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Oh but wait----Mike stepped down as CEO, that is not good-----(Sarcasm at its finest).
Mike W. stepping down means he is following his passion, while residing at ATT:CSE and ATTBF
Remember its best to place people where there strengths are and it looks like starting today we can finally see what he has been working on, its called leadership decisions----play to your strengths---This adjustment was a good move on the companies part and for Mike as well IMO.
ATTBF
Shark
Exactly.........Sweet deal....
ATTBF
Shark
I here you, hopefully things pick up here, given the fact in my opinion, we are incredibly oversold.
RSI is @ 21
ATTBF
Shark
ATTBF
Pros and Cons.The recent disclosure put out has nothing to do with the company being in the wrong and everything to do with reminding the investors that there is alot in the works and some of the licenses might not happen, because as with any start up company there are risks, economic (capital), political (HC), competition ect. There are a lot of folks here that just can not take any uncertainty or risk, (Then all speculative stocks are not for them). This disclosure was to bring about a higher level of transparency in my opinion. Notice too the financials were audited. Remember why is ATTBF held to such a higher standard from investors than the other MJ stocks? The answer in my opinion is because it is better than the other ones (The most potential).
Here is what I think:
Reasoning:
1. I am pretty sure the reason why Mike W. is switching to another position in the company is for reasons that are beneficial to the company and it's share holders as well as him. Now Mike Withrow, because he is not a director can say more publicly and become a part of international marketing, from what I have gathered, there have been some advancements in BioCell Labs and the Extraction Division. ( Although the timing of this transition was not good, Im glad to get it out of the way)
2. I believe the company has some monster updates and have been working hard to make sure any updates that are released are already closed so Abattis Bioceuticals' shadow company (it's competitor) does not just follow them around and try to poach their ideas and contacts and connects.
3. I believe some subsidiaries are worth far more than others, the company can not put all effort into all the brands. The big brands here are the partners (Experion, Phytalitics ect.), BioCell Labs and Northern Vines and Biocube as well. But I also know at any point any of these brands can be monitized and Abattis will probably retain the majority stake on it balance sheet.
4. Now that the CEO is changing according to my research William Fleming has direct connections with the aboriginal tribes in Canada. Mike W. has stepped down as CEO to formal position, as deal closer of the company, as soon as Feb 1 happens, he will no longer have a boarder line gag order from keeping him speak (He is no longer the CEO, but a great face of the company and marketeer, he is very much still a large functioning part of the company and it's founder).
5. The IR department needs a lot of work- not diving into detail the timing of every PR is off. The content is almost always 100% mis read by the market----I believe the company is working diligently at addressing this.
6. The technology this company has with out the MMPR and the HC licenses is very impressive. On the extraction side of any plant based medicine there is no better IMO.
7. The BioCube is really amazing and fits well with the Extraction Division of Northern Vines and BioCell Labs.
8. Our investor base is left with the strongest group of investors. The traders are gone, when they return which they will the stock will move at least 2-5X in short order. Really 500K USD of buying will clean the whole elusion up that the company is in trouble. Even if the assets mainly cash are drawn down the market does not know what pending deals are around the next corner or understand the value of ATTBF or ATT if all it's subsidiaries were fully monetized . The fundamentals of the company are/have been changing, the average retail investor just can not read into it that far.
9. It is my belief these changes that are occurring will better line the company up to move into the next stages of licensing. Even though with out the license this company will eventually become the largest international extractor of MJ and other plant based medicines. The technology and talent is just to much to argue with, based on my private research and DD.
10. All start ups go through this. Remember the management team that are apart of this company are wealthy, at any point in time hey can do a huge buy on the open market cleaning up the ongoing bear raid and the corporate raiding that has occurred. Also keep in mind any one could come in on the cheap and scoop up a large percentage of the company. So Management must be aware that we might become a take over target. As a retail investor it is your job to do what is best for you.
11. I believe we are reaching the point of maximum financial opportunity the DD is there:
insert-text-here
12. ATTBF & ATT's biggest asset diversity, there is no other MJ or Plant based Extraction company with the Diversity in brands and in technology.
OLD POST:
Actual Phytalab DD and Update
http://www.thenewswire.com/archives?tnwarchive2=release_id%3D13172
http://finance.yahoo.com/news/abattis-phytalab-receives-cannabis-lab-120100288.html
http://www.abattis.com/s/news.asp?ReportID=680323
Lawsuit to protect share holder value and knock out competitor
Documents for injunctive relief read previous link for why.
https://www.dropbox.com/sh/u3pjolc0rmvury2/AAArns2YTN7b1o-2P1aKMuKGa?n=23941630
NEWS TRO GRANTED 11/11/14:
http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_11_11_11_16_45_ATT_Abattis_Obtains_Emergency_Temporary_Restraining_Order.pdf
Courtesy of curiousbuild:
http://www.docdroid.net/l2ga/tro-order.pdf.html
http://www.docdroid.net/l2ga/tro-order.pdf.html
Also here is where we are now.
up listed to otcqx
http://finance.yahoo.com/news/abattis-makes-history-first-marijuana-120000768.html
Multiple MMPRs in progress
http://finance.yahoo.com/news/abattis-announces-zoning-approval-experion-134801203.html
http://finance.yahoo.com/news/abattis-acquires-16-200-sq-192800598.html
Fertilizer Line in tact.
Sub-licensing out bio cube
http://finance.yahoo.com/news/abattis-sub-licenses-vertical-grow-120000278.html
http://finance.yahoo.com/news/abattis-biocube-licenses-terrasphere-vertical-130300784.html
Know what you own and why you own it
Stock is super oversold
http://stockcharts.com/h-sc/ui?s=ATTBF
Shorted too.
http://otcshortreport.com/index.php?index=ATTBF&action=view#.VFN8Jye9KSM
Attbf
Shark
Still wondering what is going on with this ticker....some day, still waiting, hanging in there along with my other 5 shells.
HYSYF
It's just insane, if people understood how these options work they would not have read the financials like they did.....and of course any discrepancy in understanding is exploited. Major market over reation here, read my post about how it works....
Long
Attbf
Shark
That is does.....there is going to be some major updates on the way....
ATTBF
LONG
and not running for the hills, even when its layed on thick.
Shark
THE MARKET AND HOW ATTBF COMPENSATION WORKED:
The pay the CEO and Board received was average. The stock based compensation on the other hand now does not look average, it was given at a time when it looked like the company was head to a 250 Million Mkt Cap. and the stock was over $2.00 Hindsight is always 20/20..... now it looks exhorbent, if the stock was at $10, no one would be saying it was.
Its a fact ATTBF will lose some investors because of this....but going forward I am sure everyone is aware that the stock based compensation has to be inline and reasonable, at the time when the majority of the incentive based options were being given the whole sector looked like it was going to be licensed the next day (Future Value of earnings), next year will look much different.
Too boot--No shares exchanged hands with the options. People need to remember how these options work.
A NOTE ON HOW THE OPTIONS AND STOCK BASED COMPENSATION WORKS:
"The Board and consultants received stock options that had to be valued at the time of reporting according to the share price. Those options have a strike price 2-3x the current share price. No money changed hands and none of the Board/insiders sold any shares in the open market that would dilute or depress the share price. The total outstanding shares did not increase - all of the options had been previously set aside for distribution - it just happened in 2014.
The accounting line reflects absolutely no impact on common share holders and to say it does is a complete fabrication, let's get at least the basic facts correct. There are many tutorials online re: how to read financial statements and basic GAAP accounting principles." ~SFP
Long
ATTBF
Shark
Exactly--folks forget this was all non-dilutive, an pre-determined. For Management the stars aligned thats why the options became worth so much. But everyone twists the reality.
Good post buddy.
Long
ATTBF
Shark
REVENUES
Empirical Labs---just so everyone is aware---but no one did any research has products ready to go, and Abattis can label them for sale. ($)
Phytaltics---Service are avaible ($)
BioCube along with the Fertilizer Line are functional--it's just a matter of time before they are commercially available ($$)
The Extraction Tech. (Working on Extracting numerous things)----not being publicized but any one who has done some looking around will verify thats the case.
Raising Capital
Raising Funds----DEBT/EQUITY----if the company raised funds through stock offerings of its Subsidiaries and ATTBF owned the shares , then ATTBF raises cash........
No one noticed but I also did some DD and ATTBF has another subsidiary, that none of us know anything about its in the IBOX.
Keep in mind this is all ideal,
but there are several directions the company can go and if it chooses to go down a certain path, renewed interest will occur here, up top is what is known......
Also it's easy to beat on on stock when it's down. It's hard to make the decision to be contrarian and go against the trend........Keep in mind other companies like (American Green, CenBio Tech) have a ton more shares outstanding and market caps 10X ours not to mention companies with less shares than us (CannaVest)
have market capes 30X ours........
When will the market realize our stock pice below .10 is a joke, the stock belongs much higher based on comparative analysis.....
But let me guess, there are 101 reasons why thats not true, and they can be summed up in one line all in caps..........look at the facts for your self not peoples opinions.
LONG
ATTBF
Shark
You and me both its incessant----for the last 4-5 months non stop-----
The DD is in above...for ATTBF
LONG
ATTBF
Shark
This looks like its moving up.
ATTBF could do a huge move up on some large fundamental development,
and we would still here the same board nonsense.
Long
ATTBF
Shark
TIRING THE SAME POSTS:
Remember READ DD Posts.
LONG
ATTBF
Shark
Look If you think everyone is not down who is long I get it, but take a look at the DD up top in the IBOX.
Now realize having an application in with HC is like having a GAGORDER. So there are things you and I don't know because the company can not say. Moving forward, I am sure we will get some updates now that the changes and disclosure was done.
What was accomplished is up top in the main page:
OTCQX up list
Company raised 3M in funds---which rented space, BioCube opperation--continued with extraction work and research.
Bought 51% of Phytalitics,
Phytaltics got licensed
BioCube manufactured
Company leased space
25% Experion bought for 25% of Northern Vines
Company Phase 4 with BioCell License
So the executives have done work...............Acting like Mike W. and Rene did not accomplish anything in 2014 is not true, not to mention Mike W. traveled all over to raise capital to launch the company.
Long
ATTBF
Shark
Let me ask you this, would you rather the company issue shares to the public then pay the various consultants and executives, or would you like the company to take on debt to pay folks.... or would you like the company to not pay the founder and other executives that put their own money into the company to begin with. Or are you just saying that value seems high given the fact the revenues are incredibly low?
No matter what everyone is not going to work for free. The deals that were struck in 2014 did not just find the company themselves. It all takes time and money.
LONG
ATTBF
Shark
Folks are loading the boat.
ATTBF
Yes, and it is my understanding that the executives continue to put some of their own funds to work for the company. These guys want to create long term value.....
LONG
ATTBF
Shark
I agree, i'm not really that concerned.
Yeah there is some huge bids floating around
I could not agree more. HC and BCSC= GAGORDER.
It's sick.
Yeah,
If you really drill down GAAP standards make companies report a certain way. The truth is if we remove the 4.7 million in expenses created by issuing shares to pay everyone, the company did not lose that much. But with any accounting equation shareholder equity has to be taken into account. But I will say if 4.7 million was on liabilities, instead of expenses I would be worried.
The market sells off because, they read the verbage and panic, instead of looking at the big picture, they hang onto one or two paragraphs that are standard language in any speculative annual report.
Looking high level. I think if all the subsidiaries were fully monetized the company would be much stronger looking.
Its a hell of an opportunity here.
Long
ATTBF
Shark
Its on the SEDAR Filings and they are audited.
The thing that I think is crazy the bulk of the loss comes from share based compensation.
The reality is, instead of taking out loans thats how the company payed it's executives.
A better move than taking out debt financing. They are better than I thought as well. But the expenses are no where near what they are reflecting because 4.7 million in expenses was share based compensation. Either way. They are better than I expected. Here is the link:
insert-text-here
I found them reading now.
Everyone keeps saying he is gone, he is doing international marketing of the company ect.
on a brighter note:
HUGE Accumulation going on:
insert-text-here
look at the Accum/dist line and the 50 day is at .15---- if we break .15 it could shoot right to .40s
I am still going to be long, READ. Pros and Cons.The recent disclosure put out has nothing to do with the company being in the wrong and everything to do with reminding the investors that there is alot in the works and some of the licenses might not happen, because as with any start up company there are risks, economic (capital), political (HC), competition ect. There are a lot of folks here that just can not take any uncertainty or risk, (Then all speculative stocks are not for them). Remember why is ATTBF held to such a higher standard from investors than the other MJ stocks? The answer is because it is better than the other ones (The most potential).
Here is what I think:
Reasoning:
1. I am pretty sure the reason why Mike W. is switching to another position in the company is for reasons that are beneficial to the company and it's share holders as well as him. Now Mike Withrow, because he is not a director can say more publicly and become a part of international marketing, from what I have gathered, there have been some advancements in BioCell Labs and the Extraction Division. ( Although the timing of this transition was not good, Im glad to get it out of the way)
2. I believe the company has some monster updates and have been working hard to make sure any updates that are released are already closed so Abattis Bioceuticals' shadow company (it's competitor) does not just follow them around and try to poach their ideas and contacts and connects.
3. I believe some subsidiaries are worth far more than others, the company can not put all effort into all the brands. The big brands here are the partners (Experion, Phytalitics ect.), BioCell Labs and Northern Vines and Biocube as well. But I also know at any point any of these brands can be monitized and Abattis will probably retain the majority stake on it balance sheet.
4. Now that the CEO is changing according to my research William Fleming has direct connections with the aboriginal tribes in Canada. Mike W. has stepped down as CEO to formal position, as deal closer of the company, as soon as Feb 1 happens, he will no longer have a boarder line gag order from keeping him speak (He is no longer the CEO, but a great face of the company and marketeer, he is very much still a large functioning part of the company and it's founder).
5. The IR department needs a lot of work- not diving into detail the timing of every PR is off. The content is almost always 100% mis read by the market----I believe the company is working diligently at addressing this.
6. The technology this company has with out the MMPR and the HC licenses is very impressive. On the extraction side of any plant based medicine there is no better IMO.
7. The BioCube is really amazing and fits well with the Extraction Division of Northern Vines and BioCell Labs.
8. Our investor base is left with the strongest group of investors. The traders are gone, when they return which they will the stock will move at least 2-5X in short order. Really 500K USD of buying will clean the whole elusion up that the company is in trouble. Even if the assets mainly cash are drawn down the market does not know what pending deals are around the next corner or understand the value of ATTBF or ATT if all it's subsidiaries were fully monetized . The fundamentals of the company are/have been changing, the average retail investor just can not read into it that far.
9. It is my belief these changes that are occurring will better line the company up to move into the next stages of licensing. Even though with out the license this company will eventually become the largest international extractor of MJ and other plant based medicines. The technology and talent is just to much to argue with, based on my private research and DD.
10. All start ups go through this. Remember the management team that are apart of this company are wealthy, at any point in time hey can do a huge buy on the open market cleaning up the ongoing bear raid and the corporate raiding that has occurred. Also keep in mind any one could come in on the cheap and scoop up a large percentage of the company. So Management must be aware that we might become a take over target. As a retail investor it is your job to do what is best for you.
11. I believe we are reaching the point of maximum financial opportunity the DD is there:
insert-text-here
12. ATTBF & ATT's biggest asset diversity, there is no other MJ or Plant based Extraction company with the Diversity in brands and in technology.
OLD POST:
Actual Phytalab DD and Update
http://www.thenewswire.com/archives?tnwarchive2=release_id%3D13172
http://finance.yahoo.com/news/abattis-phytalab-receives-cannabis-lab-120100288.html
http://www.abattis.com/s/news.asp?ReportID=680323
Lawsuit to protect share holder value and knock out competitor
Documents for injunctive relief read previous link for why.
https://www.dropbox.com/sh/u3pjolc0rmvury2/AAArns2YTN7b1o-2P1aKMuKGa?n=23941630
NEWS TRO GRANTED 11/11/14:
http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_11_11_11_16_45_ATT_Abattis_Obtains_Emergency_Temporary_Restraining_Order.pdf
Courtesy of curiousbuild:
http://www.docdroid.net/l2ga/tro-order.pdf.html
http://www.docdroid.net/l2ga/tro-order.pdf.html
Also here is where we are now.
up listed to otcqx
http://finance.yahoo.com/news/abattis-makes-history-first-marijuana-120000768.html
Multiple MMPRs in progress
http://finance.yahoo.com/news/abattis-announces-zoning-approval-experion-134801203.html
http://finance.yahoo.com/news/abattis-acquires-16-200-sq-192800598.html
Fertilizer Line in tact.
Sub-licensing out bio cube
http://finance.yahoo.com/news/abattis-sub-licenses-vertical-grow-120000278.html
http://finance.yahoo.com/news/abattis-biocube-licenses-terrasphere-vertical-130300784.html
Know what you own and why you own it
Stock is super oversold
http://stockcharts.com/h-sc/ui?s=ATTBF
Shorted too.
http://otcshortreport.com/index.php?index=ATTBF&action=view#.VFN8Jye9KSM
When the turn around happens it's gonna be too quick to get shares.
Long Attbf
Shark
Moved into a manufacturing partnership in CO., Abattis is on Stage 4 with our MMPR for BIOCELL LABS (Under Review) and the company is positioning its leaders in roles that play to their strengths, and the market sells.....this falls into a once in a life time opportunity. ATTBF is undervalued, LIODOG said earlier the market does not know what is is truly worth.
Long
ATTBF
Shark
I got some bids in....
Its basically a fire sale IMO.
Long
ATTBF
Shark
Hanging in there.
BOVKF
Mike's new role is to help position the company for growth.
Any one who is out here saying otherwise simply does not know the facts.
The company as usual is doing all the right things.
Long
ATTBF
Shark
This is the largest opportunity in the sector, if not the biotech field.
Know what you own and why you own it.
Long
ATTBF
Shark
Exactly.
ATTBF- is positioning its self.
Look I agree with that, the company is great, the IR. Department needs work. Just remember the cheap shares now!
Long
Attbf
Shark
Mike Withrow is not leaving the company!!!!!
The market is acting silly. Mike W. is still a major shareholder, he is adjusting into a more focused role.
Read the PR.
FOLKS THE TEAM IS GROWING TO BETTER POSITION THE COMPANY.
It's not bad its good.
Long
ATTBF
Shark
Mike W. is still a major part of the company.
The team is building.
The share price was a big over reaction.
Long
ATTBF
Shark
http://finance.yahoo.com/news/abattis-alligns-talent-mike-withrow-132100794.html
http://finance.yahoo.com/news/abattis-names-william-fleming-cfo-183500943.html
THE INCOMING CEO William Fleming, brings a TON to the table more DD to follow.
MIKE WITHROW ---- still a major shareholder---- he is the companies "Deal Closer" IMO.
He did a hell of a job launching the company.
The market, is jittery. There will be more to come.
Long ATTBF
Shark
More UPDATES TO COME.....AND YES I'M SURE THE INCOMING CEO, WAS WELL THOUGHT OUT.
READING CJ 13 POST SEEMS LIKE HE HAS A TON OF EXPERIENCE.
LONG
ATTBF
Shark
I agree with winning-man these seems to be good news. I'm glad Mike is on board and we get another CEO in place with a vision to go to grow the company. Mike is a good deal closer so I'm glad he is still on board internationally.
Long
Attbf
Shark
Many pharmaceutical companies have high valuations with out profits, because they are valued on their potential for future earnings based on the technology they have. Attbf should be no different.
Attbf
Is one hell of an opportunity down here.
Long
Attbf
Shark