LQMT | Boy Genius Puts False Hope Into LiquidMetal Traders

LQMT Stock, OTC LQMT, LQMT.OB, LQMT Ticker, LiquidMetal Technologies Inc.If you banked big today on the penny stock of LiquidMetal Technologies, Inc. (LQMT) after an article was written by Boy Genius, congrats cause today was a hard day to make any money. The opinionated report claimed that, after his keen eye for design, Jonathan S. Geller seems to believes a LiquidMetal case will be unveiled for the first time on an iPhone. Once the report got out at 10:55 AM today, LQMT stock went ballistic, making traders as much as 230% profit, but for those who held overnight, expecting even bigger gains, the facts of the alloy’s good use might not be all that they had hoped for.

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Market Cap: 64.77M
Last: 0.202 ▲ +0.1395 (223.20%)
Volume: 91,187,416
Dollar Volume: $11,839,214
Open: 0.066
High: 0.21
Low: 0.0635
Trades: 7,070
Authorized: 500,000,000
Issued and Outstanding: 320,648,492
1st Resistance Point: 0.2535
1st Support Level: 0.107

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We were not involved with any portion of today’s success traders had on LQMT stock, but, at the same time, we are extremely happy for all who bought and sold during the trading session. LiquidMetal Technologies has been around for a long time and seen its fair share of runs, but nevertheless, always comes back down to earth since it is merely a company trying to survive in the tough world of bulk amorphous alloys.

For the 3 months ended March 31, 2013, LiquidMetal had $5.5 million in cash, liabilities worth $7.5 million, and revenues of just $117,000, -$66,000 less in revenues versus the same period in 2012; $183,000. That’s what traders really bought into today when they were thinking that the BGR report had any significant impact on what could eventually come to the Company.

As anyone can see on any of the 10-K filings for LiquidMetal Technologies, or the Q2 and Q3 filings from 2010, there is no more money coming to the company.

On August 5, 2010, the Company entered into a Master Transaction Agreement with Apple Inc. (AAPL), pursuant to which Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary called the IP Company. The IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and it also granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use.

In the 10-K description of the deal, it states clearly that under the agreements relating to the license transaction with Apple, the Company is obligated to contribute all intellectual property that they developed through February 2012 (which was subsequently amended to extend through February 2014).

For those unfamiliar with the definition, perpetual means forever. The licensing fee was booked during the 3 months ended September 30, 2010 when LiquidMetal Technologies reported revenues of $17.3 million for the period.

So whether or not the new iPhone is or isn’t made out of LiquidMetal, it makes no difference to the Company since they already got all that they are going to get from Apple. Thus the largest volume trading session in the history of LQMT comes off of false hopes of recurring revenues to be booked in the future.

About LQMT Stock

Liquidmetal Technologies, Inc. is a leading force in the research, development and commercialization of amorphous metals.

Click here to view the SEC filings for LQMT.
Click here to view the website for LiquidMetal Technologies.

Last 5 Trading Sessions:

Date Last Change % Change Volume
07/16/13 0.0625 -0.0005 -0.79% 1,758,400
07/15/13 0.0630 +0.0020 +3.28% 1,579,600
07/12/13 0.0610 -0.0005 -0.81% 1,774,400
07/11/13 0.0615 -0.0005 -0.81% 1,050,000
07/10/13 0.0620 -0.0050 -7.46% 2,290,604

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Bottom Line:

Whatever happens tomorrow for the penny stock LQMT, you can’t fault Geller for his article since he never once indicated that big money was due to LiquidMetal Technologies. He noted the deal the Company struck, as detailed above, with Apple years ago which is what sent LQMT stock into orbit today. Watching for a crashing hunk of space junk, look for the PPS to dip once the fever sets in and the cold sweats of the overnight holders and the shorters get their hands on some shares pre-market tomorrow.

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