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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?


To: advinfo who wrote (19)3/3/1998 2:53:00 PM
From: Jeffrey L. Henken  Read Replies (2) | Respond to of 2887
 
Northstar?

You know I really prefer people who post under their own names.

So first off who the heck are you?

If it was dark late at night and I was lost I might look to the Northstar for guidance. Guess what?

I'm not lost!

Correct me if I'm wrong but you don't own any ABMI anymore? You just think people will be buying too high here like you did before you sold?

Lets take your last post and look at what you had to say so I can address your points.

< ABMI is looking to establish a nationwide distribution system >

They are establishing a nationwide distribution system. CE Mark approval will come soon and that will further their efforts in Europe as well.

Jeff,

Did you ask Steve Rash(the turnaround specialist<g>) why they
lost the government contract last year? That's pretty disturbing
when even the government isn't satisfied.


Yesterday's news Northstar, and maybe one good reason why the stock is not selling at $2 still.

Does their patent cover the use of silicon in catheters
or was it just a particular design(ie. balloon) that was patented?
Let's hope silicon is locked up, I would hate to think it's
still anyones ballgame. Lots of big, deep, well-connected
pockets out there.


Some of those deep pockets just might rather buy this technology than try to fight patent disputes. ABMI is actively pursuing developmental partnerships for their exciting new products. True many of these are still awaiting FDA approval but that does not make them unattractive to a company with deep pockets. The reverse is very likely to be more likely!

Out of 25 patents, how many have been developed into marketable,
revenue generating products? My guess is not many due to revenue
only being a little over 100k last quarter, that's spooky !!!

NorthStar


Yesterday's news again. As I have already explained products currently being shipped are bringing in revenues when they are shipped!

I don't expect a profit when earnings are reported at the end of the month. What I expect is progress towards profitability.

I bet we see that!

Regards, Jeff