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U.S. cases of the novel coronavirus crossed 8 million on Thursday, rising by 1 million in less than a month, as another surge in cases hits the nation at the onset of cooler weather.
https://www.investing.com/news/coronavirus/us-coronavirus-cases-surpass-eight-million-as-infections-spike-nationwide-2325952
Let that sink in, 8M people so far and this will be the first winter with Covid and it’s spiking. Melissa has actually done an amazing job of positioning ABMC
New coronavirus infections rise to record highs in the U.S. https://www.investing.com/news/coronavirus/in-us-midwest-states-new-covid19-infections-rise-to-record-highs-2325626
ABMC is in the right place at the right time. If you aren’t gathering shares you’re going to miss out on what’s coming
60,000 New!! For the first time since early August, the number of newly reported coronavirus infections in the United States on Thursday topped 60,000. More than 36,000 people are hospitalized nationally with covid-19,
https://apple.news/AEmKPxIPfRf6-VJ2UBOKm3Q
Hope you all are getting your tickets to the show. ABMC will rise
Things should intensify pretty quickly however with CODXs test launching this month and ABMC filling back orders and current sales for the antibody test. Revenues should be up huge this year already and in the several months to come since we all know Covid isn’t going anywhere. The molecular test we will be providing is a game changer for revenues since that’s the #1 item needed. Hate or or not But Melissa has positioned this company for future success and Huge revenues to come. Over 20 states broke their 7 day average for positive Covid results this week and winter coming and people hitting indoors. This is a smart investment from the teens you really can’t go wrong with what’s coming.
You’re an idiot and totally clueless
Those sales would have materialized in Quarter 3 just FYI. The shipping issues from China were rectified with about 30 days to go in quarter 2 but then you have to ship from China to NY pass quality control then to Miami and then Allgenericos ships from there, then not to mention ABMC doesn’t book those sales until customer has received product and all funds collected after that. GAAP reporting.
There’s a good chance there were orders canceled and or never filled due to the logistics issue but quarter 3 should be a great inside look. With Covid ramping up again and ABMC offering dual tests now should propel ABMC to new highs. This is a steal in the teens
Patience here. With Covid ABMC will be over a 1.00 by end of year
New cases of COVID-19 in the United States hit a two-month high on Friday with over 58,000 infections of the new coronavirus reported and hospitalizations in the Midwest at record levels for a fifth day in a row
- https://www.investing.com/news/coronavirus/us-covid19-cases-hit-twomonth-high-10-states-report-record-increases-2321083
5M a quarter is actually more touchable as long as Covid testing is still around
US sees highest number of new coronavirus cases since August
https://apple.news/AHNzl0hnrQuanaQpKTupNGA
Hope you all are loading up
CODX test launching in early October so any updates from CODX should propel us higher. I know some of you may not care for Melissa but no dilution here and have partnered with Healgen and their #1 antibody test and then now partnered with CODX for their 2 hour COVID test. We offer it all and have relationships for 34 years. Small float wowza
I would have to agree with you, I sold a bunch on the last run but held some and went a little in the red but added quite a bit in the last 4 days knowing that Covid was ramping up again and ABMCs issues were behind them as far as shipping logistics and reporting due to Covid. ABMCs regular business picked up two new distributors and has seen a lot of uptick Melissa said. I reckon ABMC will have amazing 3 and 4 quarter results. Going up a lot from here. I assume 12-15M in revs this year alone and ABMC should have no debt left and a tiny Float. Best OTC play
ABMC partners with CODX today for their Covid 2 hour test and ABMC already partnered with Healgen on their top antibody Test. Strong move coming
KINDERHOOK, NY / ACCESSWIRE / October 7, 2020 / American Bio Medica Corporation (OTC PINK:ABMC) today announced they have signed a distribution agreement with Co-Diagnostics, Inc. (CODX) granting ABMC the right to market and sell the Logix Smart Covid-19 tests in the United States on a non-exclusive basis. The test operates using a single step RT-PCR process in lower respiratory tract fluid samples such as bronchoalveolar lavage, sputum, tracheal aspirate, and upper respiratory tract fluid samples, such as nasopharyngeal and oropharyngeal swabs, obtained from patients who present with signs and symptoms for Covid-19, with easy-to-interpret results in under two hours. ABMC will market the Covid-19 diagnostic test only to clinical laboratories certified under Clinical Laboratory Improvement Amendments (CLIA), and in accordance with the Emergency Use Authorization issued to Co-Diagnostics, Inc. by the U.S. Food and Drug Administration on April 3, 2020.
ABMC KINDERHOOK, NY / ACCESSWIRE / October 7, 2020 / American Bio Medica Corporation (OTC PINK:ABMC) today announced they have signed a distribution agreement with Co-Diagnostics, Inc. (CODX) granting ABMC the right to market and sell the Logix Smart Covid-19 tests in the United States on a non-exclusive basis. The test operates using a single step RT-PCR process in lower respiratory tract fluid samples such as bronchoalveolar lavage, sputum, tracheal aspirate, and upper respiratory tract fluid samples, such as nasopharyngeal and oropharyngeal swabs, obtained from patients who present with signs and symptoms for Covid-19, with easy-to-interpret results in under two hours. ABMC will market the Covid-19 diagnostic test only to clinical laboratories certified under Clinical Laboratory Improvement Amendments (CLIA), and in accordance with the Emergency Use Authorization issued to Co-Diagnostics, Inc. by the U.S. Food and Drug Administration on April 3, 2020.
ABMC stock price was ahead of itself but now has corrected and in my opinion has rebounded with a lot of incentives short term! Next week we see the teens disappearing
Oh okay jackass
Back IN ABMC and will add more cuz of this
https://apple.news/AJ-P_5PdTRHC4EXUhPqX4CQ
I’m excited we hit these low of levels today :) thank you
I put in an order at .0045 and got filled at 0039, just saying
Try .0045 that worked for .0039
CDC director says coronavirus vaccine won’t be widely available until late 2021 https://apple.news/AvAkXdnm5Q2OsDdsp8nNXZw
Y’all are in early! Mucho Revenues to come
Hopefully the pumpers get back in.
They can’t give guidance on a pandemic they have no idea what’s to come?? No company can that’s why they get suspended by the SEC
Great study on antibodies and another reason to get an antibody test https://apple.news/A-0wkJFzzRvC9zwTastLHew
She actually confirmed via 8K the problems were fixed which is much better than an email. SEC document
You sure are chasing this board and making lots of appearances tho mmmmm
People will be chasing this back over .40 soon
Time to move up! Revenues going significantly up and auditors just about done. Going to see more people getting back in imo
Big for antibody testing
https://apple.news/AJyAbt88YQZ-p1oJtbxNZhQ
Not trying to argue but I’m 100% positive you aren’t acclimated with the drug testing business so it’s a bit diff than most business models. Either way I agree with your points about sales and marketing
Why would you boast about something you couldn’t get? There was an issue that’s been resolved. ABMC will have pretty huge revenues in the months to come, doesn’t take much DD to see that. They can finally move forward and she even said business has really picked up.
Riddle me this! Everyone knows how conservative she is and won’t say anything so if she’s saying this for the last 6 months of the year there’s something bigger going on!
Waterhouse continued, “We started generating sales of the rapid antibody test in May 2020. Since our last press release update on June 26, 2020, we have continued to sell the rapid Covid-19 antibody tests. Although market demand for antibody testing can fluctuate as infection surges occur (due to the higher demand for diagnostic testing), we are still recording sales. These sales are for now offsetting our drug testing declines. We believe there is an opportunity for Covid-19-related sales to contribute significantly to our 2020 financial results.”
Due to specific regulatory events that occurred from March 2020 until May 2020, we did not record any sales of Covid-19 tests, although we did take pre-orders (with payments) for Covid-19 tests.
The First Quarter 2020 did not include any revenues from the sale of Covid-19 rapid antibody tests. Although we were able to generate prepaid, pre-sales of the Covid-19 tests late in the First Quarter 2020, we did not start shipping products and generate revenue until May 2020. Prior to May 2020, there were a number of regulatory events that resulted in an inability to get the supply of products from the manufacturing plant in China. Once those events were addressed, we were able to receive product and ship orders to customers. As of the date of this report, we have shipped $1,126,000 in products to customers and there are additional orders pending from customers.
She said significantly impact the rest of 2020 after they booked 1.1M in short term. She knows
Riddle me this! Everyone knows how conservative she is and won’t say anything so if she’s saying this for the last 6 months of the year there’s something bigger going on!
Waterhouse continued, “We started generating sales of the rapid antibody test in May 2020. Since our last press release update on June 26, 2020, we have continued to sell the rapid Covid-19 antibody tests. Although market demand for antibody testing can fluctuate as infection surges occur (due to the higher demand for diagnostic testing), we are still recording sales. These sales are for now offsetting our drug testing declines. We believe there is an opportunity for Covid-19-related sales to contribute significantly to our 2020 financial results.”
Due to specific regulatory events that occurred from March 2020 until May 2020, we did not record any sales of Covid-19 tests, although we did take pre-orders (with payments) for Covid-19 tests.
The First Quarter 2020 did not include any revenues from the sale of Covid-19 rapid antibody tests. Although we were able to generate prepaid, pre-sales of the Covid-19 tests late in the First Quarter 2020, we did not start shipping products and generate revenue until May 2020. Prior to May 2020, there were a number of regulatory events that resulted in an inability to get the supply of products from the manufacturing plant in China. Once those events were addressed, we were able to receive product and ship orders to customers. As of the date of this report, we have shipped $1,126,000 in products to customers and there are additional orders pending from customers.
She said significantly impact the rest of 2020 after they booked 1.1M in short term. She knows
It’s to sell and move on
The whole state of NY (epic center of the virus) was shut down so the SEC gave companies a pass, check the SEC PR. The company is SEC reporting and always has been (doesn’t have to be) but they have done everything they h e been able to do to catch back up and it’s well documented. The auditors are also in NY and I’m sure ABMC is not their only client but not only were they effected but it was right during tax season. ABMC has usually always been on time and they clearly state they expect to not be late after this filing. They put an 8K staying they began to work on this quarterly the same day they filed quarter one so I believe her when she says the company is doing everything they can to go above and beyond of being compliant with the SEC and I truly believe her because their past doesn’t suggest they are debunk or usually late. We are invested in a Covid stock and they were in the epic center of it all so I would think we would all understand and believe the company. Late filing already baked in the share price. Company is doing great she said and thriving so I will continue to believe in the DD presented. We are through the worst of it and Covid still going stronger than ever with lots of Positive reports about immunity if you’ve had it. Antibody testing is here to stay and Healgen has the #1 serology test and fda approved
Bill Cassidy our Louisiana senate ordering piece tests positive for Covid. Let the tests be ordered
https://www.investing.com/news/coronavirus/senator-cassidy-tests-positive-for-covid19-2272475
Very true I don’t even read the messages anymore, I skim by all of them without clicking on each one to see if there’s any DD or substance and there is 0 of it. I’m holding and did add in the 20’s and low 30’s multiple times and will hold now for what’s been coming since March. Covid isn’t going anywhere, most states are mandating masks until at least end of the year and winter is coming with waves of Covid coming back to many states and countries again. ABMC said it is also working on some things and have added other disease products. It’s a hold for now
Before the run Melissa was the worst ceo ever and when the stock ran she got praise and it paused but now she’s the worst ceo again. I have my thoughts about her but no reason to bash on a message board. The company hasn’t changed its way due to Covid and they won’t start now which in most non OTC ways it’s rather good. Company is filling back orders and still selling all products again especially the rapid test since the logistics and shipping issues have been handled. Company knows an update is long overdue and it’s coming