Replies to post #327227 on Bioelectronics Corp (BIEL)

[GetSeriousOK]

Mundi Pharma is not related to Synergy. Whelan may have been "duped" by both, but if so, they were separate "dupings."

Regardless, I don't believe that either MundiPharma or Synergy contractually promised to buy ANYTHING. They were both just distribution agreements, IMO, which means there's no "Breach of Contract" for lack of purchases and no legal recourse for BIEL.

That lawsuit will never happen, IMO. Anyone considering funding BIEL's lawsuit against MundiPharma would insist on reading the contract, and there's no way MundiPharma contractually promised to buy $14 million worth of product without knowing whether they could sell it or not. They wouldn't contractually promise to buy $1.4 million worth of product, let alone $14 million -- nobody would. It's absurd. So BIEL is never going to get funding for that lawsuit.

And if BIEL raises money some other way and wastes it on a David-vs-Goliath lawsuit against MundiPharma (in Singapore of course), that would be a travesty. They need the money for other things and MundiPharma would effortlessly wear BIEL down with delays and legal maneuvers.

[art2426]

Correct me if I am wrong, but the Synergy deal and Mundi Pharma deal are two separate deals.