TruTrace Technologies Inc C.TTT

Press Release“Blockstrain reports to Shareholders”

[BravoOSS]

“We would like to address one issue that has raised concerns for our investors, which is the sharp decline in our share price over the past 54 to 60 days. Some investors have contacted us with concerns that this decline in share price might be due to an adverse material event that had not been reported. We can assure you that this is not the case. Our company is in a solid financial position and we are working to surpass all the benchmarks we set forth earlier this year. BLOCKStrain has only been in the public markets for a little over six weeks and we're just getting started.”

Read more at https://www.stockhouse.com/news/press-releases/2018/07/05/blockstrain-reports-to-shareholders-on-first-quarter-operations#SGAc130mV7gZJdAK.99

[Futuretrends87]

Exactly. Excellent post based on DD. The company is in a great financial position. No one invests $10 million in a company, at a set rate, unless they believe in the business. The financiers have deep pockets and can push this stock up when they please.

[LaserStock29]

The shares are unrestricted now (march8 +4months) Hopefully that means we get rock here

[Thanksforplaying]

Wrong...people put money into the deal 5 months ago because weed and blockchain were hot stories.  Blockchain is dead.   Nobody cares.  They missed the boat.

[BigmamaT]

Seems you've not been paying attention. A section of C45 requires a Cannabis Tracking System (CTS). From what I've gathered so far with my DD (Spoke with the office of the Senator whose subcommittee held meeting & hearings on this), the Government is going to choose one system for this CTS. The hope here is they want to use a blockchain solution, which clearly Blockstrain would provide

[LaserStock29]

I appreciate good DD, so I thank you.. here is a follow up  C45 (h) permits the establishment of a cannabis tracking system for the purposes of the enforcement and administration of the Act; PART 6    Cannabis Tracking System   Establishment and maintenance   81 The Minister may, using the information collected under

[LaserStock29]

Dalhouse Article from previous post

[LaserStock29]

I read the Part 2 of the Gazette and it  mention  reporting systems available.. i had to smile  Gazette part 2 Just Cntl+F  and type in 'Tracking'  Scroll to bottom. 6. Will electronic reporting and data collection be used, including electronic validation and confirmation of receipt of reports where appropriate?

[TacTics]

Can Blockstrain compete with IBM on govt level? David vs Goliath type of situation. "The final sign that the cannabis industry has reached some sort of an inflexion point may be the arrival of blockchain and cryptocurrency. IBM has pitched a blockchain-based system to the Canadian government that could track pot supplies throughout the entire supply chain" IBM doing the same in Australia

[BigmamaT]

Many variables to consider there.  From what I have gathered, IBM merely suggested blockchain as a mechanism.  That isn't really the same thing as already having a solution designed and ready to go.  Clearly this is where the "bet" is.  Who is going to be chosen.  October is not that far away and when one considers just how many LP's, point-of-sale

[LaserStock29]

Well the financing was supposed to be 3.5m but they got 10m at. 30 And blockstrain has LPs signed in weedmd, abattis First mover that has a solution. The 4 mth holding period ended today. Hope this is the bottom

[BigmamaT]

Very good point indeed.  4 months ago, well into the subcomittee meetings as well as the debate of this law Block was able to triple the amount of money for their PP, and from what I've heard, turn people away.  Hmmmm....  wonder why that is??

[Futuretrends87]

I think this is the bottom or close to it. This is a new ticker with limited info on the numbers. There is no way to determine a fair valuation and this is the prime reason why the stock dropped to the.20's. The financiers set a near term valuation at around these price levels because they have done a lot more DD than what is publicly available to us. I'll say it again, no one puts this

[Claudius75]

This post has been removed in accordance with Community Policy

[BravoOSS]

Blockchain is dead? Maybe in the eyes of some investors. But what really matters are engineers. And the engineers are going to keep playing with and using Blockchain technology. The ulimate value is created with the softwares and platforms that they create.  Investors who make investment choices solely based on whether the Company is a hot topic or in your words a "hot story"

[LaserStock29]

It's finding the 'mega run' ... Blockstrain is a first mover; getting 10m vs 3.5m on the pp...  having LP's already signed.. the person creating the software did 'weedmaps'. Id say a very successful product. Blockstrain nr Tommy Stephenson. Mr. Galarza brings a diverse professional background to BLOCKStrain with over 10 years of experience in advertising and mass