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same old Mel nothing changes..I unfortunately had to take my loss at the end of the year..what a shame this could have been a decent company.
Hey my sweet Melissa,how's the one and only press release you put out last year thanking pedo Joe doing for the company?I mean as a country we're back to testing testing testing and what did pedo Joe and your sales team come up with?Nothing other then a Govt service contract done with?I bet if the right Ceo were running this company,there would be no fumbles and or interceptions.With Melissa in the control seat this company is what pedo Joes admin is an F Troop admin.
$ABMC Up ... 22% today.. This will run again.. IMO... micro
A friend looking at the company,told me
Where did you see that?
Yup but a bad time to let your gov't service contract go.They keep making stupid mistakes like this F troop admin,only Biden makes mistakes on purpose
Good time for a trade
With the end of tax loss selling being over soon, and unlikely that the company will NOT need to use the LPC relationship anytime soon (based on the cash from Stu and from the tax relief) seems should be setting up nicely for a good short term uptrend to form soon.
Long term will depend on how well sales have gone and/or if there is a management change.
Either Stu believes in the company story or someone connected to the company can actually "sell" (and let hope, if so, is involved in selling products)
I personally own shares.
Good question
I'll be looking at the next few quarters to see if we file on time with the new accounting firm. (The first time might take extra time for the new accounting firm, but after that should show what impact the old account firm had in the late filings)
Why did the accounting firm quit?
https://last10k.com/sec-filings/abmc/0001654954-21-013452.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=abmc
Sell Steak? How about tests?
I can easily accept you premise about sellin steak.
But durina a time where TESTING has becomne a top priority, how come she can sell NOTHING???
You may be VERY right when you say that the lady CEO is INCOMPETENT.
Chinese test kits and an inept Ceo that loves Joe Biden and put out a press release saying so lol.She couldn't sell a steak to a starving refugee from South America,But...
$ABMC... We have a major spike in Corona virus test kits coming in the next few weeks... I have a feeling this ticker will rocket once more...
Yes I've spoken to her a few times I think the last time was late June.
I was suggesting that you speak with her also. But to get it scheduled, I've found that I needed to email her and also to leave a voice message about the email. In your email and/or phone message for late this week or early next week mention days and time range in which you are available.
Have you ever spoken to her in person OR on the phone?
That would be seemingly be more interesting that via email
Stuart Sternberg owns 9.3% of all the ABMC shares
We all know that he is a principle owner of the Tampa Bay Rays baseball team.
Watching how the Rays operate, he is a good businessman.
So my question is "Since he owns so many shares, why doesn't he want to make an effort to get more representation on the board or perhaps nominate someone to become the CEO of AMBC?"
Can any of Sternberg's nominees do a worse job than the current administration that is headed by Melissa??
Perhaps you should try to speak with her
Perhaps you can drop her an email (from the email I made her aware of) requesting a phone call and phone message that you sent the email to avoid it being missed in her huge Spam.
I'd suggest you give her times&days in next week good for you to see if something works in her schedule. (Also check periodically for a response in your own Spam, as once her email went to mine)
ERC tax credit refund due back to the company
I was referring to the employee retention credit (“ERC”) from below in bold "The Company’s expected refunds; totaling $537,000" (dollar sign added by me)
most recent 10-Q
NOTE F – Employee Retention Credit
The employee retention credit (“ERC”), as originally enacted on March 27, 2020 by the CARES Act, is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. The Taxpayer Certainty and Disaster Tax Relief Act (the “Relief Act”), enacted on December 27, 2020, amended, and extended the ERC. On March 1, 2021, the IRS released Notice 2021-20 to provide guidance on the original ERC, as modified by the Relief Act. The Relief Act extended and enhanced the ERC for qualified wages paid after December 31, 2020 through June 30, 2021. Under the Relief Act, eligible employers may claim a refundable tax credit against certain employment taxes equal to 70% of the qualified wages an eligible employer pays to employees after December 31, 2020 through June 30, 2021. Under the American Rescue Plan Act and previously under the Consolidated Appropriations Act, 2021, the ERC was extended and expanded allowing claims through December 31, 2021 by eligible employers who retained employees during the Covid-19 pandemic. However, on November 5, 2021, the House of Representatives passed the Infrastructure Investment and Jobs Act (“Infrastructure Bill”) under which the ERC would terminate as of September 20, 2021 instead of December 31, 2021 and, President Biden signed the bill on November 15, 2021.
The maximum qualified wages for each employee under the current ERC is $10,000 per quarter. Also, because we have 100 or fewer full-time employees, health plan expenses borne by the Company can also be includes as qualified wages in addition to salary. To qualify for the ERC in 2021, an employer must have experienced at least a 20% reduction in gross receipts when compared to the same quarter in either 2020 or 2019. During the first quarter of 2021, the second quarter of 2021 and the third quarter of 2021, the Company qualified for the ERC when comparing its 2021 quarters with both 2020 and 2019 quarters. In August 2021, the Company’s payroll service provider processed and mailed a Form 941-X to claim a refund in the amount of $202,000 on qualified wages paid in the first quarter of 2021. Due to a change in the Form 941-X, the Company’s payroll service provider did not process and mail its Form 941-X to claim a refund in the amount of $198,000 on qualified wages paid in the second quarter of 2021 until October 28, 2021. In the middle of the third quarter of 2021, the Company began taking the ERC in our current payroll; which reduced payroll by approximately $44,000 in the third quarter of 2021. Given this, the Company did not have to amend its Form 941 for the third quarter of 2021; however the Form 941 claiming a refund in the amount of $137,000 was filed electronically with the IRS on November 1, 2021 by the Company’s payroll service provider. Upon passing of the Infrastructure Bill, the Company ceased taking the ERC in its current payroll.
The Company’s expected refunds; totaling 537,000, are included on the Condensed Balance Sheets under current assets, as well as on the Company’s Condensed Statements of Operations under other income.
Laws and regulations concerning government programs, including the Employee Retention Credit are complex and subject to varying interpretations. Claims made under the CARES Act may also be subject to retroactive audit and review. There can be no assurance that regulatory authorities will not challenge the Company’s claim to the ERC, and it is not possible to determine the impact (if any) this would have upon the Company. Although the Company has recorded $537,000 under other long term liabilities on our Condensed Balance Sheets, even if the Company’s refund claim was challenged and ultimately denied, the Company would not actually have to remit $537,000 to the IRS as that amount has already been remitted to the IRS.
What tax money?
When you say "It appears to me that with the tax money back coming soon"
may I ask what you are referring to?
Thanks in advance
oh yeah I see that now..thanks for correcting me..I was little worried as the first file was blank but now I see the updated filing.
He didn't sell
To me looks like just an update from above 10% to slightly below (I see an SC 13G/A appeared overnight). If you compare his Oct and Nov SC 13G/A there was no change in the number of shares.
(The above 10% was with his new shares but using the outstanding shares from before his were included; the below 10% is using outstanding shares from after his were included)
It appears to me that with the tax money back coming soon (plus money from they mentioned in the last Q (plus the money from Stu) they should have enough cash for some time and not have to dilute anymore.
looks like he might have sold everything
Omicron = Income Opportunity
The only question here is whether or not Melissa and ABMC has ANY capability to take revenue advantage of this new medical scenario????
Hard to believe the company and employees still put up with Mel
Hard to believe that sales actually dropped off for the YTY.
Apparently there is too much competition for these Chinese imports.
I love how she starts out “sales actually increased” hahaha like she was surprised at that..and they can’t seem to sell covid tests in damn pandemic lol Mel has got to go
Tomorrow after market close 10Q?
As predicted by many NT-10Q is now out
https://www.sec.gov/Archives/edgar/data/896747/000165495421012213/abmc_nt10q.htm
As a positive note, even though the price had been over .05 relatively recently there was no extra dilution with the LPC relationship.
less than 2 weeks till Mel has another dumbazz excuse to file late
The company just issued 9.7 Million new shares and they need dumping for holidays. LOL!
Nope. I guess that some shareholders are liquidating their shares before the year-end by pumping it.
Ya you would think we hear something soon!
Insiders doubled holdings here:
https://www.otcmarkets.com/filing/html?id=15301715&guid=u_bwkaUP5EIyOth
same here..heavy azz bags but that’s my own stupidity lol
Lets hope. I'm holding too.
Yeah, I'm still holding some heavy bags. I saw the filing where Sternberg doubled his holdings so maybe we'll hear something positive...
No idea but this went on a huge run during covid lockdowns.
Ya at a par value of .20. Must be something big in the works.
4m? .2 cents? Gotta be something juicy right
Waiting for a little pullback and starting to load more up every 5-10% drop
Poor management
Why is this stock this low? I don't get it not complaining cause I was able to get in at bargain prices but the market cap here is ridiculous .
Nothing that I can see... Other than this should be running between 0.10 and 0.25 imo... Somebody definitely wants in.... $ABMC 500,000 on the bid for 2 days straight.... micro™?????
Is there any tangible event making this move?
$ABMC is up and bullish... With over 500k on the bid @.049 micro™
Are we up 35% here today or am I dreaming ?
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Melissa WaterhouseChief Executive Officer/ Principal Accounting and Financial OfficerMelissa Waterhouse joined ABMC in December 1997. Since that time she has held various management positions in Investor Relations, Marketing and Public Relations. She served as our Corporate Secretary from September 2003 until her interim appointment as Chief Executive Officer and Principal Financial Officer in October 2013. In June 2014, Ms. Waterhouse was appointed as Chief Executive Officer and Principal Financial Officer and was appointed to the Board of Directors. | Douglas CasterlinVice President of Operations.Douglas Casterline has served as our Vice President, Operations since July 2012. Mr. Casterlin originally joined the Company in 1997. Mr. Casterlin has over 30 years experience in manufacturing and production. | Scott D. Hutton, Ph.D.Vice President of Sales & MarketingScott D. Hutton, Ph.D. has been with ABMC for over 8 years and, he has over 18 years of experience in the drug testing industry. He has negotiated numerous state contracts as well as contracts with Fortune 500 Companies. Prior to being in the drug testing industry, he had over 15 years of law enforcement and corrections management experience. Dr. Hutton has written a book entitled, “Staff Supervision Made Easy” and served in the U.S. Army. |
HILLSBOROUGH COUNTY, Fla. -- Widespread coronavirus testing could be available for first responders in Hillsborough County as early as this week.
These are rapid testing kits that will determine who has the virus, which will help the department pinpoint who may have been exposed.
As COVID-19 quickly spread across the country, first responders accounted for some of the earliest cases, even here in Hillsborough County.
"We had four members test positive for COVID-19. We've had over 60 members tested. We've had numerous folks exposed, isolated, or quarantined," Deputy Chief Jason Dougherty said.
That's why it was so important for Hillsborough County to test all of its first responders. The county shelled out about $250,000 for 44,000 rapid COVID-19 testing kits.
"The test will tell them whether they've been exposed to the COVID-19 virus or whether they have COVID-19," Dougherty said.
First responders in municipalities like Tampa will also have access to the rapid testing kits and so will staffers at nursing homes.
The county ordered the kits from American Biomedica, a New York-based company.
While this particular test hasn't been reviewed by the FDA, the government allowed it to be used under an emergency act.
Several of those testing companies have come under fire for results that yielded false positives and false negatives. However, according to Chief Dougherty, any results that come back will have to be confirmed by the Florida Department of Health.
"It's an important step for members to give them a piece of mind but also to protect the citizens in the community and make them feel safe and comfortable with our folks responding to the emergency," Dougherty said.
The testing kits could arrive as early as Wednesday.–Company expects distribution would materially impact sales–
Kinderhook, N.Y., March 23, 2020 – American Bio Medica Corporation (OTCPK: ABMC), a manufacturer of accurate, cost-effective immunoassay test kits, announced today that it began offering on March 17, 2020, via a distribution partnership, a Rapid Test to detect Covid-19 in whole blood, serum or plasma. The assay offers qualitative and differential detection of IgG and IgM antibodies to the 2019 Novel Coronavirus (Covid-19) and provides results in as few as 2 minutes and generally not more than 15 minutes. The test has not yet been reviewed by the U.S. Food and Drug Administration (FDA), but is being offered under the March 16, 2020 guidance set forth by the FDA.
The test can be used for rapid screening of carriers of the virus that are symptomatic or asymptomatic and can be used across many markets including hospitals, clinics, and by employers and correctional institutions. The test is not available for consumer use and will be marketed in full compliance with the FDA guidance, including the required labeling indicating that antibody testing should not be used as the sole basis to diagnose or exclude a Covid-19 infection.
To place an order, customers can call (800) 227-2343, or (518) 758-8158 outside the United States or, contact the company via email at COVID19@abmc.com
For more information on ABMC or its testing products, please visit www.abmc.comVolume | |
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