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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?
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.
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?
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 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.
Great week! Let’s keep it up.
Good job by everyone.
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.
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!
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.
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.
Thanks. So basically until someone or a single entity owns 122,000 shares of Lifeloc stock, they would not have to report it?
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.
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.
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!
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?
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?
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?
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?
Of the 354,015 shares that are available for the public, is there any service that can let us know exactly how many shares are actually owned/have been bought?
Looks like the industry got a nice boost today from this report on a possible DEA reclassification for marijuana:
https://seekingalpha.com/news/4007629-cannabis-stocks-rally-amid-reports-dea-may-reclassify-drug-as-less-risky
I keep imagining a scenario where someone just decides to take down the whole float and refuses to sell it at any price.
And then the news starts hitting and more outlets start to publish the Lifeloc story and the technology proves itself worthy and capable of testing for all types of drugs and illegal substances and not just marijuana (which is what sets this technology apart from all the competitors)
Stock splits and Nasdaq uplisting and instead of fighting for pennies this thing starts skipping dollars.
I find it interesting that BLOZF is at the lows for the year and Lifeloc is at the highs for the year. Ideally, I'd like to see the whole sector take off but I don't think that this particular scenerio has ever happened before. BLOZF is back to being valued just 3 times that of Lifeloc. That hasn't happened in quite some time.
I don't think it means much - just an observation.
It's time for Lifeloc to get some public attention and get this stock back above $5 where it deserves to be. Let's see some new highs for the year and get this thing marching higher.
Does anyone know of a service that is paid or free that can let us know exactly how many total shares are owned by the public (non-insiders).
We have touched this price of $2.82 twice already this year and did not break through. We have not seen prices higher than this since December of last year. It's pretty important we get through this resistance level and see if we can push past $3.00
I was looking into SOBR, which sits at about a $25 Million market cap. They have just begun to become revenue producing but have yet to earn a profit. Each quarter it looks like they lose about $2.5-$3 Million and have an accumulated deficit of $83 Million. They also continually issue more shares and dilute shareholders to the tune of about 1.5 million shares each year. They do have total assets of around $9 Million but I just don't see how SOBR has more going for it than Lifeloc. The market is valuing SOBR 4 times that of LCTC. SOBR needs to produce a net profit of $83 million just to start breaking even. I just don't see how Lifeloc still sits at such a low valuation compared to competitors in the industry.
This price area of $2.50 seems like formidable resistance. 1% of the float traded into stronger hands yesterday. Ideally, I'd like to see us get through this area before the news flow starts.
This price area of $2.50 seems like formidable resistance. 1% of the float traded into stronger hands yesterday. Ideally, I'd like to see us get through this area before the news flow starts.
Looks like Lifeloc recently received an award but I'm not sure if it's linked to a patent, grant or service contract:
http://www.fbodaily.com/archive/2023/08-August/24-Aug-2023/FBO-06800805.htm
https://sam.gov/opp/0ab5d99de5cf4e8b90fc503f62ee0e6f/view
Highest closing price all year. Have to wind up getting through this price level and start pushing this thing higher before we get some news.
My hope is that we don’t have to wait another 3 months before we hear anything. End of the year is going to come up on us pretty quickly.
I haven’t seen anything that confirms an IPO for Hound Labs but we know they raised close to $100 million from venture capital and other sources and I think there’s a good chance they decide to go public in the near future so that everyone who invested can get paid now that they are revenue producing.
I have to believe that it would bring some quality exposure to any other publicly traded companies that are targeting drug testing solutions.
It would be nice to hear some kind of progress report from Lifeloc certainly before years end but the sooner the better. I reallly hope they are getting their shit together and making it happen. Nobody wants to wait another 3 months before any more news comes out.
One other thing to keep in mind. If Hound Labs decides to go public with an IPO, there will most likely be a good amount of hype surrounding the whole "first marijuana breathalyzer" story and if investors miss out on the Hound Labs IPO, it should give Lifeloc a nice boost and increase investor awareness.
Just keep an eye out for any mention of a Hound Labs IPO in the near future. Now would be the time to go public and raise funds if that's the direction they want to go in.
Also, what I wouldn't mind seeing at this point is some grant money coming from Sandia National Labs (who has a vested interest in the SpinDx technology) to help get Lifeloc through the finish line. Sandia has close to a $4 Billion budget (Yes - Billion) some of which could be utilized to assist Lifeloc through these last couple hurdles. That could really help get this whole thing wrapped up and start directly competing with the Hound Labs device which we know is already producing sales and revenue.
Awesome. Thanks. Is there a way to determine how accurate these tests are and if they are DOT approved?