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: richard j. alt who wrote (24)	7/16/1996 7:44:00 PM
From: tao sun	of 43

Rich, I would like to think that the stock may see below $4 before running up. Look at this company, it has no earning right now, and only had a small contract and some potential distributors. Before the story really breaks out, it needs more contract to move it up. I have talked to Steve at OTC and was told that the projected revenue is $9 mill, but he did not have a number for the profit. So lets presume $2 mill, with 11 mill outstanding, we have a 18 cent/share eaning. As you can see I cannot figure out how SGA got a number at $40 for this company even with a p/e = 200. One more thing I found out today was that ABMC is going to do a private placement internally to get some cash for its product promotion, which should solve the cash flow problem. I have to watch this stock a bit longer than I tought before jumping into it.

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