Saturday, August 14, 2021 11:06:26 PM
Do I currently have any sell limit orders - NO.
I can promise you that myself, Energy Manager, PotsandPans420 and MJStockTraderMD do not have any sell orders in LCTC at these current levels. We have been patiently waiting years for a move like this to finally break out of this $2 range that we have been stuck in. We all believe that Lifeloc should at least be valued to the equivalent of its competitors (BLOZF and SOBR). These companies have market caps of approx. $80 million and have no sales or revenues and have accumulated massive amounts of debt. What they do have is a management team that cares about shareholder value and use PR's/news releases and social media to their advantage. I firmly believe if Kal Malhi (the current CEO of Cannabix (BLOZF) was the CEO of Lifeloc he would have this stock trading over $100/share.
So if Lifeloc had just the equivalent valuation to that of BLOZF and SOBR at $80 million, that would put us right around $32-$33/share. $80,000,000/2,454,116 outstanding shares. We all firmly believe that Lifeloc deserves to have a premium to these competitors because it's already profitable, has decades of sales and revenue, does not dilute shareholders and has no debt.
In my own personal opinion, I believe we have had a seller continue to hold this stock down for years. There is an actual Ihub post from a member explaining how he/she had over 100,000 shares to dump on the open market. I have no idea if there is any truth to this but I can read the tape and know that there has been a constant barrage of selling pressure whenever the stock seems to gain momentum.
I also firmly believe that if we did not have this selling pressure last week, with 80,000 shares coming in on the buy side, we could have possibly seen new highs. If the float was locked and 80,000 new shares are coming in on the buy side with minimal selling pressure, we would have witnessed an absolute explosive move higher. 100's if not 1,000's of percent higher.
Recent LCTC News
- 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
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 09:26:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:21:40 PM
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