American Bio Medica Corp (ABMC)

[OPD2018]

GM ABMC, stop sign is gone and we are Pink Current. Trying to wrap my head around reports with a clear head this morning. There isn’t a whole lot to chew on with Melissa’s conservative approach.

We all were looking for guidance of rapid tests sold. There was nothing except what we already know.

-revenue was down leading up to March 31 2020 to $729 000.00. Ok we kinda expected that.

- we know they sold 1.4 million rapid tests in one month and a profit of $423,000.00

- ABMC total debt is about 1.4 million

-Supply chain is strained, but she doesn’t really tell us how strained. Very vague.

- they will be expanding sales team as needed and raising commissions for sales team members regarding rapid tests

- the next quarter is very key because rapid test numbers will be in that report. I worry about a long delay to see that report since she admits hurdles because of pandemic. While I believe the numbers will be massive we won’t get a real picture until January 2021.

The way Melissa works everything will lag 2 q’s behind.

- hopeful for some PR on sales the past few months but you know what they say......hope in one hand, shit in the other , see which one fills first.