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Speaking of moving on (Kal),
I don't know if this is the best site to get the info,
https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA
Looks like Kal picked up 3,631,000 shares of Khan Resources Inc on May 5, disclosed yesterday.
Also if this site is accurate, says he still has 4,724,700 shares of Breathtec
and another 766,670 shares of Cannabix
http://www.khanresources.com/investors/news/170508.pdf
Kal Malhi who were elected as
directors at the Company’s annual and special meeting of shareholders held on May 5, 2017
So what's going on with this board? No one following Antibe anymore?
Seems like 2017 is the make or break year for them. I'm talking >$1 or 0.
All depends on the next clinical trial.
I'm surprised they are not talked about more.
10x bagger in the making here if you ask me. Let's cross our fingers for positive results in the clinical trial.
Yes hopefully not going to the moon on the SpaceX Falcon rocket.
Lately that seems to be more our fate.
Are you not just referring to:
http://cnsx.ca/CNSX/Securities/Technology/Cannabix-Technologies-Inc.aspx
It has:
Depth Display By Order
Depth Display By Price
and even has:
Last Five Trades
Yes services like yahoo and google usually have lags.
However in this case google does not have any lags.
As can be seen on the following site:
http://cnsx.ca/CNSX/Market-Data/
FREE REAL-TIME MARKET DATA ON GOOGLE
The Canadian Securities Exchange is the only Canadian marketplace to offer free real-time market data via Google Finance www.google.com/finance.
I'm not sure what you guys follow to look at the stock price. But i use finance.google.com
It shows real time price based on the canadian exchange it's on.
So with that being said I'm no sure of what halt you are talking about? Seems to be trading somewhat regular all day. At least within normal trading patterns.
I too would love to hear more if you have additional information.
Long BLO!
I have couple friends who are cops, I was talking to them about it and they are signing up with a trading account this week to start buying shares.
Any one else find BLO logo remind them of the Dharma initiative in LOST?
Thanks Matrix for the comments.
Yes i realize I'm grossly simplifying it. I was just trying to give some level of argument towards justifying my perceived value.
Prior to that i was saying I think this can be a billion dollar company.... but nothing to justify it other then feelings.
So I was hoping to put some numbers together to help indicate that my sense of valuation was justified.
I by no nature believe it is a thorough analysis, just an indication that this thing can easily grow 10x +
IF my simple analysis was saying it can grow by %50 well then I'd be concerned.
It was also posted to spark conversation and potentially have a more comprehensive analysis done by someone else which i welcome.
Thanks,
Yeah i can buy into what you are suggesting.
However i know the alcohol breathalyzer industry also has a chunk in for personal breathalyzers... I mean you can buy them online for cheap now days...
So i wonder what percentage of the 3 billion represents the Law enforcement industry.
It's probably a healthy chunk as I'm assuming the law enforcement ones would be much much more money as they have to be much more reliable, accurate and replaced so many x years I'm sure.
So even if law enforcement only represents 1/3 with the other 2/3 being business side and personal side, that would represent 1 Billion dollar industry, and that would be comparable to what the initial market size of cannabis breathalyzer....
Going on that logic, if BLO is first to market and captures 50% of it, that would be 500 Million market cap which is roughly 7.50 a share.
So long story short, if you had $10 000 in it today, you could have $160 000 tomorrow.
Hopefully this is a better assessment? i know i like these numbers better.
Well that sucks (ROTH IRA)
The more I read about it, our TFSA is an amazing tool,
unlike ROTH IRA, we can take out at any time and recontribute at any time.
So if year 1,2,3 we don't contribute then year 4 we can put in 20 000
Then say year 5 we get 10X growth, and its worth 200 000.
Year 6 we can pull out 100 000 and leave 100 000 in it.
Year 7 we can put in 100 000 plus the 5000 for year 5,6,7 all of which is tax free....
I didn't realize how lucky we were to have this setup.
The only caveat is if you put money in the same year you withdrawl as there can be some surprises.
By that i mean if in year 1 you put in 5k then take it out then put it back in, it's treated like you put in 10k and you get penalized for an over contribution.
I've been trying to crunch some numbers but my logic is obviously flawed.
In 2012 the US market size of alcohol consumption was 198 Billion dollars.
The Alcohol Breathalyzer Market size is over 3 Billion dollars.
That makes the Alcohol Breathalyzer market about 3/198*100= 1.5% the size of the Alcohol Market.
Now the legal Cannabis Market is estimated to be $2.34 Billion with expected growth to 10 Billion by 2020, but let’s start with the original number of 2.34.
If the ratio would stay the same, this would imply 2.34 *0.015 = 0.035 Billion or 35 Million market size.
If Cannabis is first to market they can probably get the majority of the market. But let’s assume 50%
That means Cannabix can have a market cap of 35*0.5= 17.5 Million and potential to grow 4 times that over the next 5 years.
Wow I hope I have some really bad mistakes in this or some bad assumptions or else it would imply BLO is fairly valued and I’m to heavily invested.
Anyone care to speculate where i went wrong? I feel they must be worth more then this.
I'm in Canada, we have an option to open a TFSA (Tax Free Savings Account) I believe the USA has a similar called ROTH IRA?
Limited amount of funds you put in (5500 a year) but been available for us since 2009 so thats well over 25K space now.
These would be ideal locations to invest in stocks like BLO plus no capital gains or tax implications.
Similar if you have a RRSP (Registered retirement savings account) this would be tax deferred where you only pay tax when you take it out (similar to a 401k.
So unless these accounts are maxed out, i don't know why anyone wouldn't invest in these first?
BETA prototype development stage
http://www.cannabixtechnologies.com/uploads/2/6/5/9/26598104/cannabix_technologies_inc_presentation_-_spring_2015.pdf
They have a new pdf available,
Says they are currently developing Beta Prototype, I hope this implies the Alpha prototype is functioning as expected and they are making good progress on the BETA.
Still no timelines outlined, and after Beta is developed they still have to do the clinical trials but I would take this as a good sign.
Yeah i had some shares in both my RRSP and TFSA account (canadian BLO)
and have the new shares listed as T023102.16 in both accounts.
This doesn't surprise me, I have had shares in a company before going public and it takes some time to get everything done before they become tradeable. I expect this is some sort of holding name until the ticker gets created then it will be listed under a normal ticker which can take days.
The price will be whatever we set it once it becomes tradeable. Like any other stock, its all about supply and demand.
However if i was to venture a guess. 8 Million shares and property probably worth around 200K - 400K so my guess is 0.02 to 0.05 per share.
Anyone notice this before?
http://www.cannabixtechnologies.com/presentations.html
"Our corporate presentation is currently being updated. Please check back shortly."
How long has its said that? is this new? if so are we expecting and updated corporate presentation in the next day or two?
Or has this been like this for days/weeks/months on end?
Anyone notice on the canadian side (BLO) there is no shares traded today?
Did i miss something? is it halted because the split?
Yes i agree, no harm, was just trying to be informative.
No I'm still trying to figure out where there number 0.16 comes from. It implies roughly 50 Million shares at play.
However now looking the Form 7 - Monthly Progress Report
It does say:
Number of Outstanding Listed Securities: 50,079,778 common shares
SO this all makes sense.
The way i understood the release, shares bought today are eligible for the the new shares. And i would further this by saying the following:
If they wanted to make sure no more shares were eligible and yesterday was the cut off, they probably would of only posted this message after close. Since they weren't concerned about that, the timing of releasing this (mid day) wasn't significant.
Let's just hope that millions of shares get traded on the 9th (not likely) so we get more then 1/6 per share.
Also as for the price of the new share, like every stock on the market... it's the market that sets the price. So if you put a sell at 0.10 and someone puts a buy at 0.10 then thats the price.
If you want to talk about what the company should be worth then thats a different story. I mean some would say BLO should be worth 50 Million but obviously the price is not 1.00 a share.
Now from what i recall the land was purchased around for around $200 000
You can factor maybe a bit more $ in potential in the equation but lets say on the low end the company is worth that which is about 0.025 per share. On the upper end ? i don't know maybe 2 x that price? i mean it's just a piece of land and all drilling so far had nothing earth shattering. so i would venture up to 0.05 as a conservative upper limit.
How does this affect BLO share price, i don't think it does, i think it's not material.
Pretty sure this thing about putting your share up for sale at x$ so it can't be shorted is a myth.
I know that floated around and many people seem to believe it but from what i remember the last time i actually looked into it, this is just a myth and not true.
And for those that doubt me, see my post 2753
I don't want to say i told you so, but i told you so.
JK all just a bit of fun according to my wife i'm never right so i want to take pride in the few times I am!
Plus i don't get to tell her "I told you so" so getting my satisfaction here :)
Sorry i was heavily distracted when i was writing this.
my numbers were all wrong.
if you have 1000 shares of blo today then on march 12 you will have 1000 shares of blo.
You will also have shares of a new company which is calculated by the share float eligible on march 10th divided by 8 million.
they are saying about 0.16 so that implies the projected share float is around 50 million. so for 1000 shars of blow you gte 160 shares of new stock
SO im not sure if options and are warrants are factored in, kinda looks that way.
NOw if 10 million different shares are traded on March 9 then that share float number goes down to 40 Million and you get and for every share you get 0.2 shares of this new company, roughly 200 shares for you 1000 original.
hope that makes more sense. (and judging by my last message i have to stop drinking).
If I take an apple from you and give you an apple and an orange what do you have?
Exactly.
I didn't think it was that complicated.
If you have 16 000 share today you will have 16 000 plus roughly 1000 shares of a new stock
There is no double shares. Not sure how anyone came to that conclusion.
I thought it was well explained.
Now I say about 1000 shares because if say 10 million different shares get trAded let's say on the 9th then th eligible shares is roughly 25% less so then you get a share for every 12 you own.
Also keep in mind that if 1 share is traded 10 million times then we are still at 16 to 1
I don't believe the Jan 5 day is cut off for dividends on gold property.
From my interpretation (which may be incorrect) the Jan 5 was a cut off date to be able to vote in favor or against splitting off torino to a spin off company which 8 million shares will be even distributed to shareholders at a some point in the future. I believe the date has not ye been determined and i am assuming the date will have to be a future date and not a past date. So that would imply if you buy today you would still be eligible for the shares.
I hope I understand that correctly.
on the "Horizon" i think means close.
I still stick with my assessment.
When we are talking about a multi year project, 2,3,4,5 weeks is still close or on the Horizon in my mind.
Great if its released end of Feb, I don't think it will be. And it would be awesome if I'm wrong. But i still get the sense that end of March would be more realistic. Maybe the person in question uses terminology in "Days", "Weeks" and "Months" rather then using a full scale of:
"Hour", "Hours", "Day", "Days", "Week", "Weeks", "Month", "Months", etc...
Then in the first case if his next interval is "Months" then "Weeks" would imply up to 8 weeks.
I just think people might be reading a little too much in the word "Weeks" . I think in the end it means soon, regardless if its 1 week, 4 weeks, or 10 weeks, that still all good news when it comes.
"Anyone think the prototype release could be delayed well into March"
I'm not sure why people are setting up unrealistic expectations.
They said on February 2, weeks away. To me when someone says weeks a way, that is more then a couple weeks, somewhere along the line of 3-8 weeks.
Anything more then it would be "a couple months" or "months" away.
Secondly when getting to the stock market, it always seems like comments of this nature tend to be a bit further then what a common person would assume. So i wouldn't be surprised if this up to 12 weeks out too.
My initial thought is end of March but I would never hold them up to that or be disappointed if it's delayed.
I think this notion of end of February, while possible, is very unrealistic and people need to set proper expectations.
I am fully invested in BLO and have very high hopes but I'm concerned on how people react if they make these assumptions and they don't come to fruition. I guess on the bright side that could mean another dip and i can get more friends to pickup cheap shares (as I'm already fully invested under 0.20) but all the same I'd rather see it just keep moving up.
Was anyone at this meeting?
Does anyone have any info about the spin out?
Did anything else of note get mentioned?
Common people, someone must of gone?
I have reason to believe the Seeking Alpha article will become available tomorrow at 10 AM Eastern to the general public.
Past experience tells me when a small company like this gets a favorable review on seeking alpha we typically see a jump up in shareprice.
I wouldn't be surprised to see tomorrow hit a high 0.75+ (on Canadian market).
I can be completely wrong as I'm going off of memory.
I don't believe they patented anything towards the detection other then perhaps their prototype.
But I believe the big thing is some Swiss company patented it and they have an exclusive license against the patent.
I could be wrong but from my knowledge it's this license against the patent that is key and what will make BLO a winner.
Found one more article talking about BLOZF Not much on it but anything helps
http://seekingalpha.com/article/2897376-a-preliminary-examination-of-n-35-canadian-marijuana-stocks-eh