American Bio Medica Corp (ABMC)

[meluto]

this sale got us out of a dying poor business and stopped the money drain (and the $15,000 on the CEO as a consultant for the next 3 months is probably a lot less then the loss that would have occurred during that time.)

I've not dug into the finances so I don't know if the sale left the company cash wise in a positive or a negative once all the debt was paid off. (I would not imagine much positive if there is.)

The company has value, how much I don't know. Perhaps someone might want to merge with them to become a very old company and get the tax credits. (At least someone else mentioned that to me previously that had a merger in mind)

I would hope the larger stock owners (who are down quite a decent amount of money would arrange something to happen with the company so they get their money back and aim to get a profit.)