I am frankly surprised that this has not plunged below .10, I can't see what could be holding it up this long,
no news, no contracts, Apple has moved on. Not buying until it takes that dip.....where is it?
What happens to who? "Longs" would make a little money but nothing like what they expected, day traders would be happy, shorts (on a penny stock) would lose. Yet again. In my current view, this company is probably toast anyway, other technology is coming out and LQMT has no real sales. APPL has already left the the building.
I disagree that the 8-K implies any imminent M&A activity. Other stocks I've owned have taken similar steps for their top executives just to provide a bit of a bonus to them should the company be taken out or in some cases, a disincentive to entities contemplating a hostile takeover action, since these agreements would become a financial obligation on the potential acquirer. This is something that has become customary in the modern, rich-get-richer, executive-favored environment of corporate governance. This costs the shareholders nothing right now, so they know they can get away with it.
Yeah, that was a surprise for sure. Something is up, but what? I hope this does not get taken out at this
level, we would be way short of expectations for this stock. The BOD may be cutting a deal as we speak.