Another week passes and LQMT is down 8.5% from 0.0995 to 0.091 cents on extremely low trading volumes. YTD., LQMT is flat and occasionally going negative for the year.
A quick review of 10Q1. Like past 10Q’s revenues are way to low to be meaningful. Although better than estimated and better than their average historically for a first quarter. There is just so much you can cut in operating costs from employees to justify any savings. Even if executives forfeit their salaries, the revenues, the existing contracts are so meaningless it would not help. Cutting the operating costs is not going to solve their huge marketing and sales problems stalking the company since the LQMT/Apple debacle of 2010.
The part of the quarterly report that needs help badly is in sales, contracts to increase demand for both new parts ordered and new demand for LQMT’s stock. To this end LQMT fails miserably. They need a solid cohesive sales strategy backed up by experience with LQMT’s capacity for amorphous and non amorphous product parts to be manufactured and not novices. In essence IMHO, THEY NEED A NEW PLAN THAT CAN REEL IN CONSISTENT GROWTH, not just a one off.
It shows, it stands out on the marquee in bright lights…sales are crap! Shareholder’s need a million per quarter!!! It’s why trading volumes are anemic and the price will remain dormant floundering in the low pennies from 0.05 to 0.18 created by pops and dips from micro small contracts. Bottom line the fundamentals have not changed. Thus debt from operations continues to accumulate.
For LQMT, its no longer about the potential. Its no longer about any new application theories. The applications for LQMT were always infinite. Nope, for LQMT the ticket remains just a guess. A guess when a mega contract will be landed. A guess when any contracts will be landed. A guess when this will happen is the only thing ever happening and the only reason for a long term roll of the dice.
On the other hand there is only one reason to add a short term position and sell one each time there is a wash rinse and repeat cycle. To make money while playing the long term guessing game. Guessing when LQMT pays off is definitely a reality if you think LQMT is prepared to land a whale. Guessing is a real strategy for a company that talks the big talk, but can’t walk the big walk.
The share price of 0.09 is not an accident. Anemic trading volumes are not an accident. It occurs when the strategy to increase sales are inept and executives are ineffective in resolving a reoccurring problem using the same methods, the same strategies to increase sales.
If teams abroad can do it in China with the same executive who is involved and invested on both sides of the isle. Then there should be no problems for LQMT to do the same on this side of the isle. Not unless there is a huge conflict of interest. Otherwise LQMT does not offer up any other explanations. It’s not the pandemic, its the same material and if its not the Professor, then who the heck is it? As long as the Professor who owns 45% of the companies stock, you can’t blame TC or any of the other employees. Only the one involved and invested on both sides of the isle IMHO, is the common denominator to LQMT’s problems as well as the solution.
Good luck to all in LQMT.
It’s going to be a long long ride. Or maybe not. I guess.
