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And how is it taking away focus - folks can chew gum and walk at the same time. If your rights are being stolen - you sue to protect them. Or - you decide they have no value. Once you allow one group to do something - everyone will do it. Would ppl prefer the company act like a wuss and let stuff just "happen" oh well. I mean - it ain't like the lawyers are shifting their focus from building the grow area with their own nails and hammer and shoot - now having to go to court so the hammer and nails are idle. Does anyone on this board actually have any experience in running companies? I'm not seeing it from the comments.
No - that's wrong. The TRO in Washington state can cover any other state - it is an order against the parties to act or not act in a certain way. The free lawyering around here is pretty poor.
State court suit filed Friday afternoon. Hearing is Monday afternoon. Jurisdiction is not at issue here - get ready for whoop ass ...
Yeah - if you can't even use the correct terms - hmmmm. And the lawsuit was refiled Friday evening. Hearing on Monday.
Did you read it?
You might want to read it again - it doesn't say that.
Really? Don't see it as a disaster at all - federal judge told the defendants that they didn't win. Simply said - not going to allow in fed court. State courts are usually faster - my guess, hearing will happen Monday.
Entire PR on lawsuit:
Vancouver, BC / ACCESSWIRE / November 7, 2014 / Abattis Bioceuticals Corp. (the "Company" or "Abattis") (OTCQX: ATTBF) (CSE: ATT), wishes to advise its shareholders that the U.S. Federal Court in Washington State has this morning declined to exercise federal jurisdiction over the Company's recently announced claims. As a preliminary jurisdictional matter, the court indicated that it did not believe it was an appropriate venue for legal proceedings relating to the state's Marijuana industry. While the Court stated that the Company had fought "valiantly" during the hearing in advocating for federal jurisdiction, it also made plain that, unlike other jurisdictions throughout the U.S. which had exercised jurisdiction, it was bound by a prior legal decision from the ninth circuit that narrowed the ability of the Court to exercise federal jurisdiction in a similar case. The Court took the extraordinary step, however, of warning the defendants that it's decision to decline exercising federal jurisdiction should not be considered "a win" as the Company was likely to refile it's allegations in Washington state court. As predicted in the ruling, the Company is in preparations to immediately refile its complaint and seek a temporary restraining order on an emergency basis in Washington state court. Unlike the federal system, Washington state courts generally align more closely with state law on claims based on disputes within the Marijuana industry. The
Can someone please post what is actionable in libel and slander - it isn't what you folks think. Especially in the U.S.
It's an opinion, liodog. No facts needed. Just like it is my opinion that.... People need to stop letting a little group of "trolls" push emotional buttons. It was a study in psychology watching the whole hostile take over today. WTF?
No - there is no plausible answer now. He's hoping some miracle happens.
No problem - not sure where pension info came from - Google is great but...
Don't know if Brazos dude is insider - but I don't see him selling either so maybe?
60 days is wrong - you're confusing employee pension plan item with insider trading imposed blackout for corp governance reasons. Lasts as long as the company insiders are in a position to have knowledge not openly known on market. Just FYI.
Hi - if you notice, I don't attack anyone on this Board personally - so appreciate if you'd do the same. As I said before - I have no stake in this company and will not in any manner. You can accuse me of all kind of shenanigans - but maybe someone will stop and think for themselves with some of my posts.
I notice you really didn't address my question - what product right this very moment is Nicky selling/growing that he can sell in next 6-18 months that will generate these revenues? How many big "agreements" with Mastronardi and others has Nicky announced over his career? Which of these deals ever ca,e through? I understand the desire to be positive and look forward to these things ... but past performance does and can indicate things about the future. I suggest folks go further than Nick's self-serving PRs and the self-myth he has created. The facts and circumstances really don't support that myth.
Perhaps you should see how many "deals" Nick has announced with Masteonardi over the years. Wishing there is a counter suit isn't a substitute for actual grounds. Let me know when you actually know of some reason for Nicky to countersue that is grounded in factual basis.
Just curious - if you have no product to sell, how will revenues be coming in any time soon?
Hearing is this Friday as Curious posted. Apparently Nick and them "hid" from document people so hearing had to be postponed - and court sets hearing date by its schedule. Companies don't usually talk before hearings - courts read paper too. I'm thinking that is why Nick has said nothing in response IMHO.
Shark - that Guy attorney is Canadian and can't do the lawsuit in the US. Looks from the court records that it's the IP director firm handling the lawsuit and a Washington firm.
I have no idea on that one. The First Nation laws are even more confusing and convoluted than the MMPR and HC regs - if that is possible.
Ok - so, you've told me that Nick's money is backing this and a handful of others. Do you know where Nick keeps his money? In his wife's name/foundation as she is a First Nations person and pays no Canadian taxes. And remind me - that incredible work ethic - what has he ever actually commercially completed or got into operation? Anything other than what Nick has told you he has done?
Here's the deal - all I ask is for you to look at the trades with an open mind and ask yourself if the type of trades, who is trading, and the timing/size/bid/ask are those that look like open market independent purchasers? If you can look at those things and honestly believe they are legitimate open and independent trades - then we can just agree to disagree. My goal here is to help some folks. I've stated before and I will state again - I own no shares in Affinor, do not intend to own any shares, nor am I shorting the stock etc.
Good luck to you - hope we all make money on our bets.
No answer? Better not to comment rather than draw attention wouldn't it?
What big money is that? What public source of verifiable information is there to say they have any money behind them?
From what I can tell Nicky through VDL has no actual issued patents. They are just pending applications. The only issued patents that name Nicky are owned by Terrasphere - Nick's former employer.
They didn't pick anyone to blame - did you actually read the complaint? There are very specific allegations against each defendant. Unbelievable.
Ok dokey - take comfort in the manipulation the insiders at Affinor are pulling this week. See ya in a week.
You can set up alerts through canadianinsider.ca or something like that. Abattis and others are pretty good at filing their reports very quickly. With Abattis in buy/sell blackout - not much happening but even before that - nothing other than folks buying on open market. Nicky on the other hand dumped ton in Sept and then when caught redhanded - pumped 10k back into it and sent out PR touting him as doing what was right. That right there showed how shifty he is - sell 800,000 shares, when caught buy $10k back and then send out PR about how great a CEO you are... The fall is going to be pretty painful for folks if they are true believers.
Watch the insider report from Canadian website. No insiders have sold in months other than the Brazos CEO dude of the one sub in Quebec. Looks like he is getting regular monthly stock payments and selling some of it to make some monthly income. I gotta pull that contract for his services and see what they structured it as...
So on nearly 500,000 shares traded - the price slips by .008 and ppl are claiming doomed? Seriously? The other co has been sued and the attached emails and documentation shows them red handed. They put out another PR reinforcing that they are partnering with a convicted money laundering felon. The PR again rehashes the same stuff from the last three weeks. Same company has not publicly addressed the allegations.
And people think it is "investors" who drove the price up of that other company today? Hahahahahahahaha. It's insiders trading among themselves. All you have to do is watch the trades to see the coordination happening in small batches.
If ppl think significant investors don't see through what happened today - that's... I don't know what to say.
How Abattis traded today gave me more comfort than anything. Insiders are in blackout from buy/sell and still the stock basically trades sidewise on good size volume and shorting.
Hahaha - follow who's buying. Affinor's insiders manipulatedup today. Watch insider reports.
Nice rehash of prior PRs.... sad.
I think there isn't anyone who isn't suspect to you...
Or the fact that the phytoplankton was a company Mike worked with prior to Abattis - a company that is still in business and sells its products throughout the world. I really don't understand where these comments come from... did you expect Mike to be born whole and not be a serial entrepreneur or something.
I'm just curious why you think this was a decision made on emotion - nothing looks like emotion to me - what can you point to that says emotion rather than calculated business decision?
And remember - Abattis is in black out while Affinor is not. See which insiders on canadianinsider are propping up Affinor over the next week or so.
I'm really sorry - but that analysis is absurd. When you have someone stealing your confidential information and seeking to interfere with the owners of the company (these people weren't just employees - they were owners & directors) in the company, you have to act. If you don't - everyone will come after you and no one will believe you will protect your assets.
It amazes me how nervous about a little litigation. Hand wringing about 1 or 2 cent stock price drops - but the theft of confidential trade secrets. Let it happen. Nothing to see here. Move along. Do nothing. Huh?
Did you look at the evidence attached? Amazing displays of head in sand around here.
Ding ding ding.
Give you even read the documents and the evidence attached? Holey moley.
Thanks for playing - but wrong. If you'd check my history you'd see that couldn't be - but thanks for guessing.