ABMC - American Bio Medica Corp. (OTCBB Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**greencat** · #1 08-27-2009, 08:53 PM

Possible perfect cup in progress. If it make the handle even better. Looks like a nice play going to happen.

American Bio Medica Corp.
122 Smith Road
Kinderhook, NY 12106
United States - Map
Phone: 518-758-8158
Fax: 518-758-8171
Web Site: American Bio Medica - ABMC - Drug Test

DETAILS
Index Membership: N/A
Sector: Healthcare
Industry: Diagnostic Substances
Full Time Employees: 97

BUSINESS SUMMARY
American Bio Medica Corporation develops, manufactures, and sells immunoassay diagnostic test kits for the point of collection testing (POCT) for drugs of abuse in North America, Europe, the Asia/Pacific Rim, Africa, and South America. Its products include Rapid Drug Screen, a POCT kit to detect the presence or absence of 2 to 10 drugs of abuse in a single urine specimen; Rapid One, which screens for the presence or absence of a single drug of abuse in a urine specimen; Rapid TEC that contains 1 or 2 drug testing strips to test for 2 to 5 drugs of abuse in a single urine specimen; RDS InCup, a POCT for 2 to 12 drugs of abuse that incorporate collection and testing of sample in a device; Rapid TOX, a drug screen that detects 2 to 10 drugs of abuse in a single urine specimen; and Rapid TOX Cup, a POCT for 2 to 14 drugs of abuse that incorporate collection and testing of sample in a single device. The company’s products also include OralStat, a POCT system to detect drugs of abuse in oral fluids; OralStat EX, an oral fluid POCT for point of collection testing and confirmation testing; and Rapid STAT, an oral fluid POCT. In addition, it offers Rapid Reader, a compact and portable device that captures a picture of the test results on an ABMC drug screen. Further, American Bio distributes various POCTs to detect the presence or absence of adulterants, alcohol, and nicotine; and provides bulk strip contract manufacturing services to non-affiliated POCT diagnostic companies. It offers products for employers, law enforcement, government, health care, laboratory, and education professionals to test for cocaine, THC, opiates, amphetamines, PCP, benzodiazepines, methamphetamines, barbiturates, tricyclic antidepressants, methadone, oxycodone, propoxyphene, and buprenorphine. The company was formerly known as American Micro Media, Inc and changed its name to American Bio Medica Corporation in September 1992. The company was founded in 1986 and is based in Kinderhook, New York.

JGygli · #2 08-27-2009, 10:19 PM

girlfriend says it looks like a gravy boat...

**greencat** · #3 08-28-2009, 07:51 AM

Quote:

Originally Posted by JGygli

girlfriend says it looks like a gravy boat...

LOL-maybe we can get some gravy on abmc

KittyCat · #4 08-29-2009, 07:05 AM

I bought into this stock back in the spring, on the simple thought that as long as the world lasts, there is going to be a big need for drug-testing kits!

KittyCat · #5 08-31-2009, 06:06 PM

Hmmm... no good news here:

ABMC Receives Nasdaq Delisting Notice

American Bio Medica Corporation (NASDAQ: ABMC) announced today that, on August 25, 2009, it received a delisting notice from the NASDAQ Stock Market, for failure to regain compliance with the minimum bid price requirement pursuant to Listing Rule 5550(a)(2).

The Company can request a hearing to appeal NASDAQ’s determination by 4:00 p.m. (ET) on September 1, 2009, however, if the Company does not request a hearing, trading of the Company’s common stock will be suspended at the opening of business on September 3, 2009, and a Form 25-NSE will be filed with the Securities and Exchange Commission (“SEC”), which will remove the Company’s securities from listing and registration on the NASDAQ Capital Market.

Although the Company meets all other continued listing requirements to maintain its position on the NASDAQ Capital Market, the Company does not currently expect to challenge the delisting. Based upon discussions with several market makers, the Company believes that a market maker will make an application to the OTC Bulletin Board, and its common stock will be eligible for listing on the OTC Bulletin Board following its delisting from the Nasdaq Capital Market.

For more information on American Bio Medica Corporation or its products, please visit American Bio Medica - ABMC - Urine and Saliva Rapid Drug Test.

About American Bio Medica Corporation

American Bio Medica Corporation is a biotechnology company that develops, manufactures and markets accurate, cost-effective immunoassay diagnostic test kits, including some of the world’s most effective point of collection tests for drugs of abuse. The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets. ABMC’s Rapid Drug Screen®, Rapid ONE®, Rapid TEC®, RDS® InCup®, Rapid TOX® and Rapid TOX Cup® II products test for the presence or absence of drugs of abuse in urine, while OralStat® and Rapid STAT™ tests for the presence or absence of drugs of abuse in oral fluids. ABMC’s Rapid Reader® is a compact, portable device that, when connected to any computer, interprets the results of an ABMC drug screen, and sends the results to a data management system, enabling the test administrator to easily manage their drug testing program.

This release may contain forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ, and such differences could be material. Such risks and uncertainties include, but are not limited to, risks and uncertainties related to the following: continued acceptance of our products, increased levels of competition in our industry, acceptance of new products, product development, compliance with regulatory requirements, intellectual property rights, our dependence on key personnel, third party sales and suppliers, our non-compliance with the continued listing requirements of the Nasdaq Stock Market, our eligibility to trade on the OTC Bulletin Board, our history of recurring net losses and our ability to continue as a going concern. There can be no assurance that the Company will be successful in addressing such risks and uncertainties and the Company assumes no duty to update any forward-looking statements based upon actual results. Investors are strongly encouraged to review the section entitled "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2008, quarterly reports on Form 10-Q, and other periodic reports on file with the Securities and Exchange Commission for a discussion of risks and uncertainties that could affect operating results and the market price of the Company's common shares.

**greencat** · #6 08-31-2009, 06:47 PM

ABMC Chart

lovemoney · #7 08-31-2009, 09:18 PM

Wow, I was eyeing that pretty little cup pattern developing last week. Glad I didn't jump in too soon. Arrgh, never know what's gonna happen with these stocks

.

KittyCat · #8 09-01-2009, 05:13 AM

I`m glad for you. They may have to climb out of this before they go any further.

But then again, from what I read, a lot of penny stocks do the same... and they come out of it with flying colors

lovemoney · #9 09-01-2009, 12:04 PM

That's true. Once the dust settles and this is old news, it'll start trading up again. It's just a minimum bid price issue. Like the note said, they meet all other requirements. People that bought high just before it delisted will just have to be patient.

**greencat** · #10 09-01-2009, 12:06 PM

All out- Loss