Cannabix Technologies Inc (BLOZF)

[mfascuba]

Agreed. The UF partnership brings a level of credibility to this venture that two guys working out of their garage will never have, no matter how smart or how good their product. Note that last summer the press release said they were "well funded", not "fully funded". Well funded, in my interpretation, means they have operating capital on hand to continue moving forward. The time period was not defined. Now they are raising additional capital, fresh on the heels of their announcement that they are buying patent rights, to move to the next step.

There is speculation that the dilution of shares will be to insiders only, and it has been expressed that the amount is a finite amount. Only selling the shares to insiders has the added benefit of not dumping them on the open market, and not exposing the open market to the risk associated with holding those shares or the immediate dilution of available shares en masse.

This all points in a positive direction. I went off half cocked yesterday without reading all the way thru what was going on - I've also been fairly patient, and will continue to be as long as there is some life to this thing.