Abattis Bioceuticals Corp. (ATTBF)

[Shark Attack]

ATTBF-ADD on to 420


Team attbf I wanted to write a more lengthy post about why I see long term value in attbf instead of just many posts. Some of this sounds because Im still not convinced everyone understands.

I wanted to start off with just some basic things that Im sure some of you understand.
Stock secondary offerings are a double edge sword they do dilute share holder value but put cash on the balance sheet. There are two forms of financing debt and equity in order to have debt financing which is non toxic to the shareholders and the company the company must have assets. Assets include proprietary property, intangible property and cash.

So here is a snap shot of ATTBF
57 OS----Over 3 Million in cash (as of today), 1million in proprietary property (growing taken off old balance sheet) These numbers might have grown.
Zero Debt
Now on revenue:
ATTBF will grow revenue through the biocube sales which are being made in China,
Fertilizer Sales from Green Grow, Zaaz sales from agreement with ERBB, Phytalitics MJ testing, Experion 25% grow Op, Future Licensing through MMRP
MJ Extraction oil sales, Potentially various canabinoid products and since we are a pharmaceutical various cannabis based drugs.

Future revenue might also include Kambucha style drinks MJ grow and sales based on recreational MJ status and law changes.

ATTBF positioned in Canada does not have issues with the banking system like the in the USA because medicinal MJ is legal in Canada.

So here are my thoughts, attbf needed to issue some shares to put the 3.5 million on the balance sheet. 2% of all MJ stocks in my opinion will make it long term. The evidence of this is all ready showing by the industry wide short, the last two weeks.
The shorts figure if 98% fail and 2% make it it is a profitable trade. Cash is king because its staying power and gives Mike Withrow the ability to consolidate the industry and buy up failed companies in the long term. Also cash as an asset enables Mike to as the company grows borrow through non dilutive debt financing. What I am saying is what bank is going to loan you money if you do not have cash or assets of your own.

I Give them a B+ in balance sheet--sighting need more cash, but having zero debt is a strength. The cash is necessary to make revenues and then debt financing should be a problem.

On Mike Withrow, I spent minimum 25 minutes speaking with him @ the 420 Conference, he said he owns roughly 10 million shares and is working day and night on the companies projects. He also said that they were taking there classes to complete the licenses. He also values transparency and wants to steer clear of the issues involved in not being transparent currently they are working on OTCQX up list in the states. The feeling I got from Mike is he is proud of his company and proud to be making his share holders money. The room was surrounded with share holders that own in my estimation any where from 150K-1Million shares. He is not afraid to answer any questions. I spoke with him about the PRs and as we suspected 2 weeks ago old executives that do not work there anymore sold their shares and Mike did not appreciate that, nor does he feel it is necessary to release countless updates to share holders. The reason being is the company is real and he intends to be around for the long term not short term PR the market to death, because then the PRs would not bring the right image. Mike is and industry activist and excited to be running ATTBF. He has a financial and a nutracutical background. In order to understand these points I had to meet with Mike in person allot was said and allot of the boards ideas were exchanged by me and Winningman.

I give Mike an A in leadership. I met him in person and like his character and back ground and his straight forwardness in Q&A.

The point of the whole conference was centered around industry transparency and sponsored by Abattis, and featured all the other companies. I have said this before and will say this again, In my opinion ATTBF has marks of GWPRF with roughly four times less shares. GWPRF made it to the Nasdaq and trades under GWPH. I think in terms of position and share structure and leadership ATTBF is actually better, it may be to early to tell but thats my opinion.

I attached an article that I think is important in the Biotech space Phytalitics deal, the Experian deal

Winningmans points, “great summary shark. only thing I would add is that Mike has more in store for the company including, potential new products and partnerships. In addition, he will at some point be interested in getting into the recreational marijuana space when that becomes available. also that 10 million share breakdown, I think, is he holds 8 and another director holds 2.”

http://article.wn.com/view/2013/03/05/Abattis_Signs_LOI_to_be_North_American_Distributor_of_Cromog_y/
http://finance.yahoo.com/news/abattis-completes-acquisiton-controlling-interest-020400646.html
http://finance.yahoo.com/news/abattis-announces-completes-agreement-experion-131500051.html


My posts are my own opinions and not advice, do your own DD.
Good discussion comes from a joint effort.


ADD ON:
Two more events on slate:
May 1st See link Below
May 7th Green Rush Sponsor See link below
IMO MAY= beginning of turnaround.

http://www.4-traders.com/ABATTIS-BIOCEUTICALS-CORP-11528715/news/Abattis-Bioceuticals--Announces-Shares-For-Debt--Corporate-Presentation-Announcement-18359981/

http://www.greenrushfinancialconferences.com/s/vancouver-events.asp?ReportID=643972&_Type=Vancouver-bemGreenemRush-Conference...&_Title=Sponsors-Exhibitors