American Bio Medica Corp (ABMC)

[Willymon]

ABMC - Hostile takeover can happen in many different ways.


Since ABMC doesn't seem to have super shares in their structure, they would be an easy target to acquire control on the open market.


Stop for a minute, just stop, and imagine the market is open and you are watching the price rise fast, .50, .70, .93, 1.05, 1.41, 1.83, 2.03, 2.40, 2.77, 3.10, 3.11, 3.10...3.09.....3.05.......2.99........2.92


Where did you start selling and don't give me that holding until $10 crap.


As soon as you saw it starting to retrace, "sell" became very real in your mind and now the buyer has your shares.


Once the buyer has 51% they have control.


There are many ways this could happen and this only one simple example.


Its risky, but in a pandemic market with high unemployment, everybody wants their cash. Sellers are everywhere whether they know it or not.


I'm sure a sharp team at a high frequency trading firm could model a target price with accurate probability, and then budget for a little overage, but still get ABMC for under their estimated market value.


Otherwise, why do it.