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.

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

To: daaan who wrote (2727)	6/8/1999 3:47:00 PM
From: Meisterama	Respond to of 2887

If you want to bring some "fun" to this thread, please do so. We could use some. Perhaps a review of some of the old posts would be entertaining, also. In any case, I still own my shares. I see in the 10Q that ABMI has now picked up another product to sell, plus some small monthly cash payments. You know, if MRI should ever achieve $50 million or so in sales, that would be about enough to make ABMI's cash flow positive. Also, my reading of the ITI contract makes me think that ITI is responsible for all FDA applications and approvals. If a quick 510k approval is possible, which it might be based on ABMI's other successful 510k's in the past, then that royalty revenue might be online early next year. And it would take less than $40 million in Omnifilter sales by ITI to get ABMI into the black. At least THAT might finally move the stock price up! I'm disappointed we haven't made progress faster, obviously. But I'm still holding. I think bankruptcy is no longer a threat, anyway. If ITI can can the omnifilter into approval and If MRI does us any good, the future is not as black as it seemed a couple of months ago, in my opinion. One thing is very positive here: our future is NOW IN THE HANDS OF ITI AND MRI, rather than Steve Rash and ABMI. And at least THOSE guys have some money and, especially ITI, seem anxious to actually DO SOMETHING. In the meantime, daaan, I repeat my request that you bring some "fun" to the thread if you can. We could use it.