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TRTC does seem excellent for monthly flips. I'm surprised it hasn't pushed a little higher with all the excitement elsewhere TBH.
BTW, the lowest ATTBF reached before the surge these past few days is .017, not .001. Don't mean to nitpick, but the difference in an opportunity for a 800% gain vs a 14000% gain is pretty significant I'd say.
Honest questions here.
1. Who is pumping? Abattis released some PR's and appears hopeful to generate revenue. Throw in the old fellas returning to this board that never thought they'd witness ATTBF above a nickle again, and sure, you have some optimism. But I'm not seeing the pumping.
2. Phytalab news essentially disappeared in 2015. I've tried researching what became of Michelle Sexton and her efforts and I'm only finding old, unhelpful information. Do you know something else?
I love this company for its nearly 5% dividend, but I guess I need to take off my dividend hunting gear on this one and throw it in my swing trading bag. Regardless of what the rest of the market does, F has a pattern lately that never fails.
Bad news. Market data overseas paints a bleaker picture that was forecast a year ago. From $13-14 to $12.
Wait. Ok it's not so bad. Sales are up. Back well above $13.
Rats. That data we talked about a month ago, well turns out it is really scary. Back to $12.
/groan
This just keeps happening.
So next month when this is back in the mid $13's, I might as well dump it and wait for some rabid speculators to send it rolling right back down to $12. It's a machine that keeps wanting to generate quick 10% returns for me. Who am I to refuse?
Just got in @ $2.16. If the sector is coming back, it's time I diversify and I like the numbers OGI is posting so far.
Hoping I can still ride the momentum. Quite frankly, I'm not yet convinced all these stocks are going to soar for another couple weeks without major pullbacks. Think I'll set a stop at $1.90 even.
I'm showing current ATTBF O/S of about 112M. That may not be accurate. I ran into some issues deriving valuations 2 years ago because most of these companies had warrants, options, and pending private placement programs that were worth consideration of future O/S.
If anyone has more specifics on these numbers, please do tell.
This company used to have a valuation of 200-300M in 2014. Obviously, that was way too generous as the pps sank from the $2's to a few cents in 2 years and some of their partly owned operations and subsidiaries never panned out.
The ultimate strategy behind this company was to diversify into all aspects of marijuana, growing, drying, extracting, refining, and selling. In theory, at least a couple of their many arms would start producing. Nothing came of any of it.
What's a fair valuation today? Hard to play that game. Now that Northern Vine has the testing license and Health Canada has indicated this will be an up and coming demanded service, and that Abattis announced plans to start selling some of the products in its pipeline through GDP, a little imagination could lead us to believe that its current valuation below 20M is low.
The only reason it sunk to a nickle and lower is because nearly all investors believed it was a hopeless rotting corpse with absolutely no potential for generating revenue IMO. Even after reviewing the last year, I see Abattis was deathly silent. No wonder the price collapsed.
Now we have back to back PR's in a few days indicating that the company is not only very much alive but has revenue opportunities.
I agree with those of you saying it will take some time for many others, especially the big players, to notice and think about buying back in. They all wrote off ATTBF as dead, buried, in the grave long ago.
Wolf just mentioned on Twitter that the pot stocks are flying higher like in the old days in 2014. No opinion issued on ATTBF, though I caught some public replies asking him to look into it.
Wow and here comes the explosion...
For the record, I do think this will surpass $60 and approach $65 by the end of the year. The Macau drama seems to have ended and a strong reversal ensued. We're not done yet.
I really like the sound of positive cashflow at this point in this sector. Research time.
I guess the next step is to determine if OGI's valuation of 130M is reasonable and where it could go from here.
That's what I'm banking on as well. RDS hasn't let me down yet. I picked this up in the 30's at a 9% dividend rate. Even today at $50+ and a $7% dividend, it's hard to pass up.
Anyone have a wild projection for tomorrow? ATTBF closed on quite a strong note today. 3 days in a row of explosive green would be excellent...
Same here. I'll be watching carefully until the close. Really curious to see how we end things today.
Hey, worst case scenario:
We're all back in business and together once again! Welcome to the reunion of ATTBF Bagholders Anonymous. Cheers, friends :)
I told myself last night that I wouldn't throw any more money at Abattis unless we had volume confirmation of 1M+ today. We reached that in less than half an hour.
We're at nearly 2.5M and looks like a couple sizable trades just came through to the tune of 300K. Wonder if we'll be lucky enough to witness an end of day rally here?
Oh yes, I remember in 2014 when MINE hinted at the production of MJ products to catch the wave and ride it up. What a disaster this company turned into. I'm glad I didn't touch this POS.
Though there were some of you 1-2 years ago that claimed you really enjoyed their Sparkling Ice knockoff products. So, at least a slim few enjoyed a healthier alternative to Coca Cola for a split second. Hey.. just trying to find a silver lining here :)
Another 52-week high today. Doesn't need much to bust past $60. Been a fun ride buying in at $38 earlier this year, collecting the 7% dividends and watching it soar.
There it is. Thanks. It wasn't listed on the website.
"The Company also announces that Michael Yung the Chief Executive Officer of Abattis has resigned. Mr. Yung will be replaced by Mr. Rene David on an interim basis while the board of directors appoints a new CEO.
These are exciting times for Abattis and the state of the Medical Cannabis industry and we wish to thank Mr. Yung for assisting with our most recent sales and marketing effort into Asia where we have made great progress from our recent trips to Shanghai and Korea. We wish Mr. Yung the best of luck with his new project."
He must have, yes. I'm discovering that now. I didn't see news or an official PR on it, but I see that all releases since September list Rene David as CFO and interim CEO. It also looks like Mr. Yung and others received compensation in common shares after the period ending August 31st.
New CEO Michael Yung. Who is he?
That's what I'm trying to figure out. He's a contract executive, and I would have originally guessed the board just wanted an interim chief to keep the company afloat a little longer. However, I think the addition of Mr. Yung was more strategic than that. Here's some of his publicly available professional experience:
National CRM & Sales Force Effectiveness Manager
- GlaxoSmithKline
Regional Sales Manager - GI and Anti-Infectives
- AstraZeneca
Regional Sales Manager
- Device Technologies
Head, Learning & Organizational Development
- Device Technologies
Coaching, Professional Development and Knowledge Acquisition
- Private
Digging further, a lot of these positions focus on sales and marketing assessment and development. The other day I expressed my concern that even with NV receiving the license for testing, Abattis might have a tough time building influence and making the necessary sales to drive revenue. Michael Yung could be the desperately needed tie to bring this all together.
Any thoughts or other pertinent information I may be missing out there?
You and I are in the exact same boat. Only minor difference is I started buying shortly after the boom and after ATTBF fell below $1 in 2014. After my addition today, my average is somewhere in the high 20's.
I held on in case what we're witnessing today ended up happening after all. Looks like the entire sector is flying high. Comeback? Guess the jury is still out, but yes, I think it's worth keeping tabs on Abattis and researching everything that's transpired from 2015 to present.
Out with the old, In with the new.
Who is Michael Yung? Up next...
Admittedly, I'm tempted to pay $42 for 1 mo just to see what Brochstein is now saying about ATTBF again, if anything. Guess it frustrates me to consider returning to that road. Quite frankly all the FITX clowns and emotion over there wore me out.
Wow, after the 2 year slump, I was going to be pleased to just see ATTBF stay above 6 cents this week. We just painted our first double-digit trade in... what? About 15 months?
The news was more substantial than I thought. Couple that with the likely fact that a lot of the frustrated longs from 2014-2015 probably already gave up and sold out. We'll be met with some inevitable profit taking along the way for new buyers last week, but I'd guess the old bagholders club shrunk quite significantly and won't be piling on the otherwise expected selling pressure. It may have wings to rise to the teens very quickly.
I added 20% to the ATTBF position I left behind in 2014. Let's see if I'm a genius or a fool by end of day. I'm really liking the momentum picking up. Nearly 200K vol in the first 10 minutes.
Not sure about activity by the shorts, but I sure wouldn't dare hold on to a short position now. You might as well light a match in a room with an overpowering stench of gas. No guarantees, but continued communication and positive news can probably propel this thing pretty quickly.
I remember many holding ATTBF 1-2 years ago that were looking at a loss of 80-90%+ if they sold, so they figured they might as well hold on for a miracle pop through 2015. The action a week ago sending it over 6 cents may have sucked a few of them out and closed out some of the selling pressure we'd otherwise be witnessing this week.. potentially as early as tomorrow morning.
I'll be impressed if ATTBF can simply hold 6 cents the rest of this week. That would be very telling by itself IMO.
Do you or anyone else know if Brochstein and his 420 Investor group still has eyes on Abattis? It's my understanding he dumped regular coverage and chart review on ATTBF shortly after Withrow backed down from CEO. A little excitement generated from that pack and a couple others easily sends this into the teens IMO.
Thanks. I'll take a read.
That's one outcome where I suppose NV could make a dent. If demand explodes, someone has to answer to call. But that's IF.
Right. Where’s their big gunslinger salesman in this process? What director remains that still has that kind of influence?
Also NV is “one of the only testing facilities in the Lower Mainland of British Columbia” but does geographic proximity to LP’s really matter? What other competitive advantages are being brought to the table? There’s apparently 18, potentially more incoming, other choices out there.
Happy to see the green today, but if I’m going to allow this company to take even an iota of my personal investigation time again, I want to discuss the practical nature of this impending resurrection.
"The Northern Vine facility would be one of the only testing facilities in the Lower Mainland of British Columbia and one of 18 in Canada. Abattis is very proud of this accomplishment and is looking forward to moving to the revenue and growth stage of the Company for its investors and stakeholders."
I guess the burning question that comes to mind is: Will enough demand exist for these services to put solid revenue numbers on the board, even in 1-2 years?
What a hilarious surprise. It was really starting to look like after Withrow jumped ship ATTBF was crashing below a penny and never looking back. I thought this was a dead POS that was going to slowly rot away. And it still might be... But I'll at least get out the popcorn and watch the previews.
I never sold a single share I bought in 2014 and was about to start shedding them to pad the taxes. Maybe there's at least a little action to be had beforehand.
I couldn't get filled in the mid 14's today so there are less ATTBF sellers than meet the eye. This is starting to stabilize.
That's my only outstanding concern right now. If 66 Mil outstanding shares turns into 200 Mil this year ouch! We all feel the pain.
No pity here. He and everyone else already had the chance to buy below 10 cents. It was extremely undervalued and now that a strong communication presence is being built we're starting the climb back to a quarter IMO.
Would you like to elaborate? I'm curious what "right thing" you are referring to here?
HC has made a pretty poor effort to issue any license in Canada. I recommend you research the latest articles on MMPR approval. Real Biocube revenue alone could push this to $1.00, and we don't even necessarily need HC to wake up.
I emailed the 420stocktalk guy this morning asking if something can be put together for ATTBF discussion. Waiting for a reply.
And as of today, I've never been more curious as to where those 4.5M shares are sitting right now and what will become of them.