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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)
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To: greg Benfield who wrote (2662)4/12/1999 11:55:00 AM
From: dollarone  Read Replies (1) of 2887
 
How could it come close to eliminating the money problems this company faces. Over the past several years ABMI has raised millions of dollars and they continue to face severe financial constraints. The press release said this will save them an estimated $600,000 in costs as I read the release as posted on the Internet. When they come out with their 1998 10-K (they filed a late filing notice and I haven't checked to see if its out yet) take a look at the financial statements and see if they are generating cash from operations. In my opinion that will give the shareholder an idea of what this potential savings really means, if much at all.
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