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

To: samcat9 who wrote (1526)	7/28/1998 10:20:00 PM
From: kiwi	Respond to of 2887

Well put Samcat. The fundamentals of this company are sound and it will be results such as patent approvals, CE mark approval, distribution agreements, to name a few, that will impact on sales, revenues and provide slow and steady appreciation of the share price. I have limited time to do much DD and due to my geographic location (NZ) I rely strongly on research via SI and other sites as well as communication with people that I trust, and here I refer to the good Dr Henken. Unfortunately however, the naysayers that frequent this and many other threads make this a somewhat difficult task at times in order to get the true facts rather than a distorted picture that does little more than further their personal agendas, whatever they may be. If I don't believe in a company I don't buy. It is as simple as that. Sure we must always remain objective and I know that I am as frustrated as the next person with the performance of this stock, but at this point I am long on ABMI and look forward to the upside to follow. IMO this stock now represents a good buying opportunity. Kiwi

To: samcat9 who wrote (1526)	7/28/1998 11:55:00 PM
From: daaan	Read Replies (1) \| Respond to of 2887

I can't talk for the rest but I am mad at myself for being talked in to such a lousy investment and it galled me to watch newcomers being suckered in. To much energy on this thread was being put in to discussing the possibilities and not enough acknowledging the risk. That brought out my desire to warn. Maybe if the ABMI bulls presented a more balanced picture the bears wouldn't need to undercut the message.

To: samcat9 who wrote (1526)	7/30/1998 7:30:00 PM
From: samcat9	Respond to of 2887

"Build a Better Mousetrap and... the World Will Beat a Path to Your Door." At one time, the above statement was probably true. However, times have changed. Much more is required for a company and its products to be successful. Remember video recorders---the "Beta" format was superior in resolution quality to the "VHS" format, yet "VHS" prevailed and "Beta" is now all but forgotten. Why did this happen? Good question. When I was working on my MBA, I enrolled in a finance course title "Emerging Business Enterprises", which turned out to be a course on developmental stage companies. Class members were divided into groups and each group was tasked with developing a business plan for start-up company. The company had no products and we were to organize and manage the company, decide what products we wanted to make, do R&D on these products, then obtain financing. manufacture, promote, and take our products to market. A good portion of our final presentation was presenting our company, its business plan, its products AND ITS POTENTIAL FUTURE VALUE using financial projections to a group of assembled potential investors, who would either provide Debt Capital (Loans) or Equity Capital (Buy Shares of Stock). Another decision we as a group had to make down the road was whether we wanted to sell the company and/or its products or to keep it as a going concern. The primary problem with developmental stage companies turned out to be cash flow, which means essentially how can we obtain financing (CASH) to keep operations going until we could turn a profit at some future date. Does this sound like ABMI? I believe it does. ABMI has the financing (CASH) for continuing operations. It seems to have the products. Channels for distribution of ABMI's products are in place, both domestically and internationally. Now, the emphasis must be on marketing and promotion. Steve Rash must do a truly superb job of selling the company and its products to interested investors, which in ABMI's case may be stock brokers who are willing to recommend ABMI to their customers as a development stage company with upside potential. Or, it may mean negotiating strategic relationships with other medical companies. Or it may mean negotiating a sale of ABMI to another medical company. (FYI, I owned Bay Networks, a networking company which is being acquired by Northern Telecom, a telecommunications company. I recently sold my BAY shares at a nice profit.) The absence of good news about ABMI seems to disturb some on this board. Well, there has not been any good news. But there has not been any bad news either, has there? I will end this discussion with a statement that I have made numerous times: "Do your own research and make your own decisions. I will not make them for you." SAMCAT

To: samcat9 who wrote (1526)	7/31/1998 6:20:00 PM
From: James Cornwell	Respond to of 2887

I cannot agree more! Amazing, I appreciate information good and bad, in order to make my OWN decisions. But Good Heavens some of the negative posts seem to have an ulterior motive. I probably should not have watched "The Conspiracy Theory" or any Oliver Stone movies! Bash away, pick on the company, pick on Mr. Rash, pick on Jeff and his information, but I follow this thread and have invested a sizeable amount of money because I believe in the potential of ABMI. Of course the majority of penny stocks are a risk, but that is why we are in them. If I wanted something safe I would go buy MSFT, INTC, etc. (I know risk, I have worked at Micron for 14 years and I say buy MU!!!!) But I digress, does ABMI have potential? YES! Am I unhappy because I have lost 40%, SURE, BUT I STILL THINK ABMI HAS A FUTURE and I DO THINK THE STOCK WILL GO UP. Good heavens, it's at .45, WHAT A BUY! By the way samcat9, THANK YOU FOR SERVING OUR COUNTRY IN THE US ARMY! Jim