It looks like this week Liquidmetal Technologies, Inc. (PINK:LQMT) stock will be again in sight of investors.
Parallel to the company’s corporate announcements, an unpaid stock promotion and some stock alerts are also keeping the fire burning for the hot LQMT stock.
According to the disclosed information about LQMT stock promotion, five promoters are involved in the marketing initiatives for the stock since last Wednesday.
Analyzing the trading volumes during the last week and during Friday’s sharp price decline, it can be noticed that no matter what the new LQMT agreement was, the stock promotions had significant input into LQMT stock rush.
Last Monday, LQMT announced its Master Transaction Agreement with Apple Inc. Subject of the agreement are intellectual property assets of LQMT. According to it, LQMT, through its newly organized special-purpose wholly-owned subsidiary named “IP Company”, granted to Apple a perpetual worldwide fully-paid exclusive license to commercialize LQMT’s intellectual property in the field of consumer electronic products in exchange for a license fee.[BANNER]
On the next day, LQMT announced the appointment of Thomas Steipp. He was elected to the Board of Directors and will serve as the company’s President and Chief Executive Officer. The new Director has experience and background in working with publicly traded, technology-based industrial companies.
All these facts, accompanied by the stock promotions, resulted immediately in the LQMT stock rush. Despite Friday’s price correction and the 35.29% pull back, since last Monday the shares added 115.26% to their value.
Like in a classical stock promotion scenario, at the beginning of today’s trading session LQMT shares pulled 13.64% back on no news since last Tuesday.
