That last 8k & update from July 9th seems to have been an initial catalyst for this latest move:
“Citing the company’s readiness for the next phase of its development and the ongoing restrictions on international travel, Professor Li reiterated his support for the Company and its management team. Following Professor Li’s resignation, the Board of Directors appointed Mr. Tony Chung as Interim CEO, and Mr. Isaac Bresnick as President. Mr. Chung will take responsibility for the strategic direction of the Company, while Mr. Bresnick will take responsibility for its day-to-day operations and customer service. Professor Li will stay on as the Company’s Chairman.”
We’ll have to see if the 618 fib line once again become the it has been and if LQMT can maintain levels above it or if it once again fails to hold.