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Re: Tqinvest post# 27590

Monday, 02/06/2017 6:44:29 PM

Monday, February 06, 2017 6:44:29 PM

Post# of 32851
It's my understanding that Abattis failed to submit timely audited financial statements as required to resume trading on the CSE. Trading for CSE: ATT has been suspended and will not resume until the appropriate statements have been filed and the CSE verifies they are no longer in default of CSE requirements. How long this process is expected to take, I couldn't tell you.

ATTBF trades on the OTCQB market, which does not have as strict requirements. Here's where things get a little hairy. One of the OTCQB requirements is:

Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange

If Abattis isn't current in reporting to the Canadian Stock Exchange, it's safe to rule out a U.S. regulator as well. Abattis shares through ATT may be suspended, but it's still listed on the CSE, a qualified international stock exchange, so they technically still meet the OTCQB market qualifications as far as I can tell. I expect them to resume trading on OTCQB for the time being.