIEL over 18 months would be uncharacteristic of Synergy, and that is being generous.

For those who are wondering WHY do this DD..... this stems from the following assertion:

Great News, as a private company Synergy has been difficult to get much information on. Recruiting documents have been located showing Synergy is affiliated with major drug companies:

Abbott Laboratories - $42 billion revenue, operations in 160 countries
Mylan (now Viatris) - $4 billion+ in quarterly revenue, operations in 165 countries
Virchow Group - $600 million revenue, distribution in 13 countries
Boehringer-Ingelheim - $17 billion revenue, 52,000 employees in 130 markets
Schiller Group - Global cardiopulmonary diagnostic company

Synergy Corporation is real despite what some trolls would like us to think.

Good news, everyone!
---- Professor Farnsworth