It's good to see so much action on this board...! Ok, don't know where to start, because it's 11pm, and I've been packing for a Labor Day weekend trip to Atlantic City with my wife, and I've had a few glasses of wine - so bear with me.
I think it's pretty much self explanatory that this stock has an extremely low float, and share structure, with most shares owned by insiders. I don't really see a need to split hairs when it comes to this, just go with the stated numbers in my opinion. I think a bigger question would be what part does Edco Partners play into this, as it is listed as Lifeloc's parent company. I would assume that this is due to Vern's outstanding holdings, and his relationship with Edco...? Who is Donald Siecke ? What is/was his relationship between Lifeloc and Edco Partners ? They both, also have a vested interest in a company called Electronics Systems Technology (ELST). This relationship, although it may be insignificant, has always intrigued me.
Vern is now about 90 years old. How does this play into things ? I assume it's his son, Michael, that is also a Director. Where does he fit into all of this?
To answer your question on ownership... Without divulging too much, as I have stated before, I own shares, as well as two relatives. I first purchased shares in Lifeloc back in 2016 for around $4. It was bought as a trade, and I sold it about 6 months later for around $15. When it fell back to around $4, I started buying shares - this time for an investment.
I have been purchasing shares of Lifeloc for the past 5 years, a little at a time, month after month. I have still been actively purchasing shares, and I have not sold any Lifeloc stock since around 2017, when it was approximately $15.
In my opinion, this stock is currently priced at a value of only taking it's alcohol segment into consideration, not including the marijuana/drug portion of it's future business prospect. We truly have a diamond here, and it continues to fly under the radar, due to it's low volume. There is so much stimulus ahead, with so many obstacles behind us, I can easily see this stock moving much higher in the near future. A market cap of just over 6M is unjust, and priced for their alcohol segment only. Taking the near term potential of the THC SpinDx technology, developing into a marketable product, a 100M Market Cap is not unreasonable - please compare other companies...
