Abattis Bioceuticals Corp. (ATTBF)

[GreenBrickRoad]

It pains me to announce this, but I said long ago I'd always be honest with this board about my feelings toward ATTBF...

I just sold out, after holding since 2014 and accumulating bits and pieces since then. The recent acquisitions and resulting dilution has me not only concerned about their ability to preserve shareholder value long-term, but I'm fearful that their shotgun strategy of "we want to be everything in the cannabis space" could easily backfire on them.. much like it did 3 years ago.

I've noted inconsistencies in PR's and management's objectives, and CannaNUMIS and Gabriola seem like awfully suspicious and expensive gambles to me.. With the latest Gabriola deal and nearly 60 Mil more shares added to the pile, we're getting awfully close to a 3x dilution multiple in only about 1 year's time.

Now, news sources and investors are starting to reveal that hundreds of thousands of ATTBF dollars and/or shares.. if not millions.. have been going toward stock promotion.

No matter what angle I analyze, I don't see high odds of ATTBF remaining above the mid-20's in the short-to-mid term. So I'm out.

Quite frankly.. it just seems to me that management is either "lost" or just happy to gamble at our expense, and that doesn't work for me. Maybe I'll buy back in if things improve.

Best of luck, everyone!