This is not the kind of incisive analysis to which we have been recently treated, but I’m beginning to develop a sense of kinship with my fellow LQMTers and this broad missive is respectfully offered to those who have been through the mill over the years.
It’s apparent that LQMT long timers (4+ years) have been, as I said before, Gut Shot, Snake Bit, Whipsawed, and Powder Burned. They want to BELIEVE because the BMG revolution makes for an intuitive good bet. Which it is, but there have been and remain lots of variables to consider and obstacles to negotiate. As is and always will be the case for the development and eventual success of any new initiative. Past leadership simply wasn’t up to the task, lacked sufficient resources/capital or their priorities did not align with stockholder expectations. Whatever the case, those stockholders got mangled time and again and in the process became conditioned to hearing and having to reconcile bad news. That’s their long-term experience to date and so it’s no surprise that “new news” (especially without the benefit of immediate and mollifying explanation from LQMT leadership) is met with premature doubt, trepidation, skepticism, and snark which displaces rational analysis from our available bandwidth (individual and collective). Insufficient up-front risk assessment/anoalysis leading to less than optimal expectation management is one of the pitfalls of jumping in with too much heart and gut and not enough head.
BUT, there is always time to (re)adopt a new paradigm that ups the DD/analysis and, as unemotionally as possible, synthesizes it with the intuition that led to acquisition of LQMT by some/many of our fellow shareholders in the first place. Eich, Kanadien, et al are great examples of that. But habits are a b11ch to break or change and it will take some time for others to delink their reactions to new news from what they have doubtless experienced in the past. Among other things, this takes deep breaths, conscious refocusing away from the spectre an internal appeal to logic, and an appreciation for the sound logic and analysis of others where merited. NOT merely a recalibration of yesterday’s confirmation bias, but a commitment to linking what is known to what is sought, for good or ill. Like other emotions, panic and demoralization are self perpetuating and contagious. Consider looking at it this way, if you have the brass to ante up to a stock with this degree of volatility, you can do it with some deliberation and dignity.
I have run out of analogies and metaphors. Apologies if this sounds preachy, it’s not meant to. Good Luck To All.