Do you really think Liquidmetal Technologies Inc. (OTC: LQMT) is going to be making the cover for the new Apple Inc. (Nasdaq; AAPL) iPhone 5? Why? Because the company received royalties from Apple in 2010 for a one-time $20 million fee? Speculators traded over $2 million of LQMT stock in the last trading session to push the shares up 10.37% at 0.33 in what is becoming the biggest hyped-up penny stock in the market besides Facebook Inc. (Nasdaq: FB). Over 900 trades were executed trading 6,139,343 shares of a penny stock that won’t even benefit that much if they are the ones to make the new iPhone 5 casing.
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LQMT Stock Chart
Day’s Range: 0.30 – 0.38
52wk Range: 0.12 – 0.63
Volume: 6,139,343
Avg Vol (3m): 4,789,300
For months this speculation has been going on since Apple mentioned the words “new iPhone”. Who is to blame, Apple themselves for creating such an insane following to their products and everything that surrounds them. The 8-K filed (see here) does nothing but fuel the speculation more and dilute the penny stock further with the shares issued at a dime a piece. The “coming soon” website of Visser Precision Cast (see here) again adds more diluted speculation to the possibilities.
Look at that POS penny stock DoMark International (OTC: DOMK) and their wholly owned subsidiary SolaWerks, makers of the evolutionary SolaPad. Evolutionary? The MaxiPad was evolutionary. The SolaPad is nothing more than a knock-off scam that Sunrise Consulting Group (OTC: SNRS) ran years ago when the iPhone first came out. (see here)
Bottom Line: LQMT believers will tell you its the best of the penny stocks in the market. They will all be hoping for answers (which they won’t get) Wednesday at 4:30pm when Liquidmetal holds their informational update conference call. For the price f 1 share of LQMT stock, you could buy American Liberty Petroleum Corp. (OTC: OREO) for them same price and they are already selling oil or 3 shares of Advaxis Inc. (OTC: ADXS) which is on the verge of extending the lives of cervical cancer patients.
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