Another week passes and LQMT is down 9% percent from 0.0643 cents to 0.0585 cents, on extremely weak trading volumes and little interest. The same when LQMT moves up or down.
Without new sales contracts of any size or an announcement of any progress from LQMT, either on their executive blog or in a PR, the trend for LQMT is to continue to head lower as the fundamentals remain unchanged and reported revenues decline. This long term trend has been going on for six years and counting and has not changed. In those years LQMT has burnt through almost 50% of their cash and 80% off of its share price highs. Declining income doesn’t help either. Neither does the Li muzzle imo. Help. It may be necessary but it doesn’t help new outsiders know what is going on let alone existing outsiders.
There is no basis for the share price to trend higher long term unless one uses the hypothetical view of insider knowledge. Try to stay away from hypotheticals. They just don’t pan out well.
All who are in LQMT understand the potential to various degrees. Many see the potential nullified by viewing the existing management team for being totally ineffective, incompetent or worse. While others continue to give the management team a free pass and still all imo, remain due to FOMO.
Otherwise everyone’s intellect would have overtaken everyone’s fears and they would have sold a long long long time ago at a higher price and then perhaps bought in at today’s rock bottom prices. At that point most would not have given a rats arse what LQMT’s management team was doing or not doing.
There is always the possibility of a deal to flip the share price upward on a multi million dollar deal. But absolutely no trend to climb up. Wash rinse and repeat cycles? Yes. Long term trend upwards? Zero!
Recently a pic of a Sony product was put up on their website in May of 2023. One can draw a conclusion this was no oops and it may in fact lead to a new revenue stream. The $$$$ as always TBD.
The consensus for the silence from LQMT apparently comes from LQMT and the constant secrecy regarding their work towards their goals for achieving any success as mentioned in their filed statements.
Perhaps in 2024 or 2025 or 2026 LQMT might succeed and if they ever do make it in 2023, I’ll be very thankful and glad that they did. It is the main reason why FOMO lives and is probably as stated above the reason why anyone holds on regardless of any other opinion at this time.
There is nothing wrong with expecting skies are the limit or beyond. It just might take more time to get there. Time that many long terms don’t have any more.
Seems like this board had/has it right the whole time. Who knew? I just try to post the facts. After all, everyone knows my opinions are worth less than the price of a share of LQMT.
Don’t be surprised if LQMT hits the 0.04’s. Like some thought below the 10’s 0.09’s & 0.08’s were not possible again not too long ago.
Good luck to all in LQMT.
Wish TC luck.
It’s unfortunate but the upper 0.4’s can happen real quick. Like within the month of June/July.
Based on fair value I don’t see the shrare price dropping below 0.041 cents. But the 0.04’s are a very realistic price for anyone to add money shares or to open up a new position. For wash rinse and repeat cycle dice rollers, imo, any price right now in the 0.05’s or 0.06’s are great. Always do your own DD before investing.
And when doing DD research. Try to look at the whole picture. For example: It’s not how much businesses invest in LQMT. It’s why? They did not invest to watch their stock depreciate nor to have the use of the IP sit idle nor spend millions on developing new patents.
Remember going up or down in share price with anemic trading volumes mean Bupkis.
