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We are starting the day at $3.25 x $4.65 with 5,000 shares on the offer. Let's see if our seller gets more aggressive today and just starts dumping all of his shares. We could absolutely use another high volume day and find some buyers for these shares. Management really needs to step up to the plate and pick these shares up. They see the growth happening internally and should have the most confidence of anyone in this company. We are sitting at a market cap of just over $10 Million. We need to be saying this now sits a market cap of over $50 Million. BLOZF is over $68 Million and has nothing.
Let's get er' done!
I need to find out where these large amounts of shares for sale are coming from. It seems like a never ending supply that keep replenishing itself. This is the type of activity that continually happens in a pump and dump penny stock and we shouldn't be lumped in with those companies. This year alone, we have witnessed about 15,000 shares sold and we still have more shares to go. At least another 18,000. This is over 30,000 shares on top of what was sold all last year and the year before that. We are talking about over 25% of the entire float. Where the hell do these shares keep coming from and why are they willing to dump at such low prices? And somehow we need to find out how many more they have to go.
I do not believe it is coming from anyone who is currently employed at Lifeloc. Insiders must report any trading activity to the SEC:
https://www.aaii.com/investing/article/an-investors-guide-to-corporate-insider-trading-activity
An insider is defined by the Securities and Exchange Commission (SEC) as an officer or director of a public company or an individual or entity owning more than 10% of a company's stock.
Insiders are required to report their transactions in the company's shares to the SEC. These filings are usually done electronically via the SEC's EDGAR.
That’s the most size I have ever seen on a bid or offer in this stock. Something is up. This may be everything he has left to sell. He is showing 10% of the entire float on the offer.
I honestly don’t care how low this has to go to get rid of this seller. If he needs to sell it down to $1.00 then just sell it down to $1.00 and get it over with so we can move on.
Now I’m seeing 9300 shares for sale on the offer. That’s about 5% of the float. I’m convinced that it has to be a former director/officer of the company. An insider would have to disclose any shares sold through the use of a form that the SEC would disclose and I don’t think this is just an investor/trader.
This seller seems aggressive and he may bring it down again to the mid $3.00’s before he gets done. Prayers are being sent that this is the last of what he/she has to sell. This has been a bit crazy to watch the non stop selling for almost 2 years now. Be gone seller - be gone.
Observations lead me to conclude our seller is not finished with his/her shares just yet.
What continues to be shown is how easily a couple hundred shares on the sell side can easily take this stock lower while it takes a lot more to drive it higher. At some point this will reverse and that’s how I/we will know it’s ready to start moving higher. We will start seeing much better bid support and a couple hundreds shares on the buy side will take it higher with each print.
Let’s look for another high volume day and some big prints to the downside. Let’s get this guy done and out of the way so we can move to our rightful stock price because it’s not priced properly down here.
We have not seen back to back high volume days like this in over a year.
The run up in BLO/BLOZF should continue to help us move higher as we are the most direct competitor in the entire market and Lifeloc and Cannabix were mentioned recently in the same articles.
If investors were willing to dig a little deeper and uncover the comparisons in each of these companies, it should stand out as to which one has a history of profitability and success and should be a no brainer as to which one to own moving forward.
I will pose this question - Which company would you rather own based on financials:
https://finance.yahoo.com/quote/BLOZF/financials?p=BLOZF
https://finance.yahoo.com/quote/LCTC/financials?p=LCTC&.tsrc=fin-srch
Current Market cap comparison BLOZF vs. LCTC:
BLOZF - 105,124,104 x $0.74 = $77.7 Million
LCTC - 2,454,116 x $5.45 = $13.3 Million
Lifeloc has a lot of catching up to do. There is no way Lifeloc should be valued at just $13 Million. There is plenty of upside to go.
I am going to say this again because it's important that we continue to see volume and trades:
For tomorrow, I would like to see increased volume again even if it is to the downside vs. a day of nothing and no volume. The worst thing in my opinion would be a day of no trades.
Most if not all of the trades today were on the buy side and it would be great if that were to continue.
I'd Love to see the momentum continue higher through lunch and the end of the day.
I'm interested to see how it acts at the $6.00 price level where we have had resistance in the past. If the seller is done, we could move right through. Still a very important price level as of right now.
People don’t seem to care because it’s been stuck in a $2 range for two years and has been dead money. That’s because it has had a constant seller that refused to let it trade past $6.00/share and knocked it down every time it would trade higher.
2019 should see Lifeloc with its highest ever revenues, profits and earnings per share and that will continue into 2020.
We have seen Lifeloc have good earnings reports and still be kept down.
The key is to finish up the seller, get some coverage and finally see management start caring about stock price and shareholders.
For tomorrow, I would like to see increased volume again even if it is to the downside vs. a day of nothing and no volume. The worst thing in my opinion would be a day of no trades.
I am telling you that once this seller gets out of the way this stock is very thin into the double digits.
I do believe that the mid $3.00 range is going to be your absolute low that it will hit. If we could get another 5,000 share day again I do think the seller would be finished and we can take this thing higher.
We ended the day with the highest volume in over a year. Couldn't get LCTC to trade positive on the day but it's still a good looking hammer on the daily chart.
Questions remains is our seller done and finally out of shares?
FDA exempts some cannabis testing devices from regulatory hurdles:
I wonder if in any way this could be related to any of Lifeloc's drug testing devices?
https://www.marijuanamoment.net/fda-exempts-some-cannabis-testing-devices-from-regulatory-hurdles-newsletter-january-8-2020/
I picked up a couple at $3.75 and $4.10 and I currently have bids at $3.35 and $3.05 just in case the seller decides to go market with the last of his/her shares.
I would love for us to see a 10,000 or more share day and to end today trading up above $5.00 (or anything that would put us positive on the day). That would signal to me that the seller is finally out of the way.
The other area that brings upon some frustration is the lack of insider buying at these price levels. They see the growth at their own company and are not willing to add any shares at these low prices. This should be an absolute given that company insiders/management would be gobbling up shares at these current stock prices and yet we see nothing.
BLOZF has only one concern and that's lining their own pockets. However, this does lead to stock appreciation which makes shareholders and management happy.
We seem to have absolutely no incentive at Lifeloc to increase share price.
BLOZF is infinitely better at boosting stock prices and communicating with shareholders but its absolutely for their own benefit.
Lifeloc doesn't seem to be concerned about anything stock related which leads to unhappy shareholders and no trace of new investors.
This is where we need things to change this year.
It was less than a week ago that Lifeloc LCTC was mentioned in a headline CNN article.
https://www.cnn.com/2020/01/02/business/cannabis-breathalyzers-are-coming-to-market/index.html
There is just no way we should be trading near all time lows in this stock.
Especially when BLO/BLOZF continues to be on a tear from the same exposure from those articles.
Keep in mind that he recently flashed 5,000 shares to sell so he is not done quite yet. We may see one more spike downward to finish off what he has left to sell. That's why we are not rebounding as quickly as we should. Seller still has some more to go. I am bidding in the low $3.00's and have my fingers crossed that he wants to get done selling today and just get it over with so we can move on.
Would absolutely love for this stock to end up positive on the day and show us a great hammer on the LCTC daily chart.
Volume is the highest it's been in close to 2 years.
This may look terrible on the surface but this is the last of our seller that has been hanging around and being a pain in the ass and holding this thing back for the last 2 years!
For the love of Lifeloc let's be done with him today. Finish up your selling so we can finally move on.
Lifeloc makes it into a CNN front page article and it even mentions the LCTC ticker symbol and we can't get a single share of volume out of it. Meanwhile BLOZF is in the same article and over 2 days goes up almost 100%.
https://www.cnn.com/2020/01/02/business/cannabis-breathalyzers-are-coming-to-market/index.html
BLOZF is up today more than the entire market cap of Lifeloc.
What is it going to take to break the curse that seems to have been put upon this company's stock price?
Lifeloc finally getting some recognition!
Fox and CBS have articles:
https://fox6now.com/2020/01/02/why-creating-a-cannabis-breathalyzer-isnt-that-easy/
https://boston.cbslocal.com/2020/01/02/cannabis-breathalyzer-marijuana-test/
"Drug testing company Lifeloc Technologies earmarked real-time drug tests, notably a THC breathalyzer, as a top priority for research and development dollars."
At this point, I'd really love to see this 5,000 share seller at $5.00 get more aggressive and just dump his shares and get them all sold by the end of the year. It may push the price down to the mid $3.00 range but I believe this is the last of the shares that we would have to deal with. He has been holding the stock price back for over a year now and if he could just unload everything he has left it would open the way for higher stock prices next year and we could finally get this company trading for its fair value.
Lifeloc hiring for some new positions:
https://www.indeed.com/jobs?q=lifeloc+technologies&l=
International Sales Development (Latin America and Mexico)
Supply Chain Specialist
Manager of Engineering
"Lynn said about 50 million drug tests are conducted each year. He believes the market for a THC breathalyzer may be worth well above $10 billion annually."
https://www.governing.com/news/headlines/Weed-Breathalyzer-May-Reassure-Policymakers.html
If Lifeloc can capture just 1% of the THC breathalyzer market over the next couple years, it would bring in additional revenue of $100 Million.
At 10% of the THC breathalyzer market, it would bring in additional revenue of $1 Billion. To capture 10% of a market that has very limited competition is completely within reach.
That's why the creation of the first THC breathalyzer is such a big deal. A company can capture and have a monopoly on the entire cannabis breathalyzer sector. In theory, that could lead to billions in revenues and profits. A similar comparison would be Taser and what they were able to accomplish.
If Lifeloc happens to create a working THC breathalyzer it will trade upwards of $100/share with ease. I know that's hard to imagine when it's trading at less than $5.00/share now, but if we start to get things lined up, magic will happen. And that magic will be some of the greatest ever seen.
BLOZF doesn't even deserve to be worth $10 Million. It has never proven itself in regards to anything.
Do you believe Cannabix will have a working device by next year?
Do you think BLOZF will ever have a working device?
Do you believe Lifeloc will continue to increase revenues next year?
Do you believe LCTC will ever have a working marijuana breathalyzer?
Cannabix at its high had a market cap of close to $350 Million.
Lifeloc at its high was worth maybe $65 Million.
Things have been backwards for way too long.
Cannabix will continue to make new lows without a working device. They can only bullshit for so long.
I fully expect Lifeloc to do upwards of $10 Million in Revenues next year.
It would take a miracle for Cannabix to produce revenues of $10 Million next year.
As I'm looking at the earnings reports and statements from the other players in the cannabis/marijuana space, Lifeloc is by far the most consistently profitable company in the entire space. Not a single one of the other guys are even profitable! Not a single one of them has any earnings per share. This whole space is bleeding money including the big boys.
Lifeloc is the only one that I can say with any certainty that will have higher revenue, profits, and earnings in the year 2020.
I have no faith that Cannabix will have a product ready to go by next year. This thing will continue to dilute shareholders and bleed more and more money.
I don't think it will take a lot to see LCTC trade higher but for Cannabix to get back over $0.50 again, it's going to take a real product getting to market.
The market is slowly realizing that Cannabix BLO/BLOZF is not worth anywhere near what it is currently trading for and continues to drift lower each day to new multi-year lows.
However, BLOZF still has a market cap/value that is over $31 Million.
Lifeloc LCTC has a current market cap/value of just over $12 Million.
2020 is the year Lifeloc finally becomes worth more than Cannabix.
I am curious to find out if this lot of 5,000 shares for sale is the last of the remaining shares that need to get sold. We have dealt with a seller for the last 2 years that seems to have a never ending supply of shares for sale. I would like to see these 5,000 shares get filled by the end of the year so we can finally move on without any overhead resistance.
This is part of the 2019 Lifeloc Annual Shareholder Meeting Presentation from earlier this year:
Investor Relations
Lifeloc seeks to develop an active following and market for our stock, to
realize value and unlock liquidity for our patient, insightful shareholders
-Yes please! However, patient shareholders have yet to see any of these realized.
Presented company pitch MicroCap Investor Conferences
-Yes. Continue to present at conferences, expos, and summits.
Developed an investor relations mailing list.
-This list is going to continue to get smaller and smaller if the stock continues to trade near the all time lows and in a $2.00 range.
Aspire to uplisting to NASDAQ
-Yes. This would certainly bring in volume and investor awareness. Maybe it's time to accomplish this.
Ramp up profile through press releases, at a minimum quarterly earning releases and committed resources for social media.
-These are all great ideas - however this area has yet to see any improvement and continues to be non-existent.
Let's see if these areas of focus can be accomplished throughout 2020!
We now know how many more shares this seller has to go before he is done.
If they need to be dumped/sold by year end for tax reasons or whatever else, then we may see the share price sell down in the next couple days/weeks. I would set up some bids in the $3.00 range to see if these can get filled off of this seller of 5,000 shares.
Did you buy those 120 shares today?
Current Risk/Reward in Lifeloc Technologies:
I personally believe LCTC will not trade below $3.50/share for the foreseeable future. From the current price levels, that is $1.00 lower from where we sit today. Maximum risk in LCTC = $1.00.
Lifeloc is on the upswing in revenue, sales, royalties, and earnings. 2020 should see it's best quarterly and annual numbers in its entire history. We know that it can reach the $20.00's and $30.00's in stock price and that would still only put it on par with Cannabix. Maximum reward = upwards of $30.00/share.
Risk of $1.00/share vs Reward of $25.00/share is still one of the best I have ever seen and a bet I will take every time.
I am 100% confident this stock will trade upwards of $30.00/share. I just do not know when. Patience is a virtue when it comes to this but it will pay off. I am certain of this.
Lifeloc saw a spike in price and volume at the beginning of year 2015, 2017, and a bit in 2018.
I believe that 2020 could see a similar pattern to these years but we are going to have to get some significant news and/or some blog awareness.
I would like to see at least one day in 2020 where total volume exceeds the entire volume done for 2019. For LCTC to trade over 35,000 shares in one day is entirely possible but we are going to need to get a big catalyst. I believe 2020 is the year we start to see some fireworks here.
Good luck to all!
Year to date total volume for LCTC is 33,956 shares.
Lifeloc is on pace for its highest revenue numbers and earnings per share since 2014.
Lifeoc should be able to produce over $.20/share in 2019.
The second quarter 2019 earnings of $.09/share was the highest since 2013.
For the stock to trade less than 40,000 shares total for the year and trade in a $2.00 range is a huge disappointment and needs to change in 2020.
Annual financial comparison between Lifeloc and Cannabix:
https://www.marketwatch.com/investing/stock/lctc/financials
https://www.marketwatch.com/investing/stock/blozf/financials
Once again it is easy to see that Lifeloc has revenue in the millions, is profitable, has positive earnings per share, has no dilution, and has increasing net income.
Compare that to Cannabix which has never produced a dollar of revenue, continues to dilute shareholders, has negative earnings per share, and continues to lose more and more money each year.
How Cannabix has a market cap more than three times that of Lifeloc is an absolute travesty.
Once again we see that all the volume from yesterday is on the sell side.
I question how much more this seller has to go before they are done.
And we deserve an update on the submission of the marijuana breathalyzer/SpinDX before year end.