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Lifeloc had a very good week in terms of volume traded. It’s been close to 2 years since we have had comparable weekly volume.
Possible reasons may include:
- IACT annual conference attendee/vendor
- Sympathy move with BLOZF
- Something happening behind the scenes that we are unaware of
- Someone accumulating shares before news
Any other reasons someone may have for the jump in volume?
$4 is still our target breakout price. Let’s hope the volume and upward price momentum continue and we can break through the $4 resistance level next week.
BLOZF is working on close to a triple because of a presentation they are making this Friday at the IACT on the topic of cannabis breast testing.
Would it have killed Lifeloc to present their current findings on the topic. Where is the drive, where is the passion, where is the work ethic?
Even so, why can’t we find someone who is part of the Lifeloc team who actually cares about being a public company and is concerned about shareholder value. Wouldn’t you think that for those who own shares, they would want them to increase in value. Why is it this difficult for them to act like a public company and participate in presentations, bring public awareness, post on social media, share progress, etc.
I’m telling you, if Lifeloc were run by the same team at Cannabix, this would be a totally different story.
I just want to see some changes being made. Someone who actually cares needs to join the team.
This is something Lifeloc really should have been involved in:
https://www.iactonline.org/resources/Documents/IACT%202024/W5%20-%20Cannabis%20Breath%20Testing%20-%20Technology%20and%20Analytical%20Considerations.pdf
Cannabix and Hound Labs are making presentations on Cannabis breath testing this Friday. You can see how Cannabix stock price jumped on this news.
When are we going to get Lifeloc to step up to the plate and at least start swinging? You would think after almost 10 years they would be able to present something.
Lifeloc is an exhibitor at this years annual IACT (International Association for Chemical Testing) conference that is happening this week:
https://www.iactonline.org/page-1709724
Perhaps that is what brought us some volume on Friday?
I wonder why they decided not to go with the standard "by the end of the year" statement and they pushed commercialization out to next year. I really was expecting more from this report. We are working on 4 years of the same old same old.
Annual Revenues of $9,329,566 is just a hair off of all time record revenues for Lifeloc:
2010 - $6,118,960
2011 - $8,290,852
2012 - $6,838,551
2013 – $8,425,667
2014 - $9,341,984
2015 - $8,826,473
2016 - $8,381,135
2017 - $7,990,738
2018 - $8,437,654
2019 - $8,751,823
2020 - $6,356,702
2021 - $7,054,430
2022 - $8,481,992
2023 - $9,329,566
Well done! You can have my vote for new CEO.
Still no report. They have never gone into the month of April and released their earnings report so this is a first.
Hopefully they have something new and exciting to share and they are taking their time getting it together.
If they supply us with something of substance in this upcoming report, maybe we should take it upon ourselves to disseminate all pertinent info to some of the social media outlets and see if we can build some interest.
Are you looking for anything in particular from this upcoming report?
I’m looking to see record revenues of over $10 million for the year and something substantial that we can work off of for progress being made on the SpinDx device. I would really love to see something more than just another “by the end of the year” statement from them.
Getting some volume in this thing is the key. We have been stuck in this $2 consolidation range between $1.50 and $3.50 for a year and half now. Just a bit of volume and a move over $4.00/share would be a nice start. Many of the other stocks in the marijuana sector have seen moves of 50%-300% over the last 2 weeks. We could use some of that carry over to help us get above this $4.00 resistance level. It seems as thin as it's ever been so just a bit of volume in either direction could easily move this.
Why do I get the feeling that we will get earnings after the close today with the market closed tomorrow and a long weekend? That seems like typical Lifeloc. There has been only 1 instance where Lifeloc reported after March 28th and that was in 2020 when they reported on March 31st. Wonder why this earnings report has been pushed this far into the month of March.
I have to imagine earnings are due out any day now.
All interest in this company has been lost. It has been over 5 months since we have heard anything from them. This is why they don’t participate in any of the sector momentum.
I just want something to change. Give us some hope here. Let us hear something that gets more people interested.
I don’t even think a record earnings report is going to move this. We need more. We deserve more.
We should see Lifeloc report first quarter and 2023 annual earnings this week. We are looking for annual net revenue to come in higher than last year's $8.5 million. There is a chance they report the highest annual revenue ever as a public company.
Here's what we heard this time last year:
We believe our most important goal and best opportunity remains the convergence of the global need for rapid detection of drugs of abuse with Lifeloc's proven capability to build easy-to-use portable testing equipment. We are focusing our research and development efforts on leveraging the SpinDx™technology platform, sometimes referred to as "Lab on a Disk," to develop a series of devices and tests that can be used at roadside and in emergency rooms, forensic labs and workplace testing to get a rapid and quantitative measure for a panel of drugs of abuse, beginning with a device that allows for detection of delta-9-THC (the major intoxicating component of the cannabis plant) from a test subject's saliva. Testing has commenced to validate the SpinDx technology against the definitive standard liquid chromatography-mass spectroscopy (LCMS) measurement utilizing human samples.The LCMS data are validating the SpinDx test results on real-world human saliva tests at a limit of detection of approximately 10 ng/ml. Work continues to improve the robustness and convenience of operation. Following the release of the SpinDx saliva testing system, which is expected this year and is projected to result in commercialization in 2024, development will accelerate on combining our LX9 breathalyzer with the THC SpinDx detection unit with their coupling to be our marijuana breathalyzer system.
We need to see some progress being made with this report.
Would it be fair to assume that the SpinDx device is completed if they are hiring for a research technician to "validate tests for this exciting new technology in preparation for commercial launch."
Or am I just wishful thinking?
One step closer:
https://www.indeed.com/viewjob?jk=6096bba57bffb1a3
`Lifeloc Technologies, a leader in commercial and professional breathalyzer testing technology, is looking to hire a Research Technician to support research, development, and commercialization of its latest product for detection of controlled substances. This position will support research to develop and validate tests for this exciting new technology in preparation for commercial launch.
Specifically, the Laboratory Technician will be expected to aid in the development and testing of antibody-based reagents and equipment, establish tests with the project manager for validation of the device, and then assist company personnel with scale-up processes for manufacturing and reagent packaging for final commercialization.
I am on board with the idea of an annual shareholders meeting conference call livestream where they also demonstrate the SpixDx technology but I wouldn't hold my breath on that one. These guys don't seem to want to go out of their way for anything.
I get frustrated because on a daily basis we see the stock market hitting new highs and Lifeloc just continues to trade near lows. Any investment over the last couple years would have done better than this one. I don't want to sit here and read another earnings report that tells us "ready by the end of this year". I want to see someone who can get in there who has the determination and drive to finish this thing up.
I love the idea of attending the annual shareholders meeting. I wonder if they could give us a tour of the facility and show us where the magic happens with the SpinDx machine and truly find out how far along they are with this device. I want to see what management does on a daily basis and be able to experience first hand what happens in that facility.
I don't think they have ever had a shareholder show up to the annual meeting so I bet they would be shocked if a couple of us actually showed up.
Would anyone else from this message board be willing to make a trip to Wheat Ridge, Colorado this spring?
The former CEO, Barry Knott at least put out PR’s and updated shareholders with news releases. He seemed to at least care about being a public company.
These guys show no interest in anything. There’s no interest from new shareholders here because there’s no interest from anyone from Lifeloc.
We need to get people excited about what's to come from this company. Obviously we are getting no help from the owners and management of Lifeloc.
I have sent a couple emails to the CEO Dr. Wilkomm with no response.
No one wants to hear about another we will have our shit together "by the end of this year" statement.
We have a total of 6,500 shares traded since the beginning of this year. No one cares.
It has been 10 years since the state of Colorado had given Lifeloc a grant. "The grant, which requires matching funds from the company, will allow Lifeloc Technologies to speed development of a tool that will be marketed to law enforcement, corrections, schools and workplaces."
Can't we please just get someone with the right mindset and determination to come in here and figure this thing out.
I battle with the idea of making a due diligence Wall Street bets Reddit post or something along those lines to get more people interested in this company. We should concentrate on that after we see something substantial that investors can get excited about to keep up the momentum.
We know that it only takes 1 right person with a float this small to get it moving.
Right now, Lifeloc is capturing less than 1% of the total $1.8 Billion breath analyzer market. I still think there’s a possibility of Lifeloc having a record earnings year and doing $10 million in revenue. But even that still leaves a ton of room for growth.
If we can start trading above the resistance at $4 and get something substantial to from Lifeloc to work off of, we could definitely be in a sweet spot over the near term.
$4.00/share is a very key level for next week. Not much resistance above that. If we can get some volume, I think we have a shot at some new yearly highs. If we can couple that with some news, that would be perfect. It feels like it’s small cap season out there and I’d love for Lifeloc to participate.
You might be correct on that but it’s also going to depend on current demand and shares available for sale. Let’s just say Lifeloc was announced another grant by the state of Colorado to get them across the finish line, if supply (stock for sale) is limited I think we could get an explosive move upward and it wouldn’t take a lot. One high net worth individual could have this thing trading above $10 in a couple minutes.
HOLO is an example of a low float name that was less than $2.00 about a week ago. Today, it almost hit $100/share. According to Yahoo Finance, It's float is around 950,000 shares, is 70% owned by insiders and went from a market cap of about a $12 million to almost a $600,000,000 market cap in about a week. It's certainly possible.
On a daily basis, we see $1 and $2 stocks exploding and trading hundreds of percent higher. It feels like the time is right for low float small cap stocks with a catalyst or good news story to see a ton of upside potential. A $2.00 can go to $10 overnight. It's happening on a daily basis. It's go time Lifeloc. Let's see some magic.
I totally agree that timing is perfect and could not be any better. What I don't want to hear from them is another year of "commercialization by year's end" and no updates throughout the year. I still think they could have done a better job with this device. A working prototype was given to them 8 years ago! That's 2,920 days. Hounds Labs got a working device done in less time and are currently being rewarding for it with millions in revenue and a valuation close to half a billion dollars.
As far as an equity raise, I'm all for it. However, it would make more sense to me if they announced it when stock prices are higher. Big difference between issuing stock at a price of $2 vs. at a price of let's say $6. It would be worth their efforts to increase the stock price first whether through a series of PR's or just buying stock on the open market. They could move this stock higher with a couple thousand bucks and get rewarded with a couple extra million in financing when the time comes.
Love to see this thing bust its way through $4.00 resistance level and see what we can do.
The push towards oral drug testing is all well and good but where is the sense of urgency from Lifeloc?
They were given a prototype from Sandia National Laboratories almost 8 years ago:
https://www.sandia.gov/partnerships_reach/#!/stories?category=1&id=130&page=1
They didn't have to start this process from scratch. They were given a prototype that probably took years to develop. I feel like you and I could have developed this thing quicker than Lifeloc. I have to go back to the fact that when you are sitting on a potential multi-billion dollar opportunity like this, you do whatever it takes to make it happen. Work on weekends, spend the money on R & D, find the best minds in the workforce to get it done. I just don't see any of that with Lifeloc. Hopefully we see things change soon!
Anyone have any idea where the volume came from today? I can account for 100 shares but that’s it.
It’s nice to see it break out of the $2 range it’s been in for over a year but can we sustain this or do we go right back down tomorrow? $4 is a huge resistance level to get through but hey - it has to start somewhere.
Let’s be thankful for this upward momentum.
Maybe one day we will see Lifeloc have a similar chart to HOLO. We deserve that for being so patient.
Essentially, Hound Labs is replicating the same thing that Lifeloc is trying to do and that company is valued anywhere from 50 to 200 times that of Lifeloc.
I just want to see some changes being made. Hit us with some updates and fire up social media outlets. Something needs to change here. The overall market continues to hit new highs and Lifeloc continues to trade near all time lows. This is absurd.
Wouldn't it be nice to also find a video where the police force is using Lifeloc's SpinDx device to test for drugs of abuse. We are working on 8 months now with no updates or any indication of progress being made. No volume in the stock tells me no one is interested anymore. People have lost hope.
Don’t you just feel like they could be doing more with the resources they have? The lack of urgency is concerning.
Market sits at all time highs across the board and Lifeloc once again trades near/at all time lows. Market cap is again less than $5 million.
We need something to change here. We have heard nothing since the annual conference call 7 months ago. For 3 years we have gotten excited and once again nothing. How is everyone not just tired of this.
We need to get someone in there who can make moves in a positive direction and not just talk a good game.
As a stock, LCTC has been trading in a $2 range for well over a year now with a low of $1.50 and a high of $3.35. That’s a long consolidation time period and should make a fairly significant moves once it breaks out. I don’t expect it to break to the downside but as we all know anything is possible.
There’s a chance that Lifeloc has its highest revenue year ever in 2023 and of course we have been patiently waiting for any updates on the SpinDx technology/marijuana breathalyzer.
If we want to see this stock go anywhere this year $3.35 is a very important price level to break above with some volume and then we have some resistance at $4.00 and $5.00. After $5.00 it’s possible we see a quick move up to $10.00.
2024 Cannabis testing trends to watch article put out by Hound Labs:
https://houndlabs.com/2024/01/11/cannabis-testing-trends-to-watch-in-2024/?utm_source=pardot&utm_medium=email&utm_campaign=blog
If I had F-U money and wanted to have some fun here's what I would do:
I would place 100,000 share bid starting at $2.50 and increase that bid a penny every new trading day until I started to get filled. I would eventually take down the entire rest of the available public float and just wait until news knowing that the only sales that could possibly occur would be from Lifeloc insiders and in the entire history of Lifeloc there has not been any insider sales. I know we talked about this before but it would essentially be owning the float and praying that Lifeloc makes good with its promises about its SpinDx technology.
Here's some interesting findings on Lifeloc's share structure and Insider ownership:
Current information has the following insider ownership:
Vern: 1,889,445 shares
Donald: 1,000 shares
Robert: 185,979 shares
Wayne: 51,200 shares
Michelle 5,000 shares
Michael 1,000 shares
Total insider ownership = 2,133,624 shares
Total shares outstanding = 2,454,116
Total available public float = 320,492 shares
Previous insider ownership from individuals who are no longer associated with Lifeloc:
Barry Knott: 64,125 shares
Mark A Lary: 50,000 shares
Alan Castrodale: 50,000 shares
Robert Summers: 11,500 shares
Gurumurthi Ravishankar: 10,000 shares
Kristie LaRose: 7,500 shares
Total shares owned by previous insiders = 193,125 shares
Current float of 320,492 minus the shares owned by previous insiders 193,125 = 127,367 shares
That means there is only 127,000 shares available to the public that are not owned by current or previous management. I do believe that previous CEO Barry Knott and some of the previous management may have sold some of their shares which would add to this number but it's still a very small number of shares currently available.
We gotta get this thing moving!
Hound Labs has revenue of $34.8 Million according to Growjo (https://growjo.com/company/Hound_Labs). That's just from October of last year when they first started selling their device. If they have the same results this year it would equate to about $140 million in revenue.
We also know that back in 2017, Hound Labs had an approx valuation of $31.5 Million (https://www.cbinsights.com/company/hound-labs/financials) and crunchbase as of Sept. 2021 has a post-money valuation in the range of $100-500 Million (https://www.crunchbase.com/organization/hound-labs/company_financials). I think it's fair to say that 2 years later it would be safe to value Hound Labs at $300 million.
If Lifeloc's SpinDx device can sell just a tenth of what Hound Labs device has done, I would expect at least $14 million to be added to Lifeloc's revenue and a valuation of $30 million. That's about 5 x from where we are today.
We have been more than patient with this company and it's time for us as long term investors to be rewarded. 2024 is your year Lifeloc. Let's see some magic happen!
I also noticed that Lifeloc is registered as an exhibitor and a sponsor at the 2024 IACT Annual Conference during April in San Diego (https://iactonline.org/Annual-Meeting) and will also be at the 2024 IACP during October in Boston (https://iacp2024.mapyourshow.com/8_0/exhview/?orsearchtype0=exhibitor&orsearchvalue0=1797173&orsearchdisplay0=Exhibitor&orsearchvaluedisplay0=Lifeloc%20Technologies&selectedBooth=2370)
The sector does seem to be in play again and BLOZF had a nice move recently.
Wayne even posted on Linkedin recently (https://www.linkedin.com/in/wayne-willkomm-980b4b5/) but there social media presence is just absolutely terrible.
Still wondering if Hound Labs decides to go public this year now that revenue is coming in. That's another possible catalyst for the group.
May 2024 be the year of great things at Lifeloc!
Today was the most volume we have seen in Lifeloc in over 4 months. January 4th last year saw volume of over 20,000 shares and an all time low of $1.35.
We really need to see some volume and a break of the $3.35 price level to get things moving.
Let's see if there's any repeat of last year
Last day for 2023 tax loss selling but does anyone know why in first 3 days of this year, LCTC traded 32,000 shares mostly on the sell side?
That's probably more shares traded in 3 days than we have done all year.
Does anyone remember news coming out or an article being published that would have caused this?
Here's to 2024 being a much better year for Lifeloc!
Dear Wayne, why not just take down the whole Lifeloc float in one shot and call it a day?
https://ih.advfn.com/stock-market/USOTC/lifeloc-technologies-pk-LCTC/stock-news/92851842/form-4-statement-of-changes-in-beneficial-owners
I was wondering if anyone from Lifeloc was going to buy any stock down here. This is the third year now we thought we were going to have some results from the SpinDx and marijuana breathalyzer and nothing.
Let's see if he is still in the market to buy while the stock in the low $2 range.
I still don't think anyone really cares about this stock or it's future and management has made it this way.
BLOZF market cap sits at $20 million. SOBR market cap is $8 million and Lifeloc is at $5.5 million.
I'm asking Santa this Christmas for a new management team at Lifeloc. Someone needs to come in a make this thing happen.