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Few days of green sessions does not mean that the troubles are completely over for Lifelogger Technologies Corp (OTCMKTS:LOGG). In fact, an analysis of the stock’s past trading sessions shows that it is actually on a downward journey though at a slower pace.

Weak financial standing

The company’s market cap of more than 31 million is what misleading the investors. In reality, the company’s market cap has no relation to its fundamentals, which are nothing but poor. Moreover, the company’s most recent quarterly report too fails to gain any interest as such.

The company’s cash balance is as low as $81,000 while its current assets total $89,000. The company’s current liabilities are worth $55,000. Despite making huge claims about its wearable cameras, Lifelogger Technologies Corp (OTCMKTS:LOGG) has been unable to generate any revenues. The company’s net loss as per the recent statement came in at $290,000. Overall, the company’s financial report is in total disconnect with its real position and market valuation.

Cut-throat competition

The only way for Lifelogger Technologies Corp (OTCMKTS:LOGG) to garner investors’ attention is to come up with some progress in its operations. The company had missed its announcement deadlines till date and thus, cannot be trusted for any more verbal commitments or updates. The concerns broaden as the company has been unable to release any solid update on the wearable camera front. The last announcement is pertaining to its new technology state that the final prototype of the camera has been developed for testing, however, nothing has been heard since then.

The wearable camera market players like GoPro Inc. (NASDAQ:GPRO) and Taser International Inc. (NASDAQ:TASR) have already been in the market, which leaves little scope for Lifelogger to perform, where its project is yet to take off.

Overall, Lifelogger Technologies Corp (OTCMKTS:LOGG) really does not have anything to boast about at this moment. The company neither has any tested product or financial standing worthy enough to justify its over-valued stock price.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.