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Not even close
...and we are close to that on BLOZF
If we fall through the 200d moving average for BLO, I think we will see 10-12 cents again...
Yep, that's what i've been preaching.
Agreed.
You were interested in hearing my opinion on the technology development then...!? But why not now?
I have to say, I know A LOT more about the Yost science than Beck science. I have worked with the instruments Yost is using for this. I know that shrinking it is going to be difficult and take time. To take a quadrupole time-of-flight hybrid tandem mass spectrometer and shrink it is going to be VERY difficult. It's never been done, let alone to have in a hand held device that maintains its sensitivity levels. University lab... university pace... Yost is a busy guy. Cannabix management is up in Canada... not down at UFL. Yost moves at university pace. I think it could be 3-6 months before we see a working device.
Mind you, they might release a fluff news that says "we are getting results", but they've already done that. That would basically be them saying "see you in 6 months".
Well the stock dropped from more or less 35 cents to 25 cents... that's a 29% drop. 750,000 shares, 29 percent... you do the math. I also think that support is going to fall through in the coming weeks when there is no volume and people are starting to realize that what I am saying is true... there is no device and won't be for a long while.
But in the meantime... please tell me... do you think the device is going to be ready, this month? next? When do you think?
Rather than insulting me, why don't you tell me when you think this device will be ready? Because you haven't actually disagreed with me (which is no different than... you actually agree with me)
My point is only that it's going to be a while until they are successful, and that the stock price might drop in the meantime. That's it. When do you think they will have it ready? What's your opinion..?
Same place we were 2 years ago. No product = no gains. Once we have a device we will lift off. Until then. Not going anywhere.
Well you are wrong-, you should give Cannabix a call... because they fully intend to detect THC concentration in blood. And it will take 1-2 years to do minimum
With no product, no revenue, and a dream thats been perpetuating for 2 years...investors know that while waiting for something to happen -> low volume -> stock (BLO) down from 35 cents to 24 cents. Happened last year, happening again. Your loss.
Agree completely. If the next news doesn't say "device is here folks", and instead says "it's coming along, we promise! parts are "working well"", then that confirms for us... nothing ready yet.
I still agree with everything I said, I just think that it's going to take longer than you guys think. Especially the people who think it is coming this week, or those who thought that last week, or the month before, or the year before. We are STILL waiting 2 years later. Nothing to show except dilution/raised money and the Yost mass spec system. That's fine and dandy, but no device = no money for the shareholder. Simple.
Not Mr. negative, Mr. realistic. I'm the only one who said it's not coming soon. It still hasn't come.
They don't have a device, you're right. And I don't think they will for a while.
BLOZF down another 5 percent. Hope people aren't still holding there breath for the device that's not coming this summer.
I've been quite honest about my trades. I just say what people don't like to hear.
What's his handle?
Do I need to take a screen shot of the chart... May... nearing 40 BLO cents. Today alone down 10% and at 23.5 cents Canadian.
I am educated enough to have called the stock price decline based on technicals and fundamentals, throoughly explaining my reasoning. Nobody likes to hear the truth. I have saved thousands watching this drop, having been correct (sorry AMG, got you this time...).
Watch the drop keep going until the fall! 16 cents here we come when the 50 falls through!
I was a mod, but am no longer (I was removed because I was being dumb - I deserved it)
Also, I have not sent you a private message - I don't even have an account capable of doing so...
I called out your post and exposed your losses from a year ago.
OK - i'll give it a chance. You're saying news June 29 - demonstration of NA-NoSE?
Stock price starts declining hard in the past few and suddenly you have news of the timeline that the general public doesn't?
How do you figure that Yost's technology "seems to be a bust" when they told you the technology was exceeding expectations two months ago...?
What's that got to do with Cannabix?
Timeline does matter - it's been 2 years and there is no device. Nobody can even be assured it's possible. The longer it takes the less likely it is. There's no demand if there is no device. And there is no device... neither now or in the past 2 years.
That's a generous timeline... hard to be wrong when the guess is in years!
Just have patience... Here we are nearly 1.5 years later!
You're still right to this day aha
That's unfortunate
I would say the parts they ordered probably have only just showed up, let alone them starting to try and build a device. That's realistic. A month or so ago they order parts for something that has never been built, it's obvious that the parts don't just show up and fit together.
1) There won't be a device this summer - maybe in the fall though - this is based on my new timeline having spoken to management who said themselves that they are trying to do something that has never been done before and it can take longer than expected (that was recently...)
2) Have to perform well-designed research trials (outside of the state of Florida) where THEY try and detect THC in breath with the device they eventually put together. Do you know how incredibly complicated it will be to correlate blood THC level to the level the device reads? They sure do have to do it... they can't just build a device and give it to the government before it works... who exactly do you think they will give it to? NOBODY knows how this science works... it's NEVER BEEN DONE!
They brought Huestis on board to help facilitate this process. Call Rav and ask. This will take 1-2 years minimum, it's never been done before.
Fact: Everyone's been waiting for a device to come any day now for 2 years. There is still no device... and they only ordered parts a month or so ago
Call them and get an update.
The hardest work (IMO) is done... detecting THC with a novel mass spec pattern was a huge challenge, hence only one or two groups in the world can do it. Parts are ordered to build a device. Once they have the device (maybe in the next 6 months, maybe not) it will take 6 months or so to do the THC testing with calibrated test samples. Then it will likely take 1-2 years to correlate THC in breath to THC levels in blood using the device. Court approval, I worry less about, because that is like 2-3 years away and is not relevant if they can't get the THC-blood concentration data sorted out. The demand is astonishing and government approval will be the quickest step (2-3 years from now).
The only comment I would change from my previous post is the beta prototype in 1-2 months... i would say it will be longer than I though (I have posted 10 times + recently elaborating why... and my conversation with Rav).
You can give your opinion any which way... what do we have? Do we have a device yet after 2 years? NO. No device. Still waiting.
Still no device guys, are we still waiting? Yep. I'll check back in, in a few weeks (SP 5 cents lower too!)
The timeline isn't as you all think. I've been explaining it for the past few weeks but nobody is listening.
Not really, my opinion changed when I had the timeline clarified. Smart investing. Has saved me 20% or more over the past weeks. Will continue to save me more because there won't be a device this summer.
I post about the technicals of this company and you guys ignore that post... I post about the fundamentals... seems you guys also ignore that post. Stock price dropped 20% on you over the past week - I didn't invest based on emotions, no loss for me.
1) Just because one research group performed one scientific trial DOES NOT mean that it becomes widely excepted as a standard. Read the paper...
2) You didn't read the research article, because if you did, you would note that their results do not apply to the use of a marijuana breathalyzer (has not been conceived to this date, anywhere in the world) for the detection of THC in breath, this just talks about the relationship between amt of THC (concentration) and how high one is (level of impairment, implied) and trials will need to be conducted with a device, several times over to elaborate on the relationship.
3) The trials to be conducted will likely require years in order to gain evidence/collect data that suggests the device accurately determines THC concentration in blood and the government will use the data to make informed policy decisions as to whether they accept the device to be used at all.
4) Once again... this is going to take a long time, not overnight.
That's funny, because I had a conversation with Rav was told something entirely different.
Though we might see a fluffy news release in the near future... there sure won't be a device ready anytime soon. Guarantee the next news release tries to keep investors holding on.