At the conclusion of the last three trading weeks leading up to the first quarter’s 10Q, LQMT closed down 13.13% on very low trading volumes, putting LQMT right back to where it started the year on January 3rd, 2022. All of the capital LQMT acquired recently, all of the positive upward momentum of the (recent infrastructure and contracts and partnerships) PR’s, gone, wasted, wiped out. All of the outside hype and near term expectations since January 3rd, trashed, thrown aside and wiped out.
The statistics of the above are a fact. The rest are just my observational opinions. The fact is nothing has really changed with LQMT and their endeavors for success, except the worth of the LQMT portfolio on paper. Nothing fundamentally ever changed to move the share price up except a gamble that TC might be announcing something positive in a positive way leading to solid progress for LQMT’s bottom line. IMHO, it did not happen. Neither did the expectations for better results from the annual 2021 10K come close to fruition.
Hence the beginnings of the ride back down to where LQMT began the year. What ever and who ever accumulated shares, sold off their share’s perhaps for these four possible reasons. The disappointment of LQMT’s annual performance. The reality check and emotional reassessment of what LQMT, might report for this upcoming 10Q. The rise in inflation, global turmoil and it’s impact on all investments and there affects on corporate budget tightening as a whole. The thought of selling some and buying back lower to average down.
All in all, most if not all long terms are holding. And why not? Nothing has changed fundamentally for LQMT. Fundamentally a lot has changed to impact all investments outside of LQMT. This too eventually drags down even a non profitable micro cap like LQMT. Remember what affects the global economy affects LQMT’s major customers too. The rumblings of this mentioned in an earlier post have tumbled the markets as predicted. A recession will drive share prices lower of almost every investment. Mentioned too in an earlier post was for all to rebalance there portfolios to protect against a recession. Stock markets normally react before one hits as they are doing now. Also, we have midterm elections this November to decide politically who controls the house and senate. All of this impacts every investment. LQMT is not an exception.
Without positive news of progress, without new contracts soon LQMT can drift down below 0.06 and 0.05. By today’s trading volume and share price, one can say with certainty long term and short term shareholders are not expecting much for 10Q1.
Let’s see if LQMT can pull the rabbit out of it’s hat. Let’s see if all the dots and dashes and theories are in alignment. It’s the only thing LQMT’s got going for it as far as I know. And everyone knows, that I don’t know much.
Good luck to all in LQMT.
