By explanation alone. LQMT IPOed with 5 million shares in 2002 at $15 a share. Now there are more than 200 million outstanding shares. They diluted paying ineffective management for 10ish years and by using equity(shares) for dilutive financing to pay other bills. Now the share price is squat and the over and over again missed revenue deadlines, promises, gimmicks etc...., have made potential debtors wary to finance. That is why they do all these "investor" conference things. To bring in more suckers. Except, the big guys are privy to more info than the penny players.
Now that they are diluted all to hell, it might be a good time for management to consider doing a big ole far reverse and screw all the suckers of the past out of most of their equity. Release some new shares to the privelaged and sell some shares to make payroll.
Not to mention that they have sold away much of the rights to the intellectual property which is more dilutive than the actual equity in the shares.
Just my opinion of course.
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