Another week passes and LQMT remains flat yet another week. Ending up and down about 2% each week for the past four weeks. This pause in the trend of the long term downward price of LQMT's share price (which began October 2017) is normal and happens often. It does not reflect an upturn nor does it reflect a stop in LQMT's loss of share value.
Occasionally LQMT experiences short term upticks. These upticks do not last more than a couple of weeks as the fundamentals of LQMT have not changed. For example: No news of new contracts, very little liquidity in trading or interest in the stock, No 8K's filed recently to reflect any positive transactions, Continued cash burn and increasing debt. The upticks often precede the 10Q's by a couple of weeks and also by a handful of speculators looking to buy low.
LQMT's operating expenses should show a decrease as trade shows have halted and manufacturing staff eliminated. How the rental agreements play out may be another story under the current cloud for doing business. Sales too, may show a decrease as well as they may have been already accounted for in the last quarter.
The SP will continue to decrease without a change in the very vague sales strategy that exists. This lack of a sales strategy is backed up by the fact that LQMT has never replaced it's sales executive nor formulated a new strategy to market LQMT's IP to take advantage of the larger manufacturing capacity they claim to have with their Chinese partners. Maintaining the same revenue numbers will not alter the long term path that LQMT has been drawing on the charts for over three years now.
Shareholder's value, has decreased since the OH. All believed with and for various reasons that this was the beginning of something good. Unfortunately, reality of the share price has not been so kind when compared to the theories presented on this board and where the share price is perceived to be headed.
As a poor metaphor, often these theories visit the land of Oz, where the share price will touch a $1.00 or more. But when all wake up the next day and look at the share price of .068 to .08, they realize no matter where they live, that they are still in Kansas. In the case of LQMT, somewhere in LF CA.
Maybe one day LQMT will be trading in the land of Oz. Just not today.
Good luck to all in LQMT
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