Location Based Technologies, Inc. (LBAS)

[DallasLFM]

Was there a shareholders letter in July that was released then deleted from their website? I can't find it.

[Hawkeye_tt]

?? $LBAS

??0.0029
(https://www.tradingview.com/symbols/LBAS/?offer_id=10&aff_id=29379)Pink Limited, AS: 450M, OS: 443M, US: 182M

Business Description Updated:
?? Location Based Technologies is a company dedicated to improving the lives of others by linking people together through GPS technology. We innovate, partner to develop and manufacture GPS location devices and technology that helps businesses and families stay connected with their valued assets, people, and things you care about most.
?? Location Based Technologies is a company dedicated to improving the lives of others by linking people together through GPS and cellular technologies. We innovate, partner to develop and manufacture GPS location devices and technology that helps businesses and families stay connected with their valued assets, people, and other mobile things you care about most in life.

Product Services Description Updated:
?? LBT’s fleet tracker is a small, affordable, fully sealed vehicle tracking system designed to track and display vehicle location, speed, altitude and direction. Designed to be quickly installed and features easy-to-use User interfaces. Our devices track vehicle location, speed and direction in near real time. This allows businesses to quickly and easily coordinate routing and re-routing of shipments, manage time delays and maximize fuel efficiency for company vehicles and both powered and non-powered trailers. We will soon launch a new teen driver safety solution that adds driving behavior Alerts for the driver and the parent on top of all other features. PocketFinder's Wearable 4G LTE Cat M1/A-GPS / Wi-Fi / Cell ID trackers provide an ideal way for families and caregivers to keep track of people they love. Ideal for children heading to or from school, after school activities on their own or via public transportation and seniors who value their independence, the newest Smart Tracker can help you know where they are and be alerted if they go too far - right from a smart phone or computer!
?? Founded in 2005 with Headquarters in Irvine, CA, Location Based Technologies Inc. (LBT) (OTCPink:LBAS) is a leading-edge service provider of Commercial vehicle, asset and personnel tracking devices along with Consumer vehicle, child/elderly and pet tracking solutions. A primary focus of the Company has been on intellectual property which resulted in the Company’s 28 issued patents. We have partnered with the best-in-class service providers such as Rackspace for data services, AT&T for our USA network provider, Google for our mapping, Twilio for messaging services and FuseBill/STAXbill as our subscription billing service. For our newest LTE Cat-M1 personal trackers we purchase trackers designed by a company in Finland, and these devices operate on T-Mobile’s network. Our newest vehicle tracking devices operate on AT&T’s network and are provided by ATrack Technology Inc. out of Taipei City, Taiwan. LBAS products help individuals to enhance their safety and help companies enhance the safety of employees and to achieve their goals to cut greenhouse gas emissions by minimizing out-of-route mileage, high speed driving, long idle times and allowing for better routing logistics of people and vehicles. With any of our devices you can know where your trackers are from anywhere (with Internet connection) and at any time - right from a smart phone or computer!

Chart (https://www.tradingview.com/symbols/LBAS/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/LBAS/security), Twitter (https://twitter.com/search?q=$LBAS&src=typed_query), @otcupdates

Update: 2023-04-24 17:14:54 (UTC)

[SlamDunk89]

I can’t find anything on the update on the Uber lawsuit…

[SlamDunk89]

Oh yeah and where did you find this information that the Uber lawsuit was still game???? I seen they had a notion set for December 9
But I didn’t see anything around then or since about the lawsuit….

[Hawkeye_tt]

Appealed by LBAS. Uber lawsuit allowed to proceed now.

Hawk

[DallasLFM]

I thought the Apple case was dismissed some time back.

[ANTI-BAGHOLDER]

got a court hearing against Apple and Uber next week per the filings

[DallasLFM]

but why?

[ANTI-BAGHOLDER]

Another small floater. Moved easy

[bobbyknobb]

Hey great news ...Crash down 11%. 6 trades all day. .04 less than half a penny. Looks normal. SSDD this was always a pump and dump based on thin air and lies. Heavy manipulation and con. Reality. cheers. BRB

[bobbyknobb]

So Dallas, question, does lbas have a business? a tracker? any subs? any revs? What happened? And the foreign buyers from the other tracker in what?? Finland....I forget. I never think about this. But I am amazed they haven't sold the corp. shell yet. They have nothing but shares to sell. NO product. None. sold nowhere.

[bobbyknobb]

OK. I know what it means. Loosely used for the SCAM that this has always been. I've followed this since oh 2003. I know all about what was promised, and what was stolen. All the hype and flat out lies by dave morse and the 3 amigos who ran off to skybell with IT and IP from lbas, so yes PONZI in that sense. regards. I can bring many many examples of the fraud used to con investors on the hockey puck. Regards

[DallasLFM]

Look up the meaning of the term Ponzi Scheme. It doesn't mean what you think it means.

[bobbyknobb]

lOOKING FOR AN 18 YEAR OLD PONZI SCAM that has been completely idle for 4 years and now have a new/ OLD scam?
YOU'VE FOUND IT !!!!!

[bobbyknobb]

Just a peek. down 23% on 7k sh. = $36. so for about $150. you could really wollop this pump and dump. merging with skybell= themselves= more stock selling frenzy. Still no products or subs so no revs Millions in costs...LOL and high pay for insiders=LOL what a ruse on the American public. shame on Dave

[bobbyknobb]

Greetings board, I haven't bothered you guys since 11-11-2021.
I have followed this for the distance. From before day1. I like to pop in and giggle. I'm gonna just go catch up on the latest BS con morse has goin'. here's a paste in of my last. Now I'll be around. I see a pumper or 2. lol here: Ok, I just went , took a peak at some DD on this before I post too much. I use to follow this up til a couple years ago. Anyway. SSDD. scam. no products, or new anything. no financials filed for many many years....hint. penny stock scam. I'm shocked...who would buy this? zero transparency 20 years scamming. 277 million shares built on air. Yepson...do you own Yepson stock? No?? then trackers ain;t you. cheers. this won't ever do anything. as always. a scam. some things have changed. LOL I'll be back !

[DallasLFM]

Good because you think that implies it is part of a structured deal?

[Hawkeye_tt]

All restricted ...good sign.

Hawk

[DallasLFM]

Good question!

1. I really don't know
2. It means we have some dilution going on
3. It means about $400K of stock has been issued
4. It might mean someone cares about this company

I'm choosing to take this as a positive.

[provocoug]

what does that mean for us shareholders?

[Hawkeye_tt]

All Resrticted shares...!!

[Hawkeye_tt]

?? $LBAS

??0.0047
(https://www.tradingview.com/symbols/LBAS/?offer_id=10&aff_id=29379)Pink Limited, AS: 450M, OS: 443M, US: 182M

Outstanding Shares Updated:
?? 368,197,656 (2022-04-12)
?? 443,784,483 (2022-05-23)
Difference: +20.5% (+75M)

Restricted Shares Updated:
?? 185,705,118 (2022-04-12)
?? 261,291,945 (2022-05-23)
Difference: +40.7% (+75M)

Chart (https://www.tradingview.com/symbols/LBAS/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/LBAS/security), Twitter (https://twitter.com/search?q=$LBAS&src=typed_query), @otcupdates

Update: 2022-05-23 11:37:13 (UTC)

[Aquahoya]

To merge with Skybell. If you look into filings, you will find that LBAS leases space with Skybell. Cofounders of Skybell used to run LBAS. They have the other lawsuit as well.

[DallasLFM]

Is there any hope for this thing?

What would the goal for the company be now?

[HulkInvestment]

You said you sold sir/madam

[provocoug]

to discuss the LBAS stock.... Isnt that the purpose of this discussion board to discuss the stock? Am I not allowed to post? How do you know if I own stock or not? Why do you care? What happened to free speech? What info have you contributed to this site?

[HulkInvestment]

Your purpose here?

[provocoug]

LOL. $1100 worth of stocks moved today. Thats not alot of of action.

[Hawkeye_tt]

Some buying activity today.
Hawk

[provocoug]

why did everyone disappear? Where is hawk with his info?

[provocoug]

Hawk?

[Hawkeye_tt]

Seeking more info now............

Hawk

[DallasLFM]

What says the Hawk?

[Due Diligence Virtuoso]

IN BUSINESS...

[Due Diligence Virtuoso]

Nice Story

[provocoug]

Looks like they are going out of business... From their filings today. Doesnt look good to me.

Going Concern
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred net losses since inception, and as of February 28, 2022, had an accumulated deficit of $62,207,921 and negative working capital of $6,201,281. These conditions raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
Management recognizes that the Company must generate additional resources to enable it to continue operations. Management intends to raise additional financing through debt and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining prolonged growth in its strategy phases. However, no assurance can be given that the Company will be successful in raising additional capital. Further, even if the Company raises additional capital, there can be no assurance that the Company will achieve profitability or positive cash flow. If management is unable to raise additional capital and expected significant revenues do not result in positive cash flow, the Company will not be able to meet its obligations and may have to cease operations.

[HulkInvestment]

Looks good to me

[Hawkeye_tt]

Filings out.......

[HulkInvestment]

You sold… move on

[provocoug]

Dropping like a Rock.... Bad news coming soon. Im hoping Morse releases his quarterly filing any day so we can see how bad the damage is.

[EDDIEO81]

$LBAS
Volume 5,979,358
VWAP$ 0.011270
Dollar Volume $ 67,390

[HulkInvestment]

Best of luck! Explains the dump today!

[Due Diligence Virtuoso]

Yeah probably best not to buy stocks based on Lawsuits IMO.. Good Luck going forward. Perhaps you will buy back if this Merger happens.

[HulkInvestment]

Agreed! Added under .01 today! Thanks to whoever sold!

[provocoug]

Unfortunately the dream of getting rich off this stock is over for me.

Ive been in and out of this stock a few times for 10 years. I was hoping the lawsuit with apple would be a home run. However after reading the five decisions by the judges that the patent was "unpatentable" i dont see any way forward for this company. David Morse will say they are going to appeal the decision, but those appeals never go anywhere.

[Due Diligence Virtuoso]

Here for a Skybell Merger. Apple Lawsuit was a 1 in 100 shot. Good Luck.. Clean ticker with a tiny float.

[provocoug]

Looks like all the claims were denied as "unpatentable"


https://ptab.uspto.gov/#/login

Type in Party name as "LBT IP I LLC" in the search. All were decided on March 4th.

[DallasLFM]

Should be soon.

Nice pop today but no volume

[provocoug]

Hoping for some good news this week!!!

[Aquahoya]

Thats why the spread is so wide. You will have to dump shares at a pretty low. Only way is up. So thin. Just imagine if this got some actual volume, this would bounce multi level pennies.