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

To: Jeffrey L. Henken who wrote (407)	4/1/1998 12:21:00 PM
From: Russel W. Kennel	Read Replies (1) \| Respond to of 2887

Thanks for your and others' replies. I guess it's a question as to how long is this long shot. When I began investing in ABMI 18 months ago, the bet was that it would be $7 about now based on buyout values etc. Revenues at this point are almost meaningless, so the bet is that with OEM they may skyrocket, or, they may not. And, it certainly does appear that development will continue, just a matter of degree in a competitive environment. My "value" stock is GNNX, Genesis Media. They are also a long shot but also have big revenues in the bag, (comparatively speaking) and a huge net worth, albeit that net worth may not be entirely productive toward future revenue growth. That, of course, is the bet. And as with all companies, large and small, management, management, management, is always the key to success. Charles Schwab quote system shows a PE of about 2 currently. Inefficient pricing of the market which later becomes efficient as the company becomes more well known as they successfully and profitably fulfill their mission is what we are all counting on. Must find that 2% or so which will achieve their stated goals. Russ