Thursday, February 16, 2017 7:38:38 PM
The reason is this:
There is not any issue about financing: LQMT is paying cash for the building.
There is no issue about inspection or the condition of the property. All the contractual aspects of who has to do what by when have been settled. Any non-compliance would have brought about canceling of escrow weeks ago. Lugee never would purchase a property that wasn't suitable for his needs.
Each time I have surveyed the location, a contractor was at work preparing the property.
Thus, this is a normal settling of escrow, a necessary part of any property purchase.
NO BFD.
It is a non-event. Not a material event. It has already been announced and is cranked into the price.
Now, if Lugee were to breach the contract tomorrow, then THAT WOULD BE MATERIAL and the price of the stock would plummet, because that would bring about uncertainty and all kinds of speculation as to what is the problem.
See the difference?
There are three stages of truth: "First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."
This is also true of scams.
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:14:31 PM
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- 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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