Another week passes and LQMT is up 25% from 0.08 to 0.10 cents on extremely low trading volumes.
A lot of the same speculation of a contract connecting to Apple persists and with good intentions since the 2010 LQMT/Apple agreements. However despite all of the rumors and unverifiable internet information out there no new contracts exist.
Years ago these annual rumors along with market guru rumors, would spike the share price up. Today not so much. When all was said and done and no contracts appeared, many realized another wash rinse and repeat cycle was the result.
This recent rise from the 0.07’s to the 0.10’s did not begin with any new hype or speculation and occurred with a higher than normal trading volume pattern but still very low vs the float. This could be due to word of mouth of a pending new small contract or possibly something bigger. In any event IMO, if it had anything to do with a whale of any industry, one would think the spike volumes trading would be much higher than 10 million shares trading in one day and not in two weeks.
Whatever the reason for the increase in volume trading, it does not appear to be something big or an indicator of a new contract with a whale. The theories of LQMT benefiting from Apple using Liquidmetal in a product and LQMT receiving positive exposure while not receiving any revenues will still help to sign contracts with other companies, makes a lot more sense. After all even LQMT states the company is not well known in their SEC filed statements as a reason they are having a difficult time. It is obvious that this would help LQMT gain marketing exposure at zero costs to LQMT. But as far as contracts go right now, there are none
Good luck to all in LQMT.
Only time will tell if Li will keep his promise. Only time will tell if this recent bump up is not another wash rinse and repeat cycle.
Perhaps revenues from fees with the recent golf club contract is coming to fruition.
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