Attis Industries Inc. (fka ATIS) (ATIS)

[TMH0312]

Custom Cable Services Research
Warning, there's a rant at the bottom of this post.

I've spent a while searching for whether or not the Custom Cable Services acquisition was ever completed and I have not found any satisfying evidence that it was. I'm going to assume it has not been completed until something more concrete pops up. Both companies have claimed it hasn't happened. If anyone has any leads on the subject I'd love to see them. What I've found in favor of the acquisition is below (It's not enough):


Attis claimed in a press release, dated March 2019, the Acquisition was delayed due to delinquencies.(Attis has claimed a lot of things, it's hard to tell what's true anymore.)

Press Release
https://www.globenewswire.com/news-release/2019/03/15/1755399/0/en/Attis-Provides-Update-on-Quarterly-and-Planned-Annual-Filings.html


PitchBook.com claims Custom cable was acquired and is an operating subsidiary. I'm not sure how accurate their information is, but its all I've really found in favor.


PitchBook Profiles

Custom Cable Services
https://pitchbook.com/profiles/company/131486-59

Attis Industries
https://pitchbook.com/profiles/company/121876-21

Sunoco Fulton
https://pitchbook.com/profiles/company/431738-11

Meridian Waste Solutions
https://pitchbook.com/profiles/company/228062-53

Some Information Surrounding PitchBook as a source:

https://www.quora.com/How-accurate-is-valuation-data-in-PitchBook
https://en.wikipedia.org/wiki/PitchBook_Data
https://www.wallstreetoasis.com/forums/has-anyone-used-pitchbookcom

(I'm not advocating pitchbook is a reliable source in this situation. Sources from both companies have said it hasn't happened.)


Attis Infrastructure as of today remains an active company:

https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=2589866&businessType=Domestic%20Limited%20Liability%20Company&fromSearch=True

https://www.georgiacompany.org/companies/18096322/


My Rant Titled: "Because I enjoy doing it so much"

Off-Topic, but it needs to be said because I need to decompress and maybe I'm not alone. I've been following this company for years now, I am personally invested here and these are just some thoughts.

I think what Attis has done to common shareholders to date is disgusting. I think what Greenshift has done to common shareholders to date is disgusting as well. I understand there are possibly some exonerating circumstances surrounding patents, but that does not excuse their lack of empathy for the common shareholder. People they have taken money from. I can't even begin to fathom, or piece together, why they have chosen this route and that annoys me to no ends.

Through all of the negative developments and doubts... I have chosen to stick around, mainly because I have committed to the investment (and we can all see how that's gone) but also because there really does appear to be a large company behind the symbol. Another reason is that the people at the helm don't come off as evil. Cosman's father was an honorable man. Pilewicz accomplished great things at Esmark. Arvedlund is an inspiration for women in finance. Dunn has had a solid career in the medical field. None of these people have known blemishes on their track record. The group of people gathered at Attis don't seem like the fraudster type. But maybe the more likely answer is I'm terrible at judging people's intentions, I'm easily manipulated and I'm a fucking idiot, but I digress.

I just can't wrap my head around why they have gone this route. I get that great companies aren't built in a day. I also understand the value of patience and long-term investing, that's why I'm still here. I also completely understand that being a public company is burdensome for a startup and that going dark might save some much-needed money. What I don't get is how a company can promote their stock to shareholders over an extended period of time, and then in a split second (in essence), decide the best option is to tell the people that invested in the stock, because of promotion, to essentially fuck off and leave them in the dark. Oh and in the process get slapped in the face with the caveat emptor label for suspected fraud? I truly hope that no fraud is being committed here, but if it looks like a duck, and it quacks like a duck, and it waddles like a duck, and it flys like a duck, and it eats the same food as a duck, and it labels itself a duck, and the SEC knocks on the door and says its a duck, and then three judges come along and confirm the SEC's observation that it is in fact a duck... then it must be moose.

Nothing about this situation seems normal, I don't usually get this involved with an investment, but shit literally doesn't add up here. Why would a company that is intentionally committing fraud throw itself under the bus that is the SEC like this? I just... my mind is blown right now. What an odd situation.