Good morning...!
To answer your question - patience. There are only a handful of people that actually follow this stock. Now is the time to accumulate shares, before the buzz hits the Dow Jones Newswire later this year (hopefully). We all saw the stock move to ten dollars a share back in August of 2021, with very little volume, on nothing but news that US car makers may be required to install alcohol detection devices in cars in the future. Just think what will happen if Lifeloc actually makes a few press releases..?
My take from the shareholders call, is that they are still on track, just a little slower than anticipated - which is understanding, considering the scope of this project. Good sign that there is some insider buying, and that management seems upbeat going into the second half of this year.
Hound Labs is pre-selling their device, and my thoughts that when they actually release the units for sale, it will create a buzz, and possibly draw some attention to Lifeloc. A big advantage that Lifeloc has, is they have been in this space for decades. They know what is required for compliance of the breathalyzer units, they have a large, worldwide customer base - that will be easily converted to sales of the "Marijuana Breathalyzer." All of the other companies that are vying for a piece in this space, are new to this market, and most are privately held. Another advantage that Lifeloc has over their competitors, is the ability to possibly use Sandia Labs Spin Dx technology, to adapt their marijuana breathalyzers to detect a broad spectrum of illicit drugs - including Heroin, Cocaine, and Phentanyl. None of the other companies can come close.
I still maintain my original position in this company from years ago. I held through the $10 spike a couple of years ago, and have since accumulated more shares over this past winter. Yes, anything under $2 was a gift, and still probably a gift at anything under $4. Just my opinion of course. We'll see...
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