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ABMC about to blow again! Smart ones reloaded from .08-.15
That’s what happens at times when you have a smaller float and MM’s letting it go a bit. It’s how ABMC how’s always traded. I know a lot of people here are looking for a quick buck however with the portfolio ABMC has put together with testing devices and Corona going to be here for along while this has turned into and investment. If ABMC plays its cards right and capitalizes on sales then and possible contract manufacturing this baby is going much much higher. Can’t believe we were all able to load the boat from .08-.15 with what’s going on right now with the pandemic.
Welcome back Wall$treet
ABMC feels like it’s about to blow
44
No Short-Selling or Hedging by Lincoln Park
Lincoln Park has agreed that neither it nor any of its affiliates will engage in any direct or indirect short-selling or hedging of our common stock during any time prior to the termination of the Purchase Agreement.
Read the offering they can’t short or manipulate the stock! It goes over it many times in the offering. LP wouldn’t do that before the offering even started!
S1 filed on Dec 29th so SEC must have gotten back to them within a few days since the amendment was turned back in today. Look for a final approval pretty fast. Things could heat up here quickly. No wonder why the Share price has been going up. Maybe people in the know buying in? Let’s see what happens
That was super fast! Next one is the approval which should be next week! Great news
In my opinion we will be here until the S1 is approved which can take weeks to months sometimes but this offering seems clean and pretty cut and dry and it’s to only one company so should fly especially since ABMC is an audited reporting SEC Company.
I don’t think ABMC will update anything until they can officially sell shares at a higher price. Just smarter for them I would think. Good news is they should be selling test kits and Corona virus isn’t going anywhere and most experts see this lasting at least one year minimum
I don’t believe we will see any news or updates until the S1 is approved by the SEC and sometimes that can take months however since ABMC has been a fully reporting company who does Audited financials with the same auditor I believe it won’t take all that long. Either way Covid testing will be strong all the way through 2021 and most likely beyond which is why ABMC is undervalued at .13
It’s also nice to know ABMC has the controls to the funding faucet and they can choose when to turn it on and off when they need it. It’s also nice to know the offering only allows them to sell 200,000 shares at a time but can be bumped up to a MAX of 500,000 shares based on the share price and they can’t sell below .05 which is why I’m sticking around to watch this unfold. Hope they receive another PPE loan as well. ABMC and it’s shareholders do not want to dilute their own shares. Melissa is still owed back pay so the only way she gets paid is if she’s succeeds here. Lots of positives which outweigh the negatives at this point. Happy New Year and here’s to a profitable 2021 for everyone
Initial Purchase Shares already sold to Lincoln Park at a price of $0.25 on December 9, 2020 as an initial purchase for aggregate proceeds of $125,000, and an additional 500,000 shares we expect to sell to Lincoln Park at a price of $0.25 for aggregate proceeds of $125,000 on the commencement date under the Purchase Agreement, which will occur when the registration statement that includes this prospectus is declared effective and the other conditions to commencement have been satisfied, which leaves a maximum of 7,500,000 additional shares of common stock registered hereby available for sale to Lincoln Park at varying prices in future purchases under the Purchase Agreement. Accordingly, depending on the assumed average price per share, we may or may not be able to ultimately sell to Lincoln Park a number of shares of our common stock with a total value of $10,250,000.
This is very important to us! If ABMC wants to raise the AS for for shares! . If we choose to do so, we must first obtain shareholder approval to amend our Certificate of Incorporation to increase the number of authorized shares available for issuance and, if we obtain the requisite shareholder approval, amend our Certificate of Incorporation to increase our authorized shares of our common stock and then prepare and file an additional registration statement with the SEC to register for resale under the Securities Act such additional shares of our common stock, which could cause additional substantial dilution to our stockholders. The number of shares ultimately offered for resale by Lincoln Park under this prospectus is dependent upon the number of shares we direct Lincoln Park to purchase under the Purchase Agreement
I like this! Thereafter, from and after Commencement, under the Purchase Agreement, on any business day selected by us on which the closing sale price of our shares of common stock exceeds $0.05, we may direct Lincoln Park to purchase up to 200,000 shares on the applicable purchase date (a “Regular Purchase”), which maximum number of shares may be increased to 250,000 shares, if the market price of our common stock at the time of the Regular Purchase equals or exceeds $0.20, and further increased to 500,000 shares, if the market price of our common stock at the time of the Regular Purchase equals or exceeds $0.50 (such share and dollar amounts subject to proportionate adjustments for stock splits, recapitalizations and other similar transactions as set forth in the Purchase Agreement), provided that Lincoln Park’s purchase obligation under any single Regular Purchase will not exceed $500,000.
In order to provide our customers with a diagnostic option for Covid-19, in October 2020 we began distributing the Co-Diagnostic Logix Smart Covid-19 tests in the United States. This RT-PCR test enables us to offer customers a diagnostic tool that can be run on high-throughput machines in clinical laboratories certified under Clinical Laboratory Improvement Amendments (CLIA)
From the S1! We estimate that the net proceeds to us from the sale of our common stock to Lincoln Park pursuant to the Purchase Agreement would be up to $10.23 million over an approximately 24-month period, assuming that we sell the full amount of our common stock that we have the right, but not the obligation, to sell to Lincoln Park under the Purchase Agreement, and after other estimated fees and expenses. See “Plan of Distribution” elsewhere in this prospectus for more information.
The price they sell at would have to be much higher than .10 given the amount of shares that are available in this offering
And you’re posting an add for rip-off report lol from 2012,2014, great DD
Read the offering! You just posted a link to them short selling! ABMC says when they sell them shares, and there’s no manipulation or short selling against the stock. Please stick to facts
And your point is??? How is that proof that they are selling their small amount of shares at these low prices??
Please show us proof of this????
Pure BS
Drug Screening Market worth $10.0 billion by 2025 - Exclusive Report by MarketsandMarkets
https://www.prnewswire.com/news-releases/drug-screening-market-worth-10-0-billion-by-2025--exclusive-report-by-marketsandmarkets-301183408.html
Without a doubt!!! Followed many tickers like this but never in a much needed space in a pandemic. Winner
Can’t deny the fact that ABMC is heading in the right direction after many years of being stagnant! With no history of dilution on this smaller share structure this is a good buy and hold at these levels. Patience will payoff IMO
ABMC has much more positive than negatives at this point however sales and manufacturing deals is what will drive the share price up. ABMC has all the tools but now it’s time for the delivery!
Yes sir! This is why I and others I know are picking up as many shares as possible at these levels. ABMC can pull as much as 10M out to do whatever they need to! ABMC on the right track to growth IMO
Also needs to be noted that the company can’t sell them any shares until the S1 is approved by the SEC from what I’m understanding which can take quite awhile
Basically the investor bought in at the floor price now. If the share price keeps going down they lose money and ABMC would not choose to sell them the shares. IMO ABMC has something coming especially with their oral testing and they needs funds to act on it. They can manufacture out of their FDA approved facilities so I really think this is all coordinated.
The Company intends to use proceeds from sales under the purchase agreement for working capital and to support growth initiatives. Specific growth initiative may include, but not be limited to, strengthening the Company's sales and marketing division, increasing its contract manufacturing activities and introducing its oral fluid drug testing platform to the market. The Company may also pay down debt to decrease interest costs.
Have you read the 8K with the floor price and where the investor can buy the shares at. The stock won’t keep going down like you’re suggesting the investor would keep losing money
WHEREAS:
The Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Buyer up to Ten Million Two Hundred Fifty Dollars ($10,250,000) of Purchase Shares and to induce the Buyer to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the "Securities Act"), and applicable state securities laws.
The company can’t issue more than 8,000,000 shares and the investor can’t own more than 9.99% of the company.
The plans for the share price to go up from here is the game plan
Love this part! Under the terms of the purchase agreement, LPC will not cause or engage in any direct or indirect short selling or hedging of the Company's common stock!!!!
No warrants are being issued under the purchase agreement, and there are no limitations on the use of proceeds from sales under the purchase agreement.
Upon execution of the purchase agreement, LPC made an initial purchase of $125,000 of common stock at $0.25 per share
Great news today! If you read the fine print this is def good for shareholders! Up up we go
This post kind of describes yourself, but hey made me laugh thanks
Why are you here then is there wasn’t interest lol
Why wouldn’t there be interest here. Company just up listed so they know something, Covid is running wild and not stopping anytime soon while ABMC offers the top antibody test to go along with CODX’s top molecular test that will tell you of you have the flu or Covid in under 2 hours. No dilution here and super low float. Company keeps up the the SEC and is audited. Sure you could point out some negative things about the CEO however thats more or less picked apart by penny players who think their entitled to a PR every other week. ABMC tried with the antibody test in the very beginning however the Healgen product had issues shipping and the need for antibody test went down by the time the issue was fixed. I’m not making excuses at all for the company and I’m pretty unsatisfied with the performance myself but right now this is way undervalued at these levels. Company is up listing for a reason.
What I do know about this stock is the angry old shareholders who once pumped this stock are now here trying put a negative outlook on the company. Like a woman who was cheated on she comes back for revenge.
Nice news for Healgen today! Breaking News: We are pleased to announce the Chinese Health Ministry has granted approval of our COVID-19 IgG/ IgM antibody rapid test issued by the National Medical Product Administration ( NMPA) formerly known as the CFDA.
With Covid running wild and testing coming into play more than ever now I would think this low floater with no dilution should be going up from here ABMC
Their main goal is for long term success and attract new investors like the company has stated so why do it and pay the money to just sit there. They know a QB alone won’t do anything it would be wasted money
Hopefully the company has been holding back updates until the exchange was granted! If I was running it or on the board that’s what I would have done if I had updates. If the company is trying to attract new investors then one would think they have something coming if they up-listed. The higher exchange alone won’t do it. Need some meat here and I think they have it coming
Spoken like a true penny player