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You can use the lotto analogy with ARNH, sure.. because buying ARNH stock is like buying a ticket for a lotto game where all the winning tickets have already been claimed.
Adrian really isn't all that clever.. he's laid his shenanigans bare for authorities to see. But scammers are everywhere and come in all shapes and sizes.. so the question becomes will they deem it worth taking further action on Adrian?
Possible, but I think we need to start demanding answers if Abenante et al can't wrangle together some demonstration of real progress in the next week or so. I've always felt uneasy about turning on the faucet and diluting the stock, and now, it appears the only plan lined up for using the newly raised cash is yet another "blockchain" bandwagon rider. Quite frankly, that's a gamble, and not so much an investment.
News about the status of the core businesses, such as testing, extraction, cannabis product development, etc. seems to have been kicked to the curb.. and I'm extremely uncomfortable with that.
Not what I wanted to see at this stage of the game.. i.e. the essentially zero revenue stage.
https://www.canadianinsider.com/company?menu_tickersearch=att
They need to show that they're serious about the laboratory component of their business by summer.. or ATTBF is going to stop following the cannabis sector and start dropping back to mid-2017 levels IMO.
There's that... or the possibility of the CannaNUMIS project turning into a savior, but I'm not counting on it.
Abattis posted this on LinkedIn just now:
It's a sad sight.. more people that will be lucky to dump ARNH in the 1's before this tower of cards completely collapses
Might take a few months for the "craze" to kick back in, and even then, won't be a bit surprised if it mellows out considerably. ATTBF had a 120%+ day not too long ago haha.. that's just ridiculous by all measures.
But yes, we'll probably get back to January levels in time. Just won't happen overnight.
Abattis isn't being promoted by Brochstein on Twitter or though his 420 Investor portfolio.. so where and how exactly is he "heavily promoting" it?
More on the new Abattis CFO, David Whitney:
http://www.bctechnology.com/news/2017/11/14/RentMoola-Appoints-David-Whitney-as-Chief-Financial-Officer-(CFO).cfm
Note this explanation about this other company, RentMoola:
Now I'm not sure if Lenny was a complete Adrian fabrication all along.. or if Lenny and Adrian are in cahoots to some degree. Noting Lenny's affiliation with previous scum companies, like FITX, I could see it going either way.
Regardless, good job following up on this. ARNH is clearly worth nothing. +1 awarded.
On the worst of days, it quickly recovered from that level at $0.24-0.25 (USD).. which had previously been a line of resistance for a long time. Might see new resistance at $0.40, our support level during most of December.
So.. I'd love to see us blow past 0.40 by end of this week, because that's a pretty good sign that the gains from the past couple months are more than just a temporary parabolic pump.
Good day for ATTBF. The whole market goes to hell, and ATTBF surges into the green. One of the few cannabis stocks to hold impressive gains by EOD too. Very curious where this heads tomorrow.. it seemed to be sprouting up all on its own today.
Ugh.. red market again, more fear over interest rates and cost of capital going up.. and of course, that's going to freak out F holders even more. Longs are already getting impatient over F margins that were supposed to "improve" but never did.
Hate to say it, but if we don't at least swoop into the 9's temporary, it'll be a miracle that we avoided them. "Stay long and strong" I guess.. but I gotta admit, it's becoming harder and harder to chant that with any enthusiasm.
Thanks and good luck.
Yeah, it seems Adrian really does intend to squeeze every last drop of blood from this corpse. Pathetic, even for a bottom feeder.
Finally washed my hands of this ARNH garbage this morning. Sold and got a little cash back.. which I suppose I should be thankful for. It's better than $0, which is where this scam is going.
I consider Adrian McKenzie a thief that stole from us, as he perpetuated this scam with ARNH hype and shameless shilling.. I'm sure he has some cronies doing his dirty work. I won't be forgetting it anytime soon..
Wow.. is F really going to find a way to move from a 52-week high to a 52-week low in less than a month? Ouch.
Rough day, no doubt.. looks like we're closing at nearly another double-digit loss on a day when many of the popular cannabis stock plays are green.
Notice it's another lower volume day, compared to most days since ATTBF's ascension to the 0.60's. I think the excitement is just dying down and a lot of the people buying in since Dec 2017 are moving on. Really hope Abattis clarifies its strategy with all this recently raised cash and releases some news discussing projects in the works.. we need it!
That's what I'm hoping for too.. I know Abattis previously stated they wanted to be an "Amazon" of cannabis products, starting with Vergence.. but the reality line is that Vergence Sales & Marketing is nothing more than a website and a few products that are known to few, if any, consumers out there.
But Namaste supposedly has the algorithms, data scientists, and marketing team to become recognized and help all sorts of companies start selling. Yes, it could be very nice to see some kind of partnership between Abattis and Namaste..
Thanks for that update, it's actually very good news.. because, for those that don't know, there was a time just before the Abenante era when ATTBF was struggling to stay on top of their reporting and releasing information on time. It looks like they've got a hold of things now..
Ok, ATTBF holders and speculators.. this is just the reality of our situation, love it or hate it. We don't have the full weight of institutional investors or full confidence in the political movement required for these stocks to thrive.. not yet anyway. Now, obviously that confidence, on average, is increasing, or we wouldn't be witnessing all these 200-300% cannabis stock gainers in the past couple months.. but there's still plenty of uncertainty and fear. Just a little hint that legislation will be delayed.. or that the U.S. hammer wielder, Jeff Sessions, is going on an MJ whacking spree.. and it can cause massive fluctuations.
Couple that with the unique situation of Abattis, whom has just completed an interesting acquisition and raised a hoard of cash.. all of which comes with a trade-off, dilution. Now you have more uncertainty, and thus, more volatile price fluctuations. That's what you're witnessing and a part of today, if you're holding ATTBF. I'm counting on management releasing news, hopefully relatively soon, about great projects in the works to put their new cash to use. Preferably, that includes more details about how Green Tree Therapeutics will be integrated into their strategies.
In the meantime, strap in and prepare for a bumpy ride.. or if you can't handle the heat, consider getting out of the kitchen. Best of luck, everyone.
Right, just not much to discuss yet.. unless someone wants to complain about dilution for the 100th time.. or speculate about ATTBF being $2-3 by summer.
I'm waiting to see how they plan to integrate Green Tree and spend their new cash hoard.
Right, those 2 don't really match up, do they?
William Panenka is a dumping machine, there's no doubt about that.. but there are plenty of other directors that could have dumped 100K's, if not millions, by now and have not elected to do so.
You can verify this here:
https://www.canadianinsider.com/company?menu_tickersearch=ATT%20%7C%20Abattis%20Bioceuticals
Wow, yes. Wasn't expecting that. The kind of finish that brings some comfort. In terms of daily gains, that last 30 minutes of trading brought us from the lower-middle of the pack to a spot near the top of cannabis related stocks.
Hate to put it this way, but you could argue that ATTBF has gone up with Emerald at a similar rate, when you factor in all the dilution in the past month from the PP's and the Green Tree Therapeutics acquisition. Not saying we won't benefit from these deals in the long-run, but in the short-run, the share price of OTC companies almost always suffers when they roll out the share printing press.
Yeah if it goes to $11.50, I'm buying a little more to flip at $12.50.. easy money.
I've already planned to hold 5-10 years, and I'll continue with that plan.. but I have a feeling we're going back to $11.50.
If you go on industry consensus, that's a fair statement there.. but I disagree with the timeframe a little bit. I think the right companies will be able to post significant revenue from AV's before 2030. Whether F fits that mold has yet to be discovered..
Machine learning capabilities are advancing very quickly.. and there's a lot of promising R&D going into sensors and IoT to help expedite AV tech. I'm not sure financial or the average "industry" analyst is fully grasping this.. data scientists in this field would probably have a more insightful outlook.
I'd guess William Panenka sits in on product and marketing brainstorming sessions and helps verify the clinical and scientific value to what other directors propose. I don't doubt his input is useful.. just seems like he's shamelessly in it for the short-term.
He also dumped 100K's of shares last year too.. Honestly, this is the type of situation where I'm wouldn't be surprised.. in fact, more like I'm almost expecting.. to hear an announcement within a couple months announcing his resignation and "moving on" to blah, blah, blah...
Geez, William Panenka is a leaky faucet. If he'd sit tight and resist the urge to dump every second he gets, it could certainly help ATTBF keep pace with the rest of the cannabis stocks as they rise:
https://www.canadianinsider.com/company?menu_tickersearch=ATT%20%7C%20Abattis%20Bioceuticals
That's 540,000 shares this guy has dumped in 2 weeks. *sigggh*
Disappointing profits and earnings forecast for 2018.. there it is, I knew it was too good to be true. Something always prevents this stock from approaching $14.. always.
When will I ever learn? Dump in 13's, buy in at 11's to low 12's range and repeat. It never fails.
Pretty sickening that F can never hold these nice openings..
Seriously, if there's even the slightest hint of bad news, like the market is down 0.25%.. or Tesla plans to build a rocket-car and release it in 2050 before F's R&D starts playing with rockets.. or it's revealed that the leader of a Chinese province made a bad comment about a Ford truck back in 2007.. then POP, fsssssh.. the air is immediately let out of our run.
Holding and looking forward to the dividend, but really starting to question why Ford is always beaten down.
You called it. I had the same feeling, just didn't want to jinx us in case a PR came out or something else newsworthy happened and we stayed flat or slid downhill from this morning. I think it's going to take some time.. weeks, not days.. before we hit $1.
Wow, am I seeing that right? Almost $13.40 in pre-market? This could be a very rewarding day for people that watched F flirt around with the $11's for what felt like forever..
Pretty much, yep. First day of trading being open for ATTBF that I see on record is 9/25/2012.. and there was no volume for about 2 months. The next year, 2013, just had a little volume here and there.. early 2014 is when Abattis started to put together a business plan and investors first took notice.
Actually, I agree with much of what you said right there. You have horticulturists breeding some incredibly THC-heavy strains out there.. We're talking about levels that seem to go way beyond basic "recreational" use and medical benefits. Indeed this legalization process needs to be carefully undertaken.
No worries about the lawsuit news, and you have every right to discuss it. I've personally gone down this road several times, feel BLXX v. Abenante isn't strong enough to have a high likelihood of negatively impacting Abattis, and moved on.. but hey, that's just me, personally. I'm a lot more concerned with other factors that certainly will impact this company and the stock in the short-term. For example.. additional PP's and the cost of dilution, initiation of the XLab project, use of their newly raised cash hoard, strategies for product roll outs.. etc.
We discussed that a long time ago in this forum, so if you want the finer details, you can always go back a few pages.. but here's the short-end of it.
It sounds like BLXX was looking for a scapegoat to pin their failure on. We don't even know how much real control of the company Abenante had. A while after this lawsuit was made public, Emerald Health Therapeutics Inc partnered with Abattis. Now, we also see many sophisticated investors flocking to their Private Placement opportunities.. so there really isn't any evidence that this lawsuit is hurting ATTBF in any way. ATTBF's price is highly correlated with the cannabis market, which took a hit last week.. that's by far the biggest reason it's down.
Quid, nice work - thanks!
Are you planning on reaching back out to Kathleen or Hugh? Just a couple questions that would be nice to fully understand where the O/S is heading:
1. Do the issued 246,104,127 shares and Warrants 30,984,008 include both the 1st and 2nd PP's, per the recent PR's as follows?
12/12/17 PR, 1st PP at $0.18 -- 20.3M
1/4/18 PR, 2nd tranche of 1st PP at $0.43 -- 6.3M
1/10/18 PR, 2nd PP at $0.44 -- 15.7M
2. Do the issued 246,104,127 shares include the 30,000,000 shares per the 1/11/18 PR for Green Tree and Winston?
Doesn't make any sense for the 223 million O/S to include the 1st, 2nd, and 3rd PP's. I suspect either the Scottrade rep misunderstood something or you did. That number was posted by Scottrade before they took place. Also, the 3rd PP hasn't even been fulfilled. It would make no sense for Scottrade to increase their O/S record for ATTBF on speculation (no matter how likely) that a PP will eventually be closed.
The good news is.. we can stop with the run-around and calculations now. Looks like Abattis IR reached out with an update, so we can go off that now.