Bioelectronics Corp (BIEL)

[Brabo]

Thank you for your argumented answer, argumented answers which unfortunately are otherwise frequently lacking on ihub.

We've been bombarded with PR's boasting distribution deals all over the world, but apparently none (bar one apparently ) have come to fruition.
Is this normal or acceptable ? You did formulate a number of reasons why sales in key markets have not materialized (yet).
While I could understand some setbacks in some markets (the notorious JN being the obvious setback in Japan) it is not common business practice to fail in all of the markets all of the time, be it because of lack of focus, lack of product development, lack of judgement or any other reason you mentioned.

Having been distributor for A-brand products, I'm appaled at the lack of professionalism, efficiency, knowledge of this management.
This contrast strongly with the belief I have in the product,the promise of which is shown again and again by the various clinical studies regarding diabets ulcers, surgery etc...

So yes, I'm frustrated seeing a promising product being killed by management (e.g. personnel costs being in the region of 500.000 each quarter and what can they show for it ? I'll tell you what they can show for it: as an example, after two years of selling online, they pr'd in a big way the development of a google adword campaign. Now duhh, my nephew of 11 years would have done so within two weeks)

As to DD, last numbers (3 months up to june 30th, see clause 16) show 89% being turned over by Two (2!) distributors. One being eMarkets (which is family apparently for a total of between 60-65%). So what I really would like to know is the identity of the other distributor (ONE SINGLE COUNTRY ???) who manages to sell 25% of turnover. Maybe we could watch and learn from this distributor which from my point of view is the only professional in this whole story.
Looking forward to hear your argumented reply, and thanking you in advance for your constructive discussion. Opposing opinions might carry the truth forward.