Monday, November 12, 2012 8:52:58 AM
You have a good outlook and a positive spirit my friend!
Unfortunately, with Steipp having stated that there will be NO REVENUE for at least a few quarters, you will have the chance to but lower.
I'm not convinced of the reverse split as I don't see a need for it (at this point at least), but there will definitely be another round of dilution SOON.
LQMT is burning through cash and cannot financially make it for another 3 quarters (Steipp's words), so the only opportunity to avoid going BK is to dilute.
Additionally, if we plan on paying our debt(s) with stock, there are not enough shares available at this price to pay it.
The death spiral financing we are in is squeezing us to death.
To pay the $1,000,000 monthly loan payments with shares at ~.10 we need to pay with 10,000,000 shares EACH MONTH!!!
Dilution Imminent.
Hogs Get Fat, Pigs Get Slaughtered!!!
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