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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?
Quick question - Does anyone here know if there are any other companies/organizations/universities/individuals that are working on an oral fluid drug testing device or are all the competitors using breath testing machines - Not just in the US but worldwide.
Also, can anyone confirm if any of the other devices are capable of testing for cocaine, methamphetamine, amphetamine, opiods, benzodiazepine, ketamine and fentanyl in addition to THC or is the Lifeloc device the only one that we know of that is capable of testing for these other drugs in the body?
Check this out - According to Crunchbase "Hound Labs has a post-money valuation in the range of $100M to $500M as of Sep 3, 2021, according to PrivCo.
https://www.crunchbase.com/organization/hound-labs/company_financials
And that valuation is from almost 2 years ago before their device was even released or had any revenue.
Lifeloc has a current valuation of less than $6 million. Needless to say, just based on this information, I will be freeing up some funds and buying some additional LCTC shares. Honestly, even at a market cap of $20 million that still seems like Lifeloc is undervalued. Even at $50 million, that still seems like Lifleoc is undervalued and we are sitting currently at $5.7 million market cap. I will say it again, but if I had the capital, I would take down the whole float myself and just go all in.
We know that it's a multi-billion dollar opportunity for whoever makes it happen.
We also know that Hound Labs was able to raise $100 Million and its total funding is $130 million.
And according to deal room, in September 2021 it had a $150 million valuation.
If the SpinDx technology proves itself, a market cap of $250 million is not really out of the question.
I know that when we look at it today at $2.50/share it seems absurd but the possibility does exist.
Hound Labs Update:
According to Martin IP Law Group, the Hound Labs Marijuana Breathalyzer could make the California Company Billions as more states legalize the use of marijuana:
https://ipsolutionslaw.com/category/innovation/
Hound Labs, an Oakland, California company that was founded in 2014, has invented a breathalyzer machine that can detect recent use of marijuana by a person that may indicate that the person is impaired. With several states having already legalized or de-criminalized recreational use of marijuana, such a device would make our highways and roads safer by finding and punishing people who drive under the influence of marijuana in the same way as those who operate under the influence of alcohol. The availability of such a device may also lead to the rapid legalization of marijuana throughout the country.
The handheld device detects the presence of marijuana in a person’s lungs. Its operation is simple – for two minutes a person breathes into the handheld device, which is reportedly a billion times more sensitive than an alcohol breathalyzer. The breath that the handheld device collects in a cartridge is loaded into another machine for analysis. After about ten minutes, the machine will tell you whether there is marijuana in a person’s breath that would suggest that they have used marijuana recently. Testing the breath appears to be a far better indicator of whether someone is “high”, as it tests whether someone has used marijuana in the past two or three hours – the time that correlates with the greatest level of impairment. The device is also capable of detecting vaped or ingested cannabis.
Hound Labs has reportedly raised $65 million and has already secured nine U.S. Patents on its invention, with at least two more applications pending. The “weed breathalyzer” was recently featured in Newsweek and on The Today Show, where it was mentioned several times that the device will be expensive. But with law enforcement looking for better ways to keep the streets safe from impaired drivers, it’s a good bet that many will invest in the devices as marijuana use increases due to legalization. Assuming Hound Labs was able to secure relatively broad protection for the invention with its patents, it could be the sole supplier of “weed breathalyzers” to police departments across the country for the next 20 years! What a great example of how to use intellectual property to make money and grow a business while also providing a needed and valuable service to the community!
I’d prefer services like money morning to hop on the bandwagon after the run has started and the news is out and the stock price has already moved higher on its own.
That just brings in short term flippers and the stock will never maintain momentum.
I’d rather see a very small group or even just 1 investor take down the float on their own. It would take about $630,000 at current prices to own the entire public float.
First things first - We need to clear this $2.50 resistance and take out this 2,000 share seller. I just feel like for as long as we have been in this stock there has been a relentless seller of shares as soon as we start to see some momentum.
Where in the world are all these shares coming from and who is still selling stock when we are trading in the low to mid $2 range? There can not possibly be that many shares left to go in the public float.
Who is watching this stock, reading the quarterly report and then saying I didn’t really like what I saw and it’s time sell more shares here at $2.50?
Are these shares a gift here at $2.50 for anyone who wants them or is it just the same old pattern with this stock and we trade right back down? I guess time will tell.
Honestly, in a float lock down scenario, the OTC would probably be the preferred exchange. I totally agree that the meme crowd is more intent on trading the NASDAQ symbols which is why LCTC continually gets passed over. We don't really want that crowd involved anyway unless it's at the tail end of the run when things are already frothy.
But if we could somehow lock up the float on the OTC and we get a series of good news, sky's the limit on this thing. I know we have been patiently waiting a long time, but hopefully its all worth it.