Replies to post #22012 on American Bio Medica Corp (ABMC)

[bk1287]

Yep, thanks for the reminder. All-in-all, there should be no logistical issues.

[Patientlyimpatient]

Thanks M for the reminder

[Wheeljack]

Sorry, but she did not confirm anything about supply issues in any 8-K.

She did include this paragraph in the 10-Q on 7/31:

The First Quarter 2020 did not include any revenues from the sale of Covid-19 rapid antibody tests. Although we were able to generate prepaid, pre-sales of the Covid-19 tests late in the First Quarter 2020, we did not start shipping products and generate revenue until May 2020. Prior to May 2020, there were a number of regulatory events that resulted in an inability to get the supply of products from the manufacturing plant in China. Once those events were addressed, we were able to receive product and ship orders to customers. As of the date of this report, we have shipped $1,126,000 in products to customers and there are additional orders pending from customers.

This was the Chinese Government holding up shipment.

So we will be interested in how much more shipped sales she will show from 7/31/20 to the release of the Q2 over $1,126.000, if she gives us a YTD total.