American Bio Medica Corp (ABMC)

[Btown]

Melissa said in an email that’s posted on this board that ABMC follows the rules of GAAP which are accounting rules where revenue is booked after receiving payment! ABMC asks for half payment up front the rest once the kits are delivered. The kits take 2-3 weeks for delivery which is posted on the web from ABMC directly and indirectly! They just announced they were offering the antibody kits end of March and then right after that China put a hold on all outgoing testing devices until they were cleared which took over 3 weeks. In that short amount of time they fully delivered and realized over 1M in sales for GAAP this is very very good news and this is blowing up the companies sales and revenues! We all know the financials for 2019 and 1st quarter before Covid started. We all are here for future revenues in what’s going on. This is going much much higher. 43% Margins in that short amount of time. The two distributors in Ecuador are barely just getting all their kits delivered and the Covid is just getting over there and exploding! Our distributors alone have claimed over 10 Million in orders! And this is all before we got FDA approval. This is huge ignore 2019 and the first months of 2020