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Wednesday, August 29, 2018 10:40:06 AM
I want to believe he is a trustworthy soul, and like any other good entrepreneur wants to make money with his 405 million shares (and also wants his shareholders to benefit as well).
But these thoughts are colored by history. As has been documented ad infinitum on this board past management felt fine spewing falsehood after falsehood to us. They've received bloated salaries that can't possibly be commensurate to what they actually produced, if by "produced" we mean contracts and revenue.
So what is going on here? Is Prof. LI composed of similar fabric to past management? Are we being played...yet again?
Has the whole history of LQMT been one elaborate shell game?
And yet..it's funny. There is no dramatic running for the exits here by the shareholders. I surmise that the 1 to 1.5 million shares they get traded daily are just the MMs circle-jerking shares to one another, back and forth. So the core folks must believe that we are on the cusp of some profitable developments.
But then we have all these past executives that dumped their stock. We're they required to do so by Prof. Li? Did they dump because they know what we don't know..,,namely that there is no here here?
And yet: Li's has 38 million still in the bank, keeping the doors open. We aren't bankrupt.
But why go through the ruse (if it is a ruse) of buying a building in LF, stocking it with machines and paying large salaries to people who aren't producing any business?
Maybe I'm naive…but it seems on a practical level if we at least got a few words from Li via the blog…..that things are on track….a contract is imminent…anything…that would help.
Unfortunately asking us to be patient, obfuscating about the power upgrade, having no annual shareholder meeting……..those facts aren't helping to build shareholders trust in present management.
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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