Let me ask you this - Do you think without any changes, we will see anything different from the next quarterly earnings release? Nope - Expect a negative $.07-.10 EPS report with lower revenue and earnings. And between that report in March and now, I expect no news releases or catalysts for this stock to move higher.
Without changes, there is no catalyst - with no catalyst there is no momentum, with no momentum or new buyers, there is no stock movement, and with no stock movement, expect the same results. I don't need a chart to predict where the stock price is going. Without any changes, the stock price will be going nowhere!
Every single time over the last 2 years this stock has had an uptick or traded higher a seller of 1,000 shares or more has come in with an offer and stopped any upward momentum. This is not imaginary - this is fact. Anyone who has watched trading in this company can back that up. And it's obvious they are not done and have more to sell.
How do we see higher stock prices? Any of the following would help:
Insider buying
Increase social media awareness
Increased PR/news releases to build awareness
Stock split to increase stock float
Uplist to a major exchange to draw in new investors and get rid of the penny stock stigma
Provide updates on progress being made on the cannabis/marijuana breathalyzer.
Increased Grant applications
Hiring of top notch engineers to help bolster progress on the marijuana breathalyzer.
Increase the sales/marketing team and focus on distribution networks.
Hire a PR company
Change in management, the CEO or the directors
At these current prices, Lifeloc is an attractive company for a buyout/merger. That's about the only thing it really has going for it and would be my ideal scenario. Someone who could come in and recognize the multi-billion dollar opportunity for a marijuana breathalyzer and not stop working until it gets done. They wasted three years on the RADAR device which has nowhere near the potential of the cannabis breathalyzer. Stop wasting any more time!
The last thing I want to do is argue or bicker back and forth about this company. What we need to do is band together as shareholders and figure out how we can change things.
