Liquidmetal Technologies, Inc. (OTCBB:LQMT) Awaits Dilution Vote
In the past week, Liquidmetal Technologies, Inc. (OTCMKTS:LQMT) was one of the tickers that sought a clearer direction. And later today, the ticker may find it, but for now it hovers at 17 cents after losing nearly 2% on trading a bit above $282,000.
LQMT has been silent for a few days, drifting sideways all of the past week, so far only holding, but not improving on the gains from the brief promotion in August. The new week would most probably contain news and updates. LQMT went up in the days before the financial results announcement, and is generally popular with investors. Still, the company struggles to make a big enough breakthrough.
The results, still relevant, are as follows:
- cash: $4.2 million
- total assets: $6 million
- total current liabilities: $1.8 million
- total liabilities: $4.6 million
- revenues: $150 thousand
- net loss: $1.9 million
The company expects a proxy vote on a new share dilution, and the news may appear soon. So far, investors comment on a general lack of direction, but await a change within a week.
Another ticker that moves in a similar fashion is ImageWare Systems, Inc. (OTCMKTS:IWSY), a producer of biometric technologies. IWSY also ran up in advance of its earnings season announcement, and now awaits for a new cause to either lead it to higher levels, or for an inevitable unraveling of the $2.20 stock price.
Sigma Labs, Inc. (OTCMKTS:SGLB) also moves sideways, though its range is between 5 and 7 cents. Last week ended with a cautious climb, and we are looking toward the beginning of September for a change in either direction.
But with September being a traditionally slow month on the stock markets, those higher-priced tickers may take a break fro their wild run in the past months. If you still believe LQMT may come up with a positive development, 17 cents may look like a good entry price. But be prepared for the price to correct, or even take a nosedive, and avoid putting in unaffordable sums.