No reason for the drop in pps. Any recent buyer or short term buyer could not possibly have expected without any pr announcement between quarters something else, unless that investor has zero experience or borders with a bit of insanity. For two years now LQMT has been preparing for client contracts. They state that they are now capable of fulfilling obligations of interested clients. At the same time they have maintained relationships with their licensee partners, and that includes Apple. In other words they still share technological progress!
Now if you are a long term and rolled the dice, you are holding and not selling. Others who have not a clue and buy on hype or pumping and dumping tend to sell, when clueless.
Unfortunately long terms are reaching their limit with LQMT. Hence anyone would be disappointed and justified.
Constant blather in the 10K does nothing for a long term shareholder. However the little progress that it suggests is in line with the expectations of most long terms even if it means LQMT is behind in terms of a contract.
Knowing what may be going on at LQMT as they state in the 10K, means that the old tree of LQMT is about to bare fruit. Meaning this is a good time to be in LQMT, and if you are a high risk roller, this would be the time to buy for the short term.
Why? Only because LQMT, is stating that they are now in a position to not only attract clients, but to also manufacture or fulfill the contract. Basically it is a repeat of the February blog with a little more detail. However, it is only an opinion in the 10K and speaks nothing to any contract size. It’s not about Apple, CE, Medical, Auto or R&D etc., etc. its about contracts and revenue.
The bottom line: the integrity of the new CEO is on the line.
Good luck to all
