REALITY CHECK!!! LQMT began it’s ascent from late December 2015 @ .06 to peak almost two years later @ .44 September 2017. All of this occurred due to internal changes taking place. None of the increases were due to continued sales growth, but rather on the share purchase price by the new CEO, causing a chain reaction by talking about returning to profitability, moving to new headquarters and purchasing additional equipment, perhaps giving all an impression that sales might be imminent. In addition to all of this the new CEO announced an open house which this board refers to as the “OH”. This chain reaction to the above caused speculation by long term shareholders and other speculative short term traders. Much was read into Mr Li’s comments and much was expected from both the new CEO coupled with the rumors surrounding any and all of Apple ‘s new product releases in September. Add to this mix posted rumors surrounding new patents and a growing economy. All of this taking place and new traders wanting to get in on the bottom floor in anticipation of something big, created a perfect storm. When nothing materialized from both Apple & LQMT and other rumors surrounding the auto and medical industries. Much of it was caused by LQMT ‘s own website. It is no wonder that the ascent stopped/paused and reversed direction since September 2017. It happens all of the time to small, mid, large and mega cap stocks as well. The short term traders are gone and the helium/hype has left. The share price returns to a level where reality of it’s value is better reflected. The current level .24 to .27 give or take a penny remains in place still anticipating the announcement of a sale or another big rumor. If nothing happens quarter by quarter the share price declines as it should with any stock not producing positive results or meeting shareholders expectations. The bottom line is long term shareholders have nothing else but to hope that Mr Li ‘s investment into LQMT will bare fruit. Not rumors, not patents, not websites, not speculation, not blogs nor insider trading action none of these will result in long term growth. Only the promise made by Mr. Li to return to profitability. If you believe him, then you can bank on that promise and hope and expect he will produce for LQMT and you. If you do not believe/trust in the new CEO, then you missed the boat when it left in September of this year. It is time everyone here and every long term shareholder realizes this and does an honest REALITY CHECK!!!
Until the next boat arrives (hopefully soon).
Good luck to all
Be patient!!!
