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I highly doubt there's a 10K out. A 10K filing is used for reporting to the SEC, and if they're not registered, there's no reason for Otiko to file a 10K alongside an annual report. The annual report allows them to report the information in a more investor-friendly format.
Lawsuit info at the end of the annual report:
NOTE 11 – SUBSEQUENT EVENTS (CONTINUED)
On or about April 12, 2017 the Company was made aware of a lawsuit filed against the Company and several other parties in U.S. District Court for the District of South Dakota by Steven Keough, an individual. As of the date of this filing, the lawsuit has not been properly served on the Company. The complaint alleges, among other things, that Mr. Keough had a licensing arrangement with Dr. Howard Phillips for some of the patents related to the first-generation transdermal delivery system that were developed by Dr. Phillips. The lawsuit also alleges that Dr. Phillips should not have been able to initially license the transdermal technology to the Company. The lawsuit further alleges that, through a separate consulting agreement Dr. Chris Otiko had with Thru Pharma, LLC, an entity related to Keough, that Dr. Chris Otiko should need to assign the rights of the transdermal patent to Mr. Keough. The lawsuit seeks monetary and injunctive relief.
Based on information and belief, both agreements were breached by Thru Pharma, LLC. The Company does not believe Mr. Keough has any right to the Company's patents or technology. Furthermore, the predecessor transdermal technology, which is the subject of dispute by Mr. Keough, is not even currently used by the Company and any protections related to its provisional patents are believed to have expired. All new products being developed and sold by the Company are based on a newer transdermal technology created directly by the Company or its management team. The Company believes the lawsuit is without merit and has engaged legal counsel to vigorously defend it. The Company is also evaluating a counter-claim against Mr. Keogh.
Annual Report link is:
http://www.otcmarkets.com/financialReportViewer?symbol=VDRM&id=169852
If that's not working, try going here first and then click the first report in the list:
http://www.otcmarkets.com/stock/VDRM/filings
And if that still doesn't work, you probably need to update your browser version or a plugin or something.
I'll read up on the report to confirm, but I was waiting for someone to fire a gun. I think our future VDRM discussions are now going to be centered around predicting the likelihood of a Dr. Otiko triumph in court, and unless there's been any recent developments in his favor, I don't recall reading anything indicating he had the upper hand..
Hmm nice buy at the end. Didn't finish bad at all..
If you're going to compare companies to ATTBF, we really should be looking at O/S and valuation. Predicting a trading "graveyard" between ERBB and ATTBF based on PPS comparisons alone is pretty fruitless.
Agree about the dilution, or lack thereof, and I get what you're saying. But in observing this stock, it's long term swings, and knowing how the fundamentals stack up, I remain fully confident in what I'm saying. You're not going to see 0.06 unless Abattis turns a catastrophic corner that makes it an almost hopeless company. It's conceivable you have a shot in the 0.12-0.15 range.
Well if it falls through the floor of 0.02, looks like VDRM may find some support at around 0.017. It sure held tightly at 0.023-0.024 for a long time. It was impressive while it lasted..
You'd need a multi-month delay of NV labs grand opening to see 0.06. In fact, to go that low, you may need an outright admission of failure by Abattis. 0.06 implies this company is sitting in a graveyard. And since I choose to believe NV Labs will be opening soon, even if slightly delayed, sorry - 0.06 is off the table.
The big ICBU secret.. that really isn't much of a secret anymore.. ready?
Buy at 0.28-0.29, sell at 0.30-0.32. Dance to daily 5%+ profits.
Though, with volume drying up, maybe the printing press is in danger of closing up..
No doubt. If the lab were to somehow fall through the cracks, then you will see your 0.06 level again. Not expecting that, just saying..
Do you have a Plan B? Not making a prediction, but if it starts shooting toward 0.30+ and NV Labs is announced in a day or 2, the bulls start taking full control again, what's your play?
It really is hilarious.. someone keeps injecting these ridiculous 10K orders, that's a mere $2 a pop, at 0.0002 to hold the ask below 0.0003. Someone is playing around, that's for sure.
Oh it's a POS alright. But still may not be done. Ask back at 0.0003. :)
This "POS" is trading at 0.0003 again. We're all going to be rich!
..Kidding. But looks like it hasn't sung it's last song yet.
Oh I got you. You're defining an absolute minimum you'd consider averaging down before hoisting the white flag.
They have been suspected of using PR's to strategically influence the price, so you may actually be on to something there. Either way, I'd really hope we see a NV Labs announcement before the week is over..
I wouldn't be entirely shocked if you see 0.12 again. If they keep delaying any signs of progress for NV Labs, you bet, this is going to low teens before the EOW probably. They better get their act together on that.
0.06? Sorry, the only way that is happening is if alarming evidence comes out that Abattis has been nothing but a scam masquerading as a jack of all trades company. And I'm not talking about "No revenue, failed subsidiaries, I'm been angry for 3 years, boo hoo hoooo!" talk. I mean real evidence that Abattis has zero chance of producing a thing. Those 0.05-0.06 pps days were from a time when everyone was convinced this company was officially dead and buried.
The crystal ball facade going on is amusing, but let's face it.. no one has any clue if ATTBF will hit 0.25 or return again to 0.15 next. And no one would stake their life on a short term pps prediction, not even anything close. Anything could happen. I suspect at the very least, an open NV labs PR would keep us in the 0.20's, if not push the stock heavily toward 0.30+. But who knows?
Don't be so sure. I expressed similar sentiments last time we climbed to the mid 0.20's and we fell all the way back to 0.10. I'm throwing all my predictions out the window until we have a solid resting ground we can call support.
There is a great deal making me wonder. I'm getting ripped off in nearly every stock I own today. Something like 7-8. Some are understandable, but some seemingly have no logic behind them. This market is rewarding total fools right now.. but is that going to last forever?
Total POS. "Thanks for playing, you didn't leave with any cash or prizes.. but I hope you had a good time! Did you have a good time..?"
There's got to be more to it. This is a total meltdown at this point. From 0.24 to 0.19? Maybe a couple penny stock promos or "guru" jokers are advising their flipper sheep to take profits.. Alan Brochstein would do this all the time in 2014 and influence 20-30% swings.
And I just looked, there's been several 10-15 min dumps over the past 2 hours in a lot of MJ related stocks. I think many people got in this week and the week prior expecting some magical rocket ship would suddenly take off with the announcement today, and when it didn't, they threw in the towel..
Last 15 minutes have been pretty ridiculous.. a pitiful 100K shares sends this from mid 0.23's to 0.20?
Right. As some of both of the most cynical and most optimistic ATTBF shareholders have said here, NV Labs opening and being ready to take on clients is far more likely to push this higher. Most already knew the legalization bills were being proposed..
Oh nice tie.. I see where you're going with this. With my profits from ATTBF, I'll be able to buy an amusement park or a yoyo factory. Fun! But I've grown up and will be using it on something else most likely.. :)
Ford sinking below $11.20.. and Tesla is popping off again to new high's. 44.6B cap vs. 49B.. EPS of 1.15 vs -4.86. What a total joke!
Yeah, I don't think ARNH is done yet. It's probably not going to make us rich, but the new CEO is keeping the gears turning, and that should at least bring us back to 0.0004's.
That's what I was thinking. Everyone should have been expecting dilution on the horizon, this was no surprise. Now we've essentially been assured that we are not going to wake up some day in the next couple weeks and see our ARNH shares experience a R/S and see we lost 50% or more almost immediately.. An R/S would give this all the room in the world to tank and screw us over. This was good news..
Great. Yes, I did the same. Maybe we need to keep submitting that form until someone over there wakes up..
NV not appearing on the list annoys me as well. That would not be a hard update and they've been dragging their feet since 09/2016?
There was an article released today about Northern Vine MIA:
http://abattis.club/northern-vine/please-add-northern-vine-labs-canadas-licensed-laboratory-list
We talked about this here and I reported the error to the "Government of Canada" site weeks ago. Still no resolution. Maybe they need a little shove from other ATTBF shareholders? Who knows..
Recovered and stabilized. Looks like a break-even day. Any positive sentiments on the legislative news hopefully coming out tomorrow could close the doors to the ATTBF teens for good.
Well we got a nibble at 0.0003 again haha
It sure did. Hope it doesn't stay asleep forever..
This is temporary. I really do believe that.
This is temporary. I really do believe that.
Northern Vine is getting some more attention out there, good to see. Here's a couple articles released today:
DEMAND FOR NORTHERN VINE LAB SERVICES – EVIDENCE FROM THE TASK FORCE ON CANNABIS LEGALIZATION AND REGULATION
http://abattis.club/northern-vine/demand-northern-vine-lab-services-evidence-task-force-cannabis-legalization-regulation
Abattis Bioceuticals Corp (OTCMKTS: ATTBF) Gets A Close Look
https://www.insiderfinancial.com/abattis-bioceuticals-corp-otcmkts-attbf-gets-a-close-look
I'd encourage everyone to not get caught up in MM manipulation theories or 1-week chart voodoo.. not yet anyway. All my prospective MJ plays are in the same red position today. This industry does generate it's own systematic risk and from time to time, it's very noticeable and verifiable, such as today. Lots of MJ stocks have run up quickly on excitement. We were due for a pullback, especially with those long stairs ATTBF was generating.
Look across the MJ sector.. nearly all the respectable companies are down around 6-10%. Seems to me ATTBF is just floating along the same river.
And 0.024 holds.. yet.. again.
Gutsy move there. It was tempting for me to do the same, I won't lie. I have a core position and about 10-20K I wouldn't mind trading on the dips. Haven't done it yet.