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Ok Ladies and Gentlemen. This is pretty big news not only for the entire cannabis sector but also for the breathalyzer companies:
Chuck Schumer Says Marijuana Reform Bills Are Being Merged As Congress Moves To Legalize:
https://www.marijuanamoment.net/chuck-schumer-says-marijuana-reform-bills-are-being-merged-as-congress-moves-to-legalize/
"The majority leader did say that he wants to allocate funds to develop a cannabis breathalyzer to detect impaired driving, saying that “just like you shouldn’t drive under the influence alcohol, you probably shouldn’t drive under the influence of too much marijuana.”
A Marijuana Breathalyzer Should Even the Field:
https://thechicagojournal.com/a-marijuanabreathalyzer-should-even-the-field/
"The marijuana breathalyzer is going to fly off the shelves when they finally hit the market sometime this year."
At least we have someone outside of us who thinks this can go to $500 +.
I do wonder where he comes from and what his deal is and why he is pumping this thing now out of nowhere.
I actually think it's probably this gentleman who has been posting on twitter in support of Lifeloc:
https://twitter.com/mldjournalist/with_replies?lang=en
Do you think there is any chance this is the Mark Davis that is posting about Lifeloc on twitter?
https://worthingtonindustries.com/Company/Leadership-Board-of-Directors/Board-of-Directors/Mark-C-Davis
Good find. Seems like whoever this Mark Davis @MJSTOCKTRADER is, they are touting Lifeloc and seem to be on our side with this. However, they just joined twitter in January and don't really have any type of following yet. They are trying to get the big boys involved by tweeting to Alan Weedspan and Street Trader. Maybe we should hop on board and back him up. Do you have a twitter account?
I'd like to create a type of Lifeloc sell sheet where we list all of the relevant info for potential traders/investors:
-We should list all of Lifeloc patents and what they cover
-Explain the small stock float (at current prices, the entire stock float can be locked up for less than $1 million)
-Possible completion of the worlds first marijuana breathalyzer by the end of the year
-Competitor info and how Cannabix trades at 21 x the market cap of Lifeloc with no revenues
-Any other relevant info
And then brainstorm on where we can possibly share this so we can reach investors outside of this message board. I agree that posting here really isn't doing anything to help the cause. We need to explore outside opportunities.
The heavily shorted names (GME, KOSS, AMC, BBBY, etc.) have run their course and looks like they have all cooled off.
It also looks like these cheap penny names (PPJE, BLSP, GTEH, etc.) are done moving higher.
Plenty of money was made in these names and these guys will be looking for the next group/sector to target.
We should brainstorm and see what we can come up with to get some attention on Lifeloc.
Cannabix/BLOZF currently trades about half of the price of Lifeloc and looks like it wants to charge back to its previous all time highs.
Cannabix has 45 times the shares outstanding as Lifeloc and has a market cap that's over 21 x that of Lifeloc.
The biggest difference between the two is Cannabix has a management team and CEO that truly care about shareholder value and stock price.
This current market and the moves we are witnessing have nothing to do with fundamentals, stock charts, technical analysis, etc.
These guys are looking for anything that can easily move when manipulated which include heavily shorted stocks and low floaters.
Although Lifeloc does not fit into the heavily shorted category, we have one of the lowest floats in the entire publicly traded markets as seen here:
https://www.lowfloat.com/all_with_otcbb/
Question is can we use this to our advantage and what can we do to garner some interest from the reddit groups and robinhood traders?
This is the time to get moving as traders/investors are looking for the next mover and shaker that can return 500% or more and I think Lifeloc has that potential if given the chance.
The spark of interest needs to be created to get this thing moving.
Lots of new names you can add to that list include KOSS, NAKD, Blockbuster, CTRM, VIR, CVM, SNDL.
If the group from reddit/wall street bets did get a hold of Lifeloc, it probably could go to $1,000 or somewhere close to it.
Recent article specifically mentions how large groups of retail traders working together in low-float stocks can overpower anything:
https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestop-surge-continues-they-hate-that-you-played-by-the-rules-and-still-won-11611600048?mod=home-page
“There’s been an awakening,” Tim Collins wrote. “A large group of retail traders have realized if they work together, using market tools such as out-of-the-money call options or low-float stocks, they can overpower any institution or short seller in the world, outside of the Fed, of course.”
I just noticed GME trading upwards of $215 in after hours. This was $4.00 only a couple months ago so if there are non-believers that a $4 stock can't trade above $200, there is your proof. And Lifeloc's float and overall outstanding shares are nowhere near GME's.
If the same group of reddit/robinhood traders or wherever they come from got a hold of something like Lifeloc it would be out of control fireworks. Look what they were able to do with BLSP. That % move is insane. This thing doesn't even have an operating business. It's just a group that piles in early and pumps it up to whoever is willing to listen.
I'm with you on the time is now. Everything worthless is getting pumped up and inflated and it's time to hop on board. Why not come to the party? It's ok to be late to this party.
Like you said, Lifeloc has a history of being a laggard so let's see if we can get some momentum at the very end of this euphoric bubble run.
It's almost like a signal that if Lifeloc does makes a run, we know it's at the very end of the overall bull market run. A run up in Lifeloc could signal the end of one of the greatest bull market runs in history. Imagine that.
Cannabix/BLOZF is right at about 20 x the market cap of Lifeloc.
That is probably the highest I have seen it so far.
It's sad how a company that has never sold a single thing or produced a dollar of revenue can be valued at 20 times that of a company that has been profitable for decades.
It tells you the power of social media, news/press releases, a management team that cares, a good CEO, etc.
We could really use a move soon. Every other f*cking stock on the planet is moving except for this one.
Can you think of anything that we can do to get some attention on this thing? Traders are looking for anything that has been beaten down and hasn't moved yet. We are certainly in that category.
Do you see or notice anything new or different with the Lifeloc website?
Do you think it was just inept management having a website go down for a couple days or does it look like they were actually working on something of substance?
They are pretty much running anything and everything. High short interest, low floaters, garbage, etc. I see dozens of lower priced penny stocks up 1000% and more. Most of the time, when they start moving all the junk, it signals we are close to the end of the bull market run.
Something like PPJE which has been garbage for years is up close to 5,000%. VPER is coming close to being up 10,000%. There are probably hundreds of examples like this. Traders are looking for anything that hasn't moved yet. Lifeloc would actually be better off if it were considered penny stock garbage. I could almost guarantee that we would see a move.
Based on the moves other low priced stocks are making, I agree that $40 is not out of the question, but it needs to get attention from somewhere.
Also, if you get a chance to look over this Patent application from Lifeloc for the Spectral Signature Drug Detection, can you provide a brief synopsis of what they are going for? Can you tell if that patent has been granted to Lifeloc or are they still waiting for the approval?
https://uspto.report/patent/app/20160061807
Thanks!
Thanks for your insight and response. Marijuana/Cannabis sector had some nice moves today and aftermarket most names continue to trade higher.
I have to believe in a post-Covid world, and with the Democratic dominance that we witnessed recently, we will start to see positive movement in the approach to legalization in the US, and that will also support global legalization. Which just means even more of an opportunity for those working on drug detection devices.
I would really like to see Lifeloc with a steady flow of volume on a daily basis. We shouldn't have to wait until quarterly earnings to get a news release. Every time we see Cannabix post a PR or news release it's good for a nice move higher. I would just like to see a bit more of an effort from Lifeloc management. It also boggles my mind that no one from Lifeloc made an attempt to purchase stock when it was trading in the $1.00's or even the $2.00's.
Fuel cell stocks continue to move higher after hours.
FCEL was trading at the same price as Lifeloc less than 3 months ago. Today FCEL is trading at almost $20/share.
Do you know if Lifeloc manufactures its own fuel cells for their breathalyzers? I recall that they previously used a supplier but I kind of remember that they recently starting to produce and manufacture their own fuel cells.
It could be yet another opportunity for Lifeloc to possibly start supplying fuel cells from their facility? It really doesn't look like they are doing too much of anything else.
I would like to find out if you would be interested in exchanging the rest of the shares you would like to sell in Lifeloc at an agreed upon price in the open market.
Can you give us an idea of how many you have left to sell and at what price you would be willing to exchange those shares for.
I just don't see the point in dragging this out for another year or two.
I think we all can agree that current management is not doing us any favors and so I am reaching out to see if you have any suggestions on how you would like to move forward with your shares.
Thanks for your time.
Since you had done such a great job in explaining the Lifeloc patent filed in July of last year, can I request that you summarize what this patent for SPECTRAL SIGNATURE DRUG DETECTION actually means.
Have you seen or come across this particular patent before?
With the move higher in Cannabix today on a Patent Grant, I'm interested if this particular patent is still outstanding or if it has been granted to Lifeloc and what it would ultimately be used for.
https://uspto.report/patent/app/20160061807
Thanks for your time.
I would like to make a request for those of us who still follow and own this stock to band together and use our minds to figure out how to build some momentum here.
We know that it's possible for a stock in the cannabis breathalyzer sector to gain over $50 million in market cap in a day with good news. We saw this today with Cannabix.
Lifeloc does have a patent outstanding that directly deals with drug detection as seen here:
https://uspto.report/patent/app/20160061807
The technology disclosed herein may be used to detect drugs with potential for abuse within a human subject. This technology may be particularly useful to discriminate between drugs of abuse, corresponding psychoactive compounds, and corresponding metabolite byproducts, which are often closely related and possess similar chemical structures.
I will ask Energy Manager if he can provide us with a summary of this particular patent seeing as he did such a good job with providing a summary of the patent filed in July of last year.
I will also reach out to Madison1063 and find out if we can work something out where we can agree to exchange shares at a pre-set price so we don't have to drag out this selling pressure for another year. I know that Energy Manager does not believe there is a seller holding this stock down, but I think it's obvious to see that whenever we have an uptick or the stock trades higher a seller almost always comes in with at least 1,000 shares to sell. This has been the case for almost 3 years now. I don't care how this seller accumulated that many shares, I just want them to be done so we can all move on.
We can also update the IHUB info board and I suggest someone else try and email Dr. Wilkomm with questions.
I do believe the move higher in Cannabix bodes well for a potential buyout/merger in the space. It brings more eyes to the party when a patent grant leads to a 50% move higher and an additional $50 million market cap.
If you have any other suggestions feel free to post them and let's see if we can focus on getting things moving in the right direction.
As it stand right now, Cannabix (BLOZF) has gained $50 million in market cap today. That is just absolutely amazing.
That's 10 times the entire market cap of Lifeloc.
Cannabix has gained 10 x the value of Lifeloc off of a patent approval.
Congrats has to go out to Cannabix and the team over there. Well done.
I would really love to be able to say well done to the team at Lifeloc one day.
With the whole marijuana/cannabis sector up today, if this were any other stock we would see a nice gain on the day. It's sad that we will be lucky to get more than 200 shares traded.
I would really like to see some changes being made at Lifeloc. I don't even care what those changes are because it can't get any worse than where we are today. Current management has this company trading at/near all time lows. That needs to change! Can you think of any other company in the entire US publicly traded market that is sitting at all time lows with the rest of the market at all time highs? They have run this company into the ground and changes need to be made. Anything would be better than what we have today. Can we just get someone in there who has some drive, motivation, determination, and the will to get things done. This is your year Lifeloc so let's start off by seeing some changes. No one wants to see another year of the same old, same old.
My last three emails have not had any responses or correspondance:
Greetings Dr. Wilkomm.
I am following up on an email that I sent a couple weeks back. It explained the current opportunity that exists in the breathalyzer space for detecting Covid-19. Can you let me know if anyone from the team at Lifeloc has looked into grants or various other funding opportunities? I am more than willing to lend a hand and provide my insight and research skills. I own two online businesses and I have a strong work ethic that I am confident can be utilized.
This was an interesting article that I came across and could provide Lifeloc with an opportunity to collaborate:
And here's another possible opportunity to provide breathalyzer testing without having to have any human contact. It reminded me of the RADAR device:
COVID-19 drives demand for automatic breathalayzer kiosks
Five counties have deployed the AB Kiosk, a system that autonomously coordinates and conducts alcohol screening,...
As always, thanks for your time.
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.
This page alone has over 40 various Covid-19 testing grant opportunities from the NIH, DOD and private foundations.
https://www.brown.edu/research/conducting-research-brown/finding-funding/external-funding-opportunities/covid-19-funding-opportunities
The NSF (awardsearch@nsf.gov) also has grants available as seen here:
https://www.nsf.gov/awardsearch/showAward?AWD_ID=2032533
And here is some information on the newly announced RADX (Rapid Acceleration of Diagnostics) initiative.
https://www.nih.gov/research-training/medical-research-initiatives/radx
NIH leadership details unprecedented initiative to ramp up testing technologies for COVID-19
NIH leadership details unprecedented initiative to ramp up testing techn...
RADx efforts seek to create capacity for 6 million daily tests by the end of 2020, address underserved populations.
As a former research analyst and writer of economic reports, I would like to offer my assistance in any way possible. I can research grants or contact other organizations that are looking for manufacturing, logistics, distribution networks, etc. Just let me know how I can be of assistance and I will get to work.
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.
Thanks for your time
I am in complete agreement with everything that you said. The ultimate potential lies in the completion of a working a reliable marijuana breathalyzer.
I don't think a 100x return is out of the realms of possibilities. That would value Lifeloc at $600 Million. At one point BLOZF was valued at half that number on speculation only. The revenue potential of a marijuana breathalyzer is in the billions.
I just don't see how investors get on board unless we see some changes. If they announced the hiring of a top engineer to assist in completion of the marijuana breathalyzer, I bet that would get some attention. This is what they should have done years ago.
I need to see progress and some persistence on the part of management. They have no concern for shareholder value or improvement. That has me troubled. They have prioritized the RADAR device and upgrading the alcohol breathalyzers at the expense of finding a solution for the marijuana breathalyzer. They need someone who understands the importance of this and who will continue to work until it gets finished.
Let me ask you this - Do you think without any changes, we will see anything different from the next quarterly earnings release? Nope - Expect a negative $.07-.10 EPS report with lower revenue and earnings. And between that report in March and now, I expect no news releases or catalysts for this stock to move higher.
Without changes, there is no catalyst - with no catalyst there is no momentum, with no momentum or new buyers, there is no stock movement, and with no stock movement, expect the same results. I don't need a chart to predict where the stock price is going. Without any changes, the stock price will be going nowhere!
Every single time over the last 2 years this stock has had an uptick or traded higher a seller of 1,000 shares or more has come in with an offer and stopped any upward momentum. This is not imaginary - this is fact. Anyone who has watched trading in this company can back that up. And it's obvious they are not done and have more to sell.
How do we see higher stock prices? Any of the following would help:
Insider buying
Increase social media awareness
Increased PR/news releases to build awareness
Stock split to increase stock float
Uplist to a major exchange to draw in new investors and get rid of the penny stock stigma
Provide updates on progress being made on the cannabis/marijuana breathalyzer.
Increased Grant applications
Hiring of top notch engineers to help bolster progress on the marijuana breathalyzer.
Increase the sales/marketing team and focus on distribution networks.
Hire a PR company
Change in management, the CEO or the directors
At these current prices, Lifeloc is an attractive company for a buyout/merger. That's about the only thing it really has going for it and would be my ideal scenario. Someone who could come in and recognize the multi-billion dollar opportunity for a marijuana breathalyzer and not stop working until it gets done. They wasted three years on the RADAR device which has nowhere near the potential of the cannabis breathalyzer. Stop wasting any more time!
The last thing I want to do is argue or bicker back and forth about this company. What we need to do is band together as shareholders and figure out how we can change things.
Isn't it lovely how it takes 4,200 shares to move this thing higher by less than $.50 and 400 shares to drop it over $1.00 and have us right back down near the lows. Yet one more thing to add to the long list of Lifeloc frustrations.
My Christmas and holiday wish list consists of:
1. Replacing Lifeloc management and the directors with a team that is competent and can make positive changes.
2. Having this seller (that has held this stock down for over 2 years) disappear/finish up/be done with all their shares.
I challenge anyone to find a stock over the last year, three years and five years that has performed worse than Lifeloc. If you disregard companies that went bankrupt and anything trading under a penny, you would be hard pressed to find anything that has underperformed worse than LCTC.
We are in the midst of a stock market that is sitting at highs across the board and as we sit in the dollar range on Lifeloc, not one individual that works at Lifeloc thinks its a good idea to purchase some shares.
The bottom line is that this management team has to go. They are responsible for one of the worst (if not the worst) performing stock over the last one, three and five years. Any other management team that drives their company into the ground would be fired or sent to jail.
As long term shareholders, we deserve better than this.
Allow me to vent for a bit here:
Pretty much every stock in the marijuana/cannabis sector is up today and LCTC trades at new all time lows.
Cannabix has more than doubled in a week and LCTC trades to new all time lows and is worth less than $5 million. Cannabix is worth upwards of $70 million. That makes Cannabix worth 14 times that of Lifeloc. How the f*uck is that even possible with a company that has never produced a dollar in revenue?
There are so many catalysts for growth in the sector and there is not one f*ucking individual from Lifeloc that thinks this company is worth buying in the dollar range?
No one else is tired of this sh*t? What the hell is going on here?
Anything would have been a better investment that this piece of crap. Is it possible to run this company any worse?
Get them out. All of them. Time for changes.
Once again we have the pleasure to witness Cannabix (BLO/BLOZF) in one day gain more than twice the entire market cap of Lifeloc.
New lows again today on Lifeloc. Is it too much to ask for a day where it just trades higher. We don't even get those anymore.
So many potential catalysts for the cannabis sector/industry coming up this week and the near future:
House To Vote On Kamala Harris Bill Which Would Legalize Marijuana Next Week (https://dailycaller.com/2020/11/27/house-vote-kamala-harris-bill-legalize-marijuana-more-act/)
Pot Stocks Gain With U.S. House to Vote on Decriminalization (https://www.bloomberg.com/news/articles/2020-11-27/pot-stocks-gain-with-u-s-house-to-vote-on-decriminalization)
Cowen now projects the legal marijuana market will grow to $34 billion by 2025, up from an earlier forecast of $31 billion. Morningstar estimates that annual U.S. cannabis sales will reach $70 billion for the adult-use segment and $15 billion for medical.
Israel lays out plan to legalize recreational cannabis, looking to Canada as a blueprint
Mexico Will Legalize The World’s Largest Legal Cannabis Market
Sadly, these headlines won't make a difference in the price of Lifeloc.
Under normal circumstances, the addition of Mexico and Israel recreational use should have given us a nice move higher along with the other catalysts this week.
We would be lucky just to trade above $2.50 this week. Something really needs to change.
With one simple PR news release about a marijuana breathalyzer beta test, Cannabix (BLO/BLOZF) gains more than twice the entire market cap of LCTC.
Can we please get some competent management in place at Lifeloc. I would vote to replace them all - I reckon is couldn't get any worse than it is now.
Everything in this market is up except this thing. Something needs to change, change drastically and change now.
I believe that Energy Manager mentioned he owned a bit over 3% of the entire float (not outstanding shares) which would put him right below 10 k.
But he can correct me if I am wrong.
I do not believe it's possible for anyone (unless they are a former insider of Lifeloc) to own more than 50,000 shares just based on the amount of shares that have been traded over LCTC's lifetime.
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?