This stock is just waiting for a catalyst. One of many potentials hanging out there. The stock rise is anticipating one of those catalysts. Depending on the size of the catalyst and in what form will determine the next leg up and support.
So all the FUD'ers out there freaking out about the sp rise on Li comments alone dont understand how the market works or they know exactly how it works and are attempting to shake weak hands of their stock before another catalyst moves it higher.
The stock is above $.25 because 1) Li's last tranche was $.25 so a rational basis/support for the short term right there and 2) LQMT passed the bio testing which was significant and a necessary step before entering any medical device market.
The catalyst of a contract associated say with a medical device or automotive part is a reasonable assumption based on available knowledge so worthy of some pricing action on the stock. The price is exactly where the market says it should be until another catalyst.
Everything sits on Li and his timetable as outlined last year. So far he is right on schedule.
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