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I believe we will have the earnings release either today or within the next couple days. I really, really would like to see something that gives investors some hope/promise for the near future.
Lifeloc has been completely silent since November and we could really use a glimmer of hope for the future of this company.
Great post. I am in agreement with everything including putting some shares into a Roth IRA for the long haul.
My only issue is we didn't even get a small run in this when everything (and I mean everything) else had some type of movement higher.
We would almost be better off if we didn't have revenues or a working phone number.
This should have participated with the overall run higher across the board.
GTSM is a relatively new market maker in LCTC that I have only seen recently. Looks like they handle many of the big names on the NYSE:
https://gtsx.com/gts-welcomes-pinterest/
"GTS is Honored to be Designated Market Maker to Many of the World’s Greatest Companies"
"GTS is the largest Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $12.5 trillion of market capitalization."
It's rare to see a spread that is this close in LCTC with good size on the bid and offer.
Could this just be a coincidence or do you think there is anything more to the new GTSM market maker?
I ran some stock screeners and here's what I found:
There are about 16,800 US publicly traded stocks on all US exchanges (NYSE, Nasdaq, AMEX, OTCBB, and pink sheets).
There are only 40 stocks/companies with floats under 1 million.
According to lowfloat.com Lifeloc is at #14 on the list for lowest floats on all exchanges. MDLY and OSCI have floats that are reported wrong so that takes LCTC to #12.
Mark Lary's shares are included in the current reported float of 370,000 and I believe his shares are still restricted so these should be subtracted and put the reported float around 320,000.
The bottom line is that ticker symbol LCTC is the eleventh lowest float in the entire US publicly traded market of over 16,800 companies.
If we get any good news from Lifeloc in regards to the marijuana breathalyzer or a group or twitter user decides to pick this up, we should see some magic happen.
$5.00 is a very key level. We need to push past this at all costs and keep the momentum going.
Everyone is looking for the next big mover but volume, momentum, and higher stock prices are absolutely key and lead to more volume, momentum and higher stock prices which creates the big moves.
We have to keep this going. The time is now. It's go time in this thing.
Reddit can and should be used to build momentum but I feel like we should get through this $5.00 level first. It looks like 4,000 shares are there on the offer and I will be good to take out a couple hundred but we may need recruits to get past this level.
Can anyone else be counted on to take out some shares from the offer at $5.00? This is a level that we must get through as soon as possible. Every other stock in the cannabis sector is absolutely on fire and this is our time.
As a side note: As you know @SuperDuperInvst mentioned that he will have a new stock pick coming soon:
"I think it could easily double or triple in 2021 imo.
It is NOT a penny stock.
Still doing DD on it to confirm many details. Stay tuned!"
There are hundreds of companies this could be and I am not saying that he is going to pick Lifeloc but I do think there's a possibility. With the volume today and the fact that you have messaged him and pointed it out recently at least puts it on the radar.
Cannabis/Marijuana sector continues to float higher after hours and if you look at all the publicly traded companies/stocks that have stated they are working on a marijuana breathalyzer you see explosive moves higher (BLOZF, VNTH, and BICB).
BLOZF we know is about 5 times off its lows, VNTH is about 7 times off its lows and BICB is about 4 x off its lows.
VNTH and BICB don't even have working phone numbers. These are lottery tickets and yet they are still moving more than Lifeloc.
Dear Lifeloc - it's time for you to get moving and play some catch up.
Something has to create the spark that fuels this thing higher.
We know that Lifeloc lags the entire industry and right about now is when it should start moving.
Let's see what happens if we approach this from a different direction.
It was brought to my attention that ticker symbol TSNP has gone from trading .0001 in October to a current price of $1.71. Anything is possible in this market right now and we should do whatever we have in our power to create higher stock prices in Lifeloc.
I'd like to propose an experiment of sorts that uses collective manifestation/intention with the goal of attaining higher stock prices in LCTC.
As a group, we should visualize higher stock prices for Lifeloc and recreate what it would feel like when LCTC trades to new all time highs above $50/share.
We could even plan a get together and figure out where we would like to meet up. It signals to the universe that we are already mapping out what we would like to do after we trade to new highs and celebrates the victory in Lifeloc stock.
We should also give thanks in advance for Lifeloc trading at fresh new all time highs. Gratitude is an important component in manifestation and it doesn't take much to do.
I welcome any and all opinions and if you have any suggestions for what we can do to attain higher stock prices in LCTC. We are in a once in a lifetime market and it's time to strike while the iron is hot.
Thanks for your time and if your up for it, let's see what we can do as a group with our power of manifestation.
Volume is the key right now. They are moving anything and everything in this current market. We are in the sweet spot but we just need to get some attention and increased volume. Traders/investors are chasing anything that has a pulse and is moving.
We could really use a push through the $4.00 level and work our way up to $5.00. Above that, it could be some clear sailing.
Every other thing in this market is moving. Companies that don't even have a working phone number are up 1,000's of percent.
We have to find a way to get this thing moving!
Twitter link to Matt Clark is here:
https://twitter.com/matthewclark76
I would also send him a direct email to feedback@moneyandmarkets.com and explain a couple of the big differences between the two companies.
Key take-aways from the article/video - Buyer Beware: THC Breathalyzer Won’t Save Cannabix’s Stock
https://moneyandmarkets.com/cannabix-stock-thc-breathalyzer/
Most of the investing community doesn't even know Lifeloc is a publicly traded company also working on the worlds first cannabis/marijuana breathalyzer as evidenced by the question - "I couldn’t find any other publicly-traded company that makes a THC breathalyzer, and with more states legalizing for recreational use, think this might be a good long-term option?"
Most are also not aware that Lifeloc was granted a drug detection patent similar to Cannabix's patent which caused it to trade 600% higher.
"Cannabix doesn’t have any cash flow because it hasn’t really sold anything yet." This is certainly not the case with Lifeloc. LCTC has had annual revenues between $7-$10 for many years.
Matt Clark is not aware of Lifeloc, it's revenue, patents, breathalyzer business, etc. This is his job - to profile various public companies and provide investors with advice and opinions.
Feedback@moneyandmarkets.com is his email and it would be great if a couple of us could email him and see if he would be willing to do a profile video similar to the one he just made on Cannabix. Explain to him that Cannabix is not the only publicly traded company working on a marijuana breathalyzer and do your best to point out that they are in a better position than Cannabix for manufacturing, sales, distributuion, etc. and yet they are worth over 20 times less.
What gets me intrigued and excited is what occurred today in OBMP.
SuperDuper Investor from Twitter alerted this stock to his 40,000 or so followers and it proceeded to trade 2,000% higher and closed the day up 1,278%.
Part of the reason it was able to move so easily was its low float of around 850,000 shares and it had a good story that he shared with his followers. It almost turned over its entire float in just the last half hour of trading.
Is it possible for LCTC to have a similar scenario? Sure it is. Completion of the world's first marijuana breathalyzer is a great story that can create excitement.
It's a perfect example of how it takes just one individual or influencer that has a following to create a monster move higher. If Lifeloc were to ever trade it's float in a day, it would easily reach new highs.
4th quarter earnings and annual report usually come out during the middle of March.
Lifeloc has had outside interest in the marijuana breathalyzer for years which is why they really should have made this priority. If you recall they had a grant from Colorado back in 2014. Lifeloc has been working on this for at least 7 years. (Or at least they should have been).
I'm personally not expecting much from the last quarter 2020 earnings. I would put an earnings estimate at negative $.04-$08/share. If they can have a positive earnings quarter, I'd consider that a huge win. I just don't see any changes being made that would leave me to believe this will be back to cash flow positive.
We are due for an update on the progress being made on the marijuana breathalyzer. For sure - but I'm not holding my breath. According to their website they don't even have the RADAR device available yet (https://lifeloc.com/). What in the world are they doing over there if the RADAR device isn't even available yet? 3 years and counting for that product to be introduced to the market is just too long.
Strong move in Cannabis/Marijuana stocks across the board.
GWPH was bought out by Jazz for a nice premium and I think we will start to see more mergers and acquisitions in the space.
Lifeloc really needs to trade past this 2 year consolidation zone between $4.00 - $6.00/share.
Let's see what we can do to get some upward momentum and get this stock out of it's rut and trading higher.
Sell stop orders should not be used in this stock. The market makers will take those shares every time. That is what appears to have happened today. Someone had a sell stop below the market that got triggered and filled at $2.75. If they see a sell stop order, they will go after it every time. Just a heads up for future reference.
Volume and consistency is the key just like it was in GME and all the other heavily shorted names. Gamestop traded close to $200 Billion in dollar value for 3 days straight.
$20,000 in Lifeloc would get us moving. If we could somehow get that volume for a couple days in a row, it would be a great start.
The marijuana breathalyzer clearing the air for employers.
https://www.theamericanreporter.com/the-marijuana-breathalyzer-clearing-the-air-for-employers/
"Having the capability to detect current impairment at the moment the test is given will solve many issues employers currently face. Moreover, there will be no way that an employee can argue the fact."
Lifeloc does not specifically get mentioned in this article but it seems like the consensus is someone will have a marijuana breathalyzer out by the end of the year.
It would be great if Lifeloc could realize now is the time to go all in and get it done.
I tried my best to update the Intro Message board for Lifeloc but feel free to add any relevant info that you think would be helpful for new investors.
Looks like we are approaching a triple top here at $3.50. After that level, next resistance is at $4.00. Above that is $5.00 and then some major resistance at $6.00.
Good to see some volume continue and mostly buy orders.
This really isn't surprising to me. It's been that way for over 2 years.
However, I would like to try a new approach - Instead of being all moody and complaining about this particular seller, maybe we should be grateful and love that fact that he/she is providing us shares at these unbelievably low prices. They are providing anyone who wants shares with the opportunity to purchase them at great prices. Does anyone disagree with this line of thinking?
I am convinced that once this seller completes his share sale, we will see Lifeloc at its proper valuation. If we can get a couple days of really high volume and clear him/her out, that's the best we can ask for right now.
So here's to the seller that is providing us all the shares we could ask for at rock bottom prices. Cheers to you good sir!
As far as I'm concerned this board has provided all available information on the company Lifeloc Technologies. There really isn't much more we can say that isn't already posted here. There is more information here than what most Lifeloc employees are even aware of.
The next step is what your doing - to spread the word and reach the social media outlets. I would also like to thank you for your efforts in this area and providing the spark to bring attention to this company.
I believe a couple things need to happen for this stock to move higher and properly be valued.
-We need a break from the selling pressure. It would be great to see this long term seller finish up or at least give us a break from the constant shares for sale.
-Insiders/Management should be buying at these prices. If they know that the marijuana breathalyzer is on pace for completion by the end of the year, we should see some insider buying and this has yet to occur.
-Increased investor awareness. It doesn't take much to move this thing if we can clear out the seller. Dollar volume traded has never been above $50,000. If we could get a day or two where dollar volume traded is above $100,000 we would see some fireworks.
-News/Updates/Pr's from the company. How can you operate a company that has no concern for shareholder value? Investor awareness needs to increase with help from management.
Here's some basic info on the SpinDx platform and what we know about Lifeloc's partnership with Sandia Corporation:
https://federallabs.org/successes/success-stories/sandia-scientist-ventures-out-to-the-public-sector-lab-on-a-disk
http://198.102.153.153/research/research_foundations/bioscience/_assets/documents/Fact_Sheets/spindx-factsheet-portable-immunoassay_20151.pdf
Sandia National Laboratories is operated and managed by National Technology and Engineering Solutions of Sandia, LLC., a wholly owned subsidiary of Honeywell International, Inc. Honeywell is a big boy and has revenue over $36 Billion/year
Sandia National Laboratories has an annual budget of $3.6 Billion
The inventors of the SpinDx platform are licensing the technology to several companies that are developing its use for point-of-care diagnostics testing, water pathogen testing, and other applications.
This is where Lifeloc comes in. They are using the SpinDx platform, in combination with the LX9 base breathalyzer platform to create a device for drug detection.
4 years ago Lifeloc acquired the exclusive rights to develop, manufacture and market Sandia's patented SpinDx™ technology for the detection of drugs of abuse.
They received the prototype almost 3 years ago and have been working to commercialize the device.
They have detected delta-9-THC (the primary psychoactive component of marijuana) down to concentrations of 5 nanograms per milliliter in their laboratory.
Lifloc added staff in early 2020 to help with the development of the SpinDx platform.
They are attempting to introduce the marijuana breathalyzer and drug detection device by the end of this year.
Agreed. Distribution networks, manufacturing facilities, and sales teams are already in place. All of which Cannabix has yet to accomplish.
What we should be seeing is Lifeloc valued at 26 x that of Cannabix.
Could you imagine what Kal from Cannabix would do if he was at the helm of Lifeloc? It would be $200-$500/share.
Welcome to the Lifeloc board and feel free to use and share any of the stock information that you find here. There's good information on the public stock float and comparisons to Cannabix.
You have my support on any social media outlet that you would like to use to distribute information on this company and I will do my best to back you up on those platforms. The time is now for the distribution of information on Lifeloc.
At some point, Lifeloc will play catch up to Cannabix but I believe a seller has been holding this stock price down for over 2 years and looks like they have more shares to go. Do you have any opinion on that as you have probably been watching this stock trade for over a year.
I also believe we have the potential to see an amazing year for Lifeloc. We are in a sweet spot for investors/traders looking for the next multi-bagger opportunity. The low float of Lifeloc can be very attractive for a group targeting big gains in a short amount of time. However, I am not thrilled with management and would like to see changes being made across the board.
I wouldn't hold your breath on hearing from the company very soon. This is why I am advocating for change. We just don't have a competent team in place. They have run this stock into the ground and we sit here trading near all time lows. No other US publicly traded stock is still at or near all time lows in this current market environment. Almost every single other public company has made a move except for this one. That's a good thing for investors who still want to get in but not so great for current investors. There is no one who can possibly be profitable or up in this stock. That's sad.
I also believe we have a shot of seeing triple digits in this name. A float lock down scenario could see this thing mimic the move in GME.
Let's see if we can get some attention this week and build some momentum.
Quick comparison of Cannabix and Lifeloc:
Cannabix has a current market cap of approx. $197 Million (110,124,104 shares outstanding x current price $1.79/share)
Lifeloc has a current market cap of approx. $7.3 Million (2,454,116 shares outstanding x current price $3.00/share)
The market values Cannabix at over 26 times that of Lifeloc.
They both have a Drug Detection Device patent as shown here:
Cannabix - https://brevets-patents.ic.gc.ca/opic-cipo/cpd/eng/patent/2887841/summary.html
Lifeloc - https://uspto.report/patent/app/20160061807
I have always been of the opinion that Lifeloc deserves to have a value (market cap) of at least 2 x that of Cannabix.
As of Friday Cannabix is worth over 26 x that of Lifeloc and I find this absurd. They both have Drug Detection patents and they both are targeting an end of year roll out for their respective marijuana breathalyzers.
Even if Lifeloc were to just be valued at the same valuation as Cannabix, LCTC would trade at $80/share. If Lifeloc were to be valued at twice that of Cannabix (where I believe it would be fairly valued) it would trade at $160/share.
Some may think these numbers are wildly unattainable but if we had the right management team in place, we could easily see these stock prices.
At these prices, keep in mind that it only takes about $35,000 to have an all time record high volume day in Lifeloc. I don't think any other publicly traded stock can even come close to that figure.
I would like to see a couple days in the near future where we trade at volumes over 10,000 shares with dollar amount traded in the $50,000-$100,000 range. It would help clear out this seller and bring in renewed interest. It really doesn't take a lot to get this thing moving. One You-Tuber can take down this whole float in less than a week.
Lifeloc management really needs to step up to the table and make this a priority. They should have already been in contact with governmental agencies.
I have always been of the opinion that when one has a multi-Billion dollar opportunity, you don't rest until it's finished. 24/7/365. Take all the rest you want when it's finished.
Someone needs to tell Dr. Wilkomm to shit or get off the pot and let someone else get it done. If your not willing to put in the effort on a continual basis, step aside and let someone who has the drive to get in there and make it happen.
Here's the email for the CEO Dr. Wilkomm - waynew@lifeloc.com
And the link to contact investor relations - https://lifeloc.com/investorcontact
My last 4 emails have not been responded to and it might be time for someone else to stir up the pot over there.
You should understand that we have been waiting years for this stock to make a move so if you don't have the patience and are going to complain about it not moving, then I wouldn't even get involved.
We think that it may be a sweet spot for the company because of other high short interest/low float names being targeting by Reddit groups/Robinhood traders/You Tubers, etc. Lifeloc is also in a sector that will be hot for the foreseeable future and it's main competitor has seen a jump of over 500% recently and we feel Lifeloc could play some catchup to Cannabix.
Lifeloc is certainly not a heavily shorted stock - we are on the record saying that. However, LCTC does have one on the lowest public stock floats in all of the land. It could easily create a float lock down scenario if a trading group or even just 1 high net worth individual wanted to target it as a play.
If you are trading/investing at a brokerage firm with no trading fees then I would stagger my purchases. You could take a small starter position at the current ask of $3.00. It could be just 10 shares. Place a good till cancelled buy order down at around $2.50 and another GTC order at around $2.10 and maybe even an order in the high $1.00 range.
It would also help to share some of the info posted on this board to garner more interest. Each of us should think of ways to build some investor interest and get some momentum in this thing.
Extensive Float Research - Please read and provide opinions/feedback:
These numbers are based on the following 2 SEC reports filed by Lifeloc:
http://filings.irdirect.net/data/1493137/000107997311000259/lifeloc_1012g.pdf
https://sec.report/Document/0001079973-20-000252/
The following list contains individuals who have positions in Lifeloc stock but are not included in the security ownership and management share count as they are no longer associated with the company:
G. Ravishankar
1/2013 Acquired 3,333 common stock $1.52
10/2013 Acquired 23,500 stock options $2.32
2/2013 Acquired 6,667 common stock $1.52
Total shares owned by G. Ravishankar is 33,500
Kristie LaRose
5/2011 owned 7,500
10/2013 Acquired 10,000 stock options $2.32 (expired)
3/2020 Acquired 7,500 stock options $3.80
Total shares owned by Kristie LaRose is 15,000
Mark Lary
5/2011 owned 50,000 direct shares
Total shares owned by Mark Lary is 50,000
Alan C Castrodale Passed away in 2011
5/2011 Direct ownership of 50,000 shares
Total shares owned by Alan Castrodale's family/trust is 50,000
Robert H Summers
5/2011 Direct ownership of 11,500 shares
Barry Knott
5/2011 owned 64,125 direct shares
12/2011 Acquired 20,000 stock options $3.69
10/2013 Acquired 25,500 stock options $2.32
Total shares owned by former CEO Barry Knott is 109,625
We know that the total shares outstanding are 2,454,116
Vern Kornelsen
5/2011 Indirect owned 1,855,319 EDCO partners
5/2011 directly owned 34,126
3,000 owned indirectly by Spouse
Vern Kornelsen owns a total of 1,889,445
Robert Greenlee owns 184,979 shares and has direct ownership of 1,000 option shares at #3.80
Donald Siecke owns shares that are held by EDCO partners and are included in Vern Kornelsen's total. He also has direct ownership of 1,000 option shares $3.80
As of the most recent SEC report, a total of 2,081,924 shares are owned by insiders and management.
That's how we get a reported float of 372,192 shares. (Total outstanding shares of 2,454,116 minus 2,081,924 = 372,192)
However, according to Linkedin, Mark Lary is still a director of Regulatory affairs at Lifeloc and his shares (50,000) should be not be included in the total available float.
Kristie LaRose, who is no longer employed by Lifeloc has 15,000 shares that needs to be added to the total available float number.
I am not sure if Alan Catrodale's shares are restricted after his passing or if they are now part of the float. Let's assume the shares went to his family/trust fund and are not restricted. Otherwise we would take these 50,000 shares away from the reported float.
I could not find any info on Robert H Summers so let's assume these 11,500 shares are now part of the float.
Former CEO Barry Knott has 109,625 shares that are included in the total float. He owns about 1/3 of the total float available.
I firmly believe that Madison1063 is former CEO Barry Knott and has been selling his shares for the last 2 years. He has explained that he unfortunately owns north of 100 k shares and has stated "Knowing more than a bit about this business, . . . "
It is not possible for anyone besides Mr. Knott to own north of 100,000 shares in this company/stock. Game, check, match. Barry Knott/Madison1063 has been single handedly holding this stock down through his relentless selling.
Other sellers could include G. Ravishankar who owns 33,500 shares, Kristie LaRose, Alan Castrodale's trust fund, and/or Robert Summers.
If we take the current management ownership of 2,081,924 shares and add it to the total shares owned by previous directors/employers/management (269,625) we get a total of 2,351,549 shares.
Now if we take total shares outstanding (2,454,116) minus total shares owned by current and former Lifeloc employees/directors (2,351,549) we get a grand total of 102,567 shares that can be purchased by outside traders/investors. That is astounding. The true float available for public purchase sits around 100,000 shares.
All comments are welcome!
Chuck Schumer & Al Harrington talk NEW Federal Cannabis Legalization Bill:
This week, we saw the addition of a twitter user named Mark Davis@MJSTOCKTRADER and a new ihub poster. These are small but good signs that we are gaining momentum. Both usernames on the twitter and ihub platform were created this week. They are not names that have been on these forums for longer than a couple days. I'm not sure what to make of that.
If this is the same Marc Davis of Capital Markets Media, (https://www.linkedin.com/in/marc-davis-ba4644174/?originalSubdomain=ca), then we have a well respected gentlemen on our side who has connections in the industry. That would be amazing. I don't know if he will continue making twitter posts next week or what his purpose is but it's a good start. He was making points that reminded me of what we have posted on this Ihub page which has me intrigued.
I think we are in a sweet spot and should push forward with whatever we can think of to build momentum.
These are very good points. Can I add these to the Ihub intro section for Lifeloc? That's been in need of an upgrade for a while now and we should gather all the available info we have for Lifeloc and get it up there and continue to share it on other forums.
Cannabix has a current market cap of right under $200 Million if you count the 5 million shares added for the patent approval.
Lifeloc sits at a market cap of $7,362,348.
Cannabix is valued at 26.7 times that of Lifeloc. In no way, shape or form should this be the case. This is the highest it has ever been.
4-5 years ago these stocks were trading in tandem with each other.
I believe the only reason we are not higher in price is because we have a seller that has held this stock down and we are not seeing the true value of LCTC.
The good thing is that once we are free of these shares for sale, we could see an explosive move higher.
Lifeloc could easily see new highs and get caught up to the value of Cannabix.
What we don't know is how many more shares there are that need to get sold. What we do know is that the float is very low and this can't go on forever.
All it would take is for someone to say, I will take down the whole float at these price levels and we could finally make a move to where we deserve to be.
"LifeLoc needs PR" - Yep. Agreed. I have been pleading with management to promote the stock by issuing more news releases and PR's. They could also easily hire a PR firm to distribute information on their company.
Someone should contact the company to advise them to start doing some PR on news channels or something to advertise the THC breathalyzer - Yep. Agreed. Current management does seem to care about shareholder value or promoting their company. I've been an advocate of making changes in management for months. A new CEO with some drive and motivation would do wonders for this company and its stock.
It is ridiculous how little trading volume this stock has - Yep. Agreed. I believe this stock has been held back by a seller for close to 2 years now. Every single time we have seen it gain momentum, a seller comes in and halts any move higher. This stock has been flat for almost 3 years now and a flat stock without news is tough to get volume in.
All they need to do is hype up the stock like Blozf! Yep. Agreed. If Lifloc had Kal from Cannabix as it's CEO I believe it would be trading above $100/share. No doubt.
When a stock doesn't move, no one cares about it. That's where we are today. But we are in a sweet spot with the timing right now. We are in a hot sector that will stay hot for the foreseeable future and if we could get some momentum, we have a float that is small enough for a group to lock down the float and possibly see a move similar to GME.
Additional stock get issued for a couple different reasons. They vary between helping the stock price move higher or lower:
If business is booming and a company would like to raise money for expansion and growth, they can issue more stock to fund these operations. This is an example of a positive reason to increase the outstanding shares and stock float.
Toxic financing occurs when insiders just want to enrich themselves at the expense of current shareholders by issuing more shares on the open market. This would be an example of a negative reason for increasing the share count. Most if not all stocks that trade under a penny have diluted shareholders by issuing hundreds of billions of shares.
Lifloc does not fall into either of these categories at the current time. Cannabix (It's closest competitor) issues more shares on a monthly basis.
Obviously it has worked for Cannabix to promote its stock through the issuing of shares but this doesn't work that way for every company.
Cannabix has a good management team in place that knows how to inflate the stock price. Lifeloc is clueless and could take some advice from the team at Cannabix.
The Market Screener website (https://www.marketscreener.com/quote/stock/LIFELOC-TECHNOLOGIES-INC-9831800/company/) has Lifeloc's Free-Float at 249,387 shares which I believe is closer to the true current total stock float of LCTC.
That would mean at a current stock price of $3.00, the entire float could be locked up for around $748,000. I don't know if there is any other publicly traded stock that can say that.
Lifeloc has only added 31,700 shares to it's overall outstanding share count since 2014. That's less than 5,000 shares a year and I believe most of it went to the new CEO Dr. Wilkomm and other directors.
This stock has not been diluted at all since it's been public. That is an amazing accomplishment considering Cannabix dilutes shareholders on a monthly basis.
As I was searching for more information on what the true float of Lifeloc is, I came across this article that does a great job with the explanation. Keep in mind that it is from 2014 but still seems relevant today:
https://promotionstocksecrets.com/lifeloc-technologies-inc-lctc-low-float-pot-ticker/
When LCTC filed to go public it only had 2,422,416 shares outstanding of which 2,257,549 shares were held by the officer/directors of the company making them restricted.
That gave LCTC a free trading share count of just 164,867 shares after going public.
After going public, LCTC has only added 10,000 shares to the outstanding share count and those shares went to one of the directors of the company making them restricted.
The LCTC float sits at an amazingly tiny 164,867 shares.
Here's another report stating that the cannabis testing market will be worth $1.8 Billion by 2025. That's annual growth of over 13%:
https://www.prnewswire.com/news-releases/cannabis-testing-market-worth-1-806-million-by-2025--exclusive-report-by-marketsandmarkets-301214788.html