American Bio Medica Corp (ABMC)

[geocam]

$ABMC AMERICAN BIO MEDICA CORPORATION has issued proxy materials for its 2020 Annual Meeting of shareholders.
https://abmc.com/investor/proxy2020/

Much better than most OTC stocks that I have held. Pennies usually don't have shareholders vote because they are so diluted they have no voting percentage that matters.

The share structure is a saving grace for this ticker:
https://www.otcmarkets.com/stock/ABMC/security

14M held by insiders that have to file s-4 in order to sell.

35M OS - 14M held = 21M retail shares.

39.83% Held by insiders.

RE: ABMC Proxy Statement (definitive) (def 14a)

35,953,476 Outstanding Shares X 39.83% = 14,320,269

35,953,476
-14,320,269
21,633,206

https://ih.advfn.com/stock-market/USOTC/american-bio-medica-pk-ABMC/stock-news/83533939/proxy-statement-definitive-def-14a

https://abmc.com/investor/proxy2020/

Meeting Date: December 18, 2020

Record Date: October 26, 2020

Only two proposals:
https://ih.advfn.com/stock-market/USOTC/american-bio-medica-pk-ABMC/stock-news/83555261/additional-proxy-soliciting-materials-definitive-d

At our 2020 Annual Meeting, we will ask you to:

1. Elect One (1) “Class II” director for a three (3) year term commencing upon her election and until her successor shall be elected and duly qualified (the terms of office of the other directors do not expire until 2021 or 2022). The following directors are being nominated:

Jean Neff


2. Ratify the selection by the Company’s Audit Committee of UHY, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2020.