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I too had called up Mike, and know for sure, they are not allowed to buy and are in blackout period. They are expecting something really big and that's the reason for it.
When the news come in, folks who got out will not be able to chase it.
I guess if you are riding on ATTBF and TRTC, both have potential to reach $1 by November.
I can't speak for TRTC how further long it can ride on hype, but ATTBF is way undervalued for what it provides, I think $2 atleast.
If its going up, means someone knows something and very soon there will be news out. I think as early as next week.
This is a easy 20 bagger in near future.
I spoke to Mike, and am telling you that holding this LONG is not a bad decision.
There are two or maybe three possible good news that can happen between 30-90 days starting today.
As everyone is aware, Abattis has diverse stream of revenue and he didn't say much detail except more than one is going to be active very soon.
He understand lot of people are asking him about downfall in PPS, but it is not something in he controls, nor he is allowed to PR just to avoid the downfall. He cannot divulge a lot that is being worked in the background.
The people he has hired recently are top notch and go getters and that's the reason he is very confident about the company.
There are other upcoming markets too where Abattis can venture in US, there are lot many things being worked and it is too early to spill the beans.
How does SPRWF compare to RSSFF and ATTBF. Any inputs.
Agreed, most of the US stocks are getting ready for the ride.
I think ATTBF too can benefit a lot from this new momentum provided they have something lined up in US while waiting for MMPR license in Canada.
Expansion of Phythalab.
Tie up with US dispensary/grower or vapor companies will start the upward momentum.
Management is doing everything right, there is bureaucracy for which he has recently hired right people to get things done. I think this is lotto to get in at this level once it bottoms out.
ATTBF has 68mil shares and is at 0.22
TRTC has 333 mil shares and is at 0.22
I mean this one will fly once they get a PR out with all the activities they are working on behind the scenes.
I don't see any issues with ATTBF, they have 5 mil cash finance available that they can utilize towards acquiring any dispensary or any other business in US while waiting on Canadian MMPR.
I am sure things are being worked and very soon a PR will take this back to where it belong 0.50's.
Phythalabs - has already communicated earlier, they are ready to repeat their business in each and every state where MMJ is going to get legalized, whether medical or recreational.
There are too many options where Abattis can grow itself in near future and it takes time to do the ROI analysis of those keeping the best interest of shareholders in mind.
What do you mean by unrestricted shares hitting the market for Abattis.
The OS count is still 68 mill ?. Am I missing anything here.
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Excellent point. Know what you hold. ATTBF below 0.30 is lotto.
I think staying away from board is the best thing.
This is the most transparent company in this sector. The insiders haven't sold shares, infact both from open market.
Haveing said all this and knowing all this and knowing there are licenses pending which can be alloted anytine in between now and november, i believe only flippers and weak hands are selling shares.
Longs are waiting and accumulating more.
There is not much risk with having more than required quantity of marijuana in case of TRTC.
TRTC can process marijuana into different products cause of their tie up with NRTI - Intergetics
TRTC and generate CBD oil for VPOR.
TRTC know how to make revenue from each and every grain of marijuana as allowed by the state limits.
GO TRTC
That specific shareholder is going to hold it till it is atleast $2.
This stock has capability to go to $4 if they get all the three licenses.
I don't think you still get the point. Someone just posted a link where it was stated that HC is in process of issuing licenses starting next month and its anywhere from 2 to 4 months when they can receive all of their licenses.
No matter how hard you guys try, its difficult to convince LONGs to give up on this specific stock. I could have understood if it was something else, but not ATTBF.
They can get license anytime in next 4 months, so I think by end of October or November is when I am expecting them to announce their license.
This stock will be much higher then.
Thanks for your post.
That gives lot of hope, license is possible anytime between 2 to 4 months.
Agreed, anyway, DEA/FED's have been instructed to respect state laws. I am sure DP has the best interest of shareholders in mind while making any such decision.
We will have to wait for the Eden Labs to get ready and a PR, which I believe is due anytime now.
The Feds/DEA has been instructed to respect State laws. So within the state limits, TRTC if granted license, will be legitimately allowed to do business.
That's why it is very important that more and more state's legalize re-creational marijuana. That will kind of force the federal govt. to re-classify marijuana.
TRTC is one of the best companies out there who have business outside of marijuana that they can use to generate revenue. If DP can turn EG into a net positive, it will go long way in bringing the trust that TRTC has lost somewhere in trying to establish itself as a marijuana company.
I think TRTC is not going touch the plant, but rather lease their equipment/lab to other's and generate income from there.
The way I see things folding is TRTC will get atleast 4-6 licenses in NV.
TRTC doubling their revenue guidance for 2015 from 7 mill to 15 mil.
TRTC turning net +ve on EG side of business.
TRTC selling GrowOp business.
TRTC completing its acquisition of NB Plants
Building brand TRTC and BLUM.
After reading this article, only a fool will sell it so cheap.
The author has said it, it is highly undervalued stock.
it is amongst the Top 7 picks for MMPR in Canada.
http://www.stockhouse.com/news/newswire/2014/09/18/medical-marijuana-update-the-undervalued-seven#SgQk9z6VPpSqbAHQ.99
There are few things that Abattis is looking at.
a> They already know they have secured the license, though not publicly allowed to announce and hence not investing their 5 mil that they have secured from Kodiak finance.
b> Acquiring some dispensary or partnering with producer/cultivator in US, and that's why they have that finance on stand by.
Or , it could be both of the above,
The reason why insiders are buying shares from market explains that. I think the next PR will be huge.
TRTC has license application pending and have set up a extraction lab, If they were not part of MJ industry, their ticker won't be part of the MJ index being monitored.
Sorry dude, stop lying.
All I know is the 9 other companies have got their license approved as per the bnn news link and it's anybody's guess who they are
Just looking at the way ATTBF has been making all the right moves, I am forced to believe they are one of the 9.
Why they are not in a position to come out publicly is something HC know better than me.
The ask is thin, we are soon going to break 0.30, and then its going back to 0.35.
Abattis still can get the CSL , some kind of testing laboratory license from HC. They are the only ones who has applied for this kind of license, similar on the lines of phythalabs.
The latest additional of director who can work his way through all the bureaucracy is what was very much.
With every passing day, Mike is making all the right moves.
I don't think the link posted regarding indefinite hold is TRUE.
I can accept that are re-evaluating existing 13 license producers since they have revised their rules.
Anything like this by HC will invite lawsuits by all of these 1000+ marijuana applicants. Moreever there are more than 40 or so who are real close to getting their license and 9 presumably rumoured to already gotten one.
I think all such companies who are in their last stages to get licenses have already invested atleast 3-5 mil towards building a facility, security and maintenance of it.
Now coming to ATTBF, as mentioned earlier, this company has multi stream of revenue model and that's its strength. It can keep on generating revenue and even expanding in US market while awaiting license in Canada, so I think best thing is to wait and watch.
The elections in Canada where a liberal candidate is ahead in popular vote and might got for re-creational marijuana itself should be a reason sufficient enough to hold on to ATTBF.
Nice try dude, you are not getting my shares for cheap.
You guys are very good with mincing words, but ain't gonna work on me.
TRTC is unable to secure loans on their own terms because of the risk associated with the nature of the business they are venturing into.
Unless they have licenses in place, no financier is going come on board on DP's terms. Rather, right now the financing is more toxic because of the stage the company is in.
It has to show it has enough funds to build the business to get the license approved and once the license gets approved, it can get more funds.
I don't think all that will matter once get secure license and election results are out.
This is good information. Something to keep you from selling for sure.
Too many things going on.
I now feel that the application in Quebec that curiousbuild found the other day could be related to ATTBF
This shows the vision Mike has laid for ATTBF. This is one company that has potential to become next GwPH.
Hiring the right person for right job, as liason to all govt. agencies shows the little steps that ATTBF is making every day.
As someone has mentioned, there is not much update that the company is allowed to provide until as per laws.
I understand your concern as I am in same boat as you, that's what it take to be Long on any stock.
However point to note is that people who leave week to week are flippers, traders and shorts, not the Longs.
If there are some weak hands that get scared holding such a awesome company with all that it has to offer, then its their loss.
I think this is one of the safest long term investment out there in OTC.
Right now the whole sector is down, so even if someone wants to take a chance, they cannot do that, and pretty much most of the guys who are in invested in some or the other week ticker have their money locked and are down more than 80-90% since march.
I would wait for the license and/or november elections and outcome of feb polls in Canada before giving up on my position.
Companies buy their own stock from cash made from revenue/profits, not from the cash generated by selling stocks at different price and buying again as they are aware of the future value.
You really need to take break from posting and get your thoughts clear.
I don't think ATTBF management is just sitting and waiting, rather they are making little progress with each passing day.
Getting phythalabs license is one such step.
I think, its just weak hands who are getting jitters.
When the license comes in and/or sector news comes in, this is going back to $3.
This november will be game changer
http://blogs.wsj.com/metropolis/2014/09/15/n-y-state-senator-looks-to-legalize-marijuana-for-general-use/
This is bound for atleast a $1 in Nov. The election results are going to be favourable and so is the license news,
Two new license issued.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1144430.htm