Short interest for Liquidmetal Technologies gives investors a sense of the degree to which investors are betting on the decline of Liquidmetal Technologies's stock. Short interest data is updated every two weeks.

Liquidmetal Technologies Stock (OTC:LQMT), Short Interest Report

Liquidmetal Technologies

Liquidmetal Technologies Inc is a materials technology and manufacturing company that develops and commercializes products made from amorphous alloys. The alloys consist of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. Its product application spreads across various industries which includes aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.

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LQMT

On Tuesday, shares of Liquidmetal Techs (OTC: LQMT) experienced volatile short activity. After the activity, the stock price went up +5.26% to $0.08.

The overall sentiment for LQMT has been Bullish.

Short Volatility Alert: Liquidmetal Techs

On Wednesday, shares of Liquidmetal Techs (OTC: LQMT) experienced volatile short activity. After the activity, the stock price went up +16.67% to $0.07.

The overall sentiment for LQMT has been Bullish.

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LIQUIDMETAL TECHS INC by Liquidmetal Technologies, Inc.

Liquidmetal Technologies Inc

Tony Chung, Chief Executive Officer at Liquidmetal Technologies (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LQMT#OTC">LQMT</a>), reported a large acquisition of company stock options on August 21, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001141240/000089706923001251//Archives/edgar/data/1141240/000089706923001251/0000897069-23-001251-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Chung, Chief Executive Officer at Liquidmetal Technologies, a company in the Materials sector, was just awarded stock options worth 7,500,000 shares of LQMT. The options give Chung the right to buy the company's stock at $0.07 per share.
Liquidmetal Technologies shares are trading up 1.89% at $0.05 at the time of this writing on Tuesday morning. Since the current price is $0.05, this makes Chung's 7,500,000 shares worth $405,000.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001141240">Check Out The Full List Of Liquidmetal Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Chief Executive Officer at Liquidmetal Technologies Acquires Company Stock Options Worth 7,500,000 Shares

Spruce Point Capital Management, LLC (&ldquo;Spruce Point&rdquo; or &ldquo;we&rdquo; or &ldquo;us&rdquo;), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled, &ldquo;A Recycled Story By Two Questionable Management Teams LODE&rsquo;d With Issues,&rdquo; that outlines why shares of both American Battery Metals Corp. (OTC:<a class="ticker" href="/stock/ABML#OTC">ABML</a>) (&quot;ABML&quot; or the &quot;Company&quot;) and Comstock Mining Inc. (AMEX:<a class="ticker" href="/stock/LODE#AMEX">LODE</a>) face up to 90% downside risk. Download or view the report by visiting <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sprucepointcap.com%2F&amp;esheet=52393459&amp;newsitemid=20210310005665&amp;lan=en-US&amp;anchor=www.SprucePointCap.com&amp;index=3&amp;md5=f34b5206c7552eb1087af577d2938d59">www.SprucePointCap.com</a> and follow us on Twitter <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fsprucepointcap%3Fs%3D20&amp;esheet=52393459&amp;newsitemid=20210310005665&amp;lan=en-US&amp;anchor=%40SprucePointCap&amp;index=4&amp;md5=2e2808cc248a8111231364991ef68f01">@SprucePointCap</a> for additional information and exclusive updates.
Ben Axler, Spruce Point&rsquo;s Founder and Chief Investment Officer, commented:
&ldquo;Booms and busts in stock prices are often greatest in speculative mining and technology plays that tantalize investors with optimistic revenue and profit outlooks, yet often stem from baseless claims and companies with a history of failure. We saw this in 2012 and have a proven record of calling out stock promotions in these sectors, namely <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sprucepointcap.com%2Fliquidmetals%2F&amp;esheet=52393459&amp;newsitemid=20210310005665&amp;lan=en-US&amp;anchor=Liquidmetal+Technologies&amp;index=5&amp;md5=43166067031d8e9e41dbc62502038a2a">Liquidmetal Technologies</a> (OTC:<a class="ticker" href="/stock/LQMT#OTC">LQMT</a>) and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sprucepointcap.com%2Funited-states-antimony-corp%2F&amp;esheet=52393459&amp;newsitemid=20210310005665&amp;lan=en-US&amp;anchor=US+Antimony&amp;index=6&amp;md5=c523c7ea845b12f4e415ed07d1bd902d">US Antimony</a> (AMEX:<a class="ticker" href="/stock/UAMY#AMEX">UAMY</a>). We see extreme parallels between these promoted failures and American Battery Metals Corp. and Comstock Mining Inc. These companies appear to have hitched their wagon to investor enthusiasm for electric vehicle battery recycling, and their prospective plant&rsquo;s proximity to Tesla and its Gigafactory in Nevada. We recommend investors exercise extreme caution at these extended valuations and urge shareholders to closely examine why we believe both companies are Strong Sells.&rdquo;
&#x2A;&#x2A;&#x2A;
Spruce Point Report Overview
We urge investors to review key findings in Spruce Point&rsquo;s report and hold management accountable for answers to the following issues:
<ul>
<li>We believe optimistic claims for near-term revenues and profits from electric vehicle (&ldquo;EV&rdquo;) battery recycling are likely to disappoint long after insiders sell out and share prices correct. After speaking with a renowned expert, we believe the EV battery recycling market will be slow to develop. There&rsquo;s no existing infrastructure to recycle lithium-ion batteries, only a fraction of EVs are nearing end-of-life, most batteries are repurposed for other applications rather than recycled, and recycling is not currently economical as most key battery materials are not currently in short supply. ABML is making claims it can achieve $200 million of revenue and 78% net margin, while LODE is claiming $100 million of sale and $30 million of profit potential within three years. Our report dissects why investors should be incredibly skeptical of these claims given neither company has outlined exactly where the battery supply will come from, and who the customers will be. In addition, we believe neither management team has any prior experience in the battery recycling industry and is currently relying on recycling processes that have not been proven at commercial scale. In addition, a host of other environmental and regulatory permitting and approvals remain to be addressed.</li>
</ul>
<ul>
<li>A recent Freedom of Information (&ldquo;FOIA&rdquo;) request made in Fernley, Nevada contradicts management&rsquo;s permitting claims. To date, ABML has made a purchase of land in Fernley, but has been slowly walking back its timeline to have a fully operational battery recycling facility. Management recently said it is finalizing its permitting process with the city and that permits are in process. Yet, the City of Fernley, Nevada affirmatively stated that no applications or permits have been submitted to date on the parcel of land owned by ABML. ABML is still in the land entitlement phase.</li>
</ul>
<ul>
<li>We believe both management teams are promotional and have a demonstrated track record of failing investors&rsquo; expectations in past business ventures. ABML&rsquo;s CEO Doug Cole and Director Doug MacLellan have failed to disclose on their respective biographies associations with numerous failed business ventures. Most alarming, CEO Cole was a Director at Longwei Petroleum, an SEC-charged fraud, while Director MacLellan was Vice Chairman at AXM Pharma, a company the SEC issued a cease-and-desist order for financial reporting fraud. Investors should also be alarmed that ABML is using an increasing number of Investor Relations and Consulting firms to promote its story. We believe that not all of these consulting arrangements have been properly disclosed. With respect to LODE, we believe it failed on its gold and silver mining objectives. Investors should be aware that in 10 years as CEO, Corrado de Gasperis has raised $176 million of capital and accumulated $114 million of negative Free Cash Flow. In 2020, ahead of its claims to transition to a &ldquo;green metal company&rdquo; and the formation of LiNiCo, we believe red flags such as special bonuses to the CEO, a financial misstatement and identification of a material weakness, auditor dismissal, and a CFO resignation have emerged.</li>
</ul>
<ul>
<li>Conflicts of interest and limited management engagement. Many of ABML&rsquo;s executives have other business interests that we believe distract from the attention ABML requires. Most notably, we are concerned by ABML&rsquo;s Chief Resource Officer Scott Jolcover, who is also a &ldquo;consultant&rdquo; to LODE and manages &ldquo;all commercial transactions.&rdquo; This is concerning given that LODE&rsquo;s formation of LiNiCo places it in direct competition with ABML&rsquo;s battery recycling ambitions. It should be noted that we believe Scott Jolcover is related to Jeffrey Jolcover, who was convicted of securities fraud, mail and wire fraud, and money laundering. A local source in Nevada stated that Jeffrey Jolcover works with LODE&rsquo;s largest shareholder, John Winfield, at D.W.C. Resources. Furthermore, Scott Jolcover is the registered owner of Playmate Ranch and Spa, a legally operated brothel in Mineral County, Nevada. ABML has told investors it expects to &ldquo;uplist&rdquo; its shares to a major stock exchange. However, we believe it does not currently qualify and that major exchanges could potentially take issue with the reputational risks associated with this situation.</li>
</ul>
<ul>
<li>We believe investors should brace for up to 90% downside risk as timelines are pushed out, dilutive capital is raised, and profits fail to materialize. ABML currently has a going concern warning, is thinly capitalized, and has raised capital from an entity named Tysadco Partners LLC. We believe this firm is linked to a FINRA-barred investment broker named Robert J. DelVecchio Jr. ABML&rsquo;s market capitalization is currently in excess of $1.4 billion, despite no revenues and questions surrounding the accuracy of its permitting claims. We believe there is substantial downside risk if it fails to achieve its commercial claims. It should be noted that CEO Doug Cole was selling stock at $0.10 cents per share in 2020, prior to the recent increase in share price. As it relates to LODE, we believe it has failed to deliver on its corporate promises, has a subpar CEO, and has illiquid assets of little productive value. We believe the LiNiCo transaction won&rsquo;t succeed and that investors should value LODE at a multiple of its cash to reflect going concern. Our price target is approximately $0.35 - $0.70/share.</li>
</ul>
&#x2A;&#x2A;&#x2A;
Please note that the items summarized in this press release are expanded upon and supported with data, public filings and records, and images in Spruce Point&rsquo;s full report. As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sprucepointcap.com%2F&amp;esheet=52393459&amp;newsitemid=20210310005665&amp;lan=en-US&amp;anchor=www.SprucePointCap.com&amp;index=7&amp;md5=e8c7455175dd7de3778d0ff6b264d611">www.SprucePointCap.com</a>.
As disclosed, Spruce Point has a short position in ABML and LODE and owns derivative securities on LODE that stand to net benefit if its share price falls.

Short Sellers

ABML

LODE

UAMY

Short Seller Spruce Point Issues Press Release On Strong Sell Opinion On Comstock Mining

Liquidmetal Technologies (OTC:<a class="ticker" href="/stock/LQMT#OTC">LQMT</a>) reported $421 thousand in sales this quarter. This is a 66.40 percent increase over sales of $253 thousand the same period last year.

Earnings

Liquidmetal Technologies Q3 Sales $421K Up From $253K YoY

LIQUIDMETAL TECHS INC by Liquidmetal Technologies, Inc. (OTCMKTS: LQMT) reported $253 thousand in sales this quarter. This is a 602.78 percent increase over sales of $36 thousand the same period last year.

LIQUIDMETAL TECHS INC by Liquidmetal Technologies, Inc. Q3 Sales $253K Up From $36K YoY

Management

lqmt

Liquidmetal Names Bruce Bromage COO

Liquidmetal;Technologies, Inc.(OTC: <a class="ticker" href="/stock/lqmt#OTC">LQMT</a>) is pleased 
 to announce that TML &amp; Associates has been added as a Manufacturer Sales 
 Representative covering the state of California. With its headquarters 
 in&nbsp;Arcadia, CA,&nbsp;TLM &amp; Associates has been serving customers in three 
 states throughout the Southwestern U.S. for over 30 years. TML &amp; 
 Associates represents companies that excel in their respective 
 technologies and manufacturing fields.
 “TML &amp; Associates is pleased to partner with Liquidmetal Technologies to 
 introduce amorphous metal molding to new customers and applications. We 
 are excited about the opportunity to educate manufacturers about this 
 cutting-edge process and enable them to utilize Liquidmetal 
 Technologies' process
 <a href="http://www.benzinga.com/pressreleases/14/10/b4892971/liquidmetal-technologies-adds-tml-associates-as-a-manufacturer-sales-re">See full press release</a>

Contracts

Press Releases

Liquidmetal Announces TML &amp; Associates as Manufacturer Sales Representative 

<a href="http://www.forbes.com/sites/connieguglielmo/2014/01/18/apple-loop-great-things-coming-iphone-6-rumor-roundup-jobs-biographer-says-google-rules-mac-turns-30/">Forbes reported Saturday</a>, based on an article in <a href="http://www.macrumors.com/2014/01/13/liquidmetal-buttons-sensors-screws/">MacRumors</a>, that Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) is testing alloys from LiquidMetal Technologies (NASDAQ: LQMT) for the iPhone 6. The use of these materials would enable Apple to make the next iPhone, which is rumored to be released in 4.7-inch and 5.5-inch versions, thinner and lighter.

There is speculation, the iPhone 6 or "iPhone Air", could be launched as early as the WWDC in June, while other reports suggest a September release.

Rumors

AAPL

Forbes Reports Rumor Apple Testing LiquidMetal Materials for iPhone 6

View <a href="http://www.patentlyapple.com/patently-apple/2013/11/apple-seeks-patents-for-five-new-liquidmetal-inventions-covering-3d-printing-and-more.html">content</a>

Legal

Movers

Tech

Apple Seeks Patents forLiquidmetal Inventions Covering 3D Printing -Patently Apple

View <a href="http://www.patentlyapple.com/patently-apple/2013/11/new-patent-sheds-light-on-the-iphone-created-with-liquidmetal.html">content</a>

LiquidMetal Shares Spike Higher; May be Attributed to Patently Apple Article on Use in iPhone

View <a href="http://bgr.com/2013/05/28/htc-liquidmetal-smartphone-release-date-rumor/">article</a>

Rumor of HTC Liquidmetal Smartphone -BGR

View <a href="http://www.ocregister.com/news/apple-368581-liquidmetal-technology.html">here</a>.

From Tuesday: Liquidmetal could Transform Apple Gadgets -Orange County Register

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

Liquidmetal Technologies

Liquidmetal Technologies (<a class="ticker" href="/stock/lqmt#">LQMT</a>), the Rancho Santa Margarita, CA developer of patented alloys, fell 12.71% Wednesday on lower than average volume.

On June 15, 2012, Liquidmetal Technologies and Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) entered into an amendment to the Master Transaction Agreement that they previously entered into on August 5, 2010. Under the MTA, the Company was originally obligated to contribute to Crucible Intellectual Property, LLC, a special purpose subsidiary of the Company, all intellectual property acquired or developed by the Company through February 5, 2012, and all intellectual property held by Crucible Intellectual Property, LLC is exclusively licensed on a perpetual basis to Apple for the field of use of consumer electronic products under the MTA. Under the Amendment, the parties agreed to amend the MTA to extend the February 5, 2012 date to February 5, 2014.

Liquidmetal Technologies closed at $0.32 on Wednesday.

Pershing Gold Corporation

Shares of Pershing Gold Corporation (<a class="ticker" href="/stock/pglc#">PGLC</a>), the Lakewood, CO gold exploration and development company, rose 2.21% Wednesday on average volume.

Pershing Gold Corporation announced that Coeur d'Alene Mines Corporation (NYSE: <a class="ticker" href="/stock/cde#NYSE">CDE</a>), has purchased 10,937,500 shares of Pershing Gold Corporation Common Stock in a private placement priced at $0.32 per share. Dr. Phillip Frost, an existing shareholder of Pershing Gold, joined Coeur in this private placement through Frost Gamma Investment Trust, purchasing 1,562,500 shares of Pershing Common Stock under substantially the same terms and conditions as Coeur. Coeur and FGIT will have the right to participate in future financings to maintain their respective ownership interests. Gross proceeds of the private placement totaled $4.0 million.

Pershing Gold Corporation closed at $0.37 on Wednesday.

China Shen Zhou Mining

Shares of China Shen Zhou Mining (NYSE: <a class="ticker" href="/stock/shz#NYSE">SHZ</a>), the China-based mining company, rose 20.27% Wednesday on slightly more than average volume.

A report on <a href="http://news.xinhuanet.com/english/business/2012-06/20/c_131665123.htm">China's Rare Earth Industry</a> from the Information Office of the State Council, indicated China's rare earth reserves are declining due to excessive exploitation and illegal mining.

China Shen Zhou Mining closed at $0.83 on Wednesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment.

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Long Ideas

Small Cap

PGLC

Benzinga's Microcap Movers for Wednesday June 20, 2012

On June 15, 2012, Liquidmetal Technologies (NASDAQ: LQMT) and Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) entered into an amendment to the Master Transaction Agreement that they previously entered into on August 5, 2010. Under the MTA, the Company was originally obligated to contribute to Crucible Intellectual Property, LLC, a special purpose subsidiary of the Company, all intellectual property acquired or developed by the Company through February 5, 2012, and all intellectual property held by Crucible Intellectual Property, LLC is exclusively licensed on a perpetual basis to Apple for the field of use of consumer electronic products under the MTA. Under the Amendment, the parties agreed to amend the MTA to extend the February 5, 2012 date to February 5, 2014.

After-Hours Center

 Liquidmetal Technologies and Apple Extend Master Transaction Agreement to February 5, 2014 -8K

Liquidmetal Technologies (LQMT) announced Tuesday it will hold an informational update conference call on Wednesday, June 6th 2012 at 4:30 P.M. (EDT)

Liquidmetal Technologies Announces Update Conference Call

Read more <a href="http://9to5mac.com/2012/06/04/liquidmetal-technologies-ceo-confirms-upcoming-parts-in-apple-consumer-products-video/">here</a>.

Events

Liquidmetal Technologies Ceo Confirms Upcoming Parts In Apple Products -9-5Mac

Read more <a href="http://www.businessinsider.com/liquidmetal-inventor-atakan-peker-apple-will-use-it-in-a-breakthrough-product-2012-5">here</a>.

Guidance

Liquidmetal's Inventor Says Apple Will Use it In Breakthrough Product -Buisness Insider

Read the article <a href="http://www.cultofmac.com/164378/purported-iphone-5-sim-tray-crushes-our-dreams-of-a-liquidmetal-iphone/">here.</a>

Negative Article on Liquidmetal Technologies; Says Not in iPhone 5

Liquid Metal Spokesperson Commenting on iPhone 5 Concept Drawings Says Only Apple Executives May Address Questions on Their Products

View <a href="http://nak-design.over-blog.fr/pages/iPhone_6th_generation_-7520547.html">here</a>.