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I don't know much about dolomite, but I can do math. To get 175 million cubic yards of ANYTHING out of that pit they'll have to dig the entire 259 acres down to a depth of over 400 feet. That hole would be just about big enough to contain all the BS on this board.
Sorry, I screwed up the link.
http://www.sec.gov/Archives/edgar/data/1347078/000149315215000635/pre-14c.htm
Authorized shares going to 10 billion.
[url][/url][tag]http://www.sec.gov/Archives/edgar/data/1347078/000149315215000635/pre-14c.htm[/tag]
Thank you for that post, Rider. That screen capture just explained a great deal to me about how MMs make some of their money. One of those 40K bids was mine, but the listed bid price was not mine. Lack of L2 access is becoming very expensive for me.
100 current common share of BLOZF will become 100 NEW common share of BLOZF, plus 16 shares of the Spinoff Company. Moderators, why don't you post news from Cannabix instead of "BLOZF GONNA BLOW"?
For immediate release. Vancouver, British Columbia, March 5, 2015:Cannabix Technologies Inc.(CSE: BLO, OTC PINK: BLOZF) (the “Company”) is pleased to announce that, further to the previously announced plan of arrangement (the “Arrangement”) with Torino Ventures Inc. (“Spinco”), a private British Columbia company and wholly-owned subsidiary of the Company, the Company has set the record date for the Arrangement as March 10, 2015. Refer to the Company’s Information Circular dated January 14, 2015, for additional information concerning the Arrangement.
The record date for the Arrangement has been set as March 10, 2015 (the “Record Date”), which is the date for shareholders of the Company (the “Shareholders”) to participate in the Arrangement. The Company anticipates that the effective date for the Arrangement will be on or about March 12, 2015 (the “Effective Date”). Shareholders of record on the Effective Date will receive one new common share and one Class 1 Reorganization Share of the Company.[/b] On the Effective Date, and pursuant to the Arrangement, all of the Class 1 Reorganization Shares will be automatically transferred by Shareholders to Spinco in exchange for 8,000,000 common shares of Spinco to be issued to Shareholders on a pro rata basis (resulting in approximately 0.16 common shares of Spinco being issued for every one Class 1 Reorganization Share based on the Company’s current number of issued and outstanding shares). Immediately following this, the Company will redeem all of the Class 1 Reorganization Shares by the transfer to Spinco of $10,000 cash and the Hazeur Gold Property, also known as the Monster Lake Property, and all assets related thereto.
Fractional shares of Spinco will not be issued and any fractional shares resulting from the Arrangement will be cancelled. As the rights and restrictions of the new common shares are identical to the current common shares, no replacement share certificates for the new common shares will be distributed to Shareholders. Share certificates for the Spinco common shares will be distributed or credited to Shareholders of record on the Effective Date.
The shares of the Company will trade ex-distribution on March 6, 2015, meaning that purchasers of the Company’s shares after March 6, 2015, will not receive Spinco shares pursuant to the Arrangement.
Courtesy of Coin8300:
"...obviously it would be TASR, Lifeloc cant afford shit. But cash would not in itself support a buyout; they would actually have to raise cash by issuing debt (which is a normal thing that companies do all the time). Their cash position however would support the debt service and amortization payments down the road to service the debt (while mostly being paid with net income). Think of their cash position as a reserve account for the debt service if their net income doesn't quite meet expectations."
Maybe because Lifeloc pnly has $3M cash, and Taser has over $60M.
For those interested, BLOZF's patent application serial number is 16/981,650. This number isn't a secret. They've included it in various documents they've filed. The earliest instance I could find is the Patent License Agreement between Cannabix and West Point Resources, June 23rd, 2014.
The fact that they have a number assigned to their application means that the patent office received what they consider a complete application. As a previous poster pointed out, you can search for the status of applications via Public or Private Patent Application Information Retrieval (PAIR). I did the search and came up with four other patents, each under a different series, but nothing for a THC breathalyzer. That doesn't necessarily mean there is no patent application. It just means there isn't one available in the public domain.
BLOZF's patent application is a 61-series, which means it's a provisional application. Filing it this way allowed them to establish a date, should the First-to-File rule come into play. But it also means they must file a non-provisional application within 12 months of filing the provisional. No extensions are granted. I don't know exactly when they initially filed the application, but it has to be prior to June 23rd, 2014, since they already had a serial number then. That gives them 4 months or less to follow up. No doubt much will be revealed by this summer.
Hope this helps. GLTA.
"The goal is to make pot breathalyzers a roadside reality come 2016." I'd say that's a pretty clear indication of how quickly they think they can complete the clinical trials. Thanks for the link, Beanpole.
Meeting starts at 1100, Vancouver time, which is Pacific time.
Again, WHAT deadline? WHO'S deadline?
Has anyone from Cannabix stated the prototype would be released by the end of Feb, or has that deadline been interpreted by investors anxious for news? In the 2 Feb press release Kal Malhi said they expect the prototype to be complete in the "coming weeks" and that they're working hard to deliver it for trial testing "as quickly as possible."
As Diamond said, the 17 Feb shareholder meeting is about the spinoff, or at least that's what the published agenda indicates. No doubt the shareholders who can attend will ask about the status of the prototype. Maybe they'll share some info; maybe they won't. Either way, we're on their timeline. They're not on ours.
Anybody showing active trading?
The owner is Rod Stambaugh (Chief Sproutologist) and his number is 720-810-4228.
Sorry sp4202, I have the free version of this, so no PMs. Check out #20 on the Breakout Board, though.
I was with you on that one, too, RetiredTech. Fortunately, I bought in at 0.015. UNfortunately, I averaged up from there. I unloaded that one today as well. On to greener pastures with a certain THC breathalyzer company. Best of luck to you.
This stock, along with some of its more ardent supporters, remind me of the signs you see in the southwest, when you get within about 500 miles of Dragoon, AZ. Giant yellow billboards exclaiming "Only 500 miles to THE THING!!!." "Only 450 miles to THE THING!!!" "Only 400 miles to THE THING!!!" On, and on, and on. What the heck is THE THING? You drive for hours, wondering. Then, finally, you see "THE THING!!! Next Exit!!" So you pull over, pay your fee, enter the building, and see some crappy roadside attraction. Even if you were only slightly curious, it would be a big let-down.
This stock is just like that, only worse in some ways. The "sign" only slightly different: "Reverse merger..SOON!"; "Reverse merger...a DONE DEAL!!!"; "Reverse merger...pretty soon a DONE DEAL!!!" But in this case, you have no idea if/when you'll get there.
Personally, I've seen enough signs. I took the last exit. Safe travels to everyone else. I sincerely hope everyone here eventually makes a fantastic profit.
Sounded like a legitimate question to me, Sundevil. I wondered the same thing.
True. That part doesn't seem to make sense. Man, what a day!
Maybe Gold Diggaa changed his mind and decided to pay off his mortgage. Nothing idiotic about that.
Diamond, I think Cannabix intends to start with the zero-tolerance states. I agree with you that this would get the ball rolling. I also agree that the other states will really impact the bottom line in years to come.
It's interesting to see a map that shows the states where marijuana is legal for either medicinal or recreational use. It's even more interesting to see how many zero-tolerance states border the states where MJ is allowed. There are plenty of states with zero-tolerance, but only 9 of those states don't border a state that allows MJ for one reason or the other.
I've heard or read quite a few reports from police departments that are concerned about the vehicle traffic from MJ states to non-use states. I'd say that's a very good sign!
I'm not worried. I just didn't understand the rationale for the comment. Breathalyzers are widely used in states where the results aren't admissible in court, so why would inadmissibility be an issue with THC detector? Maybe he just meant that WA wouldn't be rushing out to buy the first version.
I talked with my brother this weekend about this device. He's been a PA State Trooper for 14+ years. He says each barracks in PA typically has a few (4-6) alcohol breathalyzers in the station. Some cops use them, and some don't. Some simply administer a field sobriety test if they suspect alcohol use. Then, it's off to the hospital for a blood test. I would imagine the same will be true of a THC detector. But with the increased instances of high driving, I can't imagine stations not buying any of these things. If you were a police chief, how would you explain the decision to not use such a device?
Whatever the case, I'm very confident this company will make retirement quite comfortable.
Awesome to see BLOZF in the news! What are your thoughts regarding the comment that WA police "won't be an early adopter" until the courts "certify" the device? Alcohol breathalyzer results aren't admissible in WA, but the devices are obviously in use (and I'm sure Lifeloc was happy for the free plug).
Great point, Jackle. Does anyone know what type of ODA the FAA granted to GE? I don't see GE listed here, but I'm sure it's because the date of the designation is after the date of the directory. insert-text-here
I'm guessing it's the Parts Manufacturer Approval ODA, based on the description here. insert-text-here
If so, I'd say that adds even more credence to what others have said regarding GE's willingness to do business with SGLB.
Agreed.
I was wondering the same thing about the FDA, Lafeeverte. I know they have many ties to industry, but this seems way out of their lane.
The name Lean Six Sigma has nothing to do with Sigma Labs, but the Lean Six Sigma process has quite a bit to do with manufacturing and, hence, SGLB.
The program you're using is probably more accurate than mine. Whatever the timeline was, it was an awesome run; one we're all hoping will soon be repeated by BLOZF.
TASR's run to $30 took a bit longer than that, but I'd be happy to see BLOZF at that price regardless of the time span.
The frustrating and ironic part of this is that the city of La Junta won't approve these homes. They're apparently happy to have them built in their city, but they won't let anyone there live in them. It's great to see that Rod has been successful in securing variances in other towns.
Need a 300% gain just to get it back to where it was a month ago. I'd still like to hear from anyone who can explain why an address change proves a reverse merger has happened, or is imminent, especially when multiple other wholly unrelated businesses also share that address. Anyone?
I'm not sure that proves anything. That address (1301 Southwest Blvd. Jefferson City, MO 65109) also happens to be the physical address of Bert Doerhoff CPA office, and the billing address for All Clear Plumbing.
It might be just as informative to know how many of those tickers no longer exist.
I agree completely, Soco. That's why I'm here.
A fair comparison, Spazz, and I hope we get there eventually.
It's a good article, Squid. Thanks. I had read it previously. One plant with four processors. More than 5 years later, how close are we? I don't doubt DRAG could get there in time; just not any time soon.
Honestly Brooks, I don't know. I'm just doing a reality check. Five hundred tires a year might be reasonable, but that's not what was suggested. That $16/share valuation was based on processing 105-125 million pounds of tires. That's not 500 tires per year: that's 10,500 to 12,500 tires per year, and all of them 10,000 lbs each. That's about 30 tires per day.
From what I read, they gotta bake those tires for about 8 hours to extract the components, and the process uses 25% of the fuel recaptured (another factor not captured in the math). If each tire takes 8hrs, how many plants are needed? How many plants exist?
Also, the suggested annual revenue listed from OTR tire processing (500 tires at 5,000 lbs each) is off by a factor of 10.
Again, I'm hoping the company does well because if they profit, I profit. I'm new to this company, to this sector, and to stock trading in general. For that reason, I start off skeptical. When I see folks posting valuations that are obviously ridiculous, even to a simpleton like me, I question the intent of those individuals and I proceed cautiously. I hope you do, too.
It does?!? Approximately how long until they have the capacity to process more than 250,000 lbs of tires per day, 365 days per year? That's what the math implies, and that's only if you take all the numbers presented as accurate.
I'm excited to see what this company can do, but I'm keeping my expectations in the realm of reality.
You can believe that a recycled tire can generate $25K worth of byproducts, or you can believe that companies with used tires will pay another company to dispose of those tires. You cannot possibly believe both.
Personally, I wish Chris Witty hadn't announced this. In fact, I'd be happy to hear NOTHING about SGLB for another 6 months. The stock is going to go up, with or without news. I'll be thankful for every extra day of accumulation at lower prices.