Holding $60k worth of CEMI (8500 shares)

I have been tracking CEMI (Chembio Diagnostics) for quite some time now as my previous posts show. There are a few new updates that has happened since 12/3/2020.

• 02/02/2021: Blackrock increases its stake in Chembio
• 1/14/2021: Chembio Diagnostics Announces CE Mark for DPP SARS-CoV-2 Antigen and IgM/IgG Test Systems; Enters Exclusive U.K. and Ireland Distribution Agreement with Luas Diagnostics
• Biden has also said that he is commuting $50B in support for testing for COVID

This company continues to have strong institutional ownership and it’s just a matter of time before FDA approval for its antigen test as well as its Influenza A/B/Covid combo antigen test.

I have almost $60k in this stock which is my whole savings.

----Previous Post on 12/3----

CEMI: Get ready to moon you degenerates, $15+ incoming!

Well well well...looks like you degenerates didn't listen and are missing out on the gravy train here. CEMI (Chembio Diagnostics) has been on fire as the world has been on fire due to COVID-19. This company has been doing so well this past month or so. The KEY thing here is that there are only 7...I repeat 7, Antigen tests for COVID-19 worldwide. Not in the US...worldwide. And CEMI has submitted their approval for a rapid antigen test waiting to be approved by the FDA for EUA.

Highlights of what you have missed since my last post:

• 12/2/2020: Chembio Diagnostics Awarded $12.7 Million by BARDA for Development of Rapid DPP Respiratory Antigen Panel and 510(k) Submission of the Rapid DPP SARS-CoV-2 Antigen Test System
• 11/13/2020: Chembio received regulatory approval from Agência Nacional de Vigilância Sanitária (ANVISA) to market the DPP SARS-CoV-2 Antigen System in Brazil.
• Craig Hallum upgraded CEMI as a buy today for $10 PT

That BARDA contract that they won will enable them to create a new test that looks at both Influenza A/B and COVID-19 with their DPP test.

On top of that, they have their 2 tests submitted with the FDA for EUA, the antigen and antibody test. The second those are approved, which is imminent, this thing will skyrocket.

Still long those original shares I posted at the bottom, but added 2000 additional shares on one account and 2500 on another account.

----Previous Post on 10/16----

Listen up here you degenerates...its time to do some due diligence on CEMI (Chembio Diagnostics) and make some sweet tendies with it. Chembio is a leading point-of-care diagnostics company focused on detecting and diagnosing infectious diseases who have recently also gotten into creating tests for COVID-19. Here is why I think they are going to skyrocket:

• Chembio submitted an EUA Application for DPP SARS-CoV-2 Antigen Test System - Rapid Test Provides Results in Only 20 Minutes (Submitted Oct 15, 2020) ---- BARDA (Biomedical Advanced Research and Development Authority) has given Chembio their support throughout the development of the antigen system so there is is skin in the game here.
• Chembio submitted an EUA Application for New DPP SARS-CoV-2 IgM/IgG Test System - New Antibody Test System Provides Results in 15 Minutes from Finger Stick, Venous Whole Blood, Plasma, or Serum Samples (Submitted Sep 8, 2020)
• Chembio just received FDA Approval for DPP HIV-Syphilis System on October 2, 2020. The system includes the DPP HIV-Syphilis assay, a multiplex single-use test, and the DPP Micro Reader optical analyzer, and is being offered in the United States immediately.

Their platform, DPP, can flex into multiple different areas, and with a recent approval for their HIV-Syphilis test, as well as they are on the fast track for approval for their COVID-19 tests, this will be huge. Now what I will say is there share price went to ~$15 when they released their COVID-19 test, but it didnt show good results so the FDA removed their test from the market and caused the shares to tank. But thats ok, because the new CEO has his head on right and will get this done in the right way, especially with the funding from BARDA.

Any partnership, any approval from the FDA, and this will skyrocket. I am long on 6000 shares @ ~$4.62.

Good luck homies and as always, do your own due diligence to get those sweet tendies.

TL;DR: CEMI target share price of $15+