American Bio Medica Corp (ABMC)

[Btown]

It was all done on hype and lies! A 3rd party company on Twitter claimed they sold over 10 million healgen tests to different countries on their Twitter account then the pumpers claimed MLB was using ABMCs test through The Tampa Bay Rays owner. Then when sales came out ABMC fell on its face and still not one update on sales not one. Melissa said sales were robust and it will significantly add to the revenues in 2020 but all it did was add about 1M in sales which Besides the PPE loan form the govt it kept ABMC afloat. Need some major sales news cuz honestly there’s so many rapid tests out there to choose from. ABMC also only has two contracts right now for their regular drug testing and that is over half of their yearly income so if they lose those ABMC will be sunk and will need to dilute more. Melissa needs to learn how to keep investors informed so the share price can rise so they can fund the company with less shares. Not trying to be negative but it’s the reality of where we’re at. ABMC would be toast right now if they weren’t offering the Covid tests cuz their business has significantly dropped and without the PPE loan they would have negative funds. Chaim Davis leaving is def a bad sign as well since he was the one lending ABMC the money and him leaving doesn’t point to good terms with him and the company. I’ve sold half my shares and hoping for the best but if ABMC doesn’t do something fast then the quarterly is shot. We already know the 4th quarter didn’t do anything since they need for Antibody test wasn’t there and CODX tests weren’t added until
Mid December and there was even a hold up with those tests as well.