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How is this down when 420 is tomorrow and every weed stock and their mother are up?
So much for blowing out Q3.
Word of advice to everyone still thinking about this. Many of its avid supporters are gone. The CEO is trash, their sales are nominal to what they should be, and it’s doubtful that their Q3 sales are material otherwise they would have been forced to report them. Number one rule in trading? Don’t be married to a stock.
agreed
Hey buddy, if you want to believe that every time someone gets vaccinated, they will need a test, then that’s your problem. It’s been proven the antibodies disappear from the system around 3 months. Vaccines will be taken by those to PREVENT ever getting the disease. There is no precedent for testing everyone prior to giving a vaccine, that is fake news.
Lol absolutely unequivocally false.
The first half of that statement is untrue. the antibodies are said to disappear after 3months on average, so people can still be vaccinated without having the test done. Just like they dont test if you have had the Flu prior to getting a Flu shot....
Thx I stand corrected!
I found this line interesting:
We do expect the marketing of the Covid-19 test to further positively impact our revenues in the year ending December 31, 2020,
I dont think they have done any marketing that I have seen, so potentially an indication of things to come?
Also, its strange that they claim they are taking steps to hire more sales folks, but i cant find a single job rec online...
We are also taking efforts to increase the size of our sales team to further penetrate the Covid-19 market and drug test markets
when should Q3 be reported, mid Oct i assume?
I added, hopefully for the final time :)
they REALLY need new auditors
all across this and other channels, we've been waiting for this Q report. But if there is nothing new im afraid we are in for another drop.
all across this and other channels, we've been waiting for this Q report. But if there is nothing new im afraid we are in for another drop.
woof i dont like that. It sounds like there wont be any surprises in Q2 and all results were basically reported in the Q1.... uh oh
STU must have just got out of a BD meeting with Melissa and realized its time to go lol
welp... looks like we are all F*****
ouch... .2199?!
The reality is the longer she waits to capitalize off Covid, the less interest there is. Dont give me that crap that "testing isnt going away soon"... there are 50 million other testing options out in the market and at some point before EOY a vaccine will be out rendering testing to a fraction of the demand.
Perhaps the fact they are at 400% MC compared to precovid is enough validation for Melissa that they are doing something right. I hope I am wrong, but it would fall in line with her "stay the course" thinking.
This bag is heavy....
LOL I love that idea
because they are behind on filings, wouldnt they need to be up to date before filing and announcing any material sales? I recall her stating that "subsequent events" come into place when filing, which would make sense since just before we received the Q1 10Q, we received the amended 2019 10k...
If this is the case, then any material sales announcements which occurred in Q2 would come after or through the 10Q.
Perhaps we should recommend a new auditor to them?
Maybe it is taking so long because the numbers are so large!
....one can dream
Despite everything we’ve seen, I still can’t believe it’s Thursday and still no Q. This is insane
lets get some good Juju for a solid report tomorrow and most importantly, a mention of significant sales for July
hopefully, but with how the market has been reacting to small cap news over the last 10 days or so, im a little concerned about ABMC releasing any news at all
I'm thinking if we dont get it today itll be here tomorrow asap. they dropped the NT news mid-day Thursday and I think they'll want to get this yield sign removed asap. Kind of "price is right"ing you a bit there :)
FWIW LinkedIn shows 24 people there and the only person leaving in the last 6 months was the VP of sales
Yield sign up on otcMarkets. Hopefully news by EOD
NFL reports 30+ false positive tests... if I’m Melissa and crew, I’m dialing for easy dollars to get our tests in to BioReference Labs
Stu can officially sell today correct?
think there is bleeding tomorrow? From a chart perspective im we 200ma could serve as support at 28...hopeful for some cheapies at .23 again tho....
in BK we trust!
im hopeful of mid week next week, but the last time the used "shortly" during the late filing, it took 3 weeks....
Interesting, Trump is allowing laboratories and commercials agencies to bypass FDA to sell tests directly, wonder how this will affect ABMC
https://www.politico.com/news/2020/08/19/trump-fda-review-coronavirus-tests-398924
Totally. It’s a waste of time and any “info” he supposedly claims he unearthed is nominal at best. Nothing important
Not to mention illegal for him to disclose as he is most likely under NDA like most employees in bio/pharma/tech.
Right, which is why I’m optimistic for q3. Although I don’t know if I can take 3 more months of dead silence only for Melissa to downplay q3 smh
How does my number of shares have any relevance to the fact of 100k kits sold? ABMC is the topic
Just looking at the numbers, 1m sales at $10 per pop is only 100k tests. That’s a pretty disappointing number. You’d think if these relationships you keep mentioning were as valuable as you make them seem, they could pump out more than 100k tests.
I’m happy to eat crow on the potential for a saliva test, but the reality is they have to do something with the tests they already have access to. Maybe I’m bias because of the tailspin which has me in a big hole, but they have to prove something first
What if this?!?! what if that?!?! Sounds like the MLB prayers all over again. How about we see what actual test sales look like first and we can go from there. We need at least 1.5m in test sales for Q2 imo. Q3 should see double that with 2nd covid wave and distribution isssues resolved