Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I forgot about that. Someone explained that on this board a long time ago, and as I recall, Scottrade and some other brokerages show all data and trading options on the OTC (as ATTBF), but actually trade on the CSE. They just don't show that conversion to you.
I believe this is part of the reason that penny pinching buy orders for ATTBF can really be a pain to fill on Scottrade. They'll actually bid a fraction of a cent lower than your buy order, without showing you, to cover the costs of buying on the Canadian exchange.
Is it true you can only artificially cover your CSE position by buying on the OTC? It was my understanding, from a previous post, that you can't really swap shares on one exchange to another. In which case, yes, even if someone was buying ATTBF to offset a previous short CSE:ATT position, at some point they'll have to specifically cover their position on CSE.
ATT last traded at 0.145. At ATTBF's level today, the Canadian equivalent would be about 0.249. That's over a 70% gain from when ATT last traded. I'd say you can expect some covering :)
I have never seen a scenario like this where a stock temporarily ceases trading on one exchange and then approaches nearly double the price on another exchange. Maybe I'm missing something, but I'd think the CSE side would catch up nearly immediately once resuming trading. Can anyone else weigh in on this?
Smells like a distinct pattern, does it not? And it looks like we'll clear 2M volume by EOD with ease. Maybe even before I break for lunch! :)
ATTBF is just under 25M valuation at 0.20. You can argue that future dilution is inevitable and we could easily see another 50M+ shares pop up, and IMO that's absolutely fair. But even considering that likelihood, check out some of the current valuations on other MJ sector stocks. There are weak and essentially garbage stocks trading at 2-3x ATTBF's with no opportunity to shake hands with HC and achieve a clearly recognizable advantage in this industry. I do believe some traders and long term investors alike are going to take that into consideration and switch sides.
Hey welcome back! Looks like the gang of 2014 speculators is reuniting, just with a lot more skepticism this time around, and deservingly so. FWIW, GL!
Sounds like you and I started buying around the same time. I bought more at $0.08 right before we settled in the teens last autumn, and it really brought my average down. Just bought a little more at $0.13. I'm content for now, let it fly!
I believe there's a few $1-2 bagholders that have held on and several $0.20-0.40 bagholders out there that may add some pressure if ATTBF starts attacking $0.30. It's been almost exactly 3 years since the great run-up though and that market was mostly full of short term traders. It may not even make a difference.
Yeeeeep, looking that way. 1 million volume just cleared. Pushing hard against 0.19 again.
Another 40K+ dump in the 0.19's. Yikes.
Settling down around 0.18. Okay, no surprise there, that's been the target all along and we knew this wasn't going to come that easy. We need to finish in the 0.20's the break that once and for all.
Certainly not. Lots of other MJ stocks in the green today, but nothing even close to this. I'll try to keep monitoring the sector to get some clues, but I'll go on a whim and say there's some Abattis news that's just itching to be released and some people 'in the know' are joining the party early. It may simply be that trading on CSE will resume soon.
Very possible. If ATTBF finishes in the 0.20's today or in the next couple days, you suddenly have a concrete wall of support around 0.18.
Wow. ATTBF is cracking resistance levels like they're hollow eggs. Okay, I'll admit this is going to peak my interest and distract me for the rest of the day. The charts closing out last week were screaming for a green Monday, sure, but I wasn't expecting this kind of volume or instant surge upwards. Very nice so far!
Something I would add to your list is that the official report of the task force on cannabis legalization and regulation points pretty clearly to a necessity to control many safety variables in production and distribution. And you guessed it, that certainly includes regular testing to ensure consumers will not be harmed.
http://healthycanadians.gc.ca/task-force-marijuana-groupe-etude/framework-cadre/index-eng.php
Ensuring quality-controlled products that are free from harmful pesticides, fungi and bacteria, heavy metals and other harmful substances is one of the very first topics addressed in Chapter 3, Establishing a Safe and Responsible Supply Chain. If you want to dig around further in that report, you'll find plenty of evidence pointing toward HC limiting license grants and very slowly and carefully adopting new companies. Through Northern Vine, Abattis already has a license.
Well that was disappointing. I thought we might actually see some rebuttals and debate about those points. I have no ego in this, and if someone really thinks Abattis is a hopeless company, let's hear the reasoning. Out with it.
Very nice. The charts and indicators are all lining up and telling us ATTBF is going higher. Of course, if the opposite happens and we sink from here, then Anton, you get the privilege of repeating one of the best lines ever delivered in film.
If the rule you followed brought you to this, of what use was the rule?
Technicals only count for so much with pennies, but find it interesting that if you check a quick technical analysis board, essentially all moving averages and technical indicators point to buy for ATTBF. Only 1 technical indicator out of 11 indicators and all the generally used simple and exp MA's would suggest otherwise. Can't remember a time I saw that much positivity for this stock on a technical level. Doesn't guarantee a thing, but brings a little extra excitement going into next week.
Anyone that checks the CSE quotes regularly, do we have confirmation on the current short interest? For ATTBF, a little less than 140K shares. Anyone speculating on some covering when trading on CSE resumes? Not expecting an explosion past 0.20 or anything, but it could be worth of grabbing some popcorn and snacks and watching the show. :)
Good finish and good week for a stock that was temporarily halted through its more popular exchange. No complaints here.
Ha right? If anyone likes 0.15, it's your lucky day. A whole truckload for sale.
Pushing higher. And hmmmmm.
Bid: 0.147 | 10,000
Ask: 0.15 | 214,100
Some of the biggest stinky pinky scams with no licenses, no value, nothing proprietary, and no products or services in the pipeline with any real potential have been casually mentioned to me because someone noticed my interest and long sentiment in Abattis. Many of those boards can get 50-100 posts a day. Why? Greed. That's why. Far too many look for a quick buck.
If HC just starts releasing more statements about their new regulation system and how establishing a safe and responsible supply chain will be extremely important, a little spark could ignite and send this to 0.18+ easy.
Right. There's lots of motivational speaking for the future of Natcore, which is fine, if you're prepared to camp out. But in the short term, sorry folks, this is probably going at least a few cents lower than 0.20.
Sure, good news could kickstart a return to high 0.20's and maybe more. No offense and GLTA, but if "patience" implies holding and watching the grass grow here, I can't justify that as a good solution. Short of deliberate pumping or miracle news, there's nothing propping this up and keeping us from falling back to 0.15. If I buy back in, it will be in the teens and I'll have 50-100% more NTCXF for the same money I sold at today.
I'm out. Just sold, and no regrets, no matter how we finish this week. 9 times out of 10 when a stock sub-dollar produces these kinds of charts and volume patterns, it's going lower. There's nothing indicating that NTCXF is any exception. Don't try blaming it all on MM manipulation nonsense either. Someone is dumping.
I'll keep an eye on this and decide whether or not to re-enter later.
Yawwwn. Drifting lower again and testing a new support level.
Well that little announcement got us a 1 cent boost this morning. Slipping a little but most volume is being exchanged at or above $0.14. Ripe news can still pop this thing high, but we're going to need more than what was posted today.
Hm. Anyone know why this stock fell apart during the second half of the day? Quite a sell off.
Yawwwn. Let's see where we go tomorrow?
Wow ridiculous. They didn't go bankrupt and on the OTC side the company is still soaring 20-30% higher than it was before the CSE halt. Sounds like your broker's online portfolio application has some poor engineering.
Just glad NTCXF has found some support. Let's hope for some pressure on new 0.28 resistance asap. It's going to need some news to run.
I encourage everyone to not get too caught up in the 2014 past. I remember those days. They were sucker days. Much of the buying and pumping was due to a gross misunderstanding of HC's timeline to legalize MJ. ATTBF wasn't the only stock that blew up from a few pennies to a couple bucks and then flopped back down to pennies like a dead fish.
ATTBF needs to bust through 0.18 and then we can see some action. But don't go expecting any 1500% gains in just a few weeks this time around. That was a phenomenon very unlikely to repeat itself IMO.
Weird movement. We hit 0.15 for a second there. Let's see if we can finish above 0.15 today.
Yes. I was ready to see a lot of red for ATTBF today and couldn't have been more pleasantly surprised. We clear $0.18 and this stock could run anywhere.
Good to know, 1-2 days is shorter than I would have expected. Thanks!
As for the ATT shorts, I'm glad I'm not in their shoes.
Also worth mentioning here, I've really been attempting to work the logic behind today's trading on the OTC. I don't consider myself an expert, but no matter how you slice this, defaulting on exchange requirements and being suspended is never a good thing. All else equal, I'd expect the red sea to come pouring out of the OTC trading. Instead we witness a 30%+ gain. As others are saying, I think there must be some kind of good news waiting to be delivered.
Thanks Punisher. I meant to include a link to that PR earlier. Here's the part I'm unsure about.
It is anticipated that this delay will result in a temporary issuer cease trade order, which Abattis shall seek to remove as soon as the audited financial statements are filed.
Once the statements are filed and Abattis seeks to remove the suspension, I'd guess CSE doesn't just turn around and say "atta boy, let's get you up and trading again today!" I'm sure it takes time. Are you or anyone else familiar with this process? What kind of delay should we anticipate?
It's my understanding that Abattis failed to submit timely audited financial statements as required to resume trading on the CSE. Trading for CSE: ATT has been suspended and will not resume until the appropriate statements have been filed and the CSE verifies they are no longer in default of CSE requirements. How long this process is expected to take, I couldn't tell you.
ATTBF trades on the OTCQB market, which does not have as strict requirements. Here's where things get a little hairy. One of the OTCQB requirements is:
Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange
If Abattis isn't current in reporting to the Canadian Stock Exchange, it's safe to rule out a U.S. regulator as well. Abattis shares through ATT may be suspended, but it's still listed on the CSE, a qualified international stock exchange, so they technically still meet the OTCQB market qualifications as far as I can tell. I expect them to resume trading on OTCQB for the time being.
I found this posted just a few hours ago. Looks like it's a scraped post from the CSE site. Not confirmed.
http://www.satprnews.com/2017/02/06/cse-2017-0204-suspension-abattis-bioceuticals-corp-att-2
TORONTO, ONTARIO–( – Feb. 6, 2017) – Abattis Bioceuticals Corp. is in default of CSE requirements. Effective immediately, Abattis Bioceuticals will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the British Columbia Securities Commission and the Ontario Securities Commission.
Date: Effective immediately, February 6, 2017
Symbol: ATT