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Today’s volume was 51,000 shares in 15 trades…..3400 shares/trade or $200 each…That’s embarrassing!
Fidelity is commission free….I feel like I should buy/sell 10k a day just to keep the interest alive. it’s almost impossible to sell 100k without violently affecting the price.
Problem…finding interested buyers.
Thanks FYI for that article…you would think it should have created a bit more enthusiasm. Was it translated in 2022 or just recently??
The topic for today is MOTIVATION….I don’t understand what keeps Lugee LI, Tony Chung, Isaac Bresnick interested in LQMT. Lugee has $64 million invested but takes no salary, the others get $200k +/- which isn’t much to live in Southern California so they aren’t getting rich. The options have no value so where is the hook??? They seem to be just “marking time” until what??
They are taking great pains to conserve cash and keep the bleeding to a minimum but what is the ultimate purpose? I don’t think it is to collect $200k a year for 12-15 years…it’s not the end point. They could take $10 million and buy 100 BMWs and start a rental agency in LA. for more cash flow. It’s crazy!
“Waiting For Gadot”
Wow…that was really long winded but I dropped out after I saw you had nothing new to share.
I fail to see your preoccupation with contracts…If we were Boeing and expecting to deliver in 2026, a contract would be appropriate but we aren’t Boeing. I worked decades for a $700 million company that ran on purchase orders. You get a PO, ship the product in the PO and if you performed, you got another one. Contracts weren’t necessary….only the attorneys get rich.
MOVE. So after all that careful analysis…and concluding it to be a marginal investment at best…this morning I purchased a small position just to keep an eye on it. If it turns out that they got orders for $10 million in Q4, I would be kicking myself. Peter Lynch used to do that to raise visibility before buying larger quantities.
I still have good feelings about my LQMT but I wish I had about 10x my holdings in ABSI which is up 25% today.
As a contrarian, the louder the negative rhetoric becomes…it only feeds my good feelings about the prospects for 2024. Remember you have to get to $0.15 before $0.30 etc. it’s a journey.
Happy Holidays
I was on USPO.report (Google) and it listed Movano patents from 2/20/2020-9/22/2022. There were a total of 61 of which 11 were granted and the rest pending. Leabman had 59 and Bromberg has 2 related to the mathematical analysis of the data. Most of Leabman’s disclosures were related to use of RF technology to measure medical parameters.
At a pace of 2/month, I’m sure there are many more since 2022.
I just reviewed the Movano patents and if Michael Leabman gets hit by a truck…MOVE implodes.
For background, I was an early investor in GTAT but I managed a significant (>100%) gain before it imploded …maybe my opinion should carry minimal weight. MOVE is in the process of trying to manage a “tiger by the tail”. It’s a tiny company with a very large cash burn rate (roll out advertising and scale up). Their stated goal is to reduce their cash burn rate by 40% in 2024….not good. A huge problem would be to grow from $1 million to 10 to 25 in a year. They lack the capital and management resources to pull it off. There will be many more rounds of funding (dilution) and there is always the possibility of an adverse APPLE reaction to gum up the works.
I have enough “nail biters” for now.
Researchfyi has been using a 20 million daily volume as an indicator that we have arrived but I don’t think it’s going to happen that way. For starters, 20 million is 4% of the float which is big and even if it hit it for a single day, it isn’t sustainable.
I look at it differently and my reasoning is as follows…most stockholders in LQMT are long term and not looking to make ten or fifteen cents in their investment…we have been through 5 or 10 or 15 years of waiting and looking for a more substantial return. Supply to support those huge volumes just isn’t there.
I define success as a 10% price move per week with daily volume of 2-3 million. A move like that could be sustainable without creating a frenzy of “2 day opportunists” . Tortoise vs hare approach.
I’m willing to be wrong for $$$$
MOVE has not been delisted…it received a notice that it needs to get its price above $1 in the next 9 months for 10 continuous days or they may move to delist. Even then, they can apply for an additional 9 months to achieve compliance. Current price is around $0.75..
Perhaps it’s time to dust off a concept found on “StockCharts” called Relative Rotational Graphing or RRG for short. It considers relative strength and momentum to characterize strength and trends.
As an engineer, I think it has potential as a timing tool but in physics I was taught that momentum is mass x velocity which I modified to volume x price movement as a surrogate for a stock’s momentum. This actually becomes an oscillator as one calculates positive and negative price movement.
There are also those who apply the principles of Statistical Process Control (SPC) to price movement to establish when random “static” becomes a real trend. Bollanger Bands represent a simplistic version of SPC.
Back to the Steelers game!
Your perceptual screen is beyond belief….strange things can happen in the courtroom.
Just poking the bear…..so let’s visit the definition of “consumer electronics” in 2010. It’s easy to include laptops, IPads (?) IPods, maybe a wristwatch, televisions etc. Most of the products under the current debate weren’t even on the horizon….I could argue that a Tesla is “consumer electronics” since it contains dozens of microprocessors for consumer use. So where is the line between “consumer electronics” and “medical devices”? Do I need to have a physician prescribe an item to make it a medical device? I’m sure there are exceptions to that requirement. I think Apple must be very careful in squashing a tiny potential competitor …like I’ve said before—win the battle and lose the war.
We don’t know whether LQMT is even in the supply chain…MOVE could be purchasing 106a through Eontec or Yihou directly which leaves Apple suing a Chinese company in China. Tried it once with Canada and it didn’t work.
Yes volume was 5x the average daily volume and it did close at 6 cents or so but it recently played at 4 so there is life. It’s just like Walli finding that first sprig of green. The next hurdle is the 52 week high at $0.0885….make it so!
I looked into MOVE ….50 million shares under a dollar…under notice from NASDAQ about delisting for price below $1 which they can fix. Decided to pass but keeping in the radar to see if they get 510k approval for BP, glucose monitoring and O2 measuring.
I have several of these “faith based” stocks that aren’t working and don’t need another.
I have been digging into the SEC filings for MOVE and have several observations to share…
The focus on female health issues is probably a good (easy) place to start but you immediately limit the target market to a piece of a piece of the total population.
If the ring could determine pregnancy at a very early point, that could be interesting. I’m thinking 5 days.
The work to qualify the ring as a pulse oxymeter, glucose and blood pressure monitor is the whole enchilada. Each of these areas needs to go through the FDA under 510k to certify its efficacy.
Good news is that the 510k testing can use data collected in WEEKS when compared to something like pharmaceutical drug development which is measured in many years. In 510k qualification, it’s a pass/fail to meet the standards.
I kept looking for some reference that perhaps LL was an investor but nothing popped up.
From Scoobie Doo his name was “Glum”.
The real test is whether the price can breach the 52 week high of $0.0885…..that would qualify as a breakout.
Just for laughs…I probably bought TC’s stock when he sold at $0.28 in 2014….that was my initial purchase. Still got it!
I’d be happy if TC’s $0.06 purchase went to $0.60 and he made a bundle because I would also…I don’t understand the anger.
So the last time he bought was 10 years ago? He didn’t dump it all and he made a profit of $90k. Maybe he borrowed the money for the original purchase or he was buying a house or tuition was due. It’s not a pattern…I see no problem.
It does confirm that he knows a bargain when he sees it.
It would be interesting if he were to continue to purchase on the open market at a price above the $0.07/share strike price on his options. That would definitely be a “tell”.
100% correct on the timing….nothing can happen before the end of the year. If I were TC (I’m not) I would have released a message saying “ I plan to purchase up to X number of shares a month for the next Y months”. The disclosure goes a long way to avoid the insider trading issue.
No insider trading….TC’s purchases were on 11/20 and 11/21. MOVE announced the medical device on 11/20 so TC purchased after the product introduction….that is PUBLIC INFORMATION. If he had purchased LQMT or MOVE two weeks prior…that would be a different story.
The plot thickens….TC purchased just under a million shares IN THE OPEN MARKET accounting for the spike in volume. These are outside his option grant which is at $0.07/share. Using his own money….A bullish sign for sure.
No it doesn’t have to disclose anything. It’s the fuzzy definition of what is a“material event”. Getting an order isn’t a material event….an acquisition, resignation or bankruptcy is a material event.
Apple could make something similar as long as they don’t infringe on MOVE’s intellectual property. Remember that little companies can be very nimble and can run circles around big companies when they have a single product to defend.
The stock is still moving but it will lose steam eventually….MOVE hasn’t budged and I would have liked to see it soar also.
It would be good for some other opportunities to show some signs of life also….I’m thinking the golf venture which is approaching 2 years since it was inked.
A few more “out of the blue” successes would confirm that there is life out there.
Definitely a medical device since the target audience is 100% female and the female health is the emphasis.
Not good press for Apple to try and squash a $45 million market cap/female owned and operated company. Win the battle and lose the war!
Looks like a medical device to me…..or maybe jewelry……hmmmn
Perhaps Apple should buy them instead of litigating.
The volume was only 2.4 million shares equating to slightly more than $100k BUT the volume is 8X the recent average daily volume on zero news that I can find. Agreed that tomorrow will tell the story…a further increase in volume is a sure “tell” that something is in the wind.
The volume was only 2.4 million shares equating to slightly more than $100k BUT the volume is 8X the recent average daily volume on zero news that I can find. Agreed that tomorrow will tell the story…a further increase in volume is a sure “tell” that something is in the wind.
Eontec has risen from 5.83¥ on 8/24 to 7.48¥ today….28% move and the China stock market isn’t exactly robust.
On a much longer timeframe, China has a huge demographic problem….the populations isn’t growing but the average age is increasing to the point that there are too few workers to support the social system. You cannot coerce people to have babies when they don’t want to.
It’s a population bomb that will take decades to resolve….if ever.
Of course.
So I’m reading the 10Q and on page 21 under “Revenue and Operating Expenses”. There is a very interesting statement…..
REVENUE. Total revenue increased to $127 for the three months ended September 30, 2023 from $18 for the three months ended September 30, 2022. The increase for the period was attributable to higher licensing and royalties revenue and higher general production shipments made by our contract manufacturer.
It continues to compare the 9 month results (which decreased) and uses the same phrase to explain the shortfall….”lower licensing and royalties and lower general shipments by our contract manufacturer”.
I was encouraged by the first statement (beginnings of an income stream) but was dismayed by the apparent “boiler plate” wording exhibited by the second comment. The next quarter will tell the story!
Who WAS buried in Grant’s Tomb?
Absolutely no significance to the selling (or buying). Today’s volume was 154000 shares which is $6000 total. Nobody is getting rich trading fractions of pennies on that piddling amount.
WOW…that’s a lot of pontificating! Could you please condense it to one succinct sentence?
If there are royalties/license fees to be had…they have to go through Eontec.
Eontec is up 5% on 2.5x average daily volume. It’s been flat recently so this is unusual.
According to the most recent 10Q….Total of assets and liabilities is $32 million but included in the assets is the depreciated value of “property and equipment” at $7.8 million. The building has appreciated significantly from the $9 million purchase price and I would estimate its value at $13 million. This makes the total for assets/liabilities to $36 million which is $0.04/share.
Sounds like a “floor” to me.
In April 2021 Apple stated that they would be spending $430 BILLION over 5 years to expand facilities in the US. For comparison Disneyland cost $17 million in 1955 ($170 million in current dollars). More recent parks have run several billion with Shanghai (the most recent) about $6 billion. Apple could have funded 70 modern theme parks with its expansion budget…..hmmm