Liquidmetal (LQMT) Losses Momentum and Is Now "Under Surveillance"
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Liquidmetal Technologies Inc. (OTC: LQMT) - which has seen its stock surge and fall back to realty recently on a deal with Apple (Nasdaq: AAPL) - is the subject of a negative story at TheStreetSweeper.org.
TheStreetSweeper discusses how the company failed to disclose that its longtime Chairman John Kang, who abruptly resigned, was convicted on fraud charges which were later overturned on a technicality.
The article also highlights the company's fall from a high-flying Nasdaq stock to a lowly pink sheet stock. In addition, questions are being raised about the accurate share count after massive dilution.
Shares of LQMT surged from an August 6th close of $0.29 per share to as high as $1.76 on August 12th after announcing the licensing deal with Apple. Shares have since sold off to $0.70 as details about the Apple deal have yet been disclosed.
You can read the article here.
TheStreetSweeper discusses how the company failed to disclose that its longtime Chairman John Kang, who abruptly resigned, was convicted on fraud charges which were later overturned on a technicality.
The article also highlights the company's fall from a high-flying Nasdaq stock to a lowly pink sheet stock. In addition, questions are being raised about the accurate share count after massive dilution.
Shares of LQMT surged from an August 6th close of $0.29 per share to as high as $1.76 on August 12th after announcing the licensing deal with Apple. Shares have since sold off to $0.70 as details about the Apple deal have yet been disclosed.
You can read the article here.
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