Having a beer!!!
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Ronin, from everything I've learned in researching FDA EUAs they are posting in the FDA site whether the company PRs the approval or not. If it was approved already we would know immediately. I'm thinking we see them post ABMC this week.
I've seen many companies taking advantage of the SEC Corona Virus extension.
https://www.google.com/amp/s/www.forbes.com/sites/ezequielminaya/2020/03/25/sec-offers-extended-filing-deadlines-to-companies-impacted-by-covid-19/amp/
Everyone should follow this guy, Dr. Fauci. For the ones that don't know who is:
https://www.niaid.nih.gov/about/director
Check out this video/article
https://www.google.com/amp/s/news.yahoo.com/amphtml/fauci-coronavirus-antibody-tests-coming-immunity-certificates-being-discussed-172122667.html
Antibody testing stocks going to run this week imo. This is not ABMC, but it just goes to show you the trend started by Hillsborough County!
http://theparisnews.com/free/article_7465b28e-7a88-11ea-b181-f72e58563e2c.html
Another great thing the company has going for them is the cost of the test. Yesterday Trump pretty much told insurance companies they had to cover the cost of testing blood for Covid-19 patients. Insurance companies will want to seek out the cheapest manufacturing of these test. $7 dollars a test looks very appealing if you ask me.
https://www.google.com/amp/s/www.vox.com/platform/amp/2020/4/12/21218203/coronavirus-immunity-test-cost
If anyone wants to know why this company is important, just read this article below. ABMC is a GSA contract holder and FDA audit certified! Governments and businesses know they can trust this company. That's why Hillsborough County felt safe ordering one of the largest antibody testing orders to date! This is important for everyone to realize.
https://www.google.com/amp/s/www.propublica.org/article/he-spent--500-000-to-buy-coronavirus-tests-health-officials-say-theyre-unreliable/amp
Agreed, and that 44k order will authenticate the validity and accuracy of ABMC's test kit. More of these will be ordered all over the U.S. and quite possibly in other countries. FDA approval or huge contract news sends the stock running.
This one contract is $300k in revenue. Whether they PR it or not we know this after last week's news release. A lot more coming here imo. Next week should be fun.
This started in single digit pennies. This is definitely consolidating in the high teens and low twenties. There has been huge accumulation here bud. Huge accumulation around .15 and .20. The stock will breakout. Stick around and learn something bud! As I said before good luck getting shares. 44k test order by government and delivered and not even PRed by the company. You are crazy if you think this is not going to dollars once FDA approval hits.
That is called consolidation bud. All newbies to the stock need to check out the DD.
We should have a pretty good gap and run tomorrow. The company is going to make a lot of believers when updates hit. Good luck getting shares, we all know that's why you're here. Peace out!
That would be awesome!
All it will take is one very large government contract and you will see that 10 bagger quickly imo!
You are absolutely correct sir! Very bullish indeed.
It looks like Revach holds almost 3 million shares. I was wrong about the 500k held. I was going off an old filing. Looks like Chaim knew what was coming with that $37k investment.
Chaim Davis is the chairman of ABMC and the director manager of Revach Fund LP. Check of this filing.
https://sec.report/Document/0001491519-20-000003/
Good luck to you bud. We will agree to disagree. We are golden here. Small share structure, GSA certified, government contract, pending FDA approval, and a lot of demand needed. The recipe for a really nice run!
Great breakdown Willy. You are correct, billions of these test will be bought and utilized. FDA approval and contract news will send this stock into dollars imo.
Great breakdown Willy. You are correct, billions of these test will be bought and utilized. FDA approval and contract news will send this stock into dollars imo.
A lot of traders use the barcharts opinion. Some traders don't like it but I for one like to use many different resources when I trade. This is only a hobby for me as I don't do it full time. This one is a lot different and Chaim Davis has a history of finding gems. The guy is tied to almost 500k shares directly and indirectly. This one is a winner folks.
Anyone following this guy needs to reevaluate their trading. I've seen him on the SNAN*F board, which is OTC Covid testing stock pumping. Traders like this have no creditability imo. I do agree with him on stance and that is I like gold but Covid-19 is not done by a long shot.
Really, did you not even read the article posted? ABMC just delivered 44k rapid test kits to the 4 the largest county in Florida with almost 1.4 million citizens. People that think this almost over are oblivious to what is going on. There is a need for these test all over the world and just not in the states. Give use break, if want shares that bad just buy them at the ask instead of spreading false opinions. FYI, this is what this company does it makes test kits and they've been around for over 20 years. They are one of the leaders in this space!
No one has posted this so I thought I would! Haha. Barchart is 100% Buy.
https://www.barchart.com/stocks/quotes/ABMC/opinion
Blink, that's called excitement. Hahaha.
I agree. Chaim Davis is managing director of Revach L.P., whick is located in Boca Raton, FL. You think he has some connections??? Lol.
Agreed, this is huge news! This solidifies and authenticates the trust governments have for ABMC's test. Big big news imo!
Boom....
Approval hasn't been granted as of yet, but the writing is definitely on the wall here after the 44k test kits being received. This was a government buy here. ABMC is a leader in this market space. Check out this article make sure you make to the bottom and see who the company's competition is and where they trade in the market!
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/outlook-worldwide-specimen-validity-testing-101356573.html
I totally agree, they are in a league of their own here. Hell they can shut down production of everything else have their 50+ employees making test kits. This is truly a huge opportunity for everyone involved.
What a relief it must for those on the frontline to get free testing. Peace of mind, I'm excited for them and us.
I guess that question about whether or not they can ramp up to meet demand has been answered. News was published for an order on the 4th and news of receipt was on the 10th. They definitely have the capabilities for Mass production.
Big news!!! Looks like Hillsborough received their test. Next week is going to be great!
https://patch.com/florida/southtampa/amp/28686441/hillsborough-county-get-rapid-test-kits-first-responders
When I seen that contract for 44k test on the Hillsborough org website I knew we had a winner. Hillsborough is currently the fourth biggest county in Florida.
https://www.florida-demographics.com/counties_by_population
I've followed several of your plays over the years. You are a true asset to this forum. Your DD on this stock has been spot on. Looking for that approval to get pushed to the front this week!
I've followed several of your playa over the years. You are a true asset to this forum. Your DD on this stock has been spot on. Looking for that approval to get pushed to the front this week!
Bk, unfortunately that wasn't us. Here is a link to the companies that have been approved.
https://www.fda.gov/medical-devices/emergency-situations-medical-devices/emergency-use-authorizations
BB nice to see you here. I've noticed a lot experienced traders have invested here. That bodes well for the authenticity of the stock.
This news is literally everywhere now. Just a matter of time everyone!
https://www.google.com/amp/s/abc11.com/amp/antibody-antibodies-test-covid/6092264/
All, if the world didn't know about us before they will know about us after this weekend. This is big news. Maybe the FDA can cherry pick these test now.
https://www.wsj.com/amp/articles/health-authorities-roll-out-new-coronavirus-tests-to-gauge-infections-spread-11586511004
We can only hope they are short. That would be just more gunpowder for the launch. Looking for a $1+ here.