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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?
Question for the GZMP board:
We know that GMZP has a Net operating loss carry forward of $72,235,173.
I have researched all the SSM custodial tickers along with many of the other shell companies and GMZP has by far the largest NOL amount.
However, can anyone help me to explain what they mean when they say, "The Company experienced a change in control during the year, and therefore no more than an insignificant portion of this net operating allowance will ever be used against future taxable income.
They certainly make it sound like the NOL carry forward will not make that much of an impact on the incoming company. I'd love for this to not be the case, but can anyone in the know provide a good detailed explanation of exactly how this NOL is used by the merging company?
Do we know if Goldquest is able to utilize the AVVH NOL?
Thanks!
Something odd is happening with the trades today. Ihub, yahoo finance and Schwab have LCTC closing at $5.51 but the trades should have had us close at $4.00. And on top of that we have 2 after hour trades for at $4.20 that were reported late.
Something isn't matching up with this today. The report really should have given us a nice boost in price. Everything was solid in that 3rd quarter report yet we sold off to 3 month lows.
Directly from the quarterly report:
"We received the prototype in 2018 and are now commercializing the device with market introduction expected later in 2022."
-Commercialization is the process of bringing new products or services to market. The broader act of commercialization entails production, distribution, marketing, sales, customer support, and other key functions critical to achieving the commercial success of the new product or service.
This is the first time we have actual evidence of the SpinDx marijuana breathalyzer being produced and getting ready for commercialization by next year.
Good news!
This leads me to another frustrating factor due to the fact that we still have no idea how far or how close they are to completion. They are really good at leaving investors out of the loop. I will give them an A+ on that aspect.
However, if they expect to have revenue and sales by the end of next year, I believe they have to be close to completion of the device. It would still need to be tested, submitted, cleared, manufactured, marketed, etc. before sales can occur and if they believe they can have this done by this time next year that would be a great thing.
It’s still frustrating to me when they talk about adding employees and resources for the marijuana breathalyzer now when they should have been doing this years ago. What’s the purpose of waiting this long to allocate the resources needed to finish this project. They had to chance to be the first at the finish line. All during covid when it was slow they should have just concentrated on the completion of this.
“Additional personnel and new equipment resources have been committed to finalizing the development of the SpinDx™ technology platform and the rapid, quantitative marijuana breathalyzer using the SpinDx platform for detection.”
We have bumped up against this $5.30 area 10 times so far and have yet to break through.
It is of utmost importance that we break through this level tomorrow with some good volume so that we can begin another sustained move higher towards the end of the year.
Here's your most important line in the whole report:
"The next big milestone for Lifeloc will be completing the commercialization of the SpinDx platform – a major effort that will be prioritized over short-term profitability. We are hopeful that the SpinDx platform will begin making a revenue contribution by late 2022."
What I find interesting is that Lifleoc never announces third quarter earnings in October (It's always been mid November) and the volume and price movement today makes be believe someone knew something.
Solid report from what I have seen so far.
List of all SSM Monopoly Custodial Tickers in order of largest to smallest NOL - Accumulated Debt:
GMZP $72,235,171
AVVH $30,900,975
FBCD $27,795,316
AAPT $26,603,373
USCS $20,840,345
TNBI $12,233,505
MDCE $11,522,070
NSPT $10,007,718
IFAN $7,815,974
AHFI $64,111
GMZP has more than double the second closest NOL available for the incoming merging entity.
We know what AAPT is valued at with a $26 million NOL but all others we will just have to have some patience.
I am definitley curious to see if these merging entities will be valued in order of their corresponding NOL's.
Question for the board:
Can anyone comfirm that GMZP has the highest Accumulated Debt (NOL-Net Operating Loss - $72 Million) of any possible custodian/RM ticker - Not just from SSM but from all custodain candidates? I have yet to see any other company even close to $72 million and we know that AAPT with a $26 million NOL was merged into a $200 million company.
Can anyone confirm that GMZP is 100% debt free? One of the issues with IFAN and all this recent bickering is that it still contained debt on the books and in the recent filings. I'd prefer that GMZP is 100% clean and debt free.
If GMZP is indeed debt free, has the highest NOL of any custodial ticker, and can cancel the 5.2 billion shares, I have to believe we are going to get one of the best mergers/RM of the year.
It is vital that we hold this $5.00 support level and we really need to hear from management before the next quarterly report due in November.
We need to start another push higher and get some volume back in this ticker.
If we get an end of year catalyst I believe we can see double digits.
The entire public float of Lifeloc can be locked down for just $1.3 million.
There is no way any other publicly traded stock can have it's entire float bought up for less than $1.5 million.
Article mentions Lifeloc's current float at only 257,000.
I am assuming he pulled that from yahoo finance but at just 257,00 shares and an article that is exposing Lifeloc to reddit users, hopefully we get some momentum and volume back into this stock.
New Lifeloc blogpost/article mentions Reddit Penny Stocks with low floats:
https://investorplace.com/2021/09/7-reddit-penny-stocks-dazzling-investors-with-low-floats/
"The term “float” refers to the number of common shares issued to the public that are available for trading. A low float represents an equity unit with less supply than the average publicly traded company. So, when a catalyst appears in the headlines, it can potentially drive up shares, That makes penny stocks that fit into the category quite desirable."
Lifeloc Technologies (LCTC)
"One of the biggest challenges with penny stocks is that you often can’t have much confidence in the underlying business. Perhaps the company is on the up and up. Still, sometimes you can never know. However, with Lifeloc Technologies, you do have some reassurances that the organization you’re investing in helps make for safer roads.
Specializing in breath-alcohol testing devices, Lifeloc has powerful applications for law enforcement and more. Ever since the Covid-19 pandemic, the U.S. has seen a spike in fatal vehicular crashes. This sad trend has also continued into 2021, with some counties reporting a “disturbing increase” in deaths from driving under the influence.
So, anything that law enforcement can do to keep irresponsibility off the road is potentially lifesaving. Lifeloc is able to help address the problems resulting from increased drinking during the pandemic. All told, the company seems to be doing its part in directing troubled offenders to the assistance that they need.
As one of the low-float penny stocks, LCTC stock currently has a float of just 257,000 shares."
New employment positions being posted by Lifeloc:
They are looking for a Production and Technical Support Representative and an Electronics Technician.
https://www.linkedin.com/company/lifeloc-technologies/jobs/
It does appear that the momentum to the upside has fizzled and we are left with mostly selling pressure.
There are 2 simple reasons why we still believe that Lifeloc has the potential to be a monster runner and great investment:
1. Marijuana breathalyzer with the SpinDx technology to detect drugs of abuse. Even with a small 5-10% market penetration on this device, it would mean enormous revenue potential and future earnings growth. We know Lifeloc has provided incentives to the engineers to have this ready to go by end of the year. If Lifeloc can capture just a 5% market share of this multi-billion opportunity, it would mean big things.
2. Mandate in the infrastructure bill requiring an alcohol breath detection device to be installed in all new cars in the next couple years. Once again, even a small market penetration on this device would equate to enormous revenue potential. I could easily see how this mandate could morph into requiring a device that would test all drugs of abuse and this is where Lifeloc could really shine.
I personally would still like to see a new team in place to ensure these projects are completed in a timely manner.
We know that the total volume in Lifeloc over the last 2 weeks was over 130,000 shares. That would normally take Lifeloc over 2 years to create that much volume.
My hope is that we have finally cleared out the “seller” and all of the paper hand shareholders are gone and have been replaced by some diamond hand holders.
It would have been great to see Lifeloc trade above $10, but at least volume was solid throughout the week.
This upcoming week is going to tell us a lot about our near term direction. Keeping this increased volume is of utmost importance. We can not afford to see volume just dry up and die off. Anything above 10,000 shares on a daily basis would be great.
I believe the money morning crew has moved on from this pick so if we can continue to show increased volume to the upside it would be a good sign.
Any bit of help from management would be great to help keep us moving in the right direction.
If we can get another surge of volume to the tune of over 100,000 shares and the sellers have completed their sales, we should easily see double digits. I firmly believe if the selling had dried up and we can continue this volume, we will start to see really good gains in dollar increments.
For this upcoming week, Let’s see if we can get a nice bounce from these levels and continue to see some upward momentum that takes us into double digits.
Remember - we would be a $35 stock if we were valued comparatively to Cannabix (BLOZF). If we get any updates on the progress being made with the marijuana breathalyzer, we should see this target being met.
Found another blog post/article that mentions the infrastructure bill and Lifeloc as being a potential investment for subscribers:
https://optionpit.com/turmoil-in-the-swamp/
Breath Testing
The 2,700 page infrastructure bill would require automakers to equip all new vehicles with an advanced alcohol monitoring system. If someone blows .08 or higher, their car won’t start.
Lifeloc Technologies, Inc. (Ticker: LCTC) is a global leader in the development and manufacturing of breath alcohol and drug testing devices. The company survived the COVID downturn, effectively took PPP money to reduce structural costs and retain critical personnel, and is in a good position for future growth.
Great day here. Volume was still very good and the same pattern is still in place. Trade below the opening price, trade above previous highs and close somewhere right in the middle. I would be more than thrilled if LCTC continued that same pattern indefinitely.
Very encouraging day today!
Found a company called LifeSafer that makes Ignition Interlock devices and could be a great buyout/merger target for Lifeloc.
https://www.lifesafer.com/
"An ignition interlock device (IID) is a small handheld car breathalyzer device and measures the amount of alcohol in the user’s breath. Installing one is a common requirement following a drunk driving offense (DUI, DWI, DUI, OWI, or OVI).
In simplest terms, an interlock device is an in-car breathalyzer that prevents a user from starting a vehicle until a breath alcohol test is taken. An ignition interlock device is a proper term for devices sometimes referred to as “in-car breathalyzer” or “car interlock” or “blow and go”. LifeSafer is the premier provider of all these systems at low cost in almost 2,000 convenient locations, one that is likely near you."
When Lifeloc first became a public company in 2012, it had a public float of only 164,867 shares and a total outstanding share count of 2,422,416.
In 9 years, They have only added a grand total of 31,700 shares to the OS and these were to directors which made them restricted shares.
As far as I know, Former CEO Barry Knott (who owned 109,625 shares), Gurumurthi Ravishankar (who owned 10,000 shares), and Kristy LaRose (7,500 shares) and are no longer associated with Lifeloc and therefore would be added to the original public float number of 164,867.
Therefore, I believe a more accurate float for Lifeloc is 291,992.
Last week we traded about 30% of the float. Hopefully these shares went into stronger Diamond Hand investors.
What we really need to see is increased volume again going into this week.
For the love of Lifeloc, let's keep this thing moving!
For 4 days in a row, Lifeloc has traded in a similar pattern:
There's been a run up above the previous close, a sell off below the opening price and a close somewhere right in the middle of the highs and lows for the day.
I'm not saying it actually means anything but I would be more than happy with this pattern repeating itself into next week.
If this pattern were to repeat itself on Monday we would have to see LCTC trade at a price higher than $9.80 which was the high on Friday.
Here's a blog post from back when LCTC first became a publicly traded company but the info is still very much relevant:
https://promotionstocksecrets.com/lifeloc-technologies-inc-lctc-low-float-pot-ticker/
Certainly not just a mom and pop shop but I still wish we had a more capable management team running things.
Lifeloc is officially on the Ihub Ticker Buzz Cloud and the recently active boards and I can't say that I have ever seen that happen before.
Hopefully that's a sign of things to come.
Yes. Garrett seems to be on our side and we have never seen this from an organization or public figure. And Money Morning looks like a legit solid team.
This is a breakthrough for us. There has only ever been the four of us cheerleading this thing but now we have a seasoned veteran that is participating in our conquest and we should really take advantage of this.
I will work on some emails tomorrow and maybe you can also put together something that shows him we are all on the same team here and point out some things that he may not know so he can share some new info with his subscribers.
You have to understand that for an OTC (Penny Stock) company, Lifeloc is in the top 1% for profitability and non-dilution.
Most OTC companies operate on complete bullshit and hype. Kal Malhi from Cannabix (BLOZF) is an absolute master bullshitter and hype artist. He is able with 1 PR to have BLOZF gain in one day the entire market cap of Lifeloc. And he is able to do this time after time with each new Press Release.
When you say "I don't feel like the stock price is going to get any momentum" - well what happened last week was the definition of momentum. We traded over 100% higher on explosive volume. Maybe you mean sustained momentum which is something we have not seen in a long time.
It is of utmost importance that we continue to get volume going into next week and even next month. We have seen too many times that when volume dries up, we trade right back down and are unable to sustain these higher prices. That's why we tried to come up with a plan to keep this momentum moving in the right direction going into next week.
On the subject of social media, Lifeloc gets an F. No one here should give a grade of anything higher than an F.
I find it hard to imagine that any other profitable company is doing a worse job on social media than Lifeloc. They do not take advantage of social media at all and they are mostly a sales company. Sales companies thrive on social media exposure. It's free and can reach a massive worldwide audience. I offered to donate my time, energy, and effort for free to help ramp up their social media efforts to no avail.
That's why I have been pushing for new management to get in here and makes some positive changes for the better.
Let me try to address some things that you have questions for:
Do I currently have any sell limit orders - NO.
I can promise you that myself, Energy Manager, PotsandPans420 and MJStockTraderMD do not have any sell orders in LCTC at these current levels. We have been patiently waiting years for a move like this to finally break out of this $2 range that we have been stuck in. We all believe that Lifeloc should at least be valued to the equivalent of its competitors (BLOZF and SOBR). These companies have market caps of approx. $80 million and have no sales or revenues and have accumulated massive amounts of debt. What they do have is a management team that cares about shareholder value and use PR's/news releases and social media to their advantage. I firmly believe if Kal Malhi (the current CEO of Cannabix (BLOZF) was the CEO of Lifeloc he would have this stock trading over $100/share.
So if Lifeloc had just the equivalent valuation to that of BLOZF and SOBR at $80 million, that would put us right around $32-$33/share. $80,000,000/2,454,116 outstanding shares. We all firmly believe that Lifeloc deserves to have a premium to these competitors because it's already profitable, has decades of sales and revenue, does not dilute shareholders and has no debt.
In my own personal opinion, I believe we have had a seller continue to hold this stock down for years. There is an actual Ihub post from a member explaining how he/she had over 100,000 shares to dump on the open market. I have no idea if there is any truth to this but I can read the tape and know that there has been a constant barrage of selling pressure whenever the stock seems to gain momentum.
I also firmly believe that if we did not have this selling pressure last week, with 80,000 shares coming in on the buy side, we could have possibly seen new highs. If the float was locked and 80,000 new shares are coming in on the buy side with minimal selling pressure, we would have witnessed an absolute explosive move higher. 100's if not 1,000's of percent higher.
That’s exactly what a market maker is for. Every stock has to make a market on the bid and ask side so investors/traders have prices to buy and sell at.
If I owned the entire float - in theory - I would be able to make the market in LCTC. If I believed Lifeloc was worth at least $50/share, that’s where I may place my first sell order. Only the market maker would have shares to sell below $50 and any new investors would either have to place a bid or take shares on the offer.
With 80,000 shares traded last week, if the float were actually locked down we would have exploded much higher. There was obviously still some selling pressure but for the first time in a while the buyers had absorbed all those shares. For three years we had a seller knock the price right back down as soon as it traded higher. Last week had a different energy in Lifeloc and I have to believe the selling pressure is almost done at this point.
Here's a possible theory that I have been thinking:
Money Morning is trying to sell subscriptions to their service and just hosted their first live event on Thursday night to build a following.
From the website:
Money Morning's track record is impeccable.
The companies we've shared with our readers have climbed 146% in seven months, 161% in 12 months, and 288% in 10 months... and our longer plays have risen more than 600% and even 1,300%!
And now, you'll get recommendations like these sent right to you every morning.
With your Money Morning membership, you'll always have a guide to making money. Our experts have over 400 years of combined experience, and the moment any one of them sees a new opportunity or a stock falls out of their favor, you'll be the first to know.
Just keep your eyes on your inbox for our daily messages on how you can make investing profitable.
And congratulations on starting your journey to wealth. We're glad to have you with us.
My thoughts are if they are able to produce a monster winner with LCTC for their potential subscribers, they will not only gain new subscribers, but be able to tout that their latest pick ran 200%, 500%, 1,500% or whatever it's going to be. Of course they want to be able to say, "Our latest pick climbed over 1,000% in less than 2 months"
Energy manager - If you can find some time, do you think you would be able to summarize the Lifeloc patent “METHOD AND SYSTEM FOR IMPAIRED DRIVING DETECTION, MONITORING AND ACCIDENT PREVENTION WITH DRIVING HABITS” and put it in laymen’s terms and I will post a summary on Reddit and share with social media.
We could/should also contact Garrett and see if he is aware of this patent and also find out if he was aware of how low the public float of Lifeloc really is.
We finally have a public figure who is on our side with this company and we should use it to our advantage to educate him even further.
I have to agree technicals looks great. We broke out of a 3 year consolidation pattern on great volume.
My only issue is having faith with the current management.
Keep in mind this move is not from anything management did or said. This is momentum as you know is from a mandate found in the infrastructure bill and an article from Garrett at money morning explaining the potential for breathalyzer companies - specifically Lifeloc.
If I had absolute trust in the current management/CEO of Lifeloc, I would do whatever it takes and lock down the entire float myself.
If I see news of an acquisition/merger/buy out that would bring in new energy and a new team I would be all in and take down the rest of the available float myself.
If you think management is doing the best job they can, that’s great but I don’t see it. A knowledgeable and hard working team I have no doubt would create potential for a Taser like move here but changes would have to be made - Just my opinion
So we know that there are 365,900 unrestricted shares in Lifeloc.
According to OTCMarkets, there are 282,831 shares held at DTC.
If we assume half of the shares held at DTC are long term investors who are not selling (Like us) then that leaves us with at most 224,000 shares.
Questions is: Can we find someone with approx $1.7 million that is willing to lock up the rest of the LCTC public shares so the float can be locked down?
If the public float can make its way to "diamond hand" shareholders - game over.
Here's a link to the 2021 Lifeloc Annual Shareholders Meeting Presentation:
https://lifeloc.com/pub/media/pdf/shareholderMeeting2021.pdf
Ok. So here's a couple ideas for this weekend:
We should get a couple things up on the redditt forums and trade groups.
We can try and get LCTC on the breakout boards on Ihub. I think it will take about 20 posts in a day to break into the top 50.
We can each email lifeloc corporate at corporateinfo@lifeloc.com with our own personal requests/questions.
We can try and email Garrett from Money morning and see what his short and long term plans are for Lifeloc.
Feel free to share any other ideas so we can keep this momentum into next week.
Highest volume ever recorded and highest close in over 3 years.
This was easily the best week Lifeloc has had since 2014.
Closed above major resistance areas and broke out of a 2 year consolidation pattern.
It is an absolute must that the volume continues. And for the volume to continue we are going to need new investors and/or catalysts.
Let’s keep up the momentum going into next week!
Would y'all prefer to see Lifeloc grow organically and just do its thing on its own pace or should we hit the social media hard this weekend and see if that brings in new interest into next week?
Setting up for another record volume day. That's 80,000 shares this week. That would normally take years to amass. Believe it or not that's only about $400,000 total trading dollar volume. Could you imagine if we got some serious volume coming into this thing.
Let's get a strong power hour and see this get above $10 by the close!