InvestorsHub Logo
Followers 4
Posts 862
Boards Moderated 0
Alias Born 03/06/2014

Re: None

Saturday, 01/30/2021 1:15:19 PM

Saturday, January 30, 2021 1:15:19 PM

Post# of 1716
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.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LCTC News