Replies to post #297153 on Bioelectronics Corp (BIEL)

[mBell4466]

The R&D category of the balance sheets could definitely be including things like the developmental changes of the RecoveryRX loop size, and power. The money spent is probably to attain sales from those medical professionals who have tested it, liked it, but wanted small changes to make it more applicable. So it may be very important to have spent the money in the R&D space, it could be the reason there is a 975,000 unit sale under contract.

[imklo]

Reduce the employees? which ones? the regulatory affairs? the engineer? the sales people? they have SEVEN people doing EVERYTHING. R&D is probably mostly the engineer's salary!

[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.

[srinsocal]

Yesterday it was COGS, but that did not stick to the wall

<<<<<< After the COGS, the other expenses should be minimized as much as possible >>>>>

Still not acknowledging that BIEL has already cut spending extensively. KW has done a great job in making hard decisions to reduce expenses. Unfortunately that involved losing some good people, Sree and Kiki. Cut a business back too far and customer service suffers, customers start leaving.


Year ... Sales .........Net Loss ...........Total General/Admin expense
2012 - $500k ........ $2.412 million .............. $2.181 million
2013 - $665k ........ $2.168 million .............. $2.198 million
2014 - $1.289 mil . $2.677 million .............. $2.168 million
2015 - $2.339 mil . $2.469 million .............. $3.128 million
2016 - $2.089 mil . $2.106 million .............. $2.658 million
2017 - $1.763 mil . $2.118 million .............. $2.358 million
2018 - $1.045 mil . $2.988 million .............. $2.393 million
2019 - $941k ........ $2.325 million .............. $1.860 million
2020 - $829k ........ $1.159 million .............. $1.553 million
2021 - $1.609 mil . $289k ........................... $949k