American Bio Medica Corp (ABMC)

[Willymon]

ABMC - CEO is on record to be conservative with announcements and press releases in the current pandemic environment.


Flush out your brains (everyone reading this) and quit expecting the usual modus operandi of the "Pink Pumping Past". Show some integrity and don't complain now and then do a 180 when it runs only to sing praises.


With the "New Sheriff" at the SEC who "shoots first and maybe asks questions later", the CEO of ABMC is correct to be ultra conservative with announcements in order to protect the stock.


Gone are the days of pumping an OTC stock with a press release just because a "dairy stock" shell corp., with a PO Box address, just got a new barn with an automated manure scraper so they could dilute into the price bump.


Yes, other companies offering Covid-19 tests have more PR's than ABMC, but many of them have gotten SEC time-outs and we don't want that here (See footnote).


This pandemic market is an anomaly nobody has experience trading in. Nobody.


Yes, ABMC is an OTC stock, but they are doing a pretty good job playing against teams in the higher NYSE and NASDAQ leagues, have some serious wins, and many more to come.


Can this underdog make it to the finals, we think so because the solutions ABMC is offering are FDA EUA approved, they have 30-yrs exp. in the testing market, 11 patents, and highly knowledgeable staff. (Review the iBox & Stickies at the top of the board).


If you're looking for a stock with a really low float (~15MM) that is trading under a dollar (Not for long) and has a target to exceed +$3-5 in the short term, then you are looking in the right place.


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FOOTNOTE:

Why the ABMC CEO is acting with prudence - Read this:

SEC Aggressively Suspends Trading Of 17 COVID-19 Solutions

Quote:
...in my 33 years of securities enforcement law practice, including almost 10 years in the SEC’s Enforcement Division, no other period or event comes to mind – not even 9/11 – when the SEC issued so many substantive trading suspensions in so many securities in such a short time-frame.



Like I said, a very different market we are in, and even more unexpected events to come that are very difficult to predict.


Stay safe.