ABMC (American Bio Medica) Up 58% today Message Board

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Microcap & Penny Stocks : ABMC (American Bio Medica) Up 58% today

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To: tao sun who wrote (18)	7/15/1996 8:19:00 PM
From: tao sun	of 43

The stock took hit with the whole market, and should correct more if the trend follows where maybe a chance to pick up some shares if you like this company. I received the investor's package today, and here are some info from that. There are 11 mill share oustanding with 3.9 mill public flow. The company has been authorized 30 mill common stocks, but did not issue that much because of the cancellation of some attempted acquisitions. Currently there are 9 M&Ms in making ABMC. The nearest competitor to AMBC's new drug screen is the one made by Roche which costs $20-24 compared to $10-15. In this regard, ABMC has a huge price advantage. Besides the rapic drug screen kit, ABMC is going to market a one-step Alcohol/Saliva Test earch next year. The screening kit will be produced by other companies, and will then been distributed by other retailors. In this way the company can concentrate on marketing, sales and new product development. In the balance sheet, I did not see much of cash but did see some liabilities. In the last two quarters (if I remembered correctly) it lost 3 cent/share. Do you dd before throwing in your hard earn money.

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