Another week passes and lqmt drops 8.1% from .109 to .101. As posted late last year lqmt, due to unannounced progress of new sales or increased parts orders from existing customers, slowly is walking back the pps and trending lower since their 2nd quarter 10Q, reinforced by over expectations anticipated by some before the 3rd quarter 10Q.
From reading the many posts these past few weeks, I don't think too many will be disappointed with the next financial statement. Seems many are not over expecting revenues this time around given the updates or lack of updates from lqmt.
So that all understand what is going on regarding the share price of lqmt. It is easy to be impressed with lqmt trading around a dime (.10 cents) just as it is to be unimpressed. But remember a few weeks before the 2nd quarter 10q and announcement of a reoccurring order, lqmt was trading between .072 and .082 a share. Not to cherry pick, take the low price of .072. lqmt is now still trading 40% higher than the July SP.
It is not much in terms of pennies. But it still is a lot better than .062 at it's low SP of last year. It will be even nicer, when lqmt inks a deal worthy of a dollar and more per share.
The trend for now is still for lqmt to continue to pull back and head lower just as it has been doing for over 7 months now since no news of new orders have been forthcoming from lqmt. This rend is not based on opinions positive or negative. But on simple economic facts of where's the revenues. Where's the beef.
Right now lqmt is only serving vegan food at very low prices of around 10 cents a bight. Who said there's inflation? All can have their fill for just 10 cents cheap. More D40 Mr. li, the wheels are rusting up again.
Good luck to all in lqmt
