LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

Thoughts/Observations/Apologies:

As much as it pains me to be down in the 6 figures in this stock, I am even more hurt due to the fact that I may have caused others to invest/purchase shares in this company. There is no one right now who could possibly be up/profitable by owning this company. And if we have over 100,000 shares coming to market soon on the sell side, there is little reason to see any upward momentum for the foreseeable future.

Lifeloc continues to operate in a mindless capacity. No social media presence, no updates, no growth, no insider buying, etc.

The only thing that Lifeloc has going for it is that it has nothing going for it!

I have to think back to the $250,000 Colorado state grant that they received in 2014 for work on the marijuana breathalyzer and were given over 3 years to put it to work. How in the world could you have over half of the grant money left over and unused (completely wasted)? This is inconceivable! This provided another clue to their wastefulness.

These reviews from employees also prove the inemptitude of management and also give clues as to why we can't see any real progress over there:

https://www.indeed.com/cmp/Lifeloc-Technologies,-Inc/reviews

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.

The bottom line is that I would like to apologize to anyone that may have purchased shares of this company on my recommendations/posts. I went all in and have paid the price. I still believe that Lifeloc deserves better than this but we need new everything over there.