Sunday, May 01, 2016 10:39:30 AM
Yes. We can do more than guess, actually. Why guess when the facts are in front of us, unless you just want to mislead folks?
If the deal goes through, Li will pay $63.4 million for 405 million shares.
Currently, LQMT has roughly 582.15 million shares issued, valued at $0.132 per share. Market value of $67,603,800 (note: this is less than $1 billion. Also, this is less than $2 billion.)
Li's shares overall at full purchase will be valued around $0.16. So let's say the stock moves to that level - a 21.2% rise from where we are now. LQMT will have about 892 million shares issued at that point (derived by the existing 477.15 million before Li deal, Li's 405 million, and 10.6 million in LQMT warrants. (LQMT has authorized up to 1.1 billion.)
So, $0.16 @ 892 million equals roughly $142,720,000 (note: this is less than $1 billion. Also, this is less than $2 billion.)
So, there you have it. We have a very good idea about the value of LQMT, today and in the near future.
P.S. Don't start tossing out malarkey about the value of CIP, etc. -- not to go all CIMA on the board but --> WE JUST SAW AN OUTSIDER -- AND THE LQMT BOARD AND CEO -- VALUE CIP AT $63.4 MILLION. Sorry, folks - those are facts.
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:14:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:49:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
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