Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Where is it dated 6/26 though? On the bottom it says dated 7/31/20
100%. Well said, Ted.
The date on that report was July 31st. That was from the 10-Q, not the 8-K.
See through my game? My dude, I haven't sold a single share and I've been one of the realist guys on here. I'm being honest. If you guys don't want honesty, so be it. We'll 100% retrace, but we're not getting over the hump, so to speak until Melissa drops PR. That's a fact.
As of the date of this report, we have shipped $1,126,000 in products to customers
What do you mean? She said they did a little over a mil for covid kits as of June 26th. That's only 4 days before the end of Q2.
What are you talking about?
It says that covid sales were a little over a mil as of June 26th and she said that they've shipped 1.1 mil as of July 31st. Do the math. We all figured this out over the weekend.
OMG, that just shows her incompetence even more, hahaha. Continue reading it.
Waterhouse continued, “Our drug testing business has been negatively impacted by the Covid-19 pandemic in the first half of 2020. The core markets for our drug tests are employment, clinical and government; and each of these sectors has been negatively impacted by the pandemic in various ways. On March 23, 2020, we announced we are distributing a rapid antibody test for Covid-19 and on May 29, 2020 this COVID-19 test was authorized by the United States Food and Drug Administration (FDA) under an Emergency Use Authorization (EUA) for use by authorized laboratories. Starting in late March 2020, we conducted pre-sales of the product and began shipping orders to customers in May 2020. Sales of the Rapid Covid-19 test have offset the negative impact to our drug testing business. As of the date of this release, we have recorded revenues of just over $1,000,000 which resulted in approximately $430,000 in profit to ABMC after expenses and commissions.”
https://www.sec.gov/Archives/edgar/data/896747/000165495420007023/abmc_ex991.htm
As of the date of this release, we have recorded revenues of just over $1,000,000
They only did 100k from June 26th-July 31st.
Let's hope. Without it, we might be chilling in this range, if not lower until Q2 numbers drop likely around Labor Day.
We deserve some PR
Yeah, but there's only so much bounce possible here. Hopefully when it hits the OTC we'll be back in the .70's or .80's. I just think she's in over her head.
If she doesn't drop PR, there's going to be no new buyers left, lol. I told everyone on Friday that it was bad. She's clueless. I thought we'd retrace still and was trying to be optimistic, but no clue if we will at this point.
The bid just dipped for a second to .32. Holy hell. Melissa needs to go. This is pathetic.
Stu Sternberg must be pretty pissed off at Melissa right now
Bid is down to .60
Looks like we’re going to open up red as of now.
I agree. I think we’ll retrace back over $1 this week.
Right. They said we’d be on CNN Money a few weeks ago which never happened as well
Sure, Jan.
Per the amended 10K, Chaim has 3.3 mil shares.
Here’s a form 4 from March where he had already had near 3 mil.
https://sec.report/Document/0001491519-20-000003/
Another 205k shares in April
https://sec.report/Document/0001491519-20-000004/
They became public record on July 2nd:
https://sec.report/Ticker/ABMC
??????
If they increased their shares? Sure. To me personally, it looks like an algorithm that collects data from other sources to lure people into their website. If you go on their website, there's no details on any of this. For example though:
@StockWatchHQ
Home Run_American Bio Medica $ABMC to announce deal with MLB, NFL and NBA for distribution of it's Covid-19 rapid test
$ABMC - Billionaires dont ever invest in Penny Stocks, UNLESS they know exactly what they are doing. MLB Owner, MLB starting up needs #FDA APPROVED RAPID #COVID19 #antibody #testing BADLY...connect the dots folks #TexasRangers #MLB #NFL #NHL #NBA
Not what i'm saying. I'm saying we knew that insiders held a ton of shares already. It's pure coincidence that their shares increased IMO based off of everything we know about that account.
If there body of work on stocks/ABMC was accurate, I'd think otherwise, but everything points to be it being pure coincidence.
-They said that she would announce agreements with all major sports on July 25th. Hasn't done that yet.
-They said that our stock would go up because we were featured on CNN Money. We were never featured on CNN Money and that's the day we started dipping.
-They're also saying we'll be featured on Big Money with Jim Cramer. Nobody else has confirmed this.
-On July 18th, they said that the CEO would confirm "acquisition discussions". That hasn't happened.
What about the tweet? We already knew there was a ton of insider ownership from their Form 4's.
Look at what I just posted. It's a bunch of BS. It's pure coincidence. They just bait people to their website, lol.
Look at this trend...
And You Can Take That To The Bank_TPT Global Tech $TPTW To Confirm Reverse Merger Discussions Underway In New York City
And You Can Take That To The Bank_CV Sciences $CVSI To Confirm Reverse Merger Discussions Underway In New York City
You Can Take That To The Bank_Good Gaming $GMER Will Confirm Reverse Merger Discussions Underway In New York City
Dakshidin Corp $DKSC To Confirm Reverse Merger Discussions Underway In New York City[/quote]
This account does the same crap:
https://twitter.com/FlyOnTheWallHQ
Go look at the account and the amount of people who have reported it. Again, they posted on the 15th that ABMC stock shares were going to rise because of a feature on CNN Money. We weren't featured on CNN Money and that's the exact day the stock dipped. They literally post dozens of rumors daily about different stocks and none of them come true, lol. They do it to bait people to their website that doesn't have anything posted regarding these rumors. It's pure coincidence on timing with ABMC.
This was posted a week ago. Google it. Zero news on this. So this account is also apparently an insider at Nike? Give me a break.
Nike $NKE BOD votes to move forward on buyout offer for Crocs $CROX
Go look at the posts. NOTHING they have said has happened with any stocks. Look at the amount of people that have reported the account. You're telling me that this account is an insider at ABMC in addition to hundreds of other stocks? Come on, now.
StockWatchHQ posted this on July 15th:
@StockWatchHQ
If The Shoe Fits, Wear It_American Bio Medica $ABMC Share Price To Rise As Nationwide Exposure Coming With "CNNMoney" Segment
That account is trash. Don't trust it.
That account hasn’t been right on one single thing and if you click the link, they don’t elaborate. Everyone else calls out their BS as well. It’d be amazing, but I’ll remain skeptical.
It’s 100% BS unfortunately. They post stuff all the time that’s completely made up for other stocks.
I check for Bill Cassidy’s updated disaster guide every day. Eventually, we’ll get an updated one and it’ll say that our tests for Louisiana are no longer on pre-order. The question is, will Melissa tell us first?