Replies to post #3735 on Cannabix Technologies Inc (BLOZF)

[Matrix7]

Hmm. Never heard of this before. Apparently it needs to be paired to mobile device like a smartphone or tablet. While I don't see law enforcement going that route it's definitely something to keep tabs on moving forward as I'm sure Cannabix management is as well.

[TonyJoe1957]

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10461996
Negative working capital position, lots of convertibles and related party junk going on...

[coin8300]

dingo, good post. I have actually been following this company for some time now but never invested due to a few things. Their 1.4 million negative balance sheet, complex company structure (they are owned by another company), also their authorized shares amount. They threw in narcotics testing in their presentation but the truth is they have been solely focused on detecting cancer from the beginning. They are not building this device to stand up to field use (durability) and I have no idea if their way of testing provides a specific time window like the Cannabix tech does. Also they only have a 5-year agreement with NASA for their technology, after that it expires (and its already been a few years). They might renew the agreement who knows, but that's a gamble. I do not know how this tech compared with the Cannabix method of testing. It may well be a good investment, but I do not think this is a direct competitor with Cannabix as of now. Also something that can only be used through an ipad or other device will ultimately be MUCH more expensive. That means for every unit you not only have to buy the device but also buy an expensive interface - this is not practical for police or commercial use like a construction environment for instance.

[shell3]

Here's a couple quotes in their filing, I see them as no threat to BLOZF/BLO

Also talk about this other company needs to be on their Board and not BLOZF/BLO Board, but thanks for the post

The Sublicense Agreement grants patent rights to us on the same terms as such rights have been granted to Nanobeak under the License Agreement; provided, however, that the field of use for the patent rights granted to us is limited to disease detection.

Still under development, the first mobile application is expected to be for lung cancer screening with additional mobile healthcare applications in the planning stages.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10461996

[Paulness]

Yes Vantage is the competition ,always know what the NASA backed competition is up to , built in America , Scripps are in Vantage as well , Cannabis detection is one of many targets for this company.

http://www.vantagemhealthcare.com/