Thursday, December 22, 2016 10:51:15 PM
As a side note, I don't think Li can sell any of his shares until LQMT's financial situation is much stronger - increasing revenue coming in and profits - because if he were to sell his shares, that would cause a panic.
I agree that a lower SP allows for a larger pool of potential investors, but I don't think that increasing the share price from $0.225 to $2.25 by reducing the number of outstanding shares from 882 million to 88.2 million is going to drastically reduce the size of the pool of potential investors.
Assuming SP does increase from a RS, then an RS brings us a little closer to being re-listed on NASDAQ. (I know that there are other criteria other than SP, but SP is one of them.) In the future, when revenue is flowing into LQMT, profits are soaring, and the SP is moving above the sweet spot where it is affordable to the average investor, LQMT could always do a stock split to keep the SP in that sweet spot.
I'm not saying the Li will or should do an RS, but I do think it is another tool in his toolbox for fixing LQMT.
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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