Another week passes and LQMT’s share price is down 5.784% from 0.05705 cents to 0.053745 cents on extremely weak trading volumes and little interest. The same when LQMT moves up or down.
LQMT is now into it’s 30th consecutive month without a new contract announcement for the order of parts from any existing or new customers.
In essence no legal requirement to file an 8K to have a major impact on the share price.
So what’s new? LQMT after updating anyone interested in the company the week before about a first time MIM order on their website using the executive blog. The company’s trading volumes each day never broke 500 thousand shares.
I can only conclude by the volumes trading this week again after the first order for MIM, attracted very little new interest in the company,
Other than those few involved in the purchase order bought a position.
There is a possibility that LQMT, if they are still engaged with the ring company, could see a bump up if the ring company receives as expected FDA approval in July.
In the meantime, if there is anyone here who bought shares in that ring company, it hit a new record low again this week. 024 cents.
I have no position in that company and wish all who invested like in LQMT Good Luck.
LQMT’s share price is holding in the low pennies. Now holding in the low to upper 0.05’s. The walk back down is usually slow after a run up. LQMT may very well hit the 0.04’s before the next 10Q2 is out. That possibility seems more remote basing it on expected positive news from the FDA for medical approval requested by the ring company.
A half a year has gone by and TC, like the trading volumes are producing Bubkis this year by way of legally documenting increased revenues and decreasing shareholder value since the beginning of 2024. As stated earlier. This decrease is despite an increase in revenues for the first quarter and a potential to increase annual revenues YOY by year’s end. Apparently purchase orders vs contract orders have different impacts on outside dice rollers.
As stated a gazillion times: with anemic trading volumes the share price means BUBKIS!
It would appear to me the LQMT silence has created this abyss of anemic trading. Perhaps to gain trust from a potential customer. To that end they have succeeded. On the other end there are negative reasons from scam to they are doing squat to ccp control of any information vis-à-vis Lugee Li.
In essence without PR’s, the blog is a good way to inform existing shareholders of anything happening, not a good way to market the company or their business to new ones.
Even some of the most positive bullish investors have stated they would be out of here if it hits 0.50 cents or a dollar a share! That to me is neither positive nor bullish. Nothing wrong with taking a profit at any price, but rolling the dice to me means $5, $10, $15 or more. Seems impossible right now due to the many failures to succeed. It is IMO, why those who are bullish will logically sell out along with those who are not.
Perhaps in 2025 or 2026 LQMT might succeed and if they ever do make it in 2024, all in it will be very thankful and glad that they did.
FOMO lives and is probably the main reason why anyone holds on regardless of any other opinion at this time. Not wanting to take a loss at this point is another.
I try to present a balanced view based on the facts not on the emotions of anyone hyping or bashing LQMT. I believe I nailed it correctly. This board has had it correct past and present from potential to expectations to hope to FOMO.
Unfortunately LQMT can still hit the 02’s. Not my wish. The performance of LQMT will decide that.
No matter what anyone’s views are for LQMT going forward. The fundamentals have not changed. That is the reality of the downside. To the upside imo, an investor should be prepared to look much further ahead as the CEO has stated LQMT has a chance of breaking even this year. Then again TC could be mistaken. And breaking even at the costs of LQMT doing business from operations at these low levels doesn’t do anyone any favors. HOW ABOUT A MULTI MILLION DOLLAR CONTRACT? TC did not seem too confident in that happening soon.
There is potential for a modest contract announcement to correct the southerly direction LQMT has been heading for the past seven years. If anyone is looking to earn some lunch money, this year could be the time to be in LQMT. The potential I speak of is based on the commentary from TC.
LQMT has stated at least for the 10Q1, they are still in the game with consecutive quarters showing income from the ring company without a contract.
Would be nice to see an announcement for a high volume reoccurring order again. Could send LQMT up. Way up depending on the contract terms. I hope whatever the contract terms are, they will be better than the ones LQMT usually settles for.
My bet is on one present and one former executive who hold at least 1 million shares and I’m not talking about LL, regardless of how low the SP goes.
Will this be the year revenues increase consistently? Only the 2nd, 3D, and 4th Q’s will tell.
We haven’t heard from the C.O.B. Lugee Li, Since he abdicated his LQMT ceo position. Anyone interested can read post #232832 and perhaps add their own thoughts. I would like to think his goal is to make LQMT a success.
Good luck to all in LQMT.
Wish TC luck.
Just a couple of years ago dice rollers were talking about the share price being over a dime. Now dice rollers get giddy when they see 0.6’s or 0.07’s. What the hell happened? Imo, which is always worth less than the price of a LQMT share. 0.20 cents would be a great start to get excited again.
AI
