Lokcom Networks (est. 2015) offers a legitimate hardware solution for retrofitting locks with cellular (M2M) connectivity, addressing a real problem in niche B2B markets like elderly care and vacation rentals. However, the submission is heavily penalized for demonstrably false traction claims ('most people have used my product') and confusing financial data ('marketcap: 50000'). After 9 years of operation, the company appears to have minimal scale (<$500k total funding, <10 employees) compared to the 'everyone' audience claimed. The technology has merit, but the business execution and submission credibility are poor.
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