Sunday, February 12, 2017 10:02:44 AM
There are penny stock companies on a daily basis that scramble and would kill to become a part of this burgeoning industry and you think, “Lifeloc will probably regret ever attempting to get into the cannabis market and being designated as a "marijuana stock." - I respectfully disagree.
Article from yesterday: http://www.satprnews.com/2017/02/10/surging-demand-for-non-invasive-diagnostic-techniques-to-fuel-the-demand-for-breath-analyzers-market/
“The global breath analysis market was valued at USD $402.1 million in 2012 and is expected to grow at a CAGR of 41.3% from 2013 – 2019 to reach at an estimated value of USD $4,518.4 million in 2019.” Some of the major players of the market include Alcohol Countermeasure Systems, Inc. Dragerwerk AG & Co, Intoximeters, Inc., Lifeloc Technologies, Inc., Quest Products and other key players.
40% annual growth rate! And Lifeloc is a major player. And they only currently have a market share of ½ of 1%? Outside of the marijuana breathazlyer, there is so much room for growth here in the US and worldwide it’s incredible.
Lifleloc and the other companies that are working on this technology will never give up. The market potential is way too big. They may need to invest more capital into research and development and hire some outside help but I can be pretty confident in saying that Lifeloc has not given up on creating the marijuana breathalyzer. If I guaranteed you that gold bars were buried in your backyard, would you ever stop digging to find them? No way. Every day you are out there digging is a day closer to finding the mother lode.
This company has 3 decades of experience in the breathalyzer industry. BLOZF (which is our best comparison company) is valued at close to 2 times that of LCTC. And yes, BLOZF does have a marijuana breathalyzer patent (while I have yet to find one for LCTC). However, LCTC has about 10 patent pending applications and it’s my opinion that LCTC should be valued at minimum twice that of BLOZF. Do you not think that should be the case?
We have seen how LCTC can trade from the $7.00 range into the low $20’s from just a simple Money Morning article that was seen by maybe a couple hundred readers and a post on the BLOZF board in early January from ThaCarter007 that may or may not have any truth to it:
“OMG!!!! This just in.... Life Lock has a viable Marijuanna Breathlyzer, and a birdie told me the science was Sound! I'm a Blozf shareholder and very hopeful on our product movement...but a device built in secret that No one knows about could be a VERY BIG PROBLEM!!! This Sucks. Btw the birdie is a very reliable Gov source I knew from my Airforce days before retirement.”
If an article can triple the price, what do you think is going to happen when Lifeloc announces some positive news on the breathalyzer front? If we get an article about LCTC posted by a major news outlet and is seen by thousands of investors, this thing is off to the races. Confident as I can get about that.
One thing I am certain of – LCTC is going a lot higher.
What I don’t know is when or how high it can go.
Recent LCTC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:14:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:46:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 02:57:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/23/2023 02:57:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 09:11:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 09:26:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:21:40 PM
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BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM