American Bio Medica Corp (ABMC)

[The Rainbow]

No one can disagree with you. The companies actions and lack of action is enough evidence.

Before the pandemic, the historical decline of sales of the foundation products should have forced them to diversify. Lateral movement into a dead market is still a dead market.

COVID-19 was a lifeline. Diversification into PPE products would have added millions in sales. Clients, warehousing, shipping was already available.

Lack of share price support is a red flag.

A board of directors that was excavated from the pyramids of Egypt is a red flag.

A CEO that holds every available title in a publicly traded company is a red flag.

Yet, the company seems to have a morality that is lacking in many companies, either publicly or privately held. But this does no one any good if it is never displayed. It's like being a dragon slayer, but watching all the villagers being pillaged. Is this a sign of fear, ineptitude or ignorance. I don't think a single shareholder here really knows.

No wonder we are all frustrated. So much potential gone to waste.

rain