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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)
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To: greg Benfield who wrote (2191)11/24/1998 5:43:00 PM
From: greg Benfield  Read Replies (2) of 2887
 
To those of you who think ABMI is now under a financial crunch beyond their means. Then think again. If you follow all the way back to last years 10-q..they barely had working capital. Rash raised the money to keep the company afloat. Why do you think he was able to persuade private placement investors such as Brenda Greer, and Jeff...because the story of ABMI is a good one. The bottom line the losses per quarter do not mean as much as the valuations of their products and their ability to bring them to market.
If what Bockler has to say is correct (i.e. possible sale of patents to strategic partner) then we should see what our patents are worth. By that we can judge if the core technology is correct.
Remember people that this analyst (Stuart Bockler) went on a National station and talked about ABMI. ANd mentioned them in the same breath as JNJ. Jeff is an internet being...for that matter so am I...but this person went on National TV and put his reputation on the line for this little piss ant company. WHY? WHY? Because of potential.
In a perfect world, Summers would not have screwed up so much. In a perfect world ABMI, ABMI's value would not be so low. I say now is the time to do the opposite of what you think is right. Buy..not sell...if you believe in the story...then trust your instincts. I cannot guarantee that it will go up. I can guarantee that I think it will go up.
The financials suck...but the future looks bright.

Good Luck All.

Greg
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