Bioelectronics Corp (BIEL)

[GetSeriousOK]

Adcock and Synergy are similar in that BIEL introduced them by saying they signed a CONTRACT, they were in the process of registering the product, and first sales to them *should* occur on a certain date. They are both clearly Distributors. The contract for each is clearly a Distribution Agreement.

Adcock and Synergy are different in that:

* BIEL didn't promise that Adcock would buy a large number of units in a defined time period. In contrast, BIEL promised that Synergy would buy 975,000 units in the subsequent 18 months. In that conference call, Kelly specifically said "in the NEXT 18 months."

* BIEL didn't imply that Adcock placed an order. In the 2020 Chairman Letter, the two Firms that actually placed orders were not identified. In contrast, BIEL did imply that Synergy placed an order.

* Nobody had trouble finding or identifying Adcock -- where to find their headquarters, where to find their website, or how to contact them. Adcock actually existed. In contrast, Synergy is a ghost.

* BIEL publicly acknowledged the Adcock Distribution Deal in that Chairman Letter, while they have never publicly acknowledged Synergy.
https://www.bielcorp.com/investors/letter-from-the-president/

And lest anyone still wants to argue that Synergy is not merely a Distributor, let's revisit the first paragraph. Adcock and Synergy obviously have the same contractual relationship to BIEL. Adcock is a Distributor.

https://www.bielcorp.com/distributors/

And yes, the Pandemic is a valid excuse for delaying Adcock's launch, but it is NOT a valid excuse for delaying the Synergy launch. Adcock was introduced at the BEGINNING of the Pandemic. Synergy, on the other hand, was introduced at the END of the Pandemic.