A little more than six months ago, we discovered what is now one of the better trading penny stocks on the OTC: LifeLogger Technologies Corp. (LOGG). Due to release their financial results for the full year ended December 31, 2014, revenue is due to top $300,000 based on the nearly $100,000 earned each quarter from their Matrico agreement which licenses the Point of View wearable camera in Hong Kong. With the absence of debt and the ongoing private financing at roughly the current share price, the roll LOGG stock has been on further solidifies it’s rise since that January dump off.
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LOGG Stock Quote / Chart
If you have a grasp of what GoPro can do, then you have a basic understanding for what LifeLogger Technologies is attempting to get done. On top of a product development agreement from a year ago with Matrico Holdings, Ltd., a Belize company, to develop a printed circuit board design of the Company’s wearable video camera and license it to Matrico for the territory of Hong Kong, the Company has been Beta testing their two separate Apps which will let a user add GPS tracking of all videos shot using their software and then upload the video and GPS track to their cloud based storage system.
Back in June of last year, LifeLogger and Matrico amended their agreement for the sole purpose of redesigning the original prototype camera to include an upgraded WiFi chip and reconfiguring the GPS chip as requested by Matrico. The product reviews for the camera that Matrico could soon begin manufacturing and selling in Hong Kong only have been rave and plentiful, similar to the gains LOGG stock has provided during the course of February.
You rarely hear much news from LifeLogger unless its about an addition to their management team or another private placement with an accredited investor for a quarter of a million dollars to help fund finalizing the development of their video cloud storage solution featuring Android and iOS APPs. As long as LOGG stock stays under the radar on another run towards 0.75, the 52WK high, we can only wonder what the product will be uploading when they are finally available to consumers in Hong Kong:
Anyone have those GPS coordinates handy?
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About LOGG Stock
LifeLogger Technologies Corp. is a development stage company focused on developing and commercializing a lifelogging camera that involves the process of tracking and sharing personal data.
11380 Prosperity Farms Road
Palm Beach Gardens, FL 33410
Phone: (561) 515-6928
Email: [email protected]
Issued and Outstanding: 81,841,666
Last 5 Trading Sessions:
Rising 44.14%, LOGG has been a very strong performing penny stock since January 27. Note that a significant portion of those 31 million shares of LOGG stock that were sold at 0.001 per share still to be converted to a more current PPS. With an estimated time frame of Q2 2015 to see the unveiling and availability of the camera, things could really start to heat up in March.
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