Back in the day, most long terms won’t know this but the average share price during the month of May LQMTs IPO, was $9.57 and the price of a first class postage stamp was 0.34 cents.
Today, the cost of that stamp went up 130%. To 0.78 cents. The cost of a LQMT share down 98.88% to 0.107 cents.
If LQMT could have duplicated the increase of its average ipo opening month of April 2002, inline with the cost of a first class postage stamp, the share price trading today would have consistently increased in value and would be trading around $22 dollars a share. If it just kept up with inflation, it would be worth a little over $16 dollars.
The offering price was $15 dollars a share. Now here’s the best part. The shares outstanding, for the initial offering JUST 5 million shares. Total Outstanding share dilution at that time was another 35,731,986 shares. Today, outstanding shares are LITTLE ABOVE 917 million. A little over 22.5 times the original shares offered for sale. At today’s share price that would be about n $2.40
The average IPO share price of $9.57. That would be a whopping $215 dollars.
No matter how you slice it share dilution to pay for the unearned salaries has sucked the value out of every outside shareholder since inception, and inflation buried everyone, no matter when you invested.
Kind of puts everything into perspective. And here everyone who is in LQMT longterm, for the long haul is still somehow thinking LQMT stock, going from 0.0352 cents to 0.16 cents was fantastic! A big WOW. In the scheme of things it is bullshit.
Still think it’s great? Still all giddy? And somewhere on this board and on other boards too, there are posters, ignorant or stupid, I don’t know which, neither do I care, think I am too negative, too harsh, too repetitive. If my numbers are correct. THEY ARE DAMN WELL RIGHT ABOUT MY MOOD!!!
What’s posted above is the scorecard throughout the history of how well LQMT executives are doing just in the area of dilution.
It’s going to take one helluva fricken contract to correct the ineptitude of all executive officers whoever held that title to correct, And since 99% of current shareholders are still stuck in this abyss. They will be happy to settle for $1 or $2 dollars.myself included.
It’s a long way from 0.107 cents to a dollar. Forget about how many more years is left on LQMTs fuse connected to a bomb marked bankrupt. What about our fuse on our time bomb, marked deceased?
Good luck to all in LQMT.
Wish tc luck.
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