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Sunday, November 27, 2022

Lifelogger Technologies Corp (OTCMKTS:LOGG) Is Making Moves

Lifelogger Technologies Corp (OTCMKTS:LOGG) is making a highly explosive move up on accelerating volume; the stock just surpassed previous highs and is starting to trade significant dollar volume close to $500,000 a day on no known promotion.

LOGG started trading on the bb’s in August just over $0.50 and ran to highs over $0.70 before some consolidation took it lower. Since then volume has increased significantly, the stock has surpassed previous highs and LOGG is in an all-out parabolic move upwards with no resistance in sight.

Lifelogger Technologies Corp (OTCMKTS:LOGG) is developing LifeLogger, a video camera that is wearable on a person’s head utilizing true point of view (“POV”) recording. It is the principle of having a wearable device that can either take video or still pictures of a user’s activities automatically or on command. LOGG is currently redesigning a new prototype LifeLogger wearable video camera that will be worn with an attachment on the user to give true POV recording.

It will have one-touch controls accessible from Android and IOS based devices and applications (or APPs). The Lifelogger camera will have the ability to electronically link to a cloud-based data service that will be capable of seamlessly and effortlessly processing and organizing the users video and captured data based on the users search preferences. Prior to our name change in January 31, 2014, we were engaged in providing a full range of web based marketing services.

LOGG was formed in January after the name change from Snap Online Marketing Inc. Immediately after the merger the Company affected a 10 for 1 forward split of the stock.

Back in October the Company engaged MM Solutions to complete a redesign of the current prototype. MM Solutions is a European based software and firmware developer with over 200 employees and is a global leader in mobile camera firmware and calibration. Based on the current timeline, we expect to have a Lifelogger prototype available in December 2014 which we plan to present at the Consumer Electronics Show (CES) in January 2015.

LOGG engaged Timeback Solutions in January 2014 to develop with LOGG guidance the LifeLogger software and cloud solution. Currently they have assigned seven full-time employees to work on the project. The LifeLogger software is currently functioning and in alpha stage.

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In September LOGG announced it closed a private placement of $250,000 with an accredited investor through the issuance of 417,000 shares of the Company’s common stock at a price of $0.60 per share

On October 15 LOGG invited everyone to sign up for its limited time free private beta solution for their cloud based video management software. Users will have the ability to take videos using their smartphone and upload to the cloud to access unique features and functions for organizing and accessing videos not often seen with other cloud storage solutions.

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According to the 10Q LOGG filed on November 10 they have just under $250,000 in the treasury and they have done $272,000 in revenues for the 9 months ended September 30, 2013 said to be derived from a licensing agreement the Company has in place in Hong Kong.

Conclusion: LOGG has been upward bound in recent days off its $0.40 lows. This one hit the bb’s back in August running from mid $0.50’s to highs over $0.7’0’s Many of the shareholders in the new Company have a higher cost bases then current levels and the stock will face some resistance as it tries to take out previous highs.

A break over $0.75 would represent an important milestone for the stock and a big win for shareholders. It seems LOGG has been cleverly promoted with significant press in recent weeks. Currently trading at a $42 million market valuation LOGG looks ripe for promo; if it can take out previous highs this one could go far.

Disclosure: we hold no position in LOGG either long or short and we have not been compensated for this article.


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