Well, Lifeloc did actually give us an update in November, in their last quarterly financial report. They stated this in their last 8-K "The release of our SpinDx saliva testing system for beta testing utilizing the delta-9-THC disks is expected
in early 2024 and is projected to result in commercialization in later 2024. We expect to accelerate development by
combining our LX9 breathalyzer with the THC SpinDx detection unit, to produce our roadside marijuana breathalyzer
system."
They have cried wolf before, making similar statements in the past, so, unfortunately, it's a wait and see. I would take the phrase "in early 2024" as initiating Beta testing in the first quarter of 2024 - which is now. They will be reporting 4th Quarter results in about 4 weeks, which historically, is about the only time investors receive updates. Reporting results of last quarter will most likely not include any specific data in any Beta testing which was recently initiated, at best, I would hope for a statement indicating that they have begun beta testing of the SpinDx platform. I guess we will know in the next month...
And yes, I agree that Lifeloc should start to make more public press releases, rather than relying on reporting results in quarterly reports, which no one reads -except the few people that are already following the stock. The problem with press releases, is that if they are not meaningful releases, they simply attract short sellers in to profit off of the recent interest, due to a "Fluffy" press release, with no material things to report. Because of this, I still put my trust in Lifeloc's management, and believe that if they do start to initiate any press releases, that they believe they have what it takes for positive momentum, and follow through with the stock price. This is just my opinion.
Best of luck to everyone !
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