Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Theo who wrote (903)	4/29/1998 10:05:00 PM
From: Crossy	Respond to of 9440

Theo, thanks first of all. Well I know BUT - I also know that this parameter is only being applied after January 1998. So either this means they were filed incorrectly - perhaps they might have to buy it back (the shares) or just correct the filings. I'm checking on something else here either. Got an idea <!> regarding MEGH some sort of "speculation" call it a motive.. regards CROSSY

To: Theo who wrote (903)	4/29/1998 10:35:00 PM
From: Binder	Read Replies (1) \| Respond to of 9440

American Biomed, Inc. OTC BB : ABMI Price and Volume Bid/Ask: .67/.69 Close: .69 52-Week Low $0.438 52-Week High $2.063 ÿ Daily Volume (3-monthÿavg) 1,045ÿ Share-Related Items Market Capitalization $11.4M Shares Outstanding 17.3M Float 14.9M Book Value (mrq) $0.06ÿ Earnings (ttm) -$0.17ÿ Sales (ttm) $0.03ÿ Cash (mrq) $0.04ÿ Price/Book (mrq) 11.59ÿ Price/Earnings N/Aÿ Price/Sales (ttm) 19.41ÿ Financial Strength Current Ratio (mrq) 1.12ÿ Total Debt/Equity (mrq) 0.09ÿ IN A NUTSHELL: They make heart cathetars and non-invasive medical supplies. The unfair advantage is that their products are made out of alternate materials and serve as a good replacement for latex, which has caused sever reactions in some patients and healthcare professionals. They have a great website: americanbiomed.com Address:ÿ 10077 Grogan's Mill Road, Suite 100 The Woodlands, TX 77380 Phone:ÿ (281) 367-3895 Industry:ÿ Medical Equipment & Supplies Employees:ÿ 32 Officers:ÿ Steven B.ÿRash, Chmn./Pres./CEO Colene Stigler Blankinship, Contr./CAO/Secy./Treas. Recent Earnings Announcement For the quarter ended DEC 1997, revenues were 184; after tax earnings were -952. (preliminary; reported in thousands of dollars) Here is a link to their annual report, which was just released a few weeks ago...http://sec.yahoo.com/e/l/a/abmi.html The YAHOO jist of it: ABMI is a development stage company engaged in the development, manufacture and marketing of medical devices. ABMI's primary technology is directed at interventional cardiology, endovascular surgery and minimally invasive surgical devices. For the nine months ended 9/97, net sales fell 14% to $361 thousand. Net loss applicable to Common fell 25% to $1.8 million. Results reflect the ineffectiveness of the sales team, offset by productivity improvements and lower borrowings. Several patents already, and several things in line for FDA approval. (Geez..I never realized the process for THAT!). Anyway, I have a lot more reading to do. Just thought Id share. :-) Binder