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If they had 63M in the float and it has traded over $18M today, that means they are dumping heavily into the action today.
Pretty stupid really. This could have been a multi-day runner, and they could have received a lot more for those shares they're dumping.
If they park the dump truck soon, this still has a chance to run some more.
It's up now. Looks like they just launched a new, more polished website.
Zing!
I like this.
Did you even try to look it up?
Under the agreements relating to the license transaction with Apple, we are obligated to contribute all intellectual property that we developed through February 2012 (which was subsequently amended to extend through February 2014) to CIP
Or this:
Liquidmetal Technologies (LQMT.OB) and Apple (AAPL) have agreed to extend a technology licensing agreement between the companies to Feb. 5, 2014. The original agreement, signed in 2010 and good through Feb. 2012, gave Apple exclusive rights to the use of a Liquidmetal alloy within consumer electronics gear.
Google is your friend.
Apple basically has until Feb 5th to do something ground breaking with their liquid metal exclusive agreement, or else any other company can use it in consumer electronics.
That's a waste of $20M if Apple lets it expire without a new extension. But LQMT will benefit if it expires. It's like free agency for a patent.
The exclusive license with Apple expires in Feb. So perhaps they either re-upped with Apple, or inked a deal with Samsung effective in Feb?
Hopefully the latter, since Samsung would actually utilize the technology.
.24 didn't provide any resistance at all. I'd reiterate that .228 was the point of resistance. Regardless, looking good!
Resistance broken
Agreed. And each pullback is on low volume, so it's only a matter of time before this runs.
Looks like it's about to run again. MMs clearing out stop losses before the next leg up. IMO
Previous high typically becomes the point of resistance, which was .228. It has already bumped into it a few times without crossing.
This run is not about that video on IBT. By now, everybody knows that's just some designer's concept. Not "official" like the video tries to claim.
It's about to though. Just needs to clear the .228 resistance for clear skies to the .30s
I believe Apple has exclusive license on LiquidMetal for technology purposes, and Apple isn't at CES. It's either not tech, or Apple is doing something like more patents, or a buyout. IMO
Edit: And I don't think it's a buyout. Apple doesn't want in the business of tennis rackets and golf clubs, and LQMT sees a larger market than tech.
Don't be so doom and gloom. There's nothing to support your thoughts about falling to zero.
It's probably just the flippers who got in on Friday and Tuesday jumping ship because they see the volume to daytrade DIMI isn't there.
We'll settle in between .006 and .011 again until we get some news, IMO.
Interesting action today. Touched .019
Looks like somebody just posted their About page as a fake news release to get a little interest going.
Definitely not a statement from the company.
The price went up, so the question should be "Who and why is buying all these shares"?
But the answer is still unknown. Glad to see some activity though.
I'm still in it. I've been slowly accumulating and averaging down for about a year and a half. 350K shares as of today.
I kind of think Dimi Telematics's app became vaporware, but at this point I'm looking for a live company to RM into the DIMI "shell".
Somebody keeps propping up the share price 100 shares at a time at the end of each day for a reason. My guess is to sell the shell for more, but that's totally a guess.
If it stays in the .005-.01 range, any little bit of news or volume and it's a 10-bagger. Easy.
imo
They're not a penny stock.
There is a 100% sure-fire, easy way to tell when a company is a scam.
Go to their homepage. What are they advertising? Their stock symbol.
Real companies don't put their ticker symbol on their homepage. They don't put Investor Relations front and center. These guys are selling their stock, plain and simple.
Epic dump coming. In 13 years of investing in pennies, EVERY time I've seen a ticker symbol on the homepage, the company dumps.
They may let it rise first to maximize the return on the dump, so if you play, play with a finger on the trigger.
Just a word of caution. Carry on.