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What's causing the hold up or pull back. Strictly profit taking? Thoughts anyone?
There may be some profit taking but with the volume we have been doing on a potential dip a lot more shares will purchased. I only see this climbing up further. Hopefully this hits 2 bucks by end of the week.
8 million in volume today.. unbelievable!
Couple years? I'm thinking 8 months lol
I just want to congratulate all the long here. Our patience was tested time and time again and it looks as though we have weathered the storm and clear skies ahead :) good luck to all.. BLOZF Long!!!!
Potentially I see no reason why this can't hit the 40's, 50's or 60's. I may be shooting for the the moon here but if Taser touched 100 bucks in 2003 being in a similar position as BLO. I will not rule out the possibility. This stock has unlimited potential.. too much.
Yeah I noticed that after you mentioned it. Definitely a good sign. I really am curious to see volume tomorrow and how this reacts. Possible pull back from profit taking and another ramp up. Would be nice to touch a dollar by Friday.
Loved the volume today. What I found even more interesting was that a lot of big bank investment subsidiaries buying up the shares. I saw Scotia Capital alone purchase over 250,000 shares today. Says alot that these guys are jumping in the pool now.
Maybe I can have the opinions of the board on this one. Is it possible that BLO is receiving government funding to complete and get this device ready for the deadline? And if that is the case wouldn't that mean that they would now be less reliant on investor funds being that they are now government backed? It would probably even be beneficial for them if ppl sold off their shares as it would be less ppl getting a slice of the pie come high times (pun not intended). Just a theory. It's possible they are silent because if they are working with the government they may be obligated to not release any information to the public. Investors included. We are all thirsty for the information yet they hand us nothing and appear to not really care if we believe what's going on behind the scenes or not.
Logically that makes sense to me if their largest partner would be the government it may be treated a little differently?
All I can say is if these guys are scam artists then they have went to extremely great lengths and are very good. Better than those guys who make you find the red card in Vegas.. let's throw it back to 2014 shall we.. when this project first got under way.. here is a video from CTV -
http://www.ctvnews.ca/mobile/video?clipId=382260
You even see a glimpse of what appears to be a prototype used by Dr. Raj Attariwala. This was back on 2014. Now I understand Kal had some failed ventures in the past and a few ppl dislike him. But I do not see him on national news advocating for any of the other companies in Bullrun. Just saying. On top of that he is working with legitimate scientists and doctors. Do you think those guys want their careers tarnished to shake down a few investors? Its doubtful. I believe in this company and the technology. Just gotta continue to be patient.
Another thing I want to add is this.. the task Cannabix has taken on is a VERY hefty one.
They took on the task of isolating THC molecules via using a mass spectrometer (huge old thing) which requires a PhD to operate and shrinking it down to a handheld device that any layman can use. Far from an easy task. Some ppl say 4 years to do this is a long time. I say that the fact they are claiming to to be nearing Beta 3 testing in just 4 years is pretty damn good. Look back to the first computer that came out in the 40's versus the world's first desktop computer in the 70's.. to now having handheld computers in the palm of our hands. Shrinking technology is not easy. Mankind has just gotten more advanced at it now. So let's keep things in perspective here. Big things are on the horizon. Don't let a disorganized Btec blind us from what's unfolding with BLO. It's possible that BLO is much higher up on Kal's priority list right now.
Although I can understand AMG's skepticism based on previous failures and disorganization in Btec . I agree with you Roland. Do I want to BLO to be a success?
Absolutely. Despite us not being able to see a tangible device. I do not think they are 'blowing' out hot air here. Time will be a determining factor. With legalization date inching closer and a lack of guidelines for road safety... what they are working on is an absolute need. Take a look at this article from Toronto Star written today..
https://www.thestar.com/opinion/commentary/2017/10/31/marijuana-impairment-will-be-difficult-to-prove-and-prosecute.html
Just reinforces what I said. I can understand ppl losing faith. I am frustrated in Blo's lack of keeping shareholders informed on current status too.. but sometimes silence can be indicative of moves actually being made. Especially where government contracts are involved. Silence can be golden. Some of you guys have been here since 8 cents. I said it before and I will say it again BLOZF LONG! Let's keep the faith. The home stretch is upon us.
I think I sometimes type these long winded posts to reassure myself lol. Hoping things unfold much differently on this side soon. I really want to quit my job and go back to school with the profits. I perused through the Btec board and am up to speed. Still gonna hold the shares as a long term play.
In light of what's going on at Btec in terms of leadership (or lack thereof).. I do not believe BLO will have the same issues.
I think it's safe to say things will start heating up with BLO in the coming months. Based on the email I received from Rav Mlait earlier in the month, they are to begin trials with beta 3.0 as we speak. This is to be completed with a 3rd party US company. Once they can guarantee 100% accuracy of device they can then submit it to the ministry of justice as an admissable evidence tool. Once approved it will be officially court certified and that's when all the green lights should start flashing. BLOZF LONG
Wow.. literally got an email from Rav Mlait right after posting this msg.. spooky. So will share with the board:
"Hello
We have been continuing to test with Beta V 2.0 and will begin testing with v 3.0 shortly. As we pointed out in our last news, there have been many design changes as we get our device ready for broader testing. There are a lot of good things going on.
We also mentioned in our last release that we are in discussions with an institution in the US for more robust testing. Both groups are preparing for this and we hope to provide an update soon.
Rav"
I agree. In addition I sent an email to investor relations at Cannabix 2 weeks ago and recieved no response back. So it makes complete sense.
I appreciate the info AMG. I am still learning more about BTH and in all fairness I have little knowledge about their completion timeline. I do believe in the importance of their device as well however I do think that BLO device holds precedence. My reasoning for this is that the medical industry should be able to function without any increased difficulty whilst waiting for Breathtecs device. The same cannot be said for law enforcement accross Canada. It will be quite difficult for them to conduct day to day operations post July without a legit way to test for recency of use. Hence I think the government would have this higher on their priority list. Regardless I picked up 20K shares of BTH @ 0.08 cents with out giving up any of my BLO so I am holding both and playing the waiting game.
That was the best post I have ever seen you write. Clear and concise. It actually caught me off guard so I will give credit where its due. Let me clarify by Lions share I did not mean they are sharing resources as I am aware they are two separate entities. Poor wording on my part. But my point is BLO is a better funded company. BTH has further to go. Since the same folks run both companies it is more likely BLO will take off first and merge with or absorb Breathtec. Yost is part of both companies is he not? So logically where do you think his efforts are focused on right now? A MJ breathalyzer where there is a gaping hole for law enforcement or this disease detecting breathalyzer. You gotta fix the leaky roof before you put in new hardwood floors. Good luck to you anyhow.
Wow Hoyo you are so convincing in your one word rebuttles. Take a hike. AMG is right there is no substance or logic behind your posts. I cannot even call it fluff because fluff would need to make sense.
Go put all your money into Breathtec if you want. I think they will do well however not for some years. I will tell you why. A) The healthcare has alot more hoops to jump through (ie. proving the science to other medical professionals and de-establishing normal protocol).. B) a WORKING device.. they dont have one yet. BLO does. C) Cash.. they are not as well funded as BLO hence their stock price is under 10 cents CAD.. the reason being is because BLO gets the lions share of funding to complete and finalize the MJ breathalyzer, which as of right now.. is more important to the Canadian government than a disease detector. If you were smart er you would use BLO to make some nice money in near future and then reinvest some of your profits into BTH but hey.. you're the genius. Im sure you know something everyone here doesnt.
No complaints on my end whatsoever. I love a good call out as much as the next chap. Most ppl dont have the patience or foresight to know this is a buy and hold stock. Not a daytrading, in at 8 cents out at 70 cents kinda deal.. especially considering the best is yet to come. And only now are talks of road safety becoming an impending matter. For anyone who sold.. good luck getting back in before the door shuts on you.
when those contracts get announced there could or may be a freeze on purchasing and now you gotta buy back in at $7. What do you propose to do then?
This post actually made me laugh out loud. Almost too good to be true. These guys are clearly masterminds.
http://www.cbc.ca/beta/news/canada/calgary/calgary-cannabis-workplace-businesses-1.4317478 .. good read. Particulary the last paragraph.
Thanks Greens for posting a study done in 2010. You're really up with the times. Good luck with your lawyers. I'm sure they will thwart this soon to be billion dollar industry.
I believe that is correct. It only makes sense that this device, being a government neccesity, would receive funding from Ottawa.
I watched an interview on youtube a while back with Kal and he was posed the question of the companys financial situation. He informed the man they were a well funded company outside of investors. Funded by whom? He made no mention. Its quite feasible that its government since the device is primarily being created for their use.
Keep in mind the government cannot outright say they are working with a 3rd party on a device as that would increase public skepticism and validity of such a device. If they say "the federal government is working on a device." the general public would be less inclined to question it.
By that logic it would mean that I have to make a choice.. if I smoke I cannot drive for a month til all THC has left my body. That does not seem right. I believe what 0 tolerance mean is it is 0 tolerance for smoking then getting behind the wheel. If you are an experienced driver the penalty may be less harsh.
My interpretation of it is this. 0 tolerance is 0 tolerance for a specific demographic. Next question is how do you determine who is high? By detecting 'recency of use'. So either way Cannabix device would still be applicable for detecting high drivers subjected to this policy. Maybe experienced drivers get a warning? Either way I have a feeling they are referring to the BLO device. I do not know of any other device they can use.
Lol sure.. and why does BLO need to preserve a breath sample? The whole point of their device is that it can detect accurately at that very moment if you are high or not. Same way if you drive drunk, you blow into a device and if it shows you are impaired you get charged on the spot. Same concept. They do not send your drunk breath sample to some lab for further analysis. That's makes no sense. You really think they are gonna save everyones breath samples and keep them in labs? The labs would be overwhelmed with samples in the first 3 months.
The way BLO device is designed to work is if you blow into it the results are accurate on the spot. There is no need for a lab. I hope you understand this. Do you know why they do not need to save the breath sample? Because the device would already be approved by the Ministry of Justice as an approved admissable evidence tool and hold up in any court. That would solve your whole 'wrongful prosecution' theory.
Hound is garbage another thing anyone who believes in Hound is welcome to do.. Go visit www.houndlabs.com and look at the team of boy and girl scouts responsible for their device. None of them have any background in breath analytics. Just a few ER physicians and venture capitalists. While Cannabix is working with the Yost team and a team of actual qualified scientests including the man who helped developed the first alcohol breathalyzer. Its like grade school Tee-ball vs the New York Yankees. Simply not in their league and in over their heads. Cannabix long and strong
Roland you are absolutely right!
CANNABIX will not be using cartridges. Terrible post. That is the whole reason their device is taking longer. Smarten up and bring actual facts to the table. Not some fabricated garbage. Have you actually went to Hound website and understood how their device works?
I couldn't tell you either because they do not explain how it works. Here is a quote behind how it works from Hounds website:
"The biggest challenge we’ve faced, by far, was developing and refining the science to measure THC in breath. I evaluated various methods, including ion mobility spectrometry, but none of them were good enough. So, we had to develop our own scientific process which understandably, wasn’t easy"
Verbatum.. and which sciencific process is that exactly? Nobody knows. No one knows how Hounds device even works. How can something like that hold up as admissable evidence in a court? Maybe you can explain to the board how Hounds device works. I dont care if someone gave them 20 million.. they are lost. And again CANNABIX will not be using cartridges.
Cannabix uses FAIMS which they have shrunk down to a handheld device. The first of its kind. Different science from Hound which is what separates them.
Its not that Canada is waiting for Cannabix. But their completion timeline fits with legalization. The beta 3.0 is actually a near completed device.
As per press release it includes all the bells and whistles. All is left is the testing (which has been completed) and some final calibrations. They are having a 2 day seminar in Ottawa on Sept 18th regarding C-46 bill and one of the main topics of the seminar will be driving impairment. I am sure the BLO device will be brought up at this seminar. Then once officially completed the BLO device will be submitted to the Ministry of Justice as an admissable evidence tool. Once approved, then BLO will have government contracts in abundance. By spring 2018 this stock will be in full swing.
Yeah sure the US market is "WAY bigger" but not all states have legalized. Canada however will be legalizing nationally. And will require, at the minimum, 200,000 units for Law enforcement alone. Thats not including airports, transit companies, construction etc. Multiply that by $1500 a pop.. and.. well you can do math. They are poised to make a substantial amt from the Canadian market alone.
You have to understand Canada will not legalize without this device. And they would rather use a proven technology developed in Canada by a former RCMP rather than US Hound where they have to import plus order a million cartridges to go with it. Not to mention Trump putting strain on NAFTA and higher import costs. Logically this just makes sense.
250K is indeed a big number..
However considering over 3.5 million shares combined were issued to the Cannabix team in April, I for one, am not too worried about it. If everyone else started selling off their shares too then it may be of some cause for concern.
But if ppl want to let something like that throw them into a panic then sure. I for one am long with about 10,000 shares. Too good of an oppprtunity to pass up. I did my research on the whole team. And this Yost guy has a history of delivering. Seems like the right way to go for me. GLTA and to those not invested.. I am sure this decision wont haunt you forever.
It does makes sense that he would sell some shares after a PR to cover incurred costs and expenses associated with the release. Doubtful this is insider trading as you are hinting to this board. It is a common practice by companies which are cash poor. They will no longer have this problem once its complete and ready for mass production. If you're scared then dont invest. But the longs here will be rewarded.
cannabix vs hound I keep seeing many ppl talking about how Hound is ahead of of BLO in this race. I see some flaws with Hounds device though. Hound will be selling device at a cheaper price yes ($800 per unit) however will be using disposable cartridges at 15 bucks each. Imagine how many cartridges will need to be ordered to fit the demand of every unit sold! Economically Hound is not a viable option. Cannabix device uses better technology in FAIMS and would be a one time purchase. No separate parts or assembly required. Good luck to all longs. BLO is clearly ahead of everyone in this potential market.