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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: Jeffrey L. Henken who wrote (918)5/30/1998 3:58:00 PM
From: dollarone  Read Replies (1) of 2887
 
I am an investor in ABMI and have been for the last several years. Upon review of the registration statement I do not think it appropriate for an accredited investor to start a post and comment as you have. I guess that's one way to keep the balloon up until you can sell your stock. This led me to review other of the Company's public documents. On March 1996 ABMI issued 500,000 shares of free-trading stock to a PR firm up front for a 2-year agreement. For what reason would a Company give up a significant stock position before specific targets have been met? The PR firm was gone before the 2 years were up and so was the stock. But not to worry ABMI has had 2 other PR firms since.
After several years of this saga and discussion via the Company's own press releases re: strategic alliances since 1996, is the old Texas saying , "All hat and no cattle" true here"?
More to come...
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