Abattis Bioceuticals Corp. (ATTBF)

[nilliwillis]

Hummm, more shares for a distribution chain in the Netherlands and some prepackaged nothing special vitamins. The list of actual distributor in NE isn't very long.
With soooo many shares outstanding the people with the millions of them just sit and sell them all day as the stock continues to slide. Then when it is close to bottom the buy back some at a higher value to raise their stake again. Once it rises some they begin to sell off again. I mean if You had 30 million shares of worthless stock what would you do?

[CannibusDreams]

New here, just jumped back in today.

Thoughts on the deal. It was in cash, not stock like their other deals. That's good. One, there was cash around to use for an acquistion. Two, they didn't dilute the stock again.

It has more payments due in cash in the future. That seems good. Why would the company accept a deal if they didn't expect Abattis to be around for those future payments?

The release I read said any material disclosures would be made even if the financials were not yet released. A going concern would be a material disclosure. That tells me it's something else holding up the financials.

Looking at previous financials, almost all the assets is goodwill. I'm guessing that's the strands they bought. They may be trying to properly value that goodwill. It seems likely the company valued it one way, the auditors thought otherwise & probably a third party has to come in and value it. Maybe that's the delay?

All just a guess. I hold shares again now, so hoping for the best. Today seems like a good sign though for the future to me.
Take it for what it's worth.

[Beck1128]

Oh yeah still 99% likely bs. But bitcoin And abattis spiking, reminds me of simpler times.

[shark300feet]

So they can make an acquisition like this and still not get their financials done timely. Meanwhile Canadian stockholders still can’t trade because of the suspension. Don’t get too excited.

[Beck1128]

Only hope is owners had change of heart and pumped all the money they stole back into the company into this legit transaction. Only thing i can think of.

[spacevic]

Ok shorts, pop this bubble.

[Dantheoneman]

Lost Hope

[Dantheoneman]

Looks Interesting, But lots of Share Holders List Hope for this Company and Many Got Burned Looking to Break Even.

[Beck1128]

That company supposedly like 15mil a year business, why i got back in atleast

[Dantheoneman]

I hope no Big Sell Off in Afternoon from People Breaking Even in $.05’s - $.06’s Who Got Burned Previously

[grleroy]

Its alive, its alive …. Frankenstein has been zapped back to life … Looks like some people might of been wrong about the company … Nice bounce today ...

[Beck1128]

I cant believe i just bought more of this junk. Like hatori hansel making another sword

[georgie18]

ATTBF...057...Chart linked from .0345 alert...

[jjr04001]

Here we go!

[Beck1128]

They have a website!!!!! Never thought id see the day

[shark300feet]

“News” re acquisition of Pro Natural.
Those who still feel positive about Abattis please post a link to Pro Natura’s website. Abattis seems to specialize in acquisitions of obscure companies without actual operations.

[grleroy]

When ATTBF sold Northern Vines to EMHTF they received cash and stock worth $4 million dollars … Do they still own the shares of EMHTF ?

[georgie18]

ATTBF...0345...Chart...Bullish Piercing Line Reversal Pattern formed on the close...Pincher starting to squeeze...

Chart...http://schrts.co/TUVMnHBr

Authorized Shares
Unlimited
01/22/2019
Outstanding Shares
427,112,360
10/04/2018

Bullish Piercing Line is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick...

[HorizenBull]

THERE IS NOTHING TO BUUUYY.....

This is a scam. Fuck dude you gotta accept it already

[big11]

Hope we get bought out. Even if I get back 1/2 of what I invested would be kind in my eyes. GLTA

[HorizenBull]

Abenante’s mother is a shithole too. Lest anyone think otherwise

[HorizenBull]

Abenante is a piece of shi Like this stock. Liu is human garbage like his mother. Stock is toast

[shark300feet]

Link to CSE information. Basically if the “company” doesn’t file it’s financials by April 2 then the CSE will delist.

https://webfiles.thecse.com/resource/CSE_Policy_3_Suspensions_and_Inactive_Issuers.pdf?8xRXkYLxtQ33hB_z8Z.oUnsc0C_y0nu6

Side bets anyone? Bellview Planning Committee meets next week. At the last meeting they implored the property owners to bring reps from the companies that plan on leasing the space. I still say the “company” is a no show again.

[geodcan]

I'm thinkin' a shootout in management. Kill a couple and scare the rest!

[shark300feet]

Good question and how wise to get out early. I agree with SFP although I think it’s more of a shell rather than a scam company (end result is the same). One needs to look at the two other companies that share the same CEO (and other officers/directors) and office suite address: Cryptobloc and Marifil Mining, to see the full picture. I’m developing a theory that this is a 21st century version of 3 card monte.

[grleroy]

Where did the assets go to after the sale of Northern Vines … They received cash and stock from the sale of N Vines …. I got out after the sale … I just thought it was odd that they sold the nucleus of the company ...

[shark300feet]

Link to Gabriola property valuation. In my mind this is the only tangible asset (along with the unsold inventory of vapes and comfort pills) that the "company" possesses.


https://www.bcassessment.ca/Property/Info/QTAwMDBENk5VUQ==

$712,000

Can't vouch for the accuracy or how current the information is, but it does not seem to indicate the Abattis purchase in 2018.

[StarFishPatrick]

Wonderful summation. It’s a scam.

[shark300feet]

I regret the error. It was an FTC settlement not an FDA sanction:


https://www.foodsafetynews.com/2014/07/consumers-to-get-3-5-million-for-phony-health-claims-about-cactus-juice/

[shark300feet]

I’ll take any news of movement with a grain of salt. The “company” recently moved its corporate office and is now co-located with Marifil Mining. (Same suite - same CEO). Look it up on SEDAR. The “company” was a no-show at the Belleview town planning meeting last week where there are plans for a putative lab. Trading has been suspended on the CSE for late filing of financials. 6 weeks later still no financials. Two board directors resign. Go to the British Columbia provincial web site for cannabis licensing and see if you can even find said “company”. Search Gabriola Island building permits for construction permits for putative grow facility and let us know what you find. Comfort by Vergence is being peddled by a person who has been sanctioned by US FDA for making misleading claims in the past. Google him and you’ll see. Google the “fertilizer company” recently purchased and let us know what you find. Movement? I moved my lunch money out and put it somewhere else. I retain about 5 dollars worth of shares to maintain standing in the event of a class action law suit. Not likely to happen but it’s a small amount to hedge my bets.

[jjr04001]

Move coming $ATTBF

[Frank1979]

I know nothing about them. Why is the sp going up?

[StarFishPatrick]

Why do you think the Board of Abattis is in any way a governing group of people?

[shark300feet]

[shark300feet]

Abattis is no longer under a cease trade order by the CSE. It is now under “suspension” which is more serious.

[Mr Hand]

@Frank1979 post 32665 . Management is still the same. The CEO, CFO and COO are all still the same people who got the company into this mess. The resignations of Board members is not a good sign at all.

[Frank1979]

I’m new here. So a shakeup in mgmt may be just what they need right?

[shark300feet]

Bury the board resignations announcement in a weekend press release:


https://menafn.com/1098230044/Abattis-Announces-Resignation-of-Directors

[shark300feet]

Monthly progress report posted yesterday.



https://webfiles.thecse.com/ABATTIS_-_CSE_Form_7_-_Monthly_Progress_Report_February_2019.docx.pdf?90FHomao.2gIlw_LDV9ZvtR0J5t9R9.v=

[Mr Hand]

Such a shame. This used to be a good company with a great future.

[Etailer]

Does not sound very good.

[shark300feet]

I normally don’t comment on news that I post here but I gotta say”WTF?”

Excerpt from latest Sedar filing: ABATTIS RETAINS CANADIAN AND AMERICAN COMPLIANCE AGENCY AND PROVIDES COMPANY UPDATE
VANCOUVER, BRITISH COLUMBIA / November 20, 2018 / Abattis Bioceuticals Corp (the “Company” or “Abattis”) (CSE:ATT) (OTC:ATTBF) is pleased to announce the appointment of Ingredient Identity LLC (“Ingredient Identity”), a Canadian and US regulatory and compliance agency, to assist the Company’s wholly-owned subsidiary, Vergence Naturals Ltd. (“Vergence Naturals”), with their ongoing Canadian and US regulatory compliance program.

“Regulatory compliance is a cornerstone objective for Vergence Naturals, or any nutraceutical business,” stated Rob Abenante, President and CEO of Vergence Naturals.
“Navigating the ever-changing landscape of allowable claims and statements can be tricky, but adding international claims to the mix makes it even more difficult to keep up without professional representation. Ingredient Identity are the nutraceutical industry experts in compliance,” added Mr. Abenante.
“It is critically important to perform high-level regulatory consulting, strategic planning and due diligence for projects and to effectively plan for growth or mitigate high risk legal and regulatory matters,” stated Jim Lassiter, CEO of Ingredient Identity. “We provide the development and review of content for labeling, packaging, website copy, label claims, claims substantiation and television commercial or radio scripts to ensure compliance with the GMPs, FDA, FTC or other regulatory agencies governing such products in the global marketplace.” Added Mr. Lassiter.
“One example of the difficulty of international regulatory compliance with respect to Natural Health Products is that Canada allows for turmeric – a phytocannabinoid spice – to be labelled as an ‘anti-inflammatory,’ however, no herbal supplement sold in the USA may use that term,” commented Brandon Griffin, President and Co-Founder of Ingredient Identity.
“Imagine the chaos created by this type of legal ‘tug-of-war’,” commented Dr. Brazos Minshew, head of the Medical Advisory Board for Vergence Naturals and Abattis.
“You can see why Vergence Naturals needs top-tier regulatory compliance support as we develop our International markets. 2018 will end in a flurry of sales activity for Vergence Naturals surrounding the phytocannabinoid pain-reliever, Comfort! and Comfort Extra-Strength! Our relationship with Ingredient Identity will help us properly plan these product launches, while avoiding the legal mine-field associated with Canadian / US political animas,” added Dr. Minshew.

[HorizenBull]

Abenante is human filth. A bona fide piece of shit .....as is Liu

[shark300feet]

Somehow I missed this until today:

Material change report - seems Abattis has moved

https://www.sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00011477&issuerType=03&projectNo=02878079&docId=4466781

Coincidentally:

Same address (building and suite, same CEO _- Abenante) as Marifil Mines:

https://www.sec.gov/Archives/edgar/data/1571724/000108503718000118/xslFormDX01/primary_doc.xml


Sounds familiar re: "consultant"

https://www.marifilmines.com/corporate_consultant-2/

[HorizenBull]

Tryin to shine up a dying turd

[shark300feet]

Postponed conference call indefinitely, financials not completed due to ongoing audit, trade halt continues on Canadian side.

https://globenewswire.com/news-release/2019/02/28/1743917/0/en/Abattis-Provides-Update-on-Conference-Call.html

[Etailer]

If it does it will be one of the biggest comebacks ever.

[jjr04001]

I'm in. This is going to shine $ATTBF

[Etailer]

I don't think there are any investors left.

[grleroy]

I want to know why they sold Northern Vines to EMHTF and who pocketed all the cash ….