Replies to post #327326 on Bioelectronics Corp (BIEL)

[srinsocal]

I considered that it might be Synergy but it didn't add up

<<<<<< Didn’t they say that a deal fell through in the last chairman of the board update? >>>>>>

The 12/22/2023 COB Update had this under 'Distribution Update', "However, talks with a major distributor in Asia and the CIS countries fell through after about six months of conversation."

The Synergy deal was a "signed agreement" not just "talks" when announced in 8/2022.

The Synergy deal was announced as for "25 countries throughout SEA, APAC, Africa, MENA, CIS", not just "Asia and the CIS countries".

[InvestInBiel]

"Didn’t they say that a deal fell through in the last chairman of the board update?"

You remember correctly, Hawk!

(End of Year Message from the Chairman)

"Distribution Update

News on the sales front is more mixed. We brought in two new distributors for Bulgaria and the Netherlands and will relaunch in Australia in early 2024. However, talks with a major distributor in Asia and the CIS countries fell through after about six months of conversation. KT Tape had a change in management and decided not to actively market our medical device.
As a result, we revoked its exclusive distributor contract and are now looking for a new distributor."