The current share price (lack of) activity indicates that you are entirely correct.
Nonetheless the absence of any "smart money" speculative buying makes me very uncomfortable. You know, like the guy at the poker table thing .....
On the other hand, and, in keeping with those who would like to see others be more optimistic, I would not at all be surprised to see some "Pump and Dump" rag make a bid to hype this story up between now and whenever the details of Li's plan (?) becomes known.
Meanwhile, I continue to scratch my empty head wondering why there has not been a dramatic jump in the share price as a consequence of Mr. Li's significant investment. After all, there is some logic to the notion that a person buying $64M worth of stock would do so in anticipation of seeing that stock price move higher as a result of the effort he intends to initiate.
As with all things associated with the LQMT stock share price a lot of this does not make any sense.