Abattis Bioceuticals Corp. (ATTBF)

[GreenBrickRoad]

So.. I admit, I was a bit stunned to wake up this morning and find out that controlling ownership of Northern Vine had been handed off to another company. $2.5 Mil is a pittance compared to where we optimistic ATTBF holders believed Northern Vine revenues could take us in a few years. In that case, it must be more about the strategic partnership than the money, right?

I understand what Northern Vine can do for Emerald, but what exactly is Emerald going to do for Northern Vine that NV couldn't have gradually done itself and that justified giving up over 50% of the company? Emerald's "wealth of industry knowledge" only commands a market cap of about $130 Mil right now.. not terrible, but certainly nothing special when you compare it to other popular LP's, which are several $100's Mil.

My fear is this is just a give-up play and we lost 53% ownership in the only remaining Abattis asset I'm confident will eventually bring significant revenue.