RE:RE:RE:HUGE VOLUME AND MOVING UP FASTA couple of points worth considerting.
1) It says a LOT if the company now has a fully functional device that they are ready to test in the market. This has been a VERY long time coming, to the point where I openly questioned whether this company had any real potential to ultimately deliver. It looks like they actually have.
2) I think the share price to date has shown that "is this real or not" frustration, given the slow progress. Yes, the science is tough, and yes, the hurdles are high to have a portable device that delivers on the accuracy. Has Cannabix finally acheived that? I actually think they have. And with that, I anticipate a recalibration of the share price to reflect that this product is actuallyin fact real and on the cusp of ready to deliver. With regard to the share price, clear frustration will be replaced with optimism, as there is a heck of a lot of blue sky potential if the reviews from Alipour come back positive.
3) With regard to the company displaying confidence, their partnership with Alipour is very good. Alipour has clout in this testing arena. As noted in the press release,
"Alipour Medical Centre provides drug and alcohol testing services to a number of local employers in the state." I also find it quite encouraging that Cannabix is now actively purusing other possible testing sites and agencies. Again from the release: Cannabix will be seeking additional organizations for beta testing and welcomes interested parties to contact us via its website.
If this device is endorsed by third parties, then today's share price is only a fraction of what it will be. The question now is whether the risk/reward is there. All in, I would say it is. Imagination in the market that "this product is both real, and ready" should motivate the share price upwards. As positive confirmation comes in from 3rd parties testing the device, the share price will move powerfully upwards, far beyond all previous highs.
This gap right now, between long term frustration and soon to be positive market realization is the sweet spot for entry into the stock. On that front, count me in. Closure70 wrote: Does anyone know if any of our police organizations here in Canada have put in for a trial? Mind you, the recent news woudl pave the way for us in the US as a much bigger market, just would be good to hear that we support our own technologies.
Looks like the new administration in the US would also look favourably of MJ reforms, especially if they also win the Senate. Regardless, this new is a great boot to the credibility and onstart of BLO getting to market readiness.