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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 (2292)12/10/1998 5:32:00 PM
From: dollarone  Read Replies (1) | Respond to of 2887
 
Jeff, what doesn't make sense here is why a strategic partner hasn't stepped in and put their financial power behind ABMI already. Its done everyday. Potential partners are well aware of what ABMI has - they don't need and would not wait for a prototype to be developed. They could get through the development process far easier and more quickly than ABMI to start adding as you say " the billions to their earnings" and if the market is truly this large they would be willing to pay handsomely to acquire it.
Instead, we as shareholders have ABMI once again piecemealing funds to keep the doors open. $17,000 in cash at the end of September, LaSalle gone I understand, and the $5 million equity line of credit also gone.
It doesn't add up anymore.