American Bio Medica Corp (ABMC)

[kfox]

Adam

I see this ALL the time on pinks. I am not a good trader but I know better and blame myself for not selling at over $1 when that’s a 550% gain. IMHO, In the pinks that’s a get out now time and I knew it. Most pinks are scams, many are start ups or tiny ideas that are overblown or pumped. In this case we should all ask ourselves how a company that’s beeN operating for 30 years and was once on Nasdaq has been languishing on the pinks for awhile.

A few weeks ago when this was still in the 90s I mentioned to someone in the field this diamond in the rough company that had the magic healgon test. He said”Sure, I know healgon. We just sold healgon tests to (some country in Africa).“ That was a V8 moment for me. The healgon test is getting to be like the Band Aid of antibody tests. Sold by many distributors as the first name in the use it serves.

I still believe because of the demand far outstripping the supply, and because of their established GSA and pre approved state accounts that the pps here will reverse to some extent on 1 million dollar sales per month but I’ve come to believe Melissa is a small time CEO running a small time company in a small town. She’s a one armed paper hanger doing a mediocre job staying just enough out of trouble to keep herself employed. Staying overly conservative with regard to the SEC is one way to do that. All that means is the reversal will not end as grandly as we hoped.

If I’m wrong it won’t be the first time.