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Saturday, December 3, 2022

Stock in Focus: Lifelogger Technologies Corp (OTCMKTS:LOGG)

Lifelogger Technologies Corp (OTCMKTS:LOGG) continues to lose ground in recent sessions on accelerating volume as it falls towards $0.33 all-time lows.

The stock hit the bb’s last August and has stayed in the volume leaders on continued promotion making several attempts to take out $0.80 but never doing it.

Lifelogger Technologies Corp (OTCMKTS:LOGG) bills itself as an emerging innovative wearable video and software company that is developing the way people capture, access, store and recall life’s unique memories through its true POV wearable video camera.

Currently they are in the process of finishing the hardware design of the LifeLogger; they say are working with a leader in the field of consumer electronics cameras to begin serial production of the camera in Q1/2015. LOGG is also upgrading their existing cloud based platform for storing, managing and displaying videos. Starting with their 3D video timeline and adding Video Stabilization, Geo Tagging, Custom in video tags, Face detection, OCR, voice detection, live streaming and social sharing.

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.

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.

Lifelogger is in the right place at the right time; the wearable camera market is taking off quickly with new subcategories already developing; besides sports cameras there are smart glasses such as the one’s being developed by Google and the Vuzix M100. There are also action cameras and personal wearable cameras as well as law enforcement wearable body cameras such as Taser Axon and Digital Ally.

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The wearable camera market has exploded in recent years with the Google Glass initiative, VUZI M100 Smart Glasses and GoPro, the leader in this new and exciting field that recently saw an extremely successful IPO running from $28.65 to close to $100 a share.

With all this attention on the wearable camera market it was only a matter of time before a penny stock jumped on the bandwagon; enter LOGG maker of a Lifelogger, a fully hands-free, 5-megapixel wearable video camera that incorporates video, voice, text, and facial recognition into the camera, to fully immerse the user and others into a POV experience.

The Lifelogger camera will have the ability to electronically link to the Company’s proprietary cloud-based software solution that can be used by any compatible Android/ IOS device on the market. Many investors suggest this is where the real value in the Company lies.

On January 28 LOGG announced the appointment, effective immediately, of Philip van Nedervelde to its Advisory Board to actively reinforce and support LifeLogger’s executive team in roles including that of Senior VP of Design and Chief Evangelist.

A pioneering lifelogging practitioner and advocate for nearly 20 years, Philip followed his M.A. in Communication Science and postgraduate degree in Information Science & Interactive Media Design with several decades of entrepreneurial experience in international business development in cutting edge, emerging technologies including interactive multimedia, wearable sensors, personalized medicine for life extension, drone based sensor platforms, immersive telepresence using anthropomorphic android robotics, immerse virtual reality, online multi-user virtual worlds, data fusion & visualization for situational awareness in military and security applications.

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Currently trading at a $47 million market valuation LOGG has little real fundamentals to back it up with minimal revenues to date and little assets. The stock managed to stay in the volume leaders over the past few months on heavy promotion. We will be updating on LOGG as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with LOGG.

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

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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