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People not heavily invested dipping out and moving on..
Not looking good. Will be .12 or less this week without communication from company.
They need to give something.
That's the thing about a company that's been around this long and is content being OTC. They really aren't obligated to do anything. I highly doubt they're going to respond to shareholder demands. They will put out a PR when they see fit.
Look at their past history of PRs. How frequent? They have had past FDA approvals, did they put out PR's for these? What did the stock price do? Just a thought. Hopefully, they'll be kind enough to update.
If the company put out a PR stating that they were distributing an FDA-approved product with big orders, it would be huge.
if it were their products that they actually manufactured and created it would be massive. As the company stated this is a distribution deal and from what I understand distributors don't have to have a license from the FDA to distribute.
but this company being a good company with a really good track record will probably put out a PR as soon as the product they are distributing gets the thumbs up.
For some reason they don't see an upside to reporting their current sales in a PR.
That wouldn't be kosher. they are obviously crossing their t's and dotting their I's. Frustrating as that can be for shareholders.
That's what has been confusing me. That's why you need to find out for yourself. Now we know. Of course, presenting any kind of DD supporting that has gotten me one nasty private message from a user.. calling me shorty in a very descriptive way.
The typical war cry of a guy who's holding up a facade.
That is absolutely true. That's why there are so many kits available.
Of course, it's highly beneficial to have the approvals but if you were distributor it doesn't matter.
If ABMC would give information saying that they are widely distributing an approved product that would be huge.
That's the pr that I believe we are waiting for here. Hopefully that's what they're waiting for is to be able to say that out loud.
Yes.
Doesn't mean this won't do well.
It's a distribution deal.
Do you know that a distributor does not need a license with the FDA?
That's good, but I never said anything about faulty kits. there's no reason not to believe that the kit that is being advertised or 'offered' by American Bio Medica corporation is the same kit that dozens of other companies are offering.
Keyword in the pr 'offers.'
Google the eua number I provided and you will find the exact same kit. It's being offered by many companies in the United States. It started being offered at the same time the pr came out. I believe that kit is manufactured by one company and being distributed by multiple companies such as ABMC. It only makes sense.
abmc clearly says they have a distribution deal. they do not claim to be manufacturing and they do not claim to have invented this test. They, like many others are using their channels to distribute. That's why I don't necessarily expect a big PR anytime soon. if they don't even put out a PR regarding orders of 45000 kits.
I hope I'm wrong but I'd rather know the story then just go along for a ride.
See my last post. No one cares to follow up? Interesting.
EUA200056
Isn't this the exact same test that's offered on their site?
It's being distributed by multiple medical equipment/diagnostics companies. If you cut and paste the description on ABMC website, it comes up word for word on other websites that offer this kit.
Which begs the question, aren't they just distributing another manufacturers test?
Their PR does say they are 'offering' a covid-19 test. It doesn't say anything about manufacturing.
If they didn't PR the large sale to Florida, why should we expect anything else in the way of news?
There's no volume which means no great interest.
What are they chances that they, like many many other companies, are distributing a kit from a large manufacturer? In that case why would they put out any more PR's?
I'm finding that test kits of 25 to 30 units per kit go for $425 to $700 online.
Even a distribution deal with large orders brings in a lot of $$$.
also if you read the article in the paper in Florida it says that American bio medica corporation is manufacturing the test kits.
Thanks!
Then why don't we have the name of the distributor?
I like how Gavin Newsom won't tell us the name of the manufacturers in California that can make 200 million masks a month.
Soon you'll find out that those masks are being made in China.
China.. making a killing in more ways than one.
This is why you don't buy China.
I hope this whole nightmare wakes people up in the USA. We need to get on the ball and play our own game.
https://www.independent.co.uk/news/uk/home-news/uk-coronavirus-tests-symptoms-covid-19-testing-kit-a9470071.html
As I understand it these kits and the products they make aren't from China are manufactured in the USA
Yeah, right.
Please let us know the name of the manufacturer that is on the fda's list.
I don't see them on the list of manufacturers. They're not listed yet?
I'm pretty sure that list is for those that have been authorized..
That's what we're waiting on.. they submitted already.
May have been posted here already, but it gives you some good info and shows that American Bio Medica corporation is looked at in a serious manner.
Being on the same list as Quest Diagnostics is no small feat.
https://surfacingmagazine.net/specimen-validity-testing-market-size-value-and-cagr-2020-2026-by-manufacturers-labcorp-quest-diagnostics-american-bio-medica-corporation-abmc/
Would love to know where their manufacturer is..
You would think they would PR large orders or news of distribution of their product.
Do you know who their manufacturers are?
Made in the USA is the ultimate plus here, imo. As it should be.
Also, there's Abbot which will be making and shipping millions of antibody tests by Summer. The deepest pockets will get the biggest contracts..
It's definitely a big market though and American Bio Medica looks to be in a really good position right now.
That's great DD.. everyone should closely monitor that page. Soon we should see American Bio Medica on there. Cellex is a very small company.
I would think that they have a lot of connections in that industry. They have specialized in drug testing and monitoring products for many years.
Do you know how many companies have FDA approval for antibody tests already? There must be a few. If AMBC already is selling tests, how can they be used without approval? They clearly have FDA approval in past products.. hoping they will soon confirm their sales and approval..