Another week passes and LQMT is down 8.11% from 0.1121 to 0.103 cents on extremely low trading volumes. This still causes confusion and paranoia by some to believe the price of this anemic trading stock with a lot of potential yet to be realized since inception over 25 years ago, is being manipulated by the money market makers. This belief seems to be stated only when the price of LQMT shares drop in price and not when LQMT’s shares pop up in price.. The daily share prices of LQMT are subject to wider price swings due to the anemic trading volumes.
Domestically for years now LQMT has stated that they need to find a manufacturer to satisfy any sales contracts involving companies prohibited from doing business abroad in China and perhaps elsewhere. They have iterated this problem, but so far have yet to resolve it or give shareholders an update. They have also stated the need for a second high volume manufacturer to satisfy potential customers, but so far this too has not been addressed in an announcement of resolution. As of this date shareholders have no clue as to any progress towards this important endeavor to help and support contracts domestically.
The chairman of the board shut down domestic manufacturing three years ago, laid off LQMT staff, one year later claims the absence of a backup manufacturer would help nail a whale and then two years later the new interim ceo alludes to the same claim and that it is necessary to be able to contract with a manufacturer outside of China due to government regulations.
All of this going on while a competitive private domestic manufacturer operating with a 50,000 + square foot facility is claiming success and 50% growth year over year.
All of this could have been resolved if the former ceo, (now the chairman of the board) never shut down the New OH, but should have added more capacity to manufacture. Note the new added capacity in China has yet to be used to it’s capacity as touted by LQMT. Was the decision to shut down LF CA and transfer manufacturing a conflict of interest? Is the problem of not having a domestic manufacturer of equal capacity a created problem? Can that too be considered a conflict of interest?
Seems a bit strange, a bit odd, a bit shady to invest $7 million in a new facility, cease the power upgrade and not invest more domestically at a time, when LQMT was claiming to have a customer or customers lined up that required high volume parts to be manufactured domestically. Why strange, odd and shady? Well just look at the bottom line of the 10K’s filed. Where are the high volume contracts? Not saying it was a bad idea to expand and find another manufacturer of parts for LQMT. But to shut down LQMT In LF CA, their own controlled source and now go look for another second party source to manufacture and just use the space to collect rent seems to me to be a bit ridiculous. Or did the former ceo just want to cut costs to save his own cash burn by shutting down the OH at LF CA., under the guise of cutting operating costs? Either opinion still bights LQMT in the bottom. LQMT could have kept the OH open and partnering with a Chinese manufacturer would not have cost them a dime more to operate.
While all of this is taking place many shareholders have been trying to connect any and all amorphous metal products and parts to a potential for LQMT to earn millions if not billions. So far these endeavors by outsiders have found only one connection to LQMT that has resulted in revenues received before LQMT itself acknowledged the connection. That connection was not in the field of consumer electronics, where LQMT is prohibited by the LQMT/Apple agreements. That connection was in the field of medical instruments.
I guess consumers in the USA do not like folding screen smart phones and other like products using LQMT’s IP. They only like those products when made in China and when China collects the revenues and prospers and not when LQMT collects revenues. The USA consumers don’t want LQMT to collect a single dime, not one penny from CE sales. Or could it possibly be that LQMT truly is prohibited from CE as stated. There must be some ridiculous clause that states all CE amorphous metal parts sold in the USA must contain the 105 formula and not the 106 formula so that LQMT is prohibited from earning $$$$ revenues from CE amorphous metal made parts in perpetuity. Must be because the bottom line of Li’s companies in China are growing, while LQMT’s bottom line is shrinking.
I believe researching the www will lead to the next medical connection for a possible contract and increasing revenues.
My opinions are always worth less than the price of LQMT.
Good luck to all in LQMT.
Anyone hear of Engle or Materion?
