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Interesting connection: Valiant Co Ltd $16.237 BILLION Market cap company
MP Biomedicals owns 13% or 4.7 mil shares of $ABMC
https://www.otcmarkets.com/filing/html?id=14287313&guid=5sFFUHVJ3H_cg3h
MP Biomedicals is a wholly-owned subsidiary of Valiant Co., Ltd.
https://www.mpbio.com/about-us
Valiant Co., Ltd. has 3,250 total employees across all of its locations and generates $413.44 million in sales (USD). There are 19 companies in the Valiant Co., Ltd. corporate family.
http://www.valiant-cn.com/about.aspx
Public listing:
https://sg.finance.yahoo.com/quote/002643.SZ/
Important connection or...?
What if $ABMC could manufacture this test from MP Biomedicals, the company that owns over 13% of ABMC
Nice find Btown
This is a nicely written article from another company, like $ABMC, that takes their role in the world of medicine to heart.
An important quote.
We are not the first one in the market but chasing the best performance is always our primary goal.
https://www.news-medical.net/news/20200725/MP-Biomedicals-and-ASTAR-jointly-develop-rapid-antibody-test-kit-for-COVID-19.aspx
My response is quoted from the 10 K/A. I do not understand what you mean "from someone's guess"?
To be clear I am not an accountant and do not want to mislead anyone buy I lean towards conservative when running numbers even at 2:00 in the morning.
This is directly from the Form 10 K/A
Jean Neff holds 186,226(3)
(3) Includes 66,226 shares issued to Jean Neff in connection with her attendance at meetings of our Board of Directors in the year ended December 31, 2019
and meetings of our Board of Directors (as of the date of this report) held in the year ending December 31, 2020, as well as 120,000 common shares subject to stock options exercisable within 60 days of July 24, 2020.
She received 66,226 shares for 2019
It does not say optionable shares she can buy in 60 days but she already holds the 120,000 optionable shares.
The following table sets forth, as of July 24, 2020, the beneficial ownership of the Company's common shares by (i) each director, (ii) each nominee for director, (iii) the Named Executive Officer, (iv) all directors and executive officers of the Company as a group, and (v) each shareholder, known to management of the Company, to beneficially own more than five percent (5%) of the outstanding common shares.
Exercising options is the decision to purchase shares at the price the options are available for. Not for a time limit to sell them.
I read somewhere that exercised shares have to be held for a certain period of time, perhaps 60 days, before they can be sold.
My impression is that management is taking advantage of every option available to them, and is the major reason the 10 K/A had to be filed.
This is a good thing because the float has been greatly reduced.
It is also the reason the Q's are delayed.
I manually went through all Form-4's on the SEC website for $ABMC for the last 4-5 years.
@tedpeele, you asked a good question. To bad you deleted the post.
Here is a good example of the 10K/A
Jean Neff holds 186,226(3)
(3) Includes 66,226 shares issued to Jean Neff in connection with her attendance at meetings of our Board of Directors in the year ended December 31, 2019 and meetings of our Board of Directors (as of the date of this report) held in the year ending December 31, 2020, as well as 120,000 common shares subject to stock options exercisable within 60 days of July 24, 2020.
She received 66,226 shares for 2019
She also exercised her option to purchase 120,000 shares in 2020.
Option prices were determined:
4)The aggregate grant date fair value of an option to purchase 20,000 common shares, computed in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 718 was $0.0582, and the value of the options totaled $1,165. The fair value of the stock option grant issued was estimated utilizing the Black-Scholes option-pricing model using the following weighted average assumptions: dividend yield of 0%; risk-free interest rate of 2.01%; expected life of 10 years; and stock price volatility of 84.7%.
From the post I did back in mid July, I pulled this info from SEC documents filed as S-4's
$ABMC shares recorded with SEC
Stuart Sternberg Amount beneficially owned: 2,428,671 shares Percent of class: 7.4% of 32,680,984 outstanding shares reported September 30, 2019
John J. Moroney Amount beneficially owned: 2,481,608 Percent of class: 7.6% 4/27/2020
John J. Moroney Amount beneficially owned: 3,457,011 Percent of class: 11.4% 10/24/2016
MP Biomedicals LLC Amount beneficially owned: 4,738,601 shares Percent of class: 18.2% ownership of ABMC 03/03/2016
Davis Chaim Buy 528,571 03/02/2020
Davis Chaim Buy 500,000 01/23/2019
Misc Directors 366,100
You are correct that some shares have been issued.
The main idea of my post as stated: Insider Shares owned increased by 5,780,084 to 61%.
It does show that the vast majority of shares were purchased and that you can even consider that the issued shares are for earned compensation. I do not believe $ABMC gives them as bonuses.
Do you think I should word the post differently if it gets re posted in the future.
Corrected the OS to 35,953,476.
A well balanced article on COVID-19, what it is, how it is spread and how differing tests work.
Harvard Medical School
https://www.health.harvard.edu/diseases-and-conditions/if-youve-been-exposed-to-the-coronavirus
No selling and insiders are buying! $ABMC Float reduced to 15,572,830 shares or 31% of OS
Insider Shares owned increased by 5,780,084 to 61% from my previous post
Authorized Shares 50,000,000 as of May 12, 2020
Outstanding shares 35,953,476 recorded with the SEC as of July 24, 2020
................................Shares Owned....Percent of Outsdanding
Chaim Davis......................3,309,047.......9.18%
Melissa A. Waterhouse......1,250,000.......3.36%
Jean Neff...........................186,226..........0.005%
Peter Jerome....................120,610...........0.003%
Directors and Executive Officers
as a group (5 persons)........4,865,883.......12.99%
MP Biomedicals LLC..........4,738,601.......13.18 %
John J. Moroney.................2,481,608........6.9%
Stuart Sternberg.................2,428,671........6.76%
Totals held by Insiders........19,380,646......52%
Unofficial shares held by
private investors.................5,000,000
Total shares held tightly......24,380,646......61%
Float................................15,572,830......39%
Insider Shares owned increased by 5,780,084 from my previous post
Outstanding shares increased 4,106,383 shares since the May 12 filing
Info from form 10 K/A filed July 24, 2020
Info from form 10 K/A filed July 24, 2020
@one11, our current price action is more clear when taking into consideration that volume for $ABMC has been in decline since March, even with the run to $1.20. The chart is extremely clear on this and is a very interesting consideration that I brought to this boards attention. I should not have overlooked this earlier.
This volume action is extremely atypical, especially with the nice run we had to $1.20 and is a pleasant surprise. So we had a wonderful move up, but the statement "plenty of volume" as far as buying from the general public is concerned has been non existent.
If we had increasing volume we could extrapolate that share price would be $2.00+ by now with consolidation in the 10-20% range.
I am in since .16 and added up to this range. I am grateful that I am positive on each price level I added and am quite pleased with my position. Paper loss (1.20 to .70) is never nice to give up, but in a month or less that will be recovered plus more, and that is why we are all here on this great DD board for $ABMC.
I do not understand any of the questions you asked because I am generally in agreement with you, but you seem to be trying to be antagonistic or make a point that I do not understand.
I reviewed what I wrote and do not see that I posted anything negative.
@Boersi, I believe you are incorrect. The Directors and Executive Officers as a group (5 persons) are not named individually because each holds below 5% of the outstanding common shares. However, the company knows as a group and being officers, that their holdings are of significance to this filing.
I counted shares of each of the individual holders of stock mentioned in the tables and group is independent of them.
$ABMC Float reduced to 15,572,830 shares or 31% of OS
Insider Shares owned increased by 5,780,084 to 61% from my previous post
Authorized Shares 50,000,000 as of May 12, 2020
Outstanding shares 39,953,476 recorded with the SEC as of July 24, 2020
................................Shares Owned....Percent of Outsdanding
Chaim Davis.....................3,309,047.......9.18%
Melissa A. Waterhouse...........1,250,000.......3.36%
Jean Neff.......................186,226.........0.005%
Peter Jerome....................120,610.........0.003%
Directors and Executive Officers
as a group (5 persons).........4,865,883.......12.99%
MP Biomedicals LLC..............4,738,601.......13.18 %
John J. Moroney.................2,481,608.......6.9%
Stuart Sternberg................2,428,671.......6.76%
Totals held by Insiders........19,380,646......52%
Unofficial shares held by
private investors...............5,000,000
Total shares held tightly.......24,380,646......61%
Float...........................15,572,830......39%
Insider Shares owned increased by 5,780,084 from my previous post
Outstanding shares increased 4,106,383 shares since the May 12 filing
Info from form 10 K/A filed July 24, 2020
Info from form 10 K/A filed July 24, 2020
So one11, ask yourself, where are the new buyers as verifiable fundamentals come to light and stock price increases several hundred percent.
No volume = lack of interest = no new buyers
Are you saying that all new buyers made a conscious decision to wait for the first week of September to buy and they will automatically pile on then?
This lack of volume/new buyers is our walk down from $1.20
I attached the evidence that $ABMC is not yet known outside of the insiders and the few on this board. PR's will definitely change this and with more of the float being held than two weeks ago, we can make really huge runs.
I find it odd that when I mention a terrific ticker like $ABMC that few take the effort to really look into the fundamentals of this company. It will be up to the company to get the promotion started. Trading will become more volatile when the move to $5.00 begins.
Our largest volume was March 23 and we have had lower highs since. A clear sign that we were doing all the buying, and with lack of volume the MM's took control.
Our largest volume was March 23 and we have had lower highs since.
I attached the evidence that $ABMC is not yet known outside of the insiders and the few on this board. PR's will definitely change this and with more of the float being held than two weeks ago, we can make really huge runs.
I find it odd that when I mention a terrific ticker like $ABMC that few take the effort to really look into the fundamentals of this company. It will be up to the company to get the promotion started. Trading will become more volatile when the move to $5.00 begins.
Our largest volume was March 23 and we have had lower highs since. A clear sign that we were doing all the buying, and with lack of volume the MM's took control.
I attached the evidence that $ABMC is not yet known outside of the insiders and the few on this board. PR's will definitely change this and with more of the float being held than two weeks ago, we can make really huge runs.
I find it odd that when I mention a terrific ticker like $ABMC that few take the effort to really look into the fundamentals of this company. It will be up to the company to get the promotion started. Trading will become more volatile when the move to $5.00 begins.
Our largest volume was March 23 and we have had lower highs since.
I am having difficulty embedding the image, so here is the link until I learn how it is done.
https://drive.google.com/file/d/1nLgSTDb4srOKhlzdnIJO6bh2CKVNniY6/view?usp=sharing
Correct, they both are about $6.95 per order. Perhaps with the Charles Schwab purchase of TDAmeritrade free OTC pricing will come along too.
ThinkorSwim and Etrade also trade all pinks along with Schwab.
Started off my day with a good laugh
"I just hope it wasn't Melissa on the mower! "
I sense peace on the board tonight and good will even to spammers.
Ooops, I was not clear.
I did not believe OTCX was under ARCA, only that they have a reputation, right or wrong for working with shorters.
I would still like to compare my L2 with others, even if ARCA is not displayed to learn why some platforms display ARCA and some do not.
My interest is in OTCX known for shorting OTC stocks.
I think ARCA is a catch all for your L2 whereas it displays on my L2 as the individual MM firms.
I have learned that OTCX is not a true MM in the from we are familiar with.
OTCX is an independently owned, broker neutral and multi-dealer Request for Quote (RFQ) platform. The platform provides a MiFID II best-execution solution for off-venue derivatives with extensive coverage for OTC Interest Rate and Equity Derivatives.
Thanks, I did a detailed post on ARCA a few days ago. It has never displayed on my level 2
Well written synopsis of what $PURE can do.
It will nice to see share price step back up to $2.00 and consolidate there again before it's next leg up.
Yes, SDC licensed to a pharma would be huge. I have never found any link to any current testing at this time.
It is the citrate base that makes the silver in SDC unique and have not read of any other forms that allow it to work as well.
As you know, the market outside of antibiotics is so important at this time. It is difficult to keep up with manufacturing as it is, production has at least doubled to date.
My comment on the lack of PR and marketing etc. was in reply to the specific question on why there is no shareholder interest. It definitely is the reason the stock price has dropped to such lows. We know the company is having record revenues on a needed product.
No PR = no shareholder interest = lower share prices as buyers move on to the hundreds of other COVID running stocks making 20-70% per day.
So keep a solid foundational holding here and be prepared for the next move up.
I have the 50 Day EMA .725 on my daily chart
This dip is not a total surprise. Gap fill at $.636 and this move down on low volume will all be over soon.
The positive is the drop is on low volume. If it were on high volume, selling would be intentional due to a fundamental problem. Low volume is just from lack of interest.
Post # of 16426
Technically, we blew through the $.80's which may be the problem, We should have walked up through it.
But support is here at .86 but does not look strong.
With no volume we have the gap fill at .63 which I never brought up because it did not seem possible. Well now it seems possible, but only if volume does not come in. It would be on action like we had today, perhaps a market sell or two and then a sweep down for stop orders and back up again.
I do not believe $PURE as a company is on top of PR, marketing or sales. This run to $2.00 was on an expected great "Subsequent Events" announcement, which we received. They also announced very excellent partnerships with PSSI and Whiting Systems that are leaders in their fields of maintenance and sanitation.
So the product really is excellent, safe and best in class.
Large investors have been signing in, sales will be increasing quarter by quarter, and I expect new partnerships will be announced.
COVID-19, as unfortunate as it is, saved this company, so lets see if they can turn themselves around.
Can't disagree with a single word.
This is a word of warning for the newbies that will get hit with reality when that time comes. I received the same life lesson after the internet craze and will never forget.
The same goes here. $PURE was a struggling company before COVID. Let's see if they can remake themselves, but in spite of themselves we have a real winner as long as they perform.
Another sober and balanced comment @tedpeele.
Good article. It is interesting how after hundreds of years, silver is still a mystery.
And since $PURE has gone dark, it is a mystery also. ;-]
Adam, I am just feeling for the inexperienced, smaller traders who are doing their best and getting sandblasted in exchange.
My most positive words. This company will do great, very great, in spite of itself.
$ABMC is in business 34 years
Sales are record breaking
The company is now very profitable
Huge investors know something more is coming
COVID-19 unfortunately is not going away
Technically, we blew through the $.80's which may be the problem, We should have walked up through it.
But support is here at .86 but does not look strong.
With no volume we have the gap fill at .63 which I never brought up because it did not seem possible. Well now it seems possible, but only if volume does not come in. It would be on action like we had today, perhaps a market sell or two and then a sweep down for stop orders and back up again.
In all honesty at this stage of the game, $ABMC should be trading at $2.00.
I have one other COVID-19 company that took all my attention a month ago, perfect chart, really perfect where you could sense every move coming.
It had a strong team DD, walked up to $2.00+ but now is also left languishing. $2.00 was the target, hit, now that management is also lost on what to do.
Good post @tedpeele
By the way, we are only 75% of daily volume at a time when:
A filing that will bring us current will be released
When we are showing profitability
A very expected Subsequent Events announcement should be released.
Lack of volume = lack of interest = lack of management.
Again, all of this is positive for the company, which is doing FANTASTIC. but I have to let it out somewhere.
When I joined the team, this exact conversation was going on hot and heavy, but I toned things down, and of course rising share price did the rest.
However, now I see what the longs saw and I missed at the time, so I am joining you on this.
Board meeting is not soon enough, so we just have to ride with the flow of what product does in spite of management.
Agreed Btown
You and I are the only technical traders that post. A week ago $ABMC was the ultimate chart. Today, I am not as positive as you concerning this trend. Ultimately it will reverse to the upside, perhaps even within the day and is the reason I am here, but management is being unfair to the little man which is what bothers me.
The float is so thin Market Makers are just playing with us. There may be selling, there definitely is manipulation, both of which can easily be controlled.
We are in the sixth day of a squeeze/consolidation which I think is great.
However we pierced the downside of one standard deviation on my TTM_Squeeze and this should not happen on tickers I am so positive with. (Meaning I am trading on expected fundamentals or I would have ran already)
I am not into geek speak, but we lost the floor of support without the typical bounce, due to lack of volume.
We also broke outside of the last pennant on the wrong side due to lack of volume.
And there is just the lack of volume, our entire issue.
Management dragging this thing out is not hurting the $ABMC longs which haven't lost a penny because they have not sold. It hurt those that need their cash at end of month or made the decision for other to move into the hundreds of stocks that are up 20-75% today, leaving them frustrated.
We should not expect share prices to move up day by day forever. But a 35% pullback below support is neglect.