Whatever truths you share about this company and your personal intersections with the then financial officer Tony Chung, you and two others did not cause this stock to tank.
If you are talking about yesterday. LQMT did not tank.
LQMT slowly walked back the share price over several years from 0.44 cents to 0.352 cents due to lack of sales, inept management, forced internal decisions from a ceo now cob initials LL.
Due to very low trading volumes vs the float, LQMT can be manipulated or drop as much as 20% on anemic trading volumes as well as rise to.
Whatever impact from trades that took place yesterday, it did not cause the stock to tank. It caused the stock to pull back. This happens when financial data reported does not meet expectations and emotion from something said by the company cause an emotional reaction or the MM’s get a fart up their azz and play hot potato.
Given your situation, it was a logical emotional decision you made, all based on emotion from a rapport you believed you may have had with the company.
The only ones capable of tanking the stock are the insiders operating the company due to ineptitude or selling their shares the latter reason would become a legal action for those living here, not so much for LL living in China and no matter what outcome results from that action. Outside shareholders would still be screwed.
I don’t see that last reason happening as all can see they get paid, they get pay raises and stock options and warrants for doing a piss poor job.
LQMT imho has a very strong appearance of being a company that is controlled from abroad.
They are a conflicted company. There priorities have shifted to propping up manufacturing abroad and sales expansion abroad have resulted from this new relationship with a Chinese businessman in China’s footprint only.
There are no guarantees of success. This fact is stated in every 10K. There are only odds that the shares held by LL are enough to want him to see his shares grow in value. That is all ther is to this dice roll sad to say, until LQMT can prove otherwise. And no matter what lqmt does in it’s own footprint, due to forced decisions to abandon domestic manufacturing, they are now forced to outsource all manufacturing from the same highly praised businessmen who virtually owns LQMT.
Talk about being conflicted!
There is no love between the executives of LQMT and their shareholders. They even eat their own who disagree.
We have a 900 square foot facility gathering dust, where everything else apparently is at the mercy of an executive who resides abroad, works abroad and now collects a salary from all of his amorphous metal manufacturing companies in China and all of his non manufacturing companies in the USA. Courtesy of LL.
Nothing else. I think? I guess? Did I miss anything? It’s a dice roll a bet that LL wants to increase his share’s value, whereby we might benefit too. Others have been saying the same thing.
The only other way would be for tc to come up with a huge contract on his own. What the hell are the odds of that happening? You would probably win a power ball lottery first based on past performance.
People who bet on LQMT have to know it is LL’s house, LL’s cards, LL’s dice, LL’s rules and LL is the bank! It is not complicated. Knowing this I still hold.
Good luck to you.
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