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Trust me boys, nothing I want more than to get up to $1.00, but the CSL essentially allows them to do what they were already doing with PhytaLab. They were the 3rd leading lab in Seattle and couldn't make enough revenue to justify keeping it open. If they become the "go-to" stop for a half dozen LP's then maybe there is a sustainable business model. I don't know any stoners that would pay $10-$20-$30(?) to test their $20 sack for contamination.
What made me stupid enough to buy this stock at $1.75 was the promise to become a supplier of extracts to patients in need. The "mini GW" that Shark and Withrow touted.
It is nice to see progress. Maybe they can hook up with their buddies at Supreme. Maybe they don't have to dilute for a few more months.
Guay, I don't see so well...where are the revenues?
If good news was imminent, Directors and CEO's wouldn't leave the company. Toilet bowl company.
Hmm..this could maybe possibly be somewhat interesting.
Ha! This is hilarious. No wonder there was such a huge pump.
NEWS!
This stock is a terrible investment.
I agree. Lots of talk about fully legal weed, so LP's are doing well. Some whale spent $100k to manipulate this beeotch
Another 4 days of this and I'm green and gone
It could, but it doesn't. Abattis specifically chose to exit this market.
High bacteria and contaminates could mean BioCube demands, but alas....they are not focused here either.
Best case scenario is a CSL Dealer License, but again...if there was a chance of this happening I don't think multiple CEO's would resign right before their free shares were actually worth something.
Yeah, didn't you hear the news?
Funny Mike likes to talk about up listing! LoL
No. No it won't.
Signed,
Last of the Original Bagholders
Still the best post ever re: WHAM!!
Check the history, it's easy to see those who are objective and those who are not. It's a nice feature of iHub.
Nothing to see here...move along
No dilution since they just handed out 2.6M shares in the last PR, less than one week ago.
Multiple CEO's resigning in the past couple of months is not a good sign for any business.
Doesn't matter for this ticker since they can't sell weed (and probably don't even want to).
Prove it
This is a terrible stock. I call it my tuition.
Emphasis on "yet".
Didn't you read the report? They're going to start selling products soon. Roughly a year later than planned.
Advertising = P&D
You mean "Old News".
Dude, man...this is going to soar! This stock is, like, awesome, man. Ask Jenny from 252B if she wants to join us for pizza.
PhytaLab Update:
As at September 30, 2015, Impairment of Intangible Assets includes:
· Phytalytics LLC. (Phytalab). Phytalab operated and generated revenue in the 2015 period. Recent estimates by the
Washington State Licensing Board indicate that Phytalab held the 3rd largest market share of analytical testing
services in the Washington State with 9% market share. Despite this success and shareholder loans to Phytalab
totaling $390,532 for the year ending September 30, 2015, revenues did not sufficiently cover operating expense.
With Abattis’ focus on revenue generation through product sales, the Company elected to temporarily suspend
operations in October 2015 to prevent further financial losses. Assets were consolidated with Abattis. The
analytical license remains valid and a State re-inspection will be required if and when operations resume in a new
location. To establish a highly conservative fair value for this cash generating unit, the following was considered:
o Recent offers to purchase: Abattis has received offers from three separate parties to purchase 100%
interest in Phytalab. All offers were for approximately $200,000, to include the physical assets that have a
carrying value of $70,000.
o For comparison, the estimated cost to apply for a new license by a qualified applicant in the State of
Washington at present time is approximately $50,000 to $100,000. In addition, once a new application is
submitted, the applicant will wait 6-18 months to obtain approval prior to operations commencing, if they
are successful in obtaining a license.
o Phytalab possesses immediate access to a book of business that will generate revenue upon
recommencement of operations. Very conservatively, the minimum revenue that could be generated by
Phytalab in a 6-month period of time is $45,000 based on historical revenue and existing book of business.
o The fair value for Phytalab was determined by averaging the minimum amounts above to arrive at a value
of $75,000.
I didn't ask because I already know they won't answer.
Abattis has discussed this (and a half dozen other things) for a few years. All they do is change CEO's, change auditors, change Directors, etc.
Copy+Paste is below. They would not divulge how many were publicly traded companies.
"The Controlled Drugs Office is not familiar with the acronym "CSL". For the purpose of this response, we assumed that you are asking how many Canadian companies hold a valid Dealer's Licence (DL) to conduct cannabis related activities.
According to our records, 55 licenced dealers were authorized to conduct activities involving cannabis or its derivatives in 2015.
We hope this information helps.
Regards,
Controlled Drugs Section, Authorizations Division"
Just checked with HC. In 2015 there were 55 companies who had Contolled Substance Dealer License (what we call CSL). That is a lot more than I expected. They would not let me know how many of those were publicly traded.
Not sure why there would be a need for a 56th, hence low priority.
Again, if something like that was imminent, why would the CEO leave the company? Wouldn't Wild Bill have a bunch more shares coming his way? The new CEO seems woefully under qualified.
If there was even a 12% chance of the CSL coming soooon, the CEO would not have left the company. They are a bad company run by bad people.
It's a good way to learn about OTC. I find this stock and message board entertaining.
I don't trust them because of the posters in this site. Like You.
I can't wait. This is going to be awesome. Wham rulz.
Bill obviously did nothing, but this guy sounds like a joke.
He has a Bachelor degree in Exercise and Health Science? That's it? And he's CEO?!?!?!?
Wow. I'm surprised it's only down 18%.
Either that or I'm just objective. You decide.
This stock is going down the toilet.
Watch it go to $0.00001
Not much, since you know...there are other more established competitors out there.
I haven't spoken to anyone at the company in about 9 months but that last conversation led me to believe they are giving up on MMPR which frankly, I am for. Weed is a commodity which means low margin.
Lio is right, they're waiting for ??? To happen so they can infuse these products with CBD, then I think we have potential.
I'm still holding out hope for the CSL, which probably does not require an MMPR to grow or sell weed. (just a hunch).
I do not like the fact that we have another deal with Rene David's company. Just makes me more skeptical. If it was an established marketing company I would feel better than if it were the CFO's other (real) job.
Which one? UPONUS that is fighting with Wham? Or the other random software they just started working with?