InvestorsHub Logo
icon url

Researchfyi

05/09/24 1:37 PM

#232578 RE: iateclube #232577

I think that logic is being reflected in the trading.
icon url

chipboarder

05/09/24 9:33 PM

#232583 RE: iateclube #232577

I don’t think there was very much “wiggle room” to play fast and loose with LQMT……they certainly didn’t inflate revenues or net income and the rest is cash and rental income. Pretty cut and dry.
icon url

Researchfyi

05/09/24 10:23 PM

#232586 RE: iateclube #232577

I believe the accountants for LQMT followed the rules for LQMT. Now there probably are a few accountants that may have made errors innocently or not. Could be political for all I know and they didn’t do anything wrong or it could be something else. But LQMT’s data on the 10K seems to be clear. You know the saying even if they were to put lipstick on a pig, it would still be a pig. I would venture to say that the 10Q1 would have been the same. Either they break the low bar of $30 thousand in revenue or they don’t. It’s not a big deal.

A big deal would be LQMT and their rag tag sales force to announce contracts, orders real growth.
That is the focus.

It would make zero sense to delay a $0.00 10Q1 or a $300 thousand dollar 10Q1. Neither would raise the sp to where investors want it to go.

Yes it would be great for my short term 2 years plus wash rinse and repeat cycle investment. But not for my long term position in LQMT. And that includes anyone else who bought a position for short term gains.

If LQMT continues without a deal, those short term positions will be like having another long term position.

Good luck to you.