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Today's PR absolutely sucks.
Brazos was the main reason I had a little bit of confidence for the long term. He's done it before and knows the nutraceutical side of things.
Now he leaves and is seemingly replaced by three people? This can't be good.
Our lobbyist has resigned too? Nice job Manny.
Smart money sold a year ago.
Dead Cat Bounce?
Crazy action for no reason usually spells trouble long term, but short term there are profits to be had.
That huge article said they were paying people to lease their software.
The insiders are in much higher than this, that is true.
No, I read it too. There is nothing good at all. It shows a link that is a few thousand words about how poorly the company was run and how irresponsible management was.
Wham = missed opportunity.
Bummer. I know people who have lost tens of thousands here. Why can't they turn things around?
..or the whole world?
In 2008 the U.S. Alone purchased somewhere around 38 Billion bottles!
$0.017
Looks like a good price point to take a short position, down down down she goes....
Remember when Mike dumped his 4.5 Million shares on Christmas Eve to a "related party"? He insisted it was in the best interest of the company.
Maybe this "related party" was BiOptic?
Maybe he still has another 2.4M shares he can trade back to us? Or maybe you are right, he believes in the company and wants to hold long term. Either way, we need to launch products and generate revenue because I don't think an MMPR is coming anytime soon, if at all.
I'm told you can't get CSL without MMPR and we know we're not even close to that (despite Mike Tweeting they were almost there a year ago).
I think the nutraceuticals are viable if we execute, it's just going to take another year or so.
They are my pick because I've lost $20k and I'd rather go to $0.00 than cash out here.
I consider this ticker my Tuition.
I agree with you on this one.
Wonder if the article was written by Clicking Capital? I don't think so but how can we find out?
I assume CC helped them in the Private Placement and therefore we owed them a finders fee. I will do some further digging.
Do you know general arithmetic?
250,000 / $0.036 per share = $9,000 per month to the advisor. I need to do some digging on Clicking Capital, but if they help us in any way, it's a reasonable fee.
They just received 2,100,000 shares for some machine that wasn't ready to help Abattis.
2,100,000 / 250,000 = 8.4 months worth of "free" advisory services. All for a machine that was collecting dust in one of our labs.
Oh yeah, we also just received $100,000 CAD, which is cash flow that comes from someplace other than dilution.
I'm down a ton here and basically forced to HOLD, but the last 2 PR's are steps in the right direction.
Does Mike really plan to do something here? I'm surprised to see he actually wanted a physical asset like a FFE.
Disposal of Non Core Assets:
http://www.abattis.com/s/news.asp?ReportID=720203
Interesting we are getting shares back from Mike Withrow, in exchange for his BiOptic shares.
Can't say for sure but online a competitor called Hemp2O is selling a 12 pack for $36.00
I do know it's not a high protein water, like I thought it was. There is only about one gram of protein in it.
Private Placement closed, I guess it's close enough to $300k they decided to stop. I guess the 2nd product will be ready soon!
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aATT-2304442&symbol=ATT®ion=C
Overvalued here at $0.041
You know it wasn't $100m, it was $25m. That money is for an acquisition or two.
Dilution stinks but the hope is revenue from these two products help fund the third, those three fund the fourth, etc. so further dilution isn't necessary after a while.
I agree, this is only $10-$20k max revenue but at least it's a start.
I think another year or so this might be a decent stock.
Another thing Hugh mentioned was that Rene David and Brazos were in Kentucky talking to some people about this:
http://blog.sfgate.com/smellthetruth/2015/05/12/kentucky-cbd-back-to-the-future-with-industrial-hemp/
REVENUE!
10,000 bottles of Hemp infused glacier water sold at Hempfest.
http://www.abattis.com/s/news.asp?ReportID=719693
Also in the PR is mention of the Private Placement. Initially they wanted $150k. I spoke to their IR guy on Tuesday and he said it takes about $150k to ramp up each product. So $300k will be for two products. On Tuesday he said they had about $230k lined up. To invest in a PP you have to be an "accredited investor", which I am certainly not.
When I try to open that link I get an error message that says the server is not responding.
DISCLAIMER: I am trying to look on a mobile device. We all know WHAM has no idea how mobile devices work.
That's not true. A whole bunch of people strongly considered buying today.
Didn't I hear something dilution recently? I'm not sure updated financials would help very much.
Anyone get a call-in number for the shareholder meeting?
I thought it was supposed to be tomorrow but now it shows September?!? Is this a reason for the big sell off?
http://www.sedar.com/CheckCode.do
http://www.abattis.com/s/news.asp?ReportID=705379
"There are other potential divisional developments that will be discussed in the future. Management felt that this update could serve to clarify some of the existing investor questions. Management is also looking into holding an annual investor conference call at a later date that can be dial in."
I meant they accumulated more shares of True Leaf.
Nice update, I bet the market Tia going to love this and volume will pick up.
Er, wait a minute...
So I guess this is a STRONG BUY until it hits $0.25
Yeah, great post, investing here is fun!
I hope we get that S1, I'll set a GTC order at $37.00 !!!
Is that allowed, in order to meet NASDAQ requirement? My guess is it shouldn't be, but it looks like those who have shares are going to start getting some of their money back!
As a reminder, Abattis increased their position in the last filings.
September 2014 they had 800,000 shares.
March 2015 they had 1,333,333 shares.
Is this being manipulated up to get over $1.00 PPS? Huge volume, huge gain, no news that I'm aware of.
Is this being manipulated up to get over $1.00 PPS? Huge volume, huge gain, no news that I'm aware of.
Just for S&G's I put in a small order for 1000 shares to get things moving today. My limit price was much higher than the $0.052 trades, yet I'm not filled. This ticker is crazy.
The WHAM guys
I had an email exchange with Mike in June 2014. E was in Japan and Vietnam, he said 50:50 business and pleasure. Funny.
https://ca.linkedin.com/pub/jennifer-pham/44/451/855