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The market is up over 1000 points, the cannabis sector started the day up big, and LCTC can't even get an uptick so unless you are single handedly ready to buy all the shares between here and $3.00, I don't see a catalyst that will get us moving beyond $3.00.
The last thing that I want is to be is negative but I have lost faith and my conviction with anyone on the Lifeloc team is just not there.
I would even be willing to bet that if Lifeloc were approached by CNBC for an interview they would decline and pass on the opportunity. Do you really think they are capable of an on air interview that would actually promote what they do?
I would love to be wrong on all of this. Let this week's action prove to me that I am wrong.
We had a market up big all last week - every day stocks went higher.
The entire cannabis/marijuana sector was on fire with gains from most stocks doubling and even tripling and the best LCTC could do was gain 4 cents.
Forgive me for being so negative but this is an utter disgrace.
To expect anything different from the latest quarterly report due out this week would be useless. Management has done nothing different so how can we expect anything other than a loss of $.10/share and other negative quarterly report.
We don't even have a replacement for the VP of accounting and finance yet.
No one from the company is willing to even make a purchase at these levels?
There was a seller at every penny last week.
All of these lead me to conclude that Lifeloc is not done going lower.
Under normal circumstances, the stock price would have doubled last week and we would be up big again today.
Management needs to make some changes or they need to be replaced.
Friday was the highest volume traded day in the history of Lifeloc being a public company.
Every trade/print was on the sell side except for the last 100 shares bought at $1.60.
Not a single insider buy even when Lifeloc is trading in the mid $1.00 range with a market cap of less than $4 Million.
It is not possible for anyone who has ever owned Lifeloc to be profitable. Every single investor is down. So sad.
And I get the feeling we are not even done yet. The chart is atrocious and there really isn't even support anywhere.
It's acting like a real penny stock with no future.
It previously had days where it actually traded higher on the day and we don't even get that anymore.
What a sad state of affairs at Lifeloc. The company is worth less than $4 million.
Since you seem to have a good grasp on insider share counts and who owns what - let me ask you if you think it's feasible for a non-insider (investor/trader) to have accumulated over 100,000 shares in Lifeloc over the course of it's publicly traded history.
As you may have seen, a poster on this board is claiming that he/she will be selling/dumping over 100,000 shares in the near future.
The total share volume over the last couple years is barely 100,000.
Yet, I somehow believe he/she is being truthful.
I just don't see how 1 person could own half the float of Lifeloc and not have been a former insider/director/manager.
Another thing to consider is with Kristie LaRose moving on and no longer employed by Lifeloc she currently has unrestricted shares from 17 years of stock grant/option accumulation. Maybe she decided to sell some of those shares?
I am not sure of the rules/restrictions of how long an ex-employee has to wait until they can legally sell their formerly restricted shares in the open market.
A recent post from Madison 1063 explained that he/she would be dumping over 100,000 shares over the next several months. Yesterday could have been the start of this selling. The sad part is that they only sold 2-4% of their position and the stock was down 26% on the day. If/when 95,000 more shares come to market on the sell side, this will be trading south of $1.00/share.
As much as it pains me to say this, the pattern seems to be 1-2 weeks of no activity in the shares followed by a day or two of relentless selling. There are no buyers in sight and no support in the chart.
Once again, if management is unwilling to step up and make some insider purchases of shares at these levels, what should make us confident in doing so?
Something hasn't been right at Lifeloc for years. New all time lows are occuring when the entire Cannabis/Marijuana sector got a lift today from what was said during the debates.
Maybe we find some support at the $2.00 level but other than that, with no buyers in sight and more shares coming to market on the sell side, who knows where the next support level will be. This is just an ugly stock chart for anyone who is stuck owning shares.
We are already under a $5 million market cap. If Lifeloc liquidated all of its assets it would be worth more than this.
We are probably due for 2 more weeks of little to no volume followed by more selling that brings us into the $1.00's.
Lifeloc really deserves better than this.
Let's see if this is the first of many changes/shake ups to be made at Lifeloc. I honestly wouldn't mind if they went down the line and replaced everyone. I never like to see anyone lose their job but when standards and expectations are not being met, it's what should happen.
It would be nice to know who the replacement for the Vice President and CAO is going to be and I wish Kristie the best in all her new ventures.
Volume is dead and I'm not sure what we have in the near future that can move this stock higher. But even small changes are good if they lead to advancement.
I like to pride myself on taking my time and doing the homework to stack the odds in my favor as much as possible. I don't enjoy being wrong when I put countless hours of due diligence into a decision. I felt comfortable in sharing my knowledge to an audience where I know I was going to be right in my analysis.
There's just something that is not adding up here in this stock/company.
I can't grasp how Cannabix (BLO/BLOZF) has never produced a sale, revenue, EPS, profitable quarter, etc and is still valued at 5x that of Lifeloc.
There has to be something that I am missing. All of the available info has not been brought to the table.
For two years we have witnessed a relentless seller who has unlimited amounts of shares and refuses to let this stock trade higher. Like I said before, in this current market there are not many stocks trading at all time lows. Lifeloc is one of only a handful and it only feels like it's going to get worse.
I'd like to imagine that I have uncovered all available information but it certainly doesn't feel like that's the case. LCTC is in the top 10 lowest floats of all publicly traded companies. Where does an unlimited amount of shares for sale come from? What's not being told? Who is preventing this from moving higher? Why does Lifeloc not want to participate in the obvious growth opportunities? Why not apply for available grants/funding in the Covid space?
I would really like to uncover answers to some of these unknowns and try and find some peace of mind.
Thoughts/Observations/Apologies:
As much as it pains me to be down in the 6 figures in this stock, I am even more hurt due to the fact that I may have caused others to invest/purchase shares in this company. There is no one right now who could possibly be up/profitable by owning this company. And if we have over 100,000 shares coming to market soon on the sell side, there is little reason to see any upward momentum for the foreseeable future.
Lifeloc continues to operate in a mindless capacity. No social media presence, no updates, no growth, no insider buying, etc.
The only thing that Lifeloc has going for it is that it has nothing going for it!
I have to think back to the $250,000 Colorado state grant that they received in 2014 for work on the marijuana breathalyzer and were given over 3 years to put it to work. How in the world could you have over half of the grant money left over and unused (completely wasted)? This is inconceivable! This provided another clue to their wastefulness.
These reviews from employees also prove the inemptitude of management and also give clues as to why we can't see any real progress over there:
https://www.indeed.com/cmp/Lifeloc-Technologies,-Inc/reviews
Poor Management:
Coworkers and supervisor were great, but poor handling of management and delegation of work made work constantly stressful, and made you feel like you had to compete with everyone to keep your job, and be better, rather than work together. Everyone watched everyone and reported the smallest mistakes, making trust an issue. Call the delve family oriented, but make you feel left out
Welcome to Middle School:
OK enough place to work, have been at worse places but very cliquish. If you don't belong to a group then you are an outcast. When you try and show how a colleague is not performing, excuses are made, especially for the customer service team because they happen to belong to the right 'clique'. Some efforts are made in an attempt to show that you are valued team player but the pat on the back is quickly turned into a knife in the back if you don't suck up to management. Can be a very stressful place to work.
Your ideas don't matter:
Worked there for 9+ years and never did I feel anything I said was ever taken seriously. Pay is horrendous, which is why they go through people like crazy, especially in customer service and shipping departments. If looking for a job where you are valued and want to be paid for what you are worth, this is not the place. If you need a job to pay some bills and don't care about advancement or growth, then working here is ok.
The bottom line is that I would like to apologize to anyone that may have purchased shares of this company on my recommendations/posts. I went all in and have paid the price. I still believe that Lifeloc deserves better than this but we need new everything over there.
Vern D. Kornelsen is the majority shareholder and he is getting up there in age. Perhaps he is getting ready to move on and would take an offer. Either way, a proposed buyout would get the share price moving even if they did reject any type of a buyout or even a merger.
At this point, I have to agree with you and see only two possible positive outcomes. A hostile takeover or a buyout. At a current market cap of only $6 Million, it could be an attractive candidate for takeover from a sector competitor who recognizes that they could do a much better job running Lifeloc.
Cannabix currently sports a market cap of $36 Million and that company really has nothing tangible going for it which makes Lifeloc look really attractive to the right buyer. If Kal Malhi ran this company he would have had this trading in the triple digits by now.
Not one insider purchase/buy of shares at current levels is a good sign that no one over there cares about anything. The reviews from employees that work/worked at Lifeloc are not good either.
If you did manage to collect over 100,000 shares of this company, your pretty much the entire trading volume over the last 3 years unless you were a previous employee who collected stock options. And if your planning to dump these over the next couple months, I can't imagine who is going to absorb these shares. Maybe we can find support at $.25-$.50/share? I am assuming you have no faith in the cannabis breathalyzer/SpinDx being finished by the end of next year?
Even prayers don't seem to be working.
Lifeloc really deserves better than this and it certainly feels like a waste of a potentially fabulous opportunity.
Marshaling resources to fight COVID-19:
https://www.sandia.gov/news/publications/labnews/articles/2020/08-28/COVID_research.html
Researchers are developing a panel of immunoassays to enable the detection of viral antigens and anti-SARS-CoV-2 antibodies produced by hosts in response to infection. These immunoassays will be implemented through Sandia’s portable SpinDx platform, which offers rapid detection capabilities without requiring sample preparation. The SpinDx immunoassays will be complemented by a method for directly detecting viral RNA by coupling the quenching of unincorporated amplification signal reporters technique with reverse-transcription loop-mediated isothermal amplification. The combination of SpinDx immunoassays with QUASR RT-LAMP will provide a powerful method for diagnosing COVID-19 at all stages of disease. Moreover, researchers will be able to positively identify SARS-CoV-2 while ruling out influenza or other coronaviruses.
Lifeloc should really make a push to partner up with Sandia for the manufacture/distribution/sales/marketing of this product. Lifeloc needs to get moving on something!
Lifeloc is currently sitting at a market cap of $5.5 Million.
I continue to have an issue with the fact that there has been no insider purchases at these price levels. If no one from Lifeloc has any confidence in buying down here at these levels, what does that tell current/potential investors?
Not one person who works at Lifeloc thinks it might be a good time to put some of their money into Lifeloc stock?
Compare that to BLOZF with a current market cap of $37 Million.
Lifeloc deserves better than this.
Overall market - new highs every day - Lifeloc - trades to new all time lows. Can you even find one other company on the entire market that is currently trading at new 52 week or all time lows? This is a problem with management.
Granted, The marijuana sector is not doing well but I can't find another company in the entire sector that is at its all time lows right now. And Lifeloc is involved in an area this is experiencing growth of around 10% year over year. They are not in an area that is experiencing contraction.
There are still Millions in grants and funds available for work on a Covid breathalyzer. All I am asking is for Lifeloc to get involved. What could be the harm in applying for a grant? Use the funds to create a separate division with Lifeloc and hire some new people to get involved. It doesn't have to compete with the current business at all. Or partner up with a company that has the breathalyzer but needs the manufacturing and distribution. They dropped the ball on this one. In my opinion there is nothing more important right now than prevention and detection of Covid. We are not going to see this just disappear especially going into the fall/winter season.
"It doesn't make sense to do a stock split or try to up list now at current share price. Once this thing has momentum and higher share price - then up list. After milestones are achieved and stock hits new highs, then split." - Completely agreed!
At this point there are really only three catalysts that would provide us with increased volume and share price:
1. Change in management - This company could really be rocking and rolling with the right decision makers calling the shots. We have to realize that current management is just not capable of providing the growth that's available. Overall market at all time highs vs. Lifeloc at all time lows = time for changes!
2. Announcement from Lifeloc to begin working on a Covid breathalyzer or a partnership with a company that is working on a covid breathalyzer. This is just another failed opportunity from Lifeloc.
3. Completion of the Marijuana/Cannabis breathalyzer utilizing the SpinDx drug detection technology.
Announcement of stock split and/or uplisting to the Nasdaq marketplace would also be meaningful changes but not much is expected on that front.
Lifeloc deserves better than this.
I see two items from the report that stand out:
"An additional total of 110,500 options were granted during the six months ended June 30, 2020, 48,000 of which were granted to two officers and three directors. Out of that 48,000, the officers were granted 37,500 and 7,500 and the directors were granted 1,000 each. These options vested immediately upon granting."
-Lifeloc decided to hand out over 110,000 options grants for the stock trading at/near all time lows and two negative quarters of growth. God forbid someone from the Lifeloc team actually put out their own money to buy some stock while it sits in the $2.00 range. Is that asking too much for one person to think it's a bargain down here? Not one insider is willing to buy some stock while the market cap sits below $7 million?
"Earlier this year, we added to our expertise by hiring staff who bring skills highly relevant to the development of SpinDx. We believe these advances in our team’s expertise will better equip us in our attempts to introduce this important product by the end of 2021."
-This is the first time I have seen Lifeloc put out a timeline on completion of the marijuana breathalyzer. And they actually hired qualified engineers to work on it. Can they grasp the fact that this could have been done years ago instead of wasting time on the RADAR device.
Our SpinDx-based marijuana breathalyzer remains a key product of interest in attempts to address the broadening legalization of marijuana. Legalization and decriminalization of marijuana only increases the need for a rapid, quantitative roadside test to identify drivers under the influence of marijuana. The ability of our technology to detect delta-9-THC down to a concentration of 5 nanograms per milliliter and to collect a testable sample from a vapor stream has been demonstrated in our laboratories, and we continue the development work needed to convert this technology into a simple-to-operate device that is suitable for roadside testing. Detection of THC is accomplished through the SpinDx technology, licensed exclusively by Lifeloc Technologies for drugs of abuse from Sandia National Laboratory. We are targeting the end of 2021 for the first product release from this platform.
The Lifeloc board of directors endorses our commitment to research and development, even if losses persist until the release of the SpinDx and marijuana breathalyzer products."
Here's another opportunity that seems like a no-brainer for Lifeloc to get involved with:
https://www.kioskmarketplace.com/news/covid-19-drives-demand-for-automatic-breathalayzer-kiosks/
"A secure, integrated system that autonomously coordinates and conducts alcohol screening from start to finish. It requires no human interaction, which is reducing face-to-face interactions amid COVID-19 concerns, according to the release."
The kiosk issues notifications to the client to report for a test, uses biometric fingerprint authentication to verify the identity of the individual, captures video as it administers the breathalyzer test, and automatically uploads the test results to the client's file.
This could be an easy partnership opportunity for Lifeloc:
https://news.northeastern.edu/2020/07/17/could-this-new-gas-sensor-help-researchers-test-regularly-for-the-coronavirus-in-the-air/
"Handheld devices that can accurately analyze exhaled breath instantly could be a game changer, Sun says."
“This is technology that can dramatically change the landscape of COVID-19 testing because it is easily two orders of magnitude faster than the best technology nowadays,” Sun says. “In reopening businesses, schools, universities—essentially, it is life-saving technology.”
Raise some funding or use some of the PPP and put this guy to work at Lifeloc or partner up with him.
We are sitting at a market cap of less than $7 million.
Can someone who knows what they are doing please step up to the plate and get some stuff figured out.
This would be a great day for Lifeloc to trade higher by the close and give us a good quarterly report that mentions preliminary work on a Covid breathalyzer.
Quarterly is due out this week. We could see it after the close today.
Yes! Well said.
Positive news, higher stock price, insight, reassurance, and time for a change - Agree on all fronts.
I have even gone so far as to hand deliver through email the available grants and funding opportunities that are currently available.
I wrote a well thought-out email explaining the opportunity that exists for a Covid-19 breathalyzer, I have prayed, I have visualized, I have done everything I can think of.
If you have any other suggestions, I am game. I'm at wits end here.
We sit a market cap of less than $8 Million. They have more in total assets than the market cap. The entire float can be locked up for right around $900,000 - that's really mind blowing.
Lifeloc deserves better than this.
Look for the second quarter earnings report in the next couple days. I’m not expecting much but if lifeloc can post a profitable quarter and have positive earnings per share I would consider that a win for now.
Checking in to see if you had a chance to reach out to management/the CEO to discuss the potential for a Covid-19 breathalyzer.
Can you see any reason why Lifeloc would not want to get involved into this area?
I don't see any harm in just applying for the available grants.
They have the chance to be heroes if they can get things in order! Don't you think.
We can see from this wikipedia article that research grants/funding is specifically available for work on a Covid-19 breathalyzer:
https://en.wikipedia.org/wiki/Coronavirus_breathalyzer
"In June 2020 American researchers at UCLA and Ohio State University received grants to test coronavirus breathalyzer concepts"
"whose research team received a one-year, $150,000 research grant from the National Science Foundation."
Money is out there and abundantly available for those who want it.
Excellent. I can share some of what I composed and maybe you can use some of the ideas/concepts.
Dear Dr. Wilkomm and management at Lifeloc Technologies,
I became aware of LifeLoc’s reputation, vision, and potential for industry changing innovation back in 2014 when I first became involved as a long term investor. You are a leader in breathalyzer technology and I am confident that you will continue to be so for the foreseeable future. The reason for this email is to extend a plea to you to move forward with creating a breathalyzer for detecting Covid-19.
Because you are already an established and respected company in the breathalyzer industry, it seems logical that you make the attempt to shift gears and devote some of LifeLoc’s efforts and expertise towards the development of a Covid-19 breathalyzer. During World War II, companies temporarily shifted focus for the greater good, such as Kellogg’s developing and producing K-rations for soldiers. Our country is entangled in a war right now and we are losing on many fronts. One such losing front is with testing. The rapid worldwide spread and impact of COVID-19 has created a need for accurate, reliable, and readily accessible testing on a massive scale. Returning safely to normal life depends on our ability to streamline and speed up the testing process. As you know, testing supply cannot keep up with demand. Further, those who are tested are waiting days, if not weeks to get results. This delay unquestionably results in greater spread of this deadly and destructive virus.
Companies around the globe have been trying to create vaccines and treatments for Covid-19 and there is a possibility that neither will be developed in a way that will meaningfully change the devastating course that we are currently on. A breathalyzer certainly would change the course and I am more than confident that its development is worth investigating. Partnering with these organizations that have already announced development of a Covid-19 breath test is also a viable option for Lifeloc to get involved.
I then listed all the grant and funding opportunities that I have researched and provided this summary,
In summary, I believe that it is of the utmost importance for Lifeloc to begin work on a breath testing device for Covid-19. I honestly believe funding will easily become available and the knowledge and testing needed will be easier than that of the marijuana breathalyzer. Now is the time to take advantage of this opportunity. The world needs help from all directions and Lifeloc has the chance to provide a game changing device that can help us look towards a brighter and safer future.
Agreed. Is there anything more important in this world right now than the prevention and testing of Corona/Covid-19?
Funding is being handed out at will for anything and everything virus related.
Lifeloc really needs to get on this. Have you ever reached out to the CEO/Management with an inquiry/email?
RAPID ACCELERATION OF DIAGNOSTICS (RADX)
https://www.nih.gov/research-training/medical-research-initiatives/radx
The National Institutes of Health (NIH) launched the Rapid Acceleration of Diagnostics (RADx) initiative to speed innovation in the development, commercialization, and implementation of technologies for COVID-19 testing. Accurate, fast, easy-to-use, and widely accessible testing is required before the nation can safely return to normal life.
The RADx initiative is a national call for scientists and organizations to bring their innovative ideas for new COVID-19 testing approaches and strategies. Funded projects may also include new applications of existing technologies that make tests easier to use, easier to access, and more accurate. At the same time, NIH will seek opportunities to move more advanced diagnostic technologies swiftly through the development pipeline toward commercialization and broad availability — with the goal of making millions of tests per week available to Americans.
To meet this challenge, RADx is creating programs that will make it possible to rapidly scale-up testing across the country and enhance access to those most in need.
Seems like a logical grant opportunity for Lifeloc. I have emailed the CEO various grant opportunities and went as far as letting him know that I would take the time to research all available funding options.
Great find! This the first example of research that I have found that directly links the SpinDX platform to detection of Covid-19:
https://www.sandia.gov/news/publications/covid-19_research/accomplishments/05-08/testing.html
This should be an easy partnership for Lifeloc whether it's the manufacturing, distribution networks, sales, etc.
Plenty of opportunity out there for Lifeloc. Time to get it together.
Here's a recent picture of how the SpinDX platform is shaping up:
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A Covid-19 Breathalyzer should be top priority for Lifeloc. It seems like an obvious no-brainer.
Plenty of other organizations are working on a device because they realize the need for such a device:
https://www.medgadget.com/2020/06/breathalyzer-to-detect-covid-19-in-seconds.html
https://www.chop.edu/stories/breath-hope-covid-19-breathalyzer-testing-development
https://news.osu.edu/ohio-state-researchers-testing-breathalyzer-to-detect-covid-19/
https://www.timesofisrael.com/israeli-startups-breathalyzer-detector-for-covid-19-begins-early-tests/
https://fortune.com/2020/07/23/coronavirus-breathalyzer-france-hospital-covid-tests-covid-19/
Is it too much to ask that Lifeloc partner up with any one of these companies to help bring a Covid-19 breathalyzer to market?
If Lifeloc would listen to me, I would do the work to find the grants, ask these companies about partnerships, etc.
Doing anything else is just a waste of time.
It's great that your letting us know about this news (thank you), but can someone besides me let the CEO of Lifeloc know that there is nothing more important right now than working on alternative ways to detect for Covid-19.
Start raising the funds needed to work on a Covid-19 breathalyzer and get working on it.
For the love of Lifeoc, this needs to be priority. Not just for Lifeloc as a company but for the human race as a whole.
waynew@lifeloc.com
Investor Relations:
https://www.lifeloc.com/investorcontact
Feel free to email management/the CEO/investor relations to reiterate the fact that Lifeloc should really look into how they can collaborate with a company looking to bring a Covid-19 breathalyzer to the marketplace.
My latest email to the CEO has gone unresponded to:
I would like to reiterate the fact that the world could really use a breath test/breathalyzer for Covid-19. As you can see from the following articles, there are a couple different companies/organizations that are working on the first breath test trials for Covid-19.
The opportunity to work with and help to develop a breath test/breathalyzer for Covid is right there for the taking. These companies will need logistics, distribution partners, manufacturing facilities, etc and Lifeloc should step up to the plate and offer its assistance and/or partner with these companies.
All that needs to be done is put it out there that Lifeloc is seeking funds to work on a breath testing device for Covid and you will see money being thrown at you from all directions. Now is the time to pounce on this opportunity. Funding will be there and Lifeloc should also diligently explore available grants to utilize its disease monitoring technology.
In the annual report, you mention that "Lifeloc seeks to develop an active following and market for our stock, to realize value and unlock liquidity for our patient, insightful shareholders". Since the beginning of May, Lifeloc has traded a total of 1,616 shares and sits near its all time lows. Lifeloc has been given 2 multi-billion dollar opportunities of a lifetime and it's time to get busy utilizing its expertise to bring these forward.
I would like to offer my assistance in any way possible. I can reach out to these companies to find partnerships, I can research grants/funding opportunities, inquire about who needs distribution, etc. Just let me know what you need help with and I will get it done.
I am fairly confident that the single best thing Lifeloc could do right now would be to announce that they are either working on or working with an organization that is looking to bring a Covid-19 breathalyzer to market.
Alcohol breathalyzers will not see increased demand for the near term.
The RADAR device will not see increased demand for the near term.
Obviously the first working marijuana breathalyzer will see huge demand but even that has taken a back seat in this current environment.
I can guarantee that if Lifeloc announced that they are working on a Covid-19 breathalyzer they wouldn't know what to do with all the funding they would receive. They could have $Billions thrown their way. Who wouldn't want to be an investor? It could change everything overnight.
A stock split will just bring us more of the same. A new website just brings us more of the same.
We need game changing news. ABMC and AKER (who are in the same line of business) were able to get it done so we know that it's possible.
New website design for Lifeloc - https://www.lifeloc.com/
At this point, I'd say any changes being made are good.
However, if a new website design has been their priority, we need to start seeing priorities change.
At the beginning of March ABMC was a $.05 stock. It currently trades at $1.10. This is the exact equivalent of a $5.00 stock going to $110 in less than 4 months.
The reason ABMC is trading almost 20x than it was 4 months ago is because management saw an opportunity to develop a Covid-19 rapid test as seen here - https://abmc.com.
This is an example of how real leadership is presented an opportunity and brings it to fruition.
As I have been saying for almost a year now, it's time for new leaders/management at Lifeloc.
Bring someone in who knows how to make moves. This current management needs help.
A breathalyzer test for Covid should be top priority.
No one is buying alcohol breathalyzers right now. Most bars aren't even open. Stop wasting time.
The world could really use a breath test/breathalyzer for Covid-19 and Lifeloc should see this as another once in a lifetime opportunity.
The opportunity to work with and help to develop a breath test/breathalyzer for Covid is right there for the taking. These companies will need logistics, distribution partners, manufacturing facilities, etc and Lifeloc should step up to the plate and offer its assistance and/or partner with these companies.
All that needs to be done is put it out there that Lifeloc is seeking funds to work on a breath testing device for Covid and you will see money being thrown at you from all directions. Now is the time to pounce on this opportunity. Funding will be there and Lifeloc should also diligently explore available grants to utilize its disease monitoring technology.
ABMC - America Bio Medica Corporation is another example of a company who was rewarded handsomely for its efforts in developing a Covid-19 rapid test.
In the annual report, it's mentioned that "Lifeloc seeks to develop an active following and market for our stock, to realize value and unlock liquidity for our patient, insightful shareholders". Since the beginning of May, Lifeloc has traded a total of 1,616 shares and sits near its all time lows. Lifeloc has been given 2 multi-billion dollar opportunities of a lifetime and it's time to get busy utilizing its expertise to bring these forward.
Let's see if the buyer shows up again tomorrow.
He was aggressive in the morning and stayed around until the end of the day.
It could be that someone saw Covid in a headline for Lifeloc and wanted to get involved.
The high volume day was wasted due to our never ending seller who after 2 years still has more shares to sell.
So disappointing
Second highest volume in LCTC's history. Unfortunate it had to end the day in the negative.
Every single time for the last 2 years that we see any type of momentum to the upside, a seller comes in and thwarts any progress being made.
We had an aggressive buyer this morning that could have sent this thing much higher and yet again, any sign of momentum is killed.
Are they saying/posting anything that's relevant to Lifeloc?
I haven't been able to find anything
What I found most interesting from the Annual Shareholder meeting presentation is located on page 7 where it states: