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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 (1228)6/9/1998 7:54:00 PM
From: jasper asper  Read Replies (1) | Respond to of 2887
 
Jeff,
Looks like the assaults have gotten a little more frequent and intense today. Seems like some people are really sweating this rise in the price of the stock because of some personal agenda they have. Well to bad for them (ggg)!!!!
Oh by the way we know what you guys are up to. naughty, naughty

Go ABMI

Jasper



To: Jeffrey L. Henken who wrote (1228)6/9/1998 9:10:00 PM
From: kiwi  Respond to of 2887
 
Thanks for answering my question in the comprehensive manner to which we have all become accustomed. It was not meant to be antagonistic and your comments have hopefully further clarified the situation so that we may all get on with the true facts. Nice to see the recovery today, I enjoyed that as much as reading the various replies. Thanks for all your DD Jeff.

Long on ABMI

Kiwi



To: Jeffrey L. Henken who wrote (1228)6/11/1998 5:25:00 PM
From: dollarone  Read Replies (1) | Respond to of 2887
 
As I said Jeff, I'll match my knowledge of the public filings against yours any day. Your quote from the 10-K was from the 1996 10-K. As I have said all along ABMI's filings make for very interesting reading especially when you compare disclosure year to year. The 1997 and most current 10-K does not even mention the options for 820,000 shares at $.50, but rather says Rash was granted 900,000 options at $.6875 in 1997. What happened to the 820,000 shares at $.50? Why don't you ask Rash. Ask Steve to see his applicable Form 4's to clarify the matter. See explanation of Form 4 below.
You also said that Summers was the only one that has sold shares. But let's look into that. The 1996 10-K says that Directors Hoffman and Guazzoni were late in filing all the required forms which show the change in the number of shares of ABMI stock they owned during the year. So if they bought ABMI stock, sold ABMI stock or received options, such information would be reported on Form 4 as required by the SEC . The 1997 10-K says these same directors were late in filing their Form 5 which is an annual statement of their ABMI stock ownership. In filings of other public companies if an officer or director is late in filing such forms they also report when the form was actually filed. There is no mention as to the actual filing date with respect to these directors at ABMI. As such there is no proof that the required disclosure has been made and I don't believe we as investors really know what officers and directors are doing with their ABMI stock and how much money they are really making.
You also said that by the time Rash could pay to exercise his options we could all be long gone with plenty of profit. Jeff, have you ever heard of cashless exercise of stock options? If permitted under the terms of the plan pursuant to which these options were granted, Steve wouldn't have to come up with a dime to exercise them. He would first sell them and then pay for the purchase out of the proceeds of the sale.