What about all your inane comments about LQMT going to 3 dollars? You pushed this stock and made so many predictions of huge gains to come you changed your name from cocofromafrica to cocofromafrica101 in an effort to hide your idiocy. Go back to Africa and shut up. No one cares what you think
Suggestion....... Buy a real stock and wait and see if the lipstick they are putting on this pig sticks.. lQMT was once a $20 stock, there is plenty of time once it gets back to the NASDAQ. If it ever even gets there.
The deal with the Chinese company was very timely as LQMT was out of cash mid May. That gives them some breathing room and saved them from going under.. Now we will see if having cash and a new board member to bolster their ineffectual management team can equate to some actual revenue and real product production.. I wish you well however I made my money from LQMT back at 38.5 cents and am not willing to risk that profit at this point.. If LQMT is a viable company there will be plenty of oppertunity once they are back on the NASDAQ I am not savy enough to understand what the new huge float will mean for share price and the limited ability to sell shares on the BB market..LQMT once had a billion dollar company time will tell if that was wishful investor thinking or the real deal
Give us a break kookoofromafrica.. You changed your name from cocofromafrica to cocofromafrica101 to hide from your previous post about LQMT going to 2 dollars two years ago. Where was your stupid lip flappin when it hit .06
LQMT reported $2,773,000 of unrestricted cash at the end of 2015. Their burn rate for 2015 was $7,236,000 which equates to about $603k a month. That leaves them a total of approx. 4.6 months of operating capital (as of Jan 1 2016) and with almost no revenue incoming (a total of 98k for 2015). I am no sea captain, however it appears to me like the SS LQMT is heading for an iceberg and will make contact in mid May. If I was still an investor in this company, I would be looking for women's clothing and quietly shuffling toward one of the life boats.
You might want to very carefully read SEC 8k filled by LQMT on Feb. 4th It sounds like the officers are setting up exit plans for when company is disolved Soon the facts are going to eclipse company generated press releases
I do not sir. CoNext in its last SEC filing stated they had 150k of the 1.5 million they needed. So both CoNext and LQMT are trying to raise money. And I believe the "currently schedule for early next year" language can legally be changed at any time. I believe CoNext needs to give the FDA 90 day notice ins 501(k) of intent to market, so the FDA can determine safety and effectiveness of the device. iHow many of the devices would they make if they did not know if they can even sell them? I think LQMT with its 3rd qtr 2.4 mil operating loss and only about 4.4 of non restricted cash on hand looks bad. I admit I am no longer a believer in LQMT and I am no business expert, however when the stock price hit .06 I said to myself " I wonder what announcement LQMT will come up with this week to try and boost stock price" and presto they announce "news" and that "news" is released through a paid "news" outlet. LQMT had 42k in sales with 2.4million in costs in the 3rd quarter. This company was once a $20 big board stock now they are a .0635 penny stock. Again LQMT could pull this off I just am suspicious that it could be anywhere near big enough and soon enough to pull this company out of its recent nose dive. But I do hope for you and others(including a good friend of mine) that are still in this stock, you get the needed movement soon. Again best wishes
Again Joey I wish you well in your LQMT investment however CoNexions has not even filed its 501(k) with the FDA for this product and in CoNexions SEC amended filing they raised the max. pay out to officers of the company to over 635k from the offering. Not saying this might not turn into something, but the payoff is not quite in the near future. LQMT still has to survive as a company long enough to make this work out and I think the amount of cash available (minus the 2 million in restricted cash they can not use for forward operations) reported on their year end statement might be a problem. If they run out of cash the only way for them to raise capital would be to issue more stock and that would seriously dilute the current stockholders equity. I hope they make it, but a pre-production shipment for a product CoNexions can not even make yet, is not all that great of a stock moving announcement, as evidenced by todays' low volume and almost no appreciation in stock price. Again good luck though and we will keep our fingers crossed for you.
Because we are nearing the end of the year and a new earnings statement will becoming out showing the company continues to bleed cash as it's line of credit runs out, has pitiful sales, and not much in terms of product or actual contracts for the future.
We have a relatively limited history of producing bulk amorphous alloy components and products on a mass-production scale. Furthermore, the ability of future contract manufacturers to produce our products in desired quantities and at commercially reasonable prices is uncertain and is dependent on a variety of factors that are outside of our control, including the nature and design of the component, the customer’s specifications, and required delivery timelines. Such factors will likely require that we raise additional funds to support our operations beyond 2015 and into 2016. There is no assurance that we will be able to raise such additional funds on acceptable terms, if at all. If we raise additional funds by issuing securities, existing stockholders may be diluted. If funding is insufficient at any time in the future, we may be required to alter or reduce the scope of our operations or to cease operations entirely.
This Company(LMAO) did a 500 to 1 reverse split which means the 2.80 stock price is in fact a .0056 stock. NEWS FLASH.......half a penny stock takes country by storm. Fake company that consists of a guy, an apartment, and a computer. Even their accounting firm quit saying they saw no way for the company to continue.