I'm still trying to understand how SPRWF is claiming they're Health Canada Licensed for MMPR when that's not really the case. They are currently fixing the items that were listed from the initial inspection by HC. That means they are not yet licensed. Only 12 licenses have been issued but it does seem likely more will be needed. They claimed to have been grandfathered from an old license but that's not meeting today's requirements so it's still a risk. Abbatis likewise needs to meet some discrepancies that were handed them but no one knows what they are or when the projected fixes will be done. So, at least SPRWH has given a hard date of Q3 2014 to satisfy their repairs and be licensed possibly. The whole thing is moving fast and if Abbatis is late to the game it could be a serious blow to them. I hope your predictions are good. GL.
Correction 12 licenses. Some claim to have the approval but when you read further they are still upgrading their facilities to meet the Health Canada standards. So are we but no one knows what's needed to get approval. Mike should address investors in a PR style letter and give updates as to when the re-submit may happen. It gives accountability to those wanting to enter and not risk further delays. If I were him I would speak soon on the matter.
158M is not a low float. Supreme does not have a MMPR license and is currently trying to meet the requirements of Health Canada to get it. So in Abbatis with a really low float of just 58M. Good luck with SPRWF I hope both companies can get licensed, but I'm staying put here. Abbatis seems to be ahead of the pack for now ATTBF!
It could be today, or never, or somewhere in between. That is now up to Attabis management to draw exposure to their products and get the much needed MMPR license. Canada has only approved 18 licenses I think and there were like 875 applications. The Canadian exchange and the SEC warned investors about "FAKE" companies and their ticker symbols that were flooding the market with no chance of survival. They were applying for licenses but never had a chance and investors were told to do DD thoroughly before buying shares of such companies. Abbatis is not one of them and should eventually get licensed in Canada to grow/ distribute with a MMPR license.
a slew of positive PRs to entice additional investors to join in being on the new exchange and hopefully drawing more exposure to the company. Everything's in place now it's up to him to find customers/buyers of their brilliant product line and generate some much needed revenue! The sale of a few Bio cubes would get the ball rolling. The competition in the cannabis industry will heat up fast so being first to market is crucial!
ATTBF must break through $0.76, then $0.86, and through $1.00 soon or things could begin to slide way back. A MMPR license in Canada would be huge but they have been challenged in getting approved. Mike has been served with those discrepancies that kept them from initial approval which investors know nothing about. Even a statement from him that Attabis has resubmitted for approval to MMPR license would show good management. When does Attibas expect to complete that task and join those already approved would draw investors in immediately!
Mike, can you please address the situation at hand, Thank you.
for MMPR? I saw Mike W. give his interview and explanation of receiving them but never highlighted the time line needed to address them. Is it days, months, or longer before they re- apply? Anyone have any information? They should have listed them on their website and then describe the actions to remedy.
Starting to see their strategy as more of a liaison to grower/sellers of weed than a distributor themselves. They are focused on the technical and experimental properties and future medical uses. Not sure that has the Markets attention as much as the recreational part of this growing industry. That's where the money is today. Mike W. needs to get ATTBF partners with a company that is currently licensed and selling to the public in both Colorado and Washington St. Getting this company's share price above the $1 dollar mark soon will be crucial as many small weed plays will soon climb and leave ATTBF vulnerable to be forgotten.
Just saw a video on Washington State legalizing weed and there is not enough supply and the cash payment only system is running into major road blocks. Seems ATTBF is ahead of the game with the payment pre- loaded card. This thing could take off as many other states want the legalized weed for tax purposes and ATTBF has a foot in the door already. Investors need to know what dependencies were handed Abattis at time of license application in Canada and what their doing to resolve them. This company seems miles ahead of the competition.
Vancouver, BC - February 20, 2014 - Abattis Bioceuticals Corp. (the "Company" or "Abattis") (OTC PINK: ATTBF) (CNSX:FLU), Health Canada Office of Controlled Substance has issued the deficiency list for Abattis' subsidiary, Northern Vine Canada Inc. application to obtain a Controlled Substance License for handling, analytics and extraction of Marihuana.
tomorrow could signal some much needed strength to $0.80. I like the fact that Mike W. withdrew from the 20M share sale @ $1.00 and focusing on shareholder value w/o further dilution. A lot of positives in Abbatis' future and good strategies in place for steady stream of income. This one should cross $1.00 very soon if projected estimates begin falling into place. The worlds eyes are on legalization in North America of weed for recreational and medical purposes. It's what keep my best friend alive as he was a paraplegic from 18 yrs. old to 60. The last 10 years of his life were so painful and we had to sneak weed to him for him to even rest at night. Now it's legal after his death, so sad for him so glad for those who will benefit from it very soon! Go Abbatis!
I guess the "M" word is not allowed on public forums! Amazing!
affordable prices. Took a gamble on this one that they'll succeed in their journey in #$%$ throughout Canada and beyond in the future as well. Here in Nevada they just started the licensing process and thousands applied for a handful of state licenses. If Abbatis is already recognized in Canada as approved then they have one foot in the door when things take off. Hope I made a good decision!
Any thoughts as to the company becoming a major player for Canada's #$%$ program? How did this reach $2.20+ several months back, just curious?
Why are you asking message board posters? It's what I've been saying all along CEO is a fraud and they have no intentions of clarifying those details about Army contract or any other such claims. It's a shell company and their payroll is higher than any total year revenues leaving shareholders up the creek. Mind you they have a cozy corporate location and $$ in the bank but you'll never see a dime of it in shareholder distribution. SCAM! Call with your question directly or email it and see what they say! They have no answers for anyone just news that never develops. You'll learn when your account is wiped out by this #$%$!
SELL fast or watch your financial ruin come quickly! XGTI = SCAM!
why xG technologies is trading at $1.99 from $9 and falling. Every law enforcement agency, Swat team, every branch of the service, Army, Air Force, Navy, Marines, extreme sports enthusists, underwater divers, and on and on uses some sort of Go-Pro device. None of the above use any of the patented technology that xG offers. There's a problem. No one will ever find a useful need of secure broadband and pay these crooked CEO s their money. Rubio is looking for popularity and thought mentioning Xg would bring attention, it did. The shorts are piling on daily because they put out a fraudulent PR and tricked many into magical words that carried no weight. SELL this garbage and move on or short it to death or go broke !
Analyzing market reaction, xG added about $17M in market cap value. This would be equivalent to ~3% of the full $497M contract. Keep in mind; this is assuming markets are efficient, which is rarely the case.
xgti value added
The above calculations are very sensitive to assumptions and disregard the length of the contract. The US Army’s contract is a five-year period of performance (36 month base and two 12 month options). Thus, discounting for present value would make the $12M figure above even less.
Even the optimistic assumptions made above do not justify xG’s move today. What supports this notion even more is that SAIC stock remains unaffected by this news. Sell before the inevitable drop.
with milking the investors for a few bucks, we'll just keep selling more shares and paying ourselves these great wages. Gosh their so dumb I think we all need raises for the amount of work we do. let's vote! Yep, offer another secondary at say $1.50 that ought to generate some new sheep. Oh and my kids want to go on a cruise around the world! F N joke!
Mr. George Frederick Schmitt , 71
Exec. Chairman and Member of Advisory Board 150.00K 0.00
Mr. John Carlton Coleman , 60
Chief Exec. Officer, Chief Operating Officer, Exec. Director and Member of The Advisory Board 295.00K 0.00
Mr. Ross James Woodyatt , 46
Pres 169.00K 0.00
Mr. Roger Glenn Branton , 47
Chief Financial Officer and Principal Accounting Officer 287.00K 0.00
Mr. Benjamin Dickens Jr., 61
Gen. Councel and Member of The Advisory Board N/A N/A