American Bio Medica Corp (ABMC)

[Wheeljack]

Product Availability and Demand are what drive pricing.

For ABMC to double the price of these tests from $5 to $10 means that product is unable to keep up with demand, which is why they have a backlog of orders.

But what is the demand?

ABMC shipped $1,126,000 worth of product by July 31st, divide that by $5/test equals 225,200 tests (not even a 1/4 of a million).

AYTU had 1.4 million tests in their warehouse on June 1st and their share price has gone from 1.65 to 1.19 and this is a company that would be PRing the hell out of sales (not a peep).

Now Abbott has come out with their own rapid test and will be making 50 million tests per month at $5/test.

Looks like the Feds are telling the States that if you want us to pay for your tests they will be "Made in the USA" tests.