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Bullboard - Stock Discussion Forum Abattis Bioceuticals Corp ATTBF

Abattis Bioceuticals Corp is a Canadian life science and biotechnology company focuses on aggregating, integrating and investing in agricultural technologies and biotechnology services for the legal cannabis industry. It is primarily engaged in producing, licensing and marketing proprietary ingredients and formulas for use in the biopharma, nutraceutical, cosmetic and animal nutrition markets... see more

GREY:ATTBF - Post Discussion

Abattis Bioceuticals Corp > Worthless Paper!!
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Post by fixer8888888888 on Mar 10, 2021 1:27pm

Worthless Paper!!

According to my trading platform, Investor's Edge, we are stuck with this POS worthless paper until such time that the compnay gets their listing affairs in order.  We all know that's never going to happen, which leaves us with a carry forward capital loss, if you have the stock removed from your holdings.  At that point the capital loss can be carried forward when reconciling your income taxes.  If this investment is in a TFSA account, then you're uechered. In addition, the shares cannot be traded on the OTC exchange where it's also listed.

Thankully I only have a couple thousand shares of this garbage, however I feel for those who are invested at significanlty higher levels. I smell a class action lawsuit, although it will difficult if not impossible to get any blood from this dead dog. 

Lessons in life well learned, and consequesntly I'll personally never buy into over-hyped penny stocks again. In particular the cannabis sector, as their odds of generating positive cash flow any time soon are slim to none given the over-saturated competition, and the continued influence of the black market which accounts for nearly 50% of sales.

GLTA!
Comment by Northboy44 on Mar 11, 2021 5:52pm
Wish we could get together to start court action,they should not be allowed to get away..involves a lot of money on my end..even RBC action direct won't try to sell on U S side  while iroc  assured me it could be  sold if you are not an insider but action direct has been looking into it for past month ..still no luck..invovolves a few thousand dollars  not much to what was ...more  
Comment by fixer8888888888 on Mar 12, 2021 4:33pm
Unfortunately I think we're done for with this POS, and all that's left is to claim it as capiatl loss as I noted earlier provided it's not in a TFSA account.  I have also left a phone message and emailed the company, but these turd balls are not responding for whatever pathetic reasons. If for nothing else, to simply have some fun with these donkeys and rip them a well deserved ...more  
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