American Bio Medica Corp (ABMC)

[Willymon]

$ABMC - Their attorney could be advising them no press release just yet.


OTC traders are use to PR and twitter bumps.


But, with the pandemic in play, its a different market, and the SEC is pouncing on COVID-19 profiteers.


$ABMC may be acting prudently while OTC investors are demanding what they are use to getting.


What do you want? PR with a SEC action and then FDA approval the next day after that. $ABMC could still sell product, but with the stock in the penalty box, what's the use?


The SEC just suspended three more yesterday, including $PR*ED.
https://www.sec.gov/litigation/suspensions.shtml


Scroll down the first ten orders. All COVID related.


Yes, $DE*CN is touting a new, unproven, testing device with PR and social media.


This is where the SEC may step in and make an example of them just so it echos thru the masses and social media.


I hope that doesn't happen, but I don't work at the SEC. And sometimes the US Govt. is a loose cannon. Watch out.


Patience is a bitch right now.


Tell me I'm wrong.