Replies to post #20008 on Cannabix Technologies Inc (BLOZF)

[shell3]

JMO - $1.54 BLO is the Shorted Average on those Shorted Shares

Make them pay or use the 4.8M New $1.60 BLO Warrants

Hope the 6M Old Warrants left @ $0.25 BLO after holding all most a couple years (March 2016) was the short and Exercise for the cover in the next filing- JMO - Better than letting a Short Backfill with this New Placement and for what? Enough cash to issue themselves Options is my guess - $400,000 gathered from Old Warrant that did exercise in November plus this now $5,577,500 from new Placement pushes them to $9M Working Capital and usually about $300K spent per Quarter gives them roughly $8.5M Working Capital - JMO - Look for Options to come - Rather see the Product and then the Options - But bet its Options then the Product - Close the New Private Placement Please

Roughly 6M left of these Old Warrants

(a) Number 13,880,025 Warrants
(b) Number of securities eligible to be purchased on exercise of
Warrants (or options) Up to 13,880,025 common shares
(c) Exercise price $0.25/share; however, all warrants are subject to
an early acceleration provision which provides for the mandatory exercise or expiry of the Warrants in the event Cannabix’s shares close at $0.30 or higher for at least 10 consecutive trading days. In such event, the Warrants will accelerate and expire 30 days after the Company has given notice of the accelerated conversion to the Warrant holders.
(d) Expiry date 24 months from the date of issuance of the Warrants, subject to acceleration as set out in (c) above.

http://thecse.com/sites/default/files/Cannabix_Amended_Form_9_March_11_2016_final_a.pdf