I put in a sell order for $1.25 for liquid metal. I wonder if it will go through.
On a better note, volume is low. Hopefully this means those pesky damn day traders are gone. I know they are a few in there waiting to dump (like they did this morning).
It appears people are still waiting on WWDC. It almost appears they may not show the new iphone, which is fine. I'm waiting on Visser to say something to help
Also, I know that Visser is saved from the dilution, however, he may still vote AGAINST doing it. IF he is for it, there must be a reason. No way he wants the price to drop, even if he's saved. Doesn't make any business sense
There is obviously a reason for it. We say its to pay off debt, or funding for something else. But, and correct me if I'm wrong, isn't LQMT out of debt with the HELP from Visser? Thought he paid all the bills to keep the lights on, and also has a more money to ensure that they are in biz for rest of 2012.
So that being said, like the great mysteries of life, WHY would they still want to dilute with 100 mil more shares. And the next best question is, what is Visser voting his shares on? (the ones he HAD before May 1st, as we all know the ones he got now don't count as he didn't have them before May 1st).
It's not much voting power, but his 7 mill shares to vote is still good chunk of change. If everyone adds to his to go against it, it shouldn't pass. But then again, board of directors and management still hold the most and could still have it passed. We are all leaning towards it
Then another thing that comes to mind. IF Visser does NOT want the extra 100 mill shares of dilution, AND he knew this in advance, AND management is still going to pass it through, then I wonder if that will piss him off, or is he just going to roll with it? I think since he knew it in advance, he is probably FOR the dilution. This could also be why that was written into his contract that he is saved from it.
I guess I can add this to the list of questions for the ASHM, but doubt anyone would answer them. They could be answered before the meeting, but who knows.
What really needs to be done is more PR. Not to boost the stock price (that would be nice), but to keep us in the loop and reassure us that everything is still going right on track.
THROW US A BONE OR SOMETHING, ANYTHING!
that's my story, and I'm sticking to it
