Nearly a month after the uber-successful Nasdaq IPO of GoPro, Inc. (GPRO), the hottest camera to hit the consumer market since the dawn of the digital age, a more family, social networking headset type one has also launched on the OTC Markets. LifeLogger Technologies Corp. (LOGG), a wearable life logging camera developer, is hoping to see its penny stock see the same kind of attention that GPRO stock got after it hit the big boards, still up over $15 from where it traded on its first session back in June of this year. With revenues already coming in at roughly $90,000 a quarter, the investor(s) who bought the now 31,000,000 shares prior to the 10-for-1 stock split for just $31,000, basically the entire float that’s not held in Tortola, British Virgin Islands, the 2013 move to buy LOGG stock is already worth 58,900%.
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LOGG Stock Quote
Market Cap: 47.55M
Last: 0.587 ▼ -0.001 (-0.17%)
Dollar Volume: $63,695
14-Day RSI: 60.07%
1st Resistance Point: 0.5919
1st Support Level: 0.581
52Wk High: 1.10
52Wk Low: 0.10
LifeLogger Technologies is an incubation which Diane J. Harrison of the Harrison Law, PA assisted to set up when the Company was Snap Online Marketing, Inc. and Elena Kryukova, President and Director, and Irina Zagvazdina, Secretary, Treasurer, Chief Financial Officer and Director, were looking to launch their full service digital marketing agency offering a full range of web services, including web marketing services, social and viral marketing campaigns and search engine optimization (SEO) consulting, custom web design, including CRM (customer relationship management) solutions. That entity ended after Consumer Electronics Ventures Corp, a BVI IBC corporation, came in and bought the then 5,000,000 shares issued and outstanding and put Stewart Garner, founder and sole officer and director of 2128112 Ontario, Inc., in charge and changed the Company over to what it is today.
LifeLogger might have wanted to keep the two around as they launched their website when you see the basic mistakes that are misspelled and incorrectly coded when the Company goes on to describe their LIFELOGGER camera – “SMALL AND POWERFULL.” What’s quite unique is how the device appears to be “small enough to wear unobtrusively” and is said to be “powerful enough with it’s WiFi capabilities to live stream” so that real-time life moments can be shares with anyone, anywhere in the world. It goes on to describe the device as having a “720p recording and a 100-degree wide-angle lens” which claims to provide for “guaranteed excellent first person viewing” whereas “your friends will have a front row seat to your life at the push of a button!”
Developing a lifelogger wearable video camera that is wearable on a person’s head utilizing true point of view recording?
Porn and bathroom moments are the two moments that immediately cross my mind, but anyway…. this is about LOGG stock.
Back in June, 2013, prior to Consumer Electronics Ventures Corp effectuated a name change to LifeLogger Technologies, increased the authorized shares from 75 million to 120 million and did a 10 for 1 stock split, the Company sold 3,100,000 pre-split LOGG shares to an unnamed investor(s) for $31,000. With Consumer Electronics Venture Corp holding 50 million of the 81 million shares currently issued and outstanding, the entire float, the other 31 million, exists solely from that pre-split transaction which, after the 10 for 1 split, has a cost basis of just $0.001 per share.
According to their most recent 10Q filed, LifeLogger is damn near being a “net income reporting” Company even though they only booked revenues worth $93,000 and $180,000 for the 3 and 6 months ended June 30, 2014, a huge improvement over the $7,380 and $14,980 booked during the same respective periods last year. The Company doesn’t pay Steve Garner a penny for his services (according to the 10K filed for the year ended December 31, 2013) which allows for the insanely huge gross profit from revenues to nearly cover all the operating expenses reported for the 3 and 6 month period.
Not to say that LOGG stock is due to be pumped any time soon (cough, cough), but considering that the float is/was totally under the control of the pre-split transaction and that the shares coincidentally began trading shortly after the successful IPO of GPRO stock, it doesn’t take a rocket scientist to figure out what’s due to come in the near term. The recent hard mail promotion of Apptigo International (APPG) should be a clear indicator of what can be expected when LOGG shares start showing volume levels 3X to 5X higher than what we’ve seen over the last two trading sessions. If you use your trading screen to “unobtrusively” get in and out of it as the “real-time life moments” occur before the eventual dumpage, you should be able to proudly share your savvy trading skills via your social media network of choice.
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About LOGG Stock
LifeLogger Technologies Corp. is a startup company developing state-of-the-art lifelogging technologies which the Company plans to commercialize through the sale of a wearable video camera referred to as a “Lifelogger Camera” for the purposes of tracking and sharing personal data as a form of social networking.
Issued and Outstanding: 81,000,000
Last 5 Trading Sessions:
These last two sessions whereas LOGG shares are beginning to show signs of a pre-launch basically force every trader to add it to their list of pre-promotion penny stocks to watch. Tracking APPG stock and the total number of sessions it ran before the huge dump which could have been captured with a LifeLogger camera should be a guide for how long LOGG stock might possibly run.
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