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The 3rd Quarter Report should be out in a few weeks. Hopefully have some good news, or at least an update on the progress. I expect to see more media coverage of Hound's advances, and this would be a perfect time for Lifeloc to step up to the plate.
Lifeloc has many advantages over Hound Labs. They are already a publicly traded company, they have a broad range of products already in the marketplace throughout the world, they are a market leader in alcohol breathalyzers - and the marijuana breathalyzer can easily be rolled into their existing customer base. As a profitable company, that has funded it's R&D through existing product sales and organic growth, Lifeloc is poised to be a real winner here...
According to this video: (
‘Marijuana breathalyzer’ hopes to help workplace screening:
https://www.timesunion.com/capitol/article/biotech-company-unveils-marijuana-breathalyzer-18414791.php#photo-24320810
From the article we know that Hound Labs has "sent hundreds of products to employers nationwide"
We also know that the results are not even close to being instant:
"The employer then sends the cartridge to one of the company’s partner labs, which tests the sample and posts the results to its online portal. Employers can check the dashboard for the status of tests, with negative results coming back an average of 24 hours from the lab’s receipt. Positive results average closer to 36 hours due to a second round of “rigorous” testing to confirm the original positive finding."
I was under the impression that the Hound Labs breathalyzer would provide instant results within 5 or 10 minutes. This is clearly not the case. This device is also for employers only and not available to law enforcement.
Time to get it together Lifeloc! Law enforcement still needs a roadside drug testing solution.
Hound Labs Ships the First Commercial Cannabis Breathalyzer:
https://www.globenewswire.com/news-release/2023/10/10/2757428/0/en/Hound-Labs-Ships-the-First-Commercial-Cannabis-Breathalyzer.html
Matt Clark from Money & Markets put out a video 2 years ago on the topic of best stocks to take advantage of the drug testing market:
We could really use a breakout day on good volume that will get us through this $3.35 level of resistance. It's been over a year since LCTC has traded above that price level. If we can get through $3.35 with volume of over 1,000 - 2,000 shares, then we should see sustained higher prices. Until then, it's just a waiting game.
Always seem to get that 100 share trade right at the open then nothing rest of day
I doubt it.... It's just a local police convention. Probably would have heard something yesterday - then again, you never know... ?
Are we going to get any news from this conference
Hound labs has positioned their marketing towards work place/employment testing vs. roadside DUI testing. Probably why they are not mentioned as you say....
First day of the COPSWest Expo. It's probably a longshot but let's see if we can get any volume this week from presenting at the Expo.
What I find interesting in these recent articles is the failure to mention the Hound Labs device as a viable option for roadside drug testing:
“Identifying drivers impaired by cannabis use is of critical importance. . . . However, unlike alcohol, there are currently no evidence-based methods to detect cannabis-impaired driving,” health officials said in the pitch to research institutes."
As far as I know, the Hound Labs Device is ready for sale and producing reliable test results.
Now is the time for Lifeloc to start producing results. Go time, Lifeloc - Go time!
This is going to be on every states agenda... Lifeloc is perfectly positioned. Thanks for staying on top of recent news...
Looks like the Senate Banking Committee has approved a bipartisan marijuana banking bill with amendments, sending it to the floor.
Let’s get this 3.35 seller outta here. Bid creeping up
Interesting article released a couple days ago on the topic of the SpinDx machine:
https://www.sandia.gov/labnews/2023/09/21/magnetic-beads-key-to-better-handheld-lab/
"A new type of handheld testing device for biofluids developed at Sandia is now ready for commercialization."
Biotechnologists have developed a new way to use magnetics to expand upon the capabilities originally developed with the SpinDx handheld medical diagnostic tool and quickly diagnose even more diseases and illnesses.
Sandia is now seeking commercial partners to share the technology with.
The sector seems to be in play again today with "The revised Secure and Fair Enforcement Regulation (SAFER) Banking Act that’s due for a committee markup this Wednesday"
Also keep in mind that the CopsWest expo where Lifeloc is presenting is coming up in a few days.
Let's see some volume Lifeloc!
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.
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 !
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.
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.
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.
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?
Crazy rally in the marijuana sector. What sparked this?
definitely don't blame you for diversifying - I thought the same thing. Maybe a little SOBR too...
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.
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.
Looks like the Wallstreetbets/Reddit crew are starting to jump on the cannabis stocks...
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.
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?
Interesting that Hound and Cannabix are not attendees
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.
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.
I think we push close to $5
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.
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
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.
Can we get a news release now. Let’s go
Great week! Let’s keep it up.
Good job by everyone.
The proxy statement shows 2,132,424 or 84.9% as owned by officers and directors.
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.
What amount of shares do people own in here....1000...2000?.....It's so thinly traded...Can only imagine if....
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.
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?
Thanks. I had way too much caffeine yesterday with all those posts. Let’s see if we can see the $3’s today!
Got it. Let’s get this thing out of the $2’s today!
5% of the shares outstanding not the float
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Lifeloc (OTC:LCTC) is a public company established in 1983. We introduced our first breathalyzer to the US Department of Transportation in 1988. We are an American manufacturer of professional-grade, platinum fuel cell based instruments for alcohol detection, measurement and enforcement.
Since our founding, our corporate mission has been to build the most precise, reliable and easiest to use breath alcohol testing devices in the industry. We take pride in offering everything an organization requires to establish an effective alcohol monitoring program including equipment, mouthpieces, factory authorized training and certifications, and a complete line of alcohol testing supplies and calibration equipment.
-Today, our highly accurate and reliable fuel cell devices are the preferred choice by professionals in countries around the world. We back everything we sell with exemplary customer service and technical support.Volume | |
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