American Bio Medica Corp (ABMC)

[Btown]

Thank you for your expertise on the accounting matter since I’m sure 99% of us aren’t accountants and most don’t truly understand with what you just layer out in front of us which takes a lot longer to be able to record revenues then you throw in The preorders and waiting then receiving the product, repackaging them and then sending them out to their customers all of this took place with a month long delay from China holding exports out not to mention the product then has to clear customs not only once in China but also in the USA. That is quite the process to realize recorded revenue (GAAP). I’ve taken the time to read the last 8 years of filings before I fully jumped in with as many shares as I have and to have almost $500,000 net profit in such a short period of time when the company had a net loss of of $600,000 in all of 2019 with their current business model is very remarkable and I can’t imagine the feeling ABMC management has right now knowing their company is going to not only make it through Covid they’re going to turn their ship around to heights they’ve never dreamed of. Hence the Stuart the owner of the Rays jumping on board a little OTC stock when he was a partner at Goldman Sachs, that chit doesn’t happen!