Replies to post #19432 on American Bio Medica Corp (ABMC)

[AdamS007]

$ABMC Agreed, but go by human history, 5 yrs fastest, yes, everyone is working on it, but they have absolutely no idea if its safe, gonna produce the antibodies, etc...

Now, lets follow up on that....

Even after you get the "Dream Vaccine"....what do you need to check to see if you have the antibodies...

#TESTING
#TESTING
#TESTING

$ABMC

[tedpeele]

I agree. This is a short-mid term opportunity almost for certain. It is much less certain if it is a long term opportunity.

As such, it is likely that typical metrics used for growth will be discounted -- in anticipation of an eventual return to more historical revenues and earnings.

This is why the logistics are such a concern. Here we are in August -- nearly 5 months after the first announcement of rapid testing and the company has only reported $1.126m in sales.

The price ran up in anticipation of something closer to $50m in sales -- some people anticipated much more than that, and here we are so far at about 2% of that anticipated amount in sales. VERY disapppointing progress.

The FDA emergency use was approved over 2 months ago and there is no sign of ANY usage in the state of Louisiana -- the state supposedly recommending our product over all others.

These may simply be delays that will soon be eradicated. But without clarity about WHEN larger sales are going to happen, and the window of opportunity possibly slowly closing forever -- the amount of money ABMC is going to make -- and the resultant price to match -- is also becoming more uncertain as time goes on, and may even be decreasing depending on the rate at which the test kits can be shipped.

ABMC is racing against time and so far they aren't faring very well.

This is the reality that struck the market this week. It isn't a mystery and certainy from a technical standpoint it can be considered oversold or overdue for a bounce, but from a fundamental standpoint it really is anyone's guess what the right price should be.

And unfortunately THIS doesn't help at all:

She also said that they wouldn’t PR that they’re shipping to various countries because of competitive reasons which makes no sense to me

Until we know how many test kits are on the various ships to their end destinations, this stock is in limbo. Sorry but that's really how I see things.