Tuesday, November 13, 2018 1:37:50 PM
They anticipate a Billion dollar opportunity in regards to the marijuana breathalyzer within the next 10 years.
If LCTC does indeed create a working and reliable MMJ breathalyzer, I would expect with their distribution networks already in place, that a Billion in revenue could be reached within the first 2-3 years.
For Lifeloc to just reach a market cap of where Cannabix currently is, it would wind up trading at $52/share.
I could see Lifeloc trading well above this level with just an announcement indicating that a prototype is ready or some form of a timeline for completion.
If the revenues really start pouring in, This thing should trade upwards of $100/share. At $100/share, we would be trading at a market cap of $240 Million or so. Cannabix at one point had a market cap larger than this when it traded near $3/share last year. It's not impossible to think that with a $ Billion in revenues and a miniscule public float available that Lifeloc could trade upwards of $200-$300/share.
Of course this all rests on creating a working and reliable marijuana/cannabis breathalyzer but I have put my money where my mouth is and ready to see this thing start making some progress.
Recent LCTC News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 10:31:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:20:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:06:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 03:58:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:37:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:35:40 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 07:22:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:30:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:14:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:46:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 02:57:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/23/2023 02:57:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 09:11:04 PM
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