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A quick thought as to why we haven't been updated: It is common practice to have NDA's in place when two companies collaborate to develope a new technology. I wouldn't be suprised if the Yost group and cannabix have a non disclosure agreement in place that prevents either side from discussing any developements. They could very well want to give updates but would be prevented from doing so as this would violate their NDA. We sign them all the time and it can be fristrating at times trying to work with others knowing we can't divulge any information.
When cannabix teamed up with Yost/ Florida, that is when they became "quiet", which is what leads me to believe this is the case.
Just my opinion, but it seems to make the most sense to me.
I don't know if that is correct. The univesity developing the device has gained approval within the university to begin testing within the same university(in house testing). Cannabix has been doing the same in house testing for a year, thus making them a year ahead of Washington. The real game changer is when outside testing begins which neither one is currently performing.
Like I said, that site (spa city chronicle), is a satire. Their articles are hoaxes.
Spa city chronically is satirical in nature. The article is joke.
I didn't see the new hire info in the monthly report. Normally shell is on top of pointing out discrepancies..... I think you are slipping shell..... Lol
Something worth noting, the Dr. Yost technology having a parts per billion resolution is already capable of producing accurate ng/ml results. 1ppb equals 1ng/ml, a feat that was not possible with technology with a resolution of parts per million. Just my observation and opinion, but could this be the reason for the change of direction?
Nobody can answer any of your "core questions" without speculating. That would be the same speculation that everyone seemed to be onboard with prior to the buzz feed article. Remember the days, I bet the prototype will be revealed at the Denver show" "It's probably going to look like...." No one here is going to be able to answer the questions that your buddy Alan Brochstein has asked. Infact they already did respond, but you don't like the answer. Here are a couple quotes for you as well.
"Patience is a virtue"
"Don't look a gift ass in the hole"
"Good things come to those who wait"
"Even a blind hog finds an acorn once in a while"
Will patience pay off with BLOZF? No one knows, but I wish you luck ether way.
Have you looked at some of the companies that brochsteins 420investor service has recommended? I have read more than one account of his service asking companies for money to promote them, then when they say no, the service will trash them. I have also watched many stocks plummet minutes after being highly rated by his company. I would take anything he says with a grain of salt.
A wise man on this board quoted Benjamin Franklin recently "believe half of what you see and nothing you hear". I do believe that would apply here as well.
Sorry to hear that Surfer, I will be trying to get more as well at the sub .20 , we will see if the price can remain low for the next couple weeks.
I just got more yesterday, glad I did. I think this thing is going to start moving in the next few weeks.
I bought 44k more shares today when the days total was at over 10k..... it closed at 47k total. Why aren't my shares included in the total volume?
Form 2A also states on page 25, paragraph 3 in the "risk factors":
"The Company expects to be involved in the development of a new technology device that could become marketable. This process may take several years and require significant financial resources without income. The Company expects these expenses to result in continuing operating losses in the near future."
This is a strong indication that the timeline is merely a best case scenario/good faith estimate of what they hope to achieve. They are straight forward in their wording that this may take more time to develop as there are many unknown circumstances that they will be facing moving forward.
Buckle up and enjoy the ride!
GLTA
Well said luvblo2, my sentiment as well. Fear is a powerful motivator, I wouldn't be able to load up on shares without it. I have lost by selling out of fear in the past, this time I choose to profit from it.
I am doubting the buzzfeed article more and more. All I find are articles of Marilyn Huestis and her colleagues from NIDA having the same findings as Dr. Olof Beck and claiming that a roadside device is plausible and one day likely. I see nothing stating (aside from the hearsay of the buzzfeed article) that she wasn't able to produce the same results.
"The next step will be to find instrumentation that can be used at the roadside.” Dr. Huestis believes this can be done, and points, as an example, to the equipment used in airports to check for explosives"
http://www.drugabuse.gov/news-events/nida-notes/2014/05/device-detects-marijuana-in-breath-hours-after-smoking
Has anyone found any information that confirms the buzz feed articles claims or gives it the slightest bit if credibility? If not, this thing should bounce, given the slightest bit of good news from the Cannabix
I suppose it is possible that they are working together to lower the price, i suspect they hold positions in another potential competing developer. The article is very fishy in how it is written regardless of the motives behind it (and I do believe there is a motive). It has been well structured to start out in favor of Cannabix, then migrates toward smearing and bashing as if to steer the reader. The author has carefully and deliberately tried to come across as unbiased. Alan Brochstein shying away is a good sign, I have held positions that did well until he listed the company as a buy, only to have it instantly plummet after his company promotes it. I wouldn't touch anything him or his company is promoting.
They mention Cannabix's steady stream of PR's, which we all know isn't the case. How many guys have been on here asking "why don't they promote this company"? They for the most part sit fairly tight lipped only giving enough info to generate funds to accomplish their goals. All eyes are on this technology and since they started developing, more companies have come forward claiming they are shooting for the same goal. You have to be fairly quiet so that you don't give your potential competitors fuel for their own agenda. Nothing has changed, they are still in the lead and until we hear different from them, we are in the same boat as they are. They have more riding on this than any one of us. Just my opinion here, but does anyone else feel that this article was a sham? Written with an agenda, yet structured to look unbiased? Why weren't any positive statements or details mentioned?
They don't seem to be interested in creating hype and pumping the value. They mentioned before that they aren't taking profits for themselves, only selling what they need to in order to maintain the course and hit their milestones on the way to completion. The majority of the share are being held. Jmo , salmon I believe it was asked them at the show and that was what they had told him if I recall right.
I loaded up first thing this am!
I will once again reiterate what I have said in the past. I held tasr at .30 per share many years ago. I sold off my position when I let some news I didn't like and the opinion of others away my decision. Within 18 months of selling, it was trading at $30...... This time I'm not going to trade dollars for mere pennies. The question isn't if, but when. The answer is soon! The problem is that when you watch the day to day activity .... Weeks seem like years and you feel as though it's not moving, but realistically this company is still in its infancy and is gaining credibility and exposure which will translate into share holder value. Why do some of these pink sheet mmj stocks trade at such a high market cap in relation to blozf/blo.... Because they are better known and have been around longer, even though they are riddled with toxic debt and no chance of turning a profit. Comparatively cannabix out shines some of these 10-1. I respect coin and anyone else's decision to sell as they have to do what best suits them. Just my opinion here, but I am holding tight.... Tried to buy some more at the discounted rate today, but I missed it.
GLTA and have a great weekend!
Great info! Thx salmon!
Get your own shares bean pole....I want them :)
That was what I suspected. When it was announced that Klein would be building a prototype for 7.5mil shares, the price was around .1 making the deal to Klein worth $750k. Once the price reached .40, they would only need to sell about 1.5mil -2mil shares to receive this same amount. I figure if they believe in this thing, they will hold the remaining shares.
The harm is, when blozf price goes to $10 on Monday ..... Mine triggered to sell at $5! (That might be a little on the optimistic side)
Kamman, you were right! I hope you are right about the turn around as well. Though it doesn't matter I am planning on holding and picking up shares regardless.
I asked the same thing. Does anyone know if KLN Klein received their 7.5 mil shares? I have a hunch they may have sold a couple mil shares over the last few days. Is this plausible?
Feels like Christmas came early... Now to fund my brokerage account so that I can gobble up some more shares. Would make it easier if people would just give them straight to me :)
Well said diamomd and M-AMG. The only people who care about the day to day price are those looking to make a quick few bucks. Long term holders, while it is exciting to see a climb and a little nerve wrecking to see a decline, don't relay care for the most part about the day to day.
There does appear to be some market manipulation going on. You can only buy smaller quantities at the low dips.
Doesn't matter to me how low it goes, I'd like to pick up another 20k-30k shares on the cheap.
Could it be that Kln Klein is selling some of their 7.5mil shares? Have they received them yet? I'm sure they have bills, they have been working on this prototype for many months with only the initial $50k payment. If that's the case, it should rebound once the market has absorbed them.
I have not seen anything yet that would indicate lifeloc to be a potential competitor now or in the near future. Just a guess, but I believe the 250k given to them was a political move to show good faith effort on the part of Colorado that they are doing their part to ensure responsible use. The states that have passed recreational use, have stated that portions of the tax revenue will be used for drug prevention, education, etc., which just furthers my suspicion that this was partially for show. I'm sure lifeloc would love to develope a device and ofcourse they aren't going to turn down the money..... But I'm not seeing the competition factor.
I don't know if I could even call LCTC a competitor, two very different products. The upside to cannabix is they are soon to be the only player in their field. LCTC has competitors, cannabix has none so far, giving them much better revenue potential.
This is the time, a few weeks ago was the time but the .10 days have passed. You should never go "all in" on any one thing, but this is the time to make a strong buy move. The share price will rise each time a milestone is reached. You can wait till this company turns a profit and buy in then, but you will likely be paying $10 a share at that point. You can get in earlier when the prototype gets revealed, I'm guessing the price will still be good at a buck or two. Or get in now for a fraction of that, sure more risk now, but everyone here knows the risk. Big risk=big reward, you can make a lot more money with a much smaller investment. Choice is yours.
"He who says it can't be done, shouldn't interrupt the guy who is doing it"
Where is the "timeline pushed back" comming from. In the beginning, there was a rough guideline of how long it would take to bring this product to market. My exact time may be off, but their claim went something like:
6months for a prototype
9 months for nhtsa approval
18 months for patent approval
Then they narrowed it down saying we hope to have a prototype finnished late fall, then they narrowed it down further to an exact month.
Sure it has taken longer than the initial 6 months they hoped for and they didn't have it done in the fall, but predicting an exact completion date on something new like this isn't realistic. IMHO they are doing well in keeping people up to date.
I work for a company that builds new products and prototyping is part oft
Job. It isn't uncommon for us to give a best case scenario lead time, then dial it in as we make progress. We have had jobs that we thought would take a few months, actually take close to a year.
Wow, amazing how in the moment of a nice rally, everyone loves each other and you can hear the sound of champagne being uncorked. Then there is a dip and everyone wants to push each other down. This is a marriage, for better or worse, we are in this together. Don't loose sight of what the real goal is here. Let's get to the top and not stress about the speed bumps along the way.
It didn't appear to be a pump, looked more like a feeding frenzy prior to the meeting/ prototype reveal. Then it was followed by some day traders taking profits and panic.
There are milestones that once hit will drive this stock up.
-Updates presented at the upcoming meeting
-finished working Prototype
-patent approval
The the big jump will be:
-sales and licensing agreements
Good luck everyone!
If there is a limited number of these devices needed, than why are alcohol breathalyzers still selling? Answer: because they get broke, lost, stolen and outdated. New, more accurate versions come out, and when taxpayers money is at hand, cost is no issue. $5 is better than .25 I'm holding, plus I want my dividend shares.
With the prototype due in the coming days and the meeting on he 17th, this thing can pop again any second. Everything is pointing toward a working prototype, I am holding..... And buying. I have lost in the past by selling at the first sign of a dip, just to have it take off again.
Good words coin, I agree! I am still accumulating.... Picked up a few thousand more yesterday. I have some funds coming soon, if this stock goes down a little more between now and then..... No complaints here :)
Thank you, it finally went through...... I put on all or none, especially end of day, otherwise my broker charges for multiple transactions if the order is filled over multiple days.
I'm trying to buy, I see orders getting filled for less than my bid..... I think I'm trying to buy more than what is available at the ask price. I always put my bid in "all or none", might have something to do with it.
I am holding as well, this pull back doesn't appear to be much more than a few day traders taking some quick profits combined with some panic. With this volume I am guessing that many of us longs are grabbing up some quick shares at this slightly discounted price, knowing that the 10 cent days have passed. Seems foolish to do anything but buy or hold until the meeting on the 17th or the prototype unveiling.