Sunday, October 30, 2016 12:40:45 PM
to try and do so at some point. As a practical matter, as largest shareholder and one vote away from BoD majority, he is all but in control. However, when he moves to acquire the controlling interest, it seems to me that would trigger any right of first refusal that Apple may have. Furthermore, if Li intends to have a NASDAQ listing, as many here suggest, LQMT currently
is not eligible for various reasons, and he will have to get the share price above a dollar. If he does it the old fashion way, by hard work and earning it, this will take some time. However, to accomplish this sooner rather than later, the reverse split is
a near certainty in my view. Reverse splits almost always
end badly for general shareholders, but there is a possibility this might actually work if the share value is raised well above a dollar, and the business plan immediately produces revenues and ongoing financial results, like a real company with a future. Without the latter, the higher share price from the RS merely provides a greater opportunity for shorts to ride it back down, and we will have a fraction of our current shares at a penny price level.
Recent LQMT News
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM