LifeLoc Technologies Inc (LCTC)

[caes4]

As I said before, it makes no sense.
The purpose of being a publicly traded company is to raise money that the company needs to expand. Clearly, lctc doesn’t need the money as it hasn’t been expanding and if this dude owns 77% of the company, he’s not raising capital. Furthermore, they don’t even have much of a financial duty to look out for the best interest of the investors because there aint much of them. So why did they even become publically traded? Why didn’t they just stay a private company.