Increased revenues would be nice, but unfortunately, revenues drive stocks in the S&P, not so much in the OTC. At some point, management is going to have to put a little emphasis on their achievements. They have been dragging the Spin DX along far too long, with talks of commercialization last year, then this year, with no report of substantial advancement. Simply releasing an 8K is not going to do it...
I would like to hear of positive results from Beta testing - improved accuracy, portability (incorporation into the LX9 platform, or at east a timeline), and most importantly - preparation to put this device into the hands of real world users, police, etc. Show us the end product. If commercialization is expected this year, which there is only 8 months remaining, I would expect to hear that the product is nearing production - preparing to increase manufacturing personnel, inventory, etc. Ramp up marketing, social media, news media sources, collaborate with Mother's Against Drunk Driving.
Many questions...
With legalization in Germany, where do their distributors stand in preparedness, and what is the impact on their competitors in Germany, mainly Draeger. What products does Draeger have that would actively compete with the SpinDx technology? Will the saliva testing be an acceptable form of testing in Germany? What is the $$$ market for this device in Germany? Are there any collaborative efforts in the works, which could aid in capturing market share in Germany?
With the current trend in America going full out cannabis, with rescheduling a good possibility this year, what is the forecast for the $$$ the SpinDx could capture in the US? Who are the main competitors in the the US? How do products from companies like Cannabix and Hound Labs compare with Lifeloc's, and what market share is Lifeloc capable of achieving? In reference to newer alcohol screening devices such as infrared scanning, finger touch sensing - what impact does Lifeloc see in the newer technology making Fuel cell membrane technology obsolete? How will the new requirement for US automakers to include alcohol sensing equipment in new builds affect Lifeloc? Is Lifeloc able to capture any of that market? What is Lifeloc's position of the new DADSS research in alcohol sensing technology, and how do they see their sales being impacted, once this new technology is implemented?
RADAR Device? Where does the technology stand now, since they put it on the back burner. Do they see implementing this device into a multifunctional, drugs of abuse device? When will sales begin on the basic alcohol device? What is the market for the RADAR device in $$$?
Most importantly ,they need to release their accomplishments in a manner that exploits their accomplishments, without falsely pumping the stock. Simply releasing a quarterly report, which gains the interest of no one, is not going to move the stock much. Let investors, and traders alike know that there is a company called Lifeloc Technologies, and they are setting the trend in THC testing, along with other drugs of abuse. There is no better time than now.
