Absolutely correct. Anything is possible. After all, 20 years and .08 cents headed South does not support a rising pps nor any hint of increasing revenues. A ceo of over 400 million shares and a $65 million dollar stake at .16 cents now trading near .08 and headed further south without increasing quarterly revenues, losing over 50% of shareholder’s value for all shareholders does not paint a rosy future. These facts support your views.
Executives; Touting increased manufacturing capacity and reiterating the past excuses for the reasons why LQMT has failed and is failing to increase revenues is in fact a study of LQMT’s history and admission of failures year over year. Noting the wasted time and over $7 million dollars to open and operate a failed manufacturing facility and why a restructuring plan to manufacture by the executives is in fact a study of history of LQMT by the executives and their failures to add new customers annually. All of this and much much more supports your observations of LQMT’s past as it does not paint a rosy picture going forward.
Having 1000’s of customers and no new sales contracts are not reasons to buy. Having very low liquidity daily and near zero interest in the stock are not reasons to buy or add shares.
They are all reasons to add a short position to sell on a pop, while holding onto your long term position, while still waiting for LQMT to make that eureka moment and announcement of a new contract however remote that sounds knowing LQMT’s past, present and extremely vague future as expressed in LQMT’s own last filed 10q. In fact, I did not read any comments to that effect going forward.
Bottom line: No sales, no beef. No beef, pps headed south. If you or anyone else looks at the charts, it appears that history is repeating itself unfortunately to the downside and not the upside.
Good luck to you.