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I'd really love to know 3 things:
-Who the hell is selling this stock at all time lows
-Why do they continue to sell stock at all time lows
-How many shares do they have left to sell
We sit at a market cap of just over $4 million. That is abusrb for a profitable company. OTCBB stocks with no business have market caps over $4 million
For the first time in the history of Lifeloc being a public company an insider has purchased shares on the open market. I have been asking for this for years. If Wayne's finally buying, I'm joining him. I think he might have also been on the bid today and picked up some more.
My main concern is who the fuck is still selling here at all time lows. They seem to have a never ending supply of stock. To sell at all time lows really makes no sense to me.
https://www.benzinga.com/secfilings/23/03/31521170/lifeloc-technologies-inc-willkomm-wayne-director-ceo-and-president-buys-1-200-avg-price-1-76-form4
2022 Annual report is out. Revenues are up but here is the only line that really matters:
"We are optimistic about the results of the work to date and expect market introduction later in 2023 and commercialization in 2024".
We have heard the same line for three years now. This is the reason the stock is at all time lows. We just keep hearing the same crap year after year.
They have been working on this device for 7 years now! Where is the accountablility over there? Where is the drive to get this done? Where is the compassion for shareholders?
Can someone compentent please join the Lifeloc team?
For the love of God - Can something please change over there?
Beautifully done.
You can certainly have my vote for new Lifeloc CEO!
You seem to have a much better grasp on things than anyone currently over there.
Is there any chance you are going to make it out there to Colorado for this years annual shareholders meeting? I believe shareholders are invited to attend.
I will definitely be asking my fair share of questions also but not sure yet if I can make that trip.
Every presentation that Lifeloc publishes we keep hearing about how they strive to become a $100 million company. If they had any faith whatsoever in that statement they would be buying shares down here in the $1 range.
We need changes over there. The 4 people on this board would do a better job running this company than the current management. I’m convinced of that. Let’s see some stuff change over there and get this ship going on the right direction.
Maybe it is Vern that’s been the problem. Do we even know how an accountant was able to acquire almost 2 million shares of Lifeloc in the first place?
He doesn’t seem to be the least concerned about increasing value in any of the companies he owns.
I’m almost convinced that anyone could do a better job running Lifeoc than the current team. We could really use some changes over there.
All of which explains why we sit here at all time lows in the stock price.
The maket cap is less than $5 million and no one from Lifeloc thinks it might be a good idea to buy some shares up? How the hell can we be confident in this company when no one from the company is confident?
I believe the best we can hope for is some type of merger or buyout from Sandia National Laboratories, Lockheed Martin, or Honeywell where they can come in and replace the entire Lifeloc team and use their own knowledge and skills to further advancement of this.
You can not look at the stock price and tell me the current team knows what it's doing.
Time for some changes over there.
Nice summary of your findings. This should certainly be considered a glimmer of hope.
With Lifeloc sitting at a market cap of less than $5 million and this being the final stages of completion, I would have to think that it becomes a very attractive buyout or merger opportunity for someone out there.
My wish has always been to get a new management team in there that can really get things into place. SOBR was able to get uplisted to Nasdaq, increase the volume and share price - all without having any revenues or product sales.
I personally still think there is selling pressure and we see even lower prices. Maybe one more high volume day to the downside and we can start working our way higher.
It's dissapointing to see prices at all times lows but we will have our day soon enough.
Here's what we know from the recent sell-off in LCTC:
Over 10% of the float has traded over the last 2 days
LCTC is now at an all time low
Lifeloc has a current market cap of less than $3.5 Million vs BLOZF with a market cap of $46 Million (13 x)
There is no public news available to warrant this current sell off
This is the biggest volume since August 2021 when Money market decided to profile this stock
Lifeloc supposedly is close to having sales revenue of the SpinDx device
Someone has been relentlessly dumping stock since the end of last year and I'm not certain they are done just yet. Doesn't feel like it has capitulated yet.
The entire LCTC float at this price could be locked for about $420,000 - that is just utterly rediculous
Lifeloc management is the worst I have ever seen and does not give a two shits about shareholders and/or shareholder value - even at $1 I have yet to see even 1 insider purchase of their own stock. They have proven to be utterly worthless. Get rid of them all - they are of no use. Anyone can run this company better than the current team.
Positive news article from Matt Clark from Money & Markets:
https://moneyandmarkets.com/more-act-update-top-5-cannabis-power-stocks/
Somehow he puts Lifeloc in his top 2 Cannabis Power Ratings Stocks. It received an overall 99 rating and he explains that of all the listed companies, he is most intrigued by Lifeloc:
"Of them all, I am the most intrigued by Lifeloc Technologies. There are very few players attempting to develop a cannabis breathalyzer.
Lifeloc already has solid relationships with law enforcement and other companies, so getting a product to market could mean remarkable things for its stock in the future."
We know we are not going to get much from Lifeloc itself so every outside article that helps to promote it is at least a bit of awareness.
The SpinDx really does have the potential to be far superior to any device that Hound Labs or Cannabix is working on. If the following statment from Lifeloc is absolute truth "The SpinDx™ platform has the potential to revolutionize real-time screening for a panel of high abuse drugs, with the ability to quickly and quantitatively measure very low concentrations of drugs such as cocaine, heroin, methamphetamine and others" then it should become the most saught after drug detection device on the market. This alone should bring in interest from outside investors.
We have been hearing about this SpixDx product being released by the end of the year for 3 years now. However, they have never stated that they "expect market introduction later in 2022 and are optimistic about the results of the work." This alone should have piqued some interest. It's more than anything that Cannabix has stated so far.
If you want to see a buyout of $75 million or more, this SpinDx technology would have to prove itself in the field and start to produce revenue. My thinking was to get an investor on board before the technology is brought to market because they realize and see the potential before the mass market does. And we are at that point right now.
At some point a few years ago, there were articles explaining that the drug detection market would be worth billions worldwide. The first to breakthrough into this sector is going to easily be worth hundreds of millions. That should have the potential to at least garner some interest from outside investors who want to get involved early on.
If there is truth to the statement, "We are optimistic about the results of the work to date and expect market introduction later in 2022 with partners for field demonstration", then this would be a great time for a private equity buyout, merger, acquistion, etc. from a larger company/corportation.
With Lifeloc sitting right around a $10 Million market cap, it could be a good time for interested parties to look into a possible buyout before this technology gains traction and sales/revenues start flowing in. With a buyout price in the $25-$40 million dollar range it still values Lifeloc less than Cannabix and if the SpinDX technology is proven to work, it could be very lucrative for a partner or acquisition company to get involved early on before the technology proves itself.
Quick search leads to this - https://www.usbiotek.com
Does this company look like they would have a reason to go public and raise funding through a merger/reverse merger?
Found this bloomberg article today mentioning Lifeloc along with competitors Hound Labs and Cannabix:
https://www.bloomberg.com/news/newsletters/2022-01-24/marijuana-impairment-levels-targeted-with-new-tests
Companies have been trying to crack the stoned-test for a while. Hound Labs, which makes a marijuana breathalyzer, said in September it had raised $20 million to scale its product. Cannabix Technologies Inc. recently reported it had made headway creating a more portable device, while Lifeloc Technologies Inc. said it was finalizing the platform for a rapid marijuana breathalyzer that could be used for roadside testing.
Key takeaways from the annual report:
The Company plans to acquire an operating company via reverse merger in 2022. The operating company and terms of a transaction have not yet been determined.
Total number of shareholders of record: 121
Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ?
Bay Ventures Ltd owns 2,600,000,000, representing 42.6% of the issued and outstanding common shares. Current management has been unable to locate the names of any persons associated with the shareholder at any of the addresses previously listed with the Company.
Pras Holdings Ltd owns 2,600,000,000, representing 42.6% of the issued and outstanding common shares. Current management has been unable to locate the names of any persons associated with the shareholder at any of the addresses previously listed with the Company.
No mention of Krissa/Cooley anywhere in the documents.
Does anyone know what it takes to fix/lift the unsolicited quotes? Is this the responsibility of SSM? How soon can this be done and why hasn't it been done yet?
GMZP Annual Report out:
https://www.otcmarkets.com/otcapi/company/financial-report/317781/content
Completely agree. BLOZF/Cannabix still sports a $50 million market cap and that company has not shown us shit yet. Never had a dollar in revenue or sale of anything.
I don't know what it's going to take but we need to some changes being made here. Long term holders/investors should be rewarded.
Recent observations:
- We know that IFAN and FBCD have been absolute disasters
- We know that SSM sold/transferred these specific tickers to Krissa/Cooley
- We know that SSM has recently cut ties to Cooley/Krissa
- We know that traders/investors will not be going anywhere near any more Krissa/Cooley tickers and most people have included SSM in their decision to never buy another one of their custodial plays.
- We know that once the PAUL market maker decided to show up in FBCD and IFAN it was game over. If we see this market maker in any other custodial play, it should be a signal to get out. Has anyone ever seen the PAUL market maker on any other SSM ticker?
- We know the Accumulation/Distribution and money flows are still at highs for GMZP, TNBI and USCS. These are all SSM plays. FBCD and IFAN have not been anywhere near their highs in months. That should have been a clue also as we look back on how it all unfolded.
- We know that IFAN and FBCD were overcrowded trades. These tickers had thousands of shareholders (if not 10's of thousands) while the GMZP, TNBI, and USCS tickers only have a couple hundred at most and are barely talked about on twitter and fintwit. This is a good thing in my opinion.
Call me nuts or crazy but I beleive that one of these SSM custodianship plays is going to be explosive. Now that no one wants to participate, it's perfect timing to see one of these just go nuts and have a move similar to TSNP/HMBL from last year. Sometimes this is just how the market operates.
When a trade is too crowded and everyone thinks they will be millionaires, it never works out that way. Do you really think with thousands of shareholders holding IFAN and FBCD, it was going to make everyone rich and trade in the dollars?
I don't think that AVVH will be the ticker that produces this explosive move. That one just seems like it's also overcrowded. I think it comes from one of these smaller ones that is rarely talked about - GMZP, TNBI, AHFI, USCS, MDCE.
These may go lower as they are sympathy plays with FBCD/IFAN/Krisssa/Cooley and it may still take some time to play out and if I see market maker PAUL in any of these I'm out but I'm just throwing my thoughts out there and any opinions are welcome.
However, LCTC is currently trading at new highs for the Accumulation/Distribution and Money Flows. That's a pretty good sign that someone out there is accumulating shares.
And we are wound up tightly in this $2 range for the last six months. When it breaks in one direction or the other, we should see some nice movement.
I'd love to think that Wayne and the team are just "too busy" to be answering any emails or phone calls but I just don't see this as being the case.
Not one insider buy when we were sitting in the $1-$2 range last year tells me they don't have any interest in seeing higher share prices.
I really don't enjoy being a downer but if Lifeloc can't even get the RADAR device ready for sales orders (still showing coming soon on the website), I don't think the cannabis breathalyzer is going to be out any day soon. This managment team really needs to get their shit together.
Do you know why the OTC Markets website is showing the following message:
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Do you know what it will take to get this lifted?
GMZP looks like it's pink current with the transfer agent verified so not sure why this message appears.
Current thoughts on SSM tickers:
AVVH - Krissa/Cooley play that is still waiting on a PR update from the current CEO Sanchez. Cooley is still on as secretary. The outcome on this ticker still remains unknown. There is still no plan/roadmap after months of waiting.
FBCD - I believe this was sold/transferred To Cooley/Krissa and turned out to be a complete disaster. Could it be that SSM decided to pass this over to Krissa because they couldn’t get the share cancellation/reduction?
IFAN - This is a previous Cooley/Krissa ticker as it shows him as a former officer. Could it be that SSM decided to pass this one over to Krissa because it had debt associated with it and dilution that needed to occur?
AAPT - I believe this never had any association to Kissa/Cooley and it looks like a good merger with Kuora.
MDCE - Cooley is the current President, Treasurer, and secretary. There is some discussion that this ticker was sold to the merger company before taking on Cooley/Krissa. Theory is that Cooley was used to just take the DTC chill off.
NSPT - Sold/transferred to Frank from Alpharidge. Why was this transferred/sold to Frank instead of just dealing with Cooley again?
USCS - I believe this has no connection to Cooley and has Kareem from SSM as former CEO. Current CEO is Chi Wai Woo and it is expected to be a solid merger.
AHFI - Kareem Mansour (SSM) still remains CEO, President, Treasurer, and Secretary. No connection to Cooley.
TNBI - Kareem (SSM) still remains acting CFO with Steven Mills as acting CEO. No connection to krissa/Cooley
And that takes us to GMZP - No connection to krissa/Cooley. Kareem Mansour is current CEO, President, treasurer, and secretary.
I believe SSM decided to keep its best tickers and already has valid companies lined up to take them over.
At this point it only looks like AHFI and GMZP have Kareem as current CEO. There has to be a reason he did not transfer/sell these particular tickers to anyone else and kept them under the SSM umbrella.
Any other thoughts/opinions are welcome!
May the new year of 2022 bring some much needed changes to Lifeloc Technologies.
Let's see the true value of LCTC unlocked and share prices increase exponentially.
Happy new year!
Direct Reviews from the employees that work/worked at Lifeloc are not good at all and they all hint at management's inability:
Poor pay but colleagues are great, management not so much.
Company has interesting equipment but nothing outstanding. Same goes for the company itself. Because of poor wages, people are constantly leaving. For such a small company you would think it would have a more family appeal but quite the contrary. We used to joke that company is successful despite itself. Shame.
Poor management
Coworkers and supervisor were great, but poor handling of management and delegation of work made work constantly stressful, and made you feel like you had to compete with everyone to keep your job, and be better, rather than work together. Everyone watched everyone and reported the smallest mistakes, making trust an issue. Call the delve family oriented, but make you feel left out
Welcome to Middle School
OK enough place to work, have been at worse places but very cliquish. If you don't belong to a group then you are an outcast. When you try and show how a colleague is not performing, excuses are made, especially for the customer service team because they happen to belong to the right 'clique'. Some efforts are made in an attempt to show that you are valued team player but the pat on the back is quickly turned into a knife in the back if you don't suck up to management. Can be a very stressful place to work.
Your ideas don't matter
Worked there for 9+ years and never did I feel anything I said was ever taken seriously. Pay is horrendous, which is why they go through people like crazy, especially in customer service and shipping departments. If looking for a job where you are valued and want to be paid for what you are worth, this is not the place. If you need a job to pay some bills and don't care about advancement or growth, then working here is ok.
I am still here. And still frustrated with management - They purchased the RADAR device in 2017 and on the Lifeloc front page it still says "New Product Coming Soon — RADAR"
This should have taken them 10 months to roll out a new device. We are looking at over 4 years and we still have nothing that is prducing revenue. What in the hell where they doing during the slower Covid lockdown months? We still have no Spin DX device or marijuana breathalyzer and it's worse than pulling teeth trying to ask for an update.
The entire managment team needs to be completely replaced. Do you think anyone else would come in and do a worse job than the current team?
At one point I even volunteered to be their social media manager. How does a public company not even provide any updates to any of their accounts?
I got many of my friends/family involved into this company so I personally feel responsible for its outcome and I'm tired of this just waiting around. Changes need to happen.
WayneW@lifeloc.com
I wish you all the best and keep us updated if you hear anything back.
I may also try and touch base with him and see if he can provide any updates. We know stock incentives were to be given at the end of this year if certain milestones were made with the Spin DX technology and as usual we receive no updates.
Any insight as to why we have yet to see GMZP go current?
Have you been able to find a reason why the pink current status has been delayed?
Any thoughts/insight would be appreciated.
Thanks
The infrastructure package makes some moves to ensure that the vehicles that vulnerable road users might meet there will be at least a little safer for those around them, such as requiring automakers to:
Install still-to-be-determined impaired driving technology on all new cars, such as alcohol detection systems that use sensors to determine whether a driver is drunk and then prevent the vehicle from moving.
Lifeloc should really look into being the supplier/manufacturer of this alcohol detection impaired driving technology.
We still sit at a $10 million market cap while every single one of these reverse merger custodial shell companies have a market cap much higher than LCTC.
Can we please get some new management in place that actually cares about shareholder value.
One other observation:
There is discussion that Splendira (Domina - CastraixX) was the trader/investor that bought up the 23 million share block at $.02 on Sept. 21st in GMZP.
She was also the individual who purchased a 30 million share block at $.02 on TSNP/HMBL about a year ago before it went on its run to see highs of over $5.00/share.
There has been no confirmation/denial from Domina at this point.
Once again, just an interesting observation of a discussion on twitter.
There is some discussion on twitter about how the accumulation/distribution line on the GMZP chart is a nice steady climb higher.
Can anyone breifly summarize what this actually means?
Thanks
Are we waiting on a new/current attorney letter to also be filed by the GMZP attorney?
Is this the next step or can we get pink current before a new attorney letter?
Thanks!
Can you briefly explain what the filing of this most recent quarlterly report actually does?
Do you believe SSM already has a merger lined up and is just waiting for pink current or are they waiting for pink before they start to advertise/promote this custodian shell?
Also, I find it interesting that there are still only 121 total shareholders as compared to thousands in tickers FBCD and IFAN. Still very much under the radar.
I prefer that GMZP stay an SSM custodian play and not go into the hands of Cooley/Krissa.
I also like that these are being kept under the radar and not on many message boards/Twitter with everyone’s crap.
Just don’t even say anything until mergers are all set and ready to go.
MDCE will be interesting to see what comes into that shell and we can possibly gauge what GMZP will look like.
GMZP vs. MDCE comparison:
It appears that the MDCE shell has a merger agreement and are awaiting the removal of the DTC chill to move forward with a change of control.
GMZP and MDCE are very similar in price, market cap and outstanding shares.
The major difference is that GMZP has a NOL 6.5 times that of MDCE and GMZP still has Kareem Mansour at the CEO, President, Treasurer, Secretary while MDCE has Carey Cooley as the CEO, President, Treasurer, Secretary.
MDCE – with 2 billion share reduction, the total outstanding shares will be 959,575,220. Current market cap - $15,353,204. Carey Cooley CEO, President, Treasurer, Secretary. Accumulated Debt NOL $11,522,070
GMZP with 5.2 billion share reduction, the total outstanding shares will be 901,624,694. Current market cap - $14,245,670. Accumulated Debt NOL $72,235,171. Kareem N. Mansour CEO, President, Treasurer, Secretary
Let's see what the MDCE merger has in store and we can possibly use that for a similar comparison to what GMZP may have incoming.
Ok. That’s wonderful news.
So with the recent announced share reduction/cancellation, GMZP sits around a $13 million market cap and has the highest amount of NOL carry forward losses of any single custodial ticker that exists and can be used to offset 20 years forward and 2 years back.
Now is GMZP 100% still in the hands of Kareem Mansour (SSM) or was this handed off to krissa management (Carey Cooley)?
What do you believe will happen with this ticker?
Who do you prefer to take over ownership - Carey, Frank, Wong?