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Re: Madison1063 post# 790

Thursday, 09/17/2020 1:18:59 PM

Thursday, September 17, 2020 1:18:59 PM

Post# of 1702
At this point, I have to agree with you and see only two possible positive outcomes. A hostile takeover or a buyout. At a current market cap of only $6 Million, it could be an attractive candidate for takeover from a sector competitor who recognizes that they could do a much better job running Lifeloc.

Cannabix currently sports a market cap of $36 Million and that company really has nothing tangible going for it which makes Lifeloc look really attractive to the right buyer. If Kal Malhi ran this company he would have had this trading in the triple digits by now.

Not one insider purchase/buy of shares at current levels is a good sign that no one over there cares about anything. The reviews from employees that work/worked at Lifeloc are not good either.

If you did manage to collect over 100,000 shares of this company, your pretty much the entire trading volume over the last 3 years unless you were a previous employee who collected stock options. And if your planning to dump these over the next couple months, I can't imagine who is going to absorb these shares. Maybe we can find support at $.25-$.50/share? I am assuming you have no faith in the cannabis breathalyzer/SpinDx being finished by the end of next year?

Even prayers don't seem to be working.

Lifeloc really deserves better than this and it certainly feels like a waste of a potentially fabulous opportunity.
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Total Trades:
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  • 6M
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  • 5Y
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