Bioelectronics Corp (BIEL)

[Brabo]

I've bothered/annoyed with following:

From the financial statements:
BioElectronics signed a distribution agreement on
February 9, 2009 with eMarkets Group, LLC (eMarkets) a company owned and controlled by a member of the
board of directors and sister of the company's president. The agreement provides for eMarkets to be the exclusive
distributor of the veterinary products of the Company to customers in certain countries outside of the United States
for a period of three years. The distribution agreement lists the prices to be paid for the company's products by
eMarkets and provides for the company to provide training and customer support at its own cost to support the
distributor’s sales function.
Sales transactions to eMarkets recognized for the three months ended June, 2011 and 2010 include $213,787 and
$1,273 in sales.

What could this mean ?
1/ BIEL hardly sold in the veterinary market before and now all of a sudden veterinary products are representing (tru EMarkets) the bulk of sales (60-65%)? Meaning also, the sales in the "human" market would have dwindled to almost non-existant, and none of the other distributors made sales whatsoever (bar one, as in the latest statement it said that "two of the distributors represented 89% of sales", so apart from eMarkets there is one (1!) other distributor representing between 20 and 25% of sales, now I really wonder who that would be)
2/ As this seems so very unlikely to me, I would rather assume that Whelan's sister has taken over all e-commerce sales such as Amazon and the likes, which are obiously human uses of the product.The statments about veterinary products would then be misleading.
3/ In a google search, eMarkets came up as having two employees, and I suspect the two employees might be seen in following press article
http://www.fredericknewspost.com/sections/business/display.htm?StoryID=82702
4/ As you can see, these employees of eMarkets only do the order picking and shipping.
5/Which leads me to the question as to who does the order taking and administration for eMarkets
6/ Let's revert to aformentioned caption that "BIEL does provide customer support at its own cost to support the
distributor’s sales function", and I guess it is clear who does most of the work for eMarkets
7/ In plain english, people are on BIEL's payroll that are actually working for eMarkets, and paying for Mary K. Whelan's profits. Thus, BIEL's payroll is unrightly burdened and shareholders are damaged.
8/ I wondered long time about the excessive payroll of BIEL, and being in the financial problems that they are, cutting in the payroll would be the frist and foremost thing to do.
9/ I guess I've found the reason for the excessive payroll and if they retroactively correct the situation, the picture for BIEL would be much better (see: the interest of BIEL prevails for me)
10/ Sometimes you hate to be right
11/ I so much prefer to be shown wrong than to have this message be deleted