[pdicamillo1]

Excellent summary. Thanks!

I picked up some additional shares of BLOZF yesterday. I still think anything below $.20 on that one is a good pick up with the whole sector being in play for the near term future.

[Energy Manager]

Good morning...! Schumer is a strong force in the cannabis movement, and is well known for stating the need of a "marijuana breathalyzer." The majority leader did say that he wants to allocate funds to develop a cannabis breathalyzer to detect impaired driving, saying that “just like you shouldn’t drive under the influence alcohol, you probably shouldn’t drive under the influence of too much marijuana.”

Although, I'm not currently aware of anything in the new Bill with provisions for a marijuana breathalyzer. I believe his thoughts on improving public safety and protecting small businesses, in relation to this Bill, stems from the need to move away from an all cash business model - which attracts crime, robberies, etc. of cannabis businesses. These businesses face large obstacles in regular banking, due to current laws, which restrict traditional ways of doing business. The purpose of the new Bill, is to allow marijuana businesses to participate in normal banking, as any other business model would. I'm sure there will be much more added in to the Bill, as with any other Bill. I guess we will have to wait and see what it brings...

There is so much stimulus on this entire sector moving forward, and Lifeloc is well positioned, and probably well timed in bringing their product to market. The two most recent advances that have given Lifeloc the upper hand with their technology, is the Department of Transportation's adoption of using Oral Fluid Testing, with a determined Cutoff Concentration of 4ng/ml for THC. This removes the barrier that has existed up until this point - just a couple months ago....

I see a long run ahead for the cannabis sector - leading into the Presidential election. Whether Lifeloc will participate, is yet to be seen, but I'm optimistic...

Best of luck everyone !

[pdicamillo1]

Schumer Aims To Bring Newly Revised Marijuana Banking Bill To The Floor ‘With All Due Speed’ After Next Week’s Committee Vote:

https://www.marijuanamoment.net/senators-are-reportedly-circulating-revised-marijuana-banking-bill-with-new-title-and-provisions-as-committee-prepares-to-vote-next-week/

"Schumer said in a statement shared with Marijuana Moment on Tuesday. “This legislation will improve public safety, protect small businesses, and finally achieve action on cannabis reform. I intend to bring this legislation to the floor with all due speed.”

I have to imagine that part of this newly revised Marijuana Banking Bill will focus on keeping the roads safe and improving public safety. To some degree this should benefit companies like Lifeloc.

We really could use a push to help us break through this resistance at this $3.35 and see if we can maintain some momentum higher.

[pdicamillo1]

We should see the sector in play tomorrow on this news:

https://www.nbcnews.com/politics/congress/marijuana-legalization-banking-federal-reform-congress-rcna104268

A bill that would let legal marijuana businesses get access to major financial and banking institutions is likely to have the votes to pass the Senate.

The Senate Banking, Housing, and Urban Affairs Committee is expected to hold a markup session for the bill, known as the SAFE Banking Act, the week of Sept. 25, three sources familiar with the talks said. The markup process, which allows senators to debate and consider amendments, is viewed as a key step in advancing the bill to the Senate floor.

“The emphasis needs to be on safety,” Sullivan said.

[pdicamillo1]

I'd love to see a 40%-50% move out of Lifeloc and play some catch up to the CGC's and ACB's and the rest of the sector.

[pdicamillo1]

Time for Lifeloc to get out of the $3.00's. There presentation at CopWest is less than 2 weeks away, BLOZF and the other stocks in the sector just showed that a 40% move is pretty easy when the group is in play, and we have a device that is now 5 months closer to the finish line that when we last heard from them on the annual conference call.

No other device can test for various drugs of abuse. If given the choice to purchase a product that can only test for marijuana and one that may cost more but can test for multiple drugs at one shot, wouldn't you prefer to go with the device that can give you results for all of them?

[Energy Manager]

Good call on BLOZF...

[PotsandPans420]

Crazy rally in the marijuana sector. What sparked this?

[Energy Manager]

definitely don't blame you for diversifying - I thought the same thing. Maybe a little SOBR too...

[pdicamillo1]

Ok. Obviously I understand that this is the Lifeloc board, but with the entire sector on fire, I'm going to pick up some BLOZF here. Absolutley love this risk/reward at current price levels. My risk is down to $0.17 (at worst $.15) but the upside with the momemtum of the entire sector is worth a shot at these levels.

If Hound Labs decides to go public with an IPO (the timing is right) we could get a nice added boost in anything related to a marijuana breathalyzer.

[pdicamillo1]

With the sector moving and currently in play it would be such a wonderful time for Lifeloc to put out a PR or news release with anything related to marijuana or cannabis. Strike this thing while the iron is hot and the industry is on fire.

Next level of resistance seems like its right around the $4 level.

[Energy Manager]

Looks like the Wallstreetbets/Reddit crew are starting to jump on the cannabis stocks...

[EdibleZone]

I'd say there's a chance since as you said they don't typically attend conferences. It would make sense for them to push their existing lineup of alcohol breathalyzers and educate people about their upcoming products. We shall see.

[pdicamillo1]

I noticed that also. Do you personally think there’s any chance they are attending this expo so that they can introduce the SpixDx technology?

[EdibleZone]

Interesting that Hound and Cannabix are not attendees

[pdicamillo1]

Check this out:

https://cpoa.org/cpoa-event/copswest/#/exhibitor-details/expo/

Lifeloc will be one of the exhibiting companies at this years CopsWest Expo described as the premier West Coast training & expo.

"Gain exposure to decision makers you won’t find anywhere else. Join us at COPSWEST, in Ontario, California, to develop new prospects, strengthen current relationships and tap into emerging markets."

This is pure speculation on my part and probably a long shot, but I have to wonder if Lifeloc will be presenting the SpinDx device and showcasing its technology at this Expo. We know that they normally do not attend expos or shows so I'm intrigued as to why they choose to be at this particular show.

I'll be picking up a couple more shares leading up to the show in hopes that they just just may decide to introduce the SpinDx at this expo. I have to believe it would garner a great deal of interest and gain us some needed exposure.

[pdicamillo1]

I don’t know if we will have to volume that can push us towards $5 this week. We may need to get some news to see that happen.

I think it’s a huge win that all the volume recently has been on the buy side.

We need to just take down the rest of the available float ourselves.

[PotsandPans420]

I think we push close to $5

[pdicamillo1]

I agree. Knock on wood but it seems like the selling pressure that was constant for so long has finally subsided and shares have gone into stronger hands.

Let’s see what the rest of the week has in store for us.

[PotsandPans420]

Pull back. Stock been in a pull back all year to accumulate shares! When my former colleague was selling his position under 2 I knew once that was finished we wouldn’t see that price again

[Energy Manager]

A positive news release would be great, but can I get a few more shares before then? Been waiting for a pull-back, but it keeps trading at the ask, and slowly moving up. The entire cannabis sector continues to trade higher as well, and Lifeloc does not usually trade in tandem with them. Another interesting observation, is that Cannabix, and SOBR are kind of getting left behind here.... Is the market starting to wake up, and see the value in Lifeloc?

Some news you can almost definitely count on is only about 60 days away - their next quarterly report.

[PotsandPans420]

Can we get a news release now. Let’s go

[pdicamillo1]

Great week! Let’s keep it up.
Good job by everyone.

[EdibleZone]

The proxy statement shows 2,132,424 or 84.9% as owned by officers and directors.

[pdicamillo1]

I also did try to ask the board if anyone would like to let us know the approximate amount of shares they owned just to try and get a better feel for how many shares were locked up by investors from the Lifeloc board. We can't force anyone else to disclose what they own and hopefully no one has any hard feelings against us for asking.

I can let you know I own between 10,000 and 20,000 shares and I am adding shares each week to get closer to 20,000 total shares. And I can also let you know I will not be selling those and that my shares are totally locked up.

It only takes about 10 or 15 investors who hold similar positions to me to completely lock this thing up. In the ideal situation, the float gets completely taken up by long term holders before the news hits and there is only limited stock for sale. That's when we can really see some magic.

[BurgerKing82]

What amount of shares do people own in here....1000...2000?.....It's so thinly traded...Can only imagine if....

[EdibleZone]

Someone could buy the entire float and file with the SEC that he owns 10% or so of the company. I don't know what the obligation of the market maker is in that scenario to make a market. Of course, in that case Vern would likely file to sell stock if the share price was in the stratosphere.

[pdicamillo1]

Most of the action on the board yesterday was obviously from me and a result of having way too much caffeine.

I guess my whole point in asking all those questions was to find out how difficult or easy would it be for an individual or group to “own the float” of Lifeloc and just refuse to sell at any price. Obviously the market maker still has to create a market in the stock and post bids and offers so that it’s still trade-able but could we get to the point where the entire public float was locked up and no one was willing to sell?

[pdicamillo1]

Thanks. I had way too much caffeine yesterday with all those posts. Let’s see if we can see the $3’s today!

[pdicamillo1]

Got it. Let’s get this thing out of the $2’s today!

[EdibleZone]

Correct

[PotsandPans420]

5% of the shares outstanding not the float

[Energy Manager]

It's good to see so much action on this board...! Ok, don't know where to start, because it's 11pm, and I've been packing for a Labor Day weekend trip to Atlantic City with my wife, and I've had a few glasses of wine - so bear with me.

I think it's pretty much self explanatory that this stock has an extremely low float, and share structure, with most shares owned by insiders. I don't really see a need to split hairs when it comes to this, just go with the stated numbers in my opinion. I think a bigger question would be what part does Edco Partners play into this, as it is listed as Lifeloc's parent company. I would assume that this is due to Vern's outstanding holdings, and his relationship with Edco...? Who is Donald Siecke ? What is/was his relationship between Lifeloc and Edco Partners ? They both, also have a vested interest in a company called Electronics Systems Technology (ELST). This relationship, although it may be insignificant, has always intrigued me.

Vern is now about 90 years old. How does this play into things ? I assume it's his son, Michael, that is also a Director. Where does he fit into all of this?

To answer your question on ownership... Without divulging too much, as I have stated before, I own shares, as well as two relatives. I first purchased shares in Lifeloc back in 2016 for around $4. It was bought as a trade, and I sold it about 6 months later for around $15. When it fell back to around $4, I started buying shares - this time for an investment.

I have been purchasing shares of Lifeloc for the past 5 years, a little at a time, month after month. I have still been actively purchasing shares, and I have not sold any Lifeloc stock since around 2017, when it was approximately $15.

In my opinion, this stock is currently priced at a value of only taking it's alcohol segment into consideration, not including the marijuana/drug portion of it's future business prospect. We truly have a diamond here, and it continues to fly under the radar, due to it's low volume. There is so much stimulus ahead, with so many obstacles behind us, I can easily see this stock moving much higher in the near future. A market cap of just over 6M is unjust, and priced for their alcohol segment only. Taking the near term potential of the THC SpinDx technology, developing into a marketable product, a 100M Market Cap is not unreasonable - please compare other companies...

[pdicamillo1]

LCTC opened up at a stock price of $3.50 on March 22, 2012 with a market cap of $8.5 million. Lifeloc was able to trade in the $30's and $40's with a lot less going for it and basically the same outstanding shares as it has today. I have to believe that we can see this stock trade in the $20 range at some point if we can get any type of closure on the SpinDx technology.

Keep in mind that hound labs will be selling it's marijuana breathalyzer device for right around $5,000 and according to Crunchbase it has a post-money valuation of $100-$500 million. And that device can only detect marijuana.

[pdicamillo1]

By a show of hands, does anyone here own more than 10,000 shares of Lifeloc?

Don't feel like you have to answer this if it makes you uncomfortable. Just trying to get an idea.

Thanks.

[pdicamillo1]

Thanks. So basically until someone or a single entity owns 122,000 shares of Lifeloc stock, they would not have to report it?

[pdicamillo1]

A total of 31,700 shares have been issued and added to the outstanding share count since Lifeloc started as a public company. There aren't too many companies out there who have only issued an additional 30,000 shares since going public.

[EdibleZone]

Generally, investors have to report if they have a 5% stake of the entire company. There are no restrictions as to how much of the float an investor can acquire, although the company may try to limit how much of the overall company one investor owns. This is sometimes done to preserve tax losses.

[pdicamillo1]

Nice work. Thanks. According to these numbers, the tradable float at the time of Lifeloc's initail listing would have been 196,567.

We know that Barry Knott is no longer associated with the company and does not have to report his shares. If my memory holds correctly, I believe that Alan Castrodale has passed away and his family does not have to report his shares either. So 114,125 shares could be added to the float of 196,567 to get us to a float of around 310,000.

[pdicamillo1]

I can grasp how all freely tradable shares are accounted for and the fact that the market makers have to be given some stock to make a market with but what I really want to find out is how many shares are actually owned by the public.

Also, do you know if there are there any restrictions to how many shares of the float an individual can own? Does one have to report when they own a certain percentage of the float?

Thanks!

[pdicamillo1]

I'm going to see if I can look into weather Lifeloc has ever had an increase in shares outstanding or since it's IPO has the total shares outstanding remained the same?

Do you know if the outstanding shares have ever been increased?

[pdicamillo1]

Thanks for the info. Do you know when or if a non-insider has to publicly disclose his/her ownership of shares if it reaches a certain percentage of the float?

[PotsandPans420]

I was just going to post info on that.

So here’s what I found

Holders

As of August 20, 2010, we had approximately 85 holders of record of our common stock. Holders of record include nominees who may hold shares on behalf of multiple owners



Vern D. Kornelsen
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
1,889,445(3)
78%


Directors and Named Executive Officers





Alan C. Castrodale
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
50,000
2.1%



Robert D. Greenlee
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
184,979
7.6%

Robert H. Summers, PhD
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
11,500
.5%


Barry R. Knott
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
64,125
2.6%

Mark Lary
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
50,000
2.1%

Kristie LaRose
c/o Lifeloc Technologies, Inc.
12441 West 49th Ave., Unit 4, Wheat Ridge, CO 80033
7,500
.3%

All executive officers and directors as a group, including those
named above (7 persons)



So they started trading in 2010 and went a rare route to do so. They did have 2m warrants that were set to expire in 2020 but something must of happened well before that because share count hasn’t risen too much. Now we can compare current ownership to that list and see who sold some but also some executives aren’t there anymore and don’t need to report.

[EdibleZone]

I could be wrong, but I don't think Lifeloc IPO'd in the regular way. I think they got their stock available for trading on the OTC and trading started as existing shareholders sold stock.

[Energy Manager]

All shares are accounted for - according to float statistics, there is approximately 256,000 shares freely tradable, of the total 2.4 Million shares. Insiders own about 90% of the total shares, leaving the rest for us...

Although the volume seems low, there were actually 108,903 shares traded this year alone, including the 200 today. Market Makers play a big part in keeping a balance in trading, and often sell shares short, which plays a part in the number of shares traded.

In my opinion, this stock is wound up tightly - meaning of the 256,000 float, I believe that there are a few strong hands holding a significant amount of stock, thus reducing the shares that freely trade even more. Lets say that just 5 public shareholders hold at least 10,000 shares, and are here for the long term, with no intention of selling any time soon. Technically, these shares are still freely tradable, and accounted for in the float, but tight hands, holding over 50,000 shares, theoretically reduces that float significantly. Just because the stock trades 4,000 shares in a day, doesn't mean that all 4,000 shares were bought up and held by one or more people for that day. The shares are often sold short by market makers, and bought back in the same day, or in a short period of time, thus not accounted for in the bi-monthly reporting of short interest in the stock.

I am by far not an expert in this, and may not have it 100 percent right, and may not be explaining it correctly. If you do some research on the topic, along with searching the role of a market maker in a stock, it may make more sense to you.

Anyway, it is nice to be off the 52 week lows, even if it's not far off.... There's a lot of room for this run, and hopefully our time is near...

[pdicamillo1]

So your saying when Lifeloc IPO’ed in 2014 it had enough interest to sell all 350,000 shares to interested investors?

I’m not convinced that it had any interest at that time. I’ll have to go back and go through the original prospectus and see what they raised and at what price.

You think there was enough interest in 2014 where they sold the entire float?

[PotsandPans420]

When a stock initially trades those shares are all sold and then start trading hands. Float expands when new shares are issued or insiders sell. Some non insiders could still be holding shares but those are still considered float cause they aren’t a executive or own 5%+

If you owned 5%+ you would have to report that and file form 4’s.

[pdicamillo1]

I’m not convinced they have all been bought by the public.

I don’t think in the history of Lifeloc being a public company, 300,000 shares total has even traded so I don’t see how they could have all been purchased.

Can anyone else enlighten us on how this works?

If in the history of Lifeloc being a public company it hasn’t traded the volume of the public float, can all the available shares still be owned?