American Bio Medica Corp (ABMC)

[Btown]

Basically the investor bought in at the floor price now. If the share price keeps going down they lose money and ABMC would not choose to sell them the shares. IMO ABMC has something coming especially with their oral testing and they needs funds to act on it. They can manufacture out of their FDA approved facilities so I really think this is all coordinated.

The Company intends to use proceeds from sales under the purchase agreement for working capital and to support growth initiatives. Specific growth initiative may include, but not be limited to, strengthening the Company's sales and marketing division, increasing its contract manufacturing activities and introducing its oral fluid drug testing platform to the market. The Company may also pay down debt to decrease interest costs.