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I have for a long time just wondered about where the few key players dwell, and what they do every day. Are they even real? I don't think they are crushing it by brainstorming at headquarters. EAGLE famously wondered about this all the time. Never did get an answer. In college, I remember students putting tape recorders on their desks and going to the beach, until the professors got wise and put tape players on their desks to give the lectures, and joined them., Today, with AI, no telling what is going on at Valencia. If anything.
I have for a long time just wondered about where the few key players dwell, and what they do every day. Are they even real? I don't think they are crushing it by brainstorming at headquarters. EAGLE famously wondered about this all the time. Never did get an answer. In college, I remember students putting tape recorders on their desks and going to the beach, until the professors got wise and put tape players on their desks to give the lectures, and joined them., Today, with AI, no telling what is going on at Valencia. If anything.
"I don’t know about anyone else, but when I first learned of LL’s involvement and coming into LQMT, I thought, like most who post here or used to, that LL was throwing (us) LQMT a lifeline and not a harpoon! I thought he was sending out a lifeboat, not a fishing net".
Well you have outdone yourself with that one, best line ever written here, and funny too, absolutely true. Those harpoons hurt. A lot.
Propaganda. Did you know that Xi's dad was the Minister of Propaganda in China? They are good at this.........
"LQMT needs to reap the profits per parts after the manufacturing costs." So simple, so true. So hard to do. Furthermore, those underlying agreements that define how LQMT gets paid, were agreements LL negotiated with himself, and can be cancelled, modified, or just ignored accordingly.
Great post, FYI
So it happens, occasionally, related to a singular event. As you often point, not a trend, Here we are holding at nickeldom,
When was the last time this traded 10 million shares?
Well if you look at the last 3 month and 6 month financials, there was no revenue booked for licensing and royalties. I am confused by that. Is it really just product sales? And, how much of the cost of sales is what we are charged by our Chinese 'partners' for manufacturing, etc? I admit that I pay much less attention these days, because as previously stated, I don't think anything much is going to happen for us until somebody in China says so. It is very hard for me to see how this becomes a profitable investment for outside shareholders when the controlling interests have other objectives in mind.
So this is a bank shot off of MOVE, which itself is showing little reaction in it's share price, right there on the front lines of the revenue.. I am also not clear on what the Chinese maize is charging LQMT to produce the BMG parts, if in fact they are the manufacturers and LQMT is the seller. Or maybe LQMT is just getting a royalty or a commission? They are getting some revenue, whether or not it is profitable business is another question.
Icons of advertising, you have to love it......
With a couple of occasional and very brief spikes on news post 2010 (Apple) and 2016 (China), the shareprice has flatlined for the last decade. The latest episodal deliverance from LL.....who invested, entered, promised, sidelined the company, and retreated back to Hong Kong...has been a complete melt down for outside shareholders. The numbers are irrefutable. The future is without any semblance of
of hard evidence of prospects that pay us. I cannot think of any rationale that suggests China, via LL, is about to change its mind and
push the development of this US based company which they effectively control. While the share price may linger around the net worth of
the company which loses money on its product sales (the only gain is in office rental, and some securities yield) that computes to just a few cents a share. Three cents. Where is the beef?
So you have put a smiley face at the end, but in my opinion you have nailed it in three sentences:
"Now if they can convince a venture capitalist company to come in and spot them $25 million with all of their experience and knowledge and potential. Heck all they have to do to overwhelm them, is show them the great maze wall of China on this ihub board and after seeing all of those dots and dashes and lines with potential, they will fork over $50 million. Now that is how “serious progress” gets done. :)"
Yup, this company is effectively quarantined. Very much on purpose, as I see it.
Never be the first to buy the new, or the last to sell the old...so preached my Dad, who was always the first to buy a new gadget, like a Polaroid camera, transistor radio, the first TV which had a 6 inch screen, etc. His was not a boring life. Seems yours is not either. Thanks for sharing!
Agree, of course, and a penny today is near worthless. So ten thousand shares is.the price of a good dinner for two uptown. And will disappear like the meal when the inevitable RV leaves you with a few hundred shares. On the other hand, it is like putting a final quarter in the slot on the way out the door, or tipping the croupier. It doesn't really count.
Just out of curiosity, has anyone placed an order in the 3's, and if so what is the rationale? Stop gap, upside, insider knowledge, lottery ticket....?
"In my world, I would prefer $5 million in revenues with a 10% ROS growing at a nice steady 20% a year. That would attract buyers and push volume. I don’t think that most of you are that patient."
That solid and steady growth growth on the expectations of how a serious US based company should succeed, is out of touch and out of time when it comes to LQMT Valencia and its track record.. Also out of touch with the actuarial tables that clearly some of us are trying to outrun. Someone told Biden that he has done a great job and won many battles, but he cannot win the war on time. Good advice, sometimes patience is not the answer. In my world.
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Hah! One can only hope.
Please grow up.
After WW2 we started the Marshall Plan to bring Western Europe back, an sent MacArthur to Japan to bring it back with a new constitution. The Japanese (and the Germans) took it seriously and excelled. The result was that the Japanese were all over the place, propelled by quality control manufacturing (learned from an American). I remember in the 80/90's, the prediction was that Japan would turn Florida into a Japanese golf resort (I was putting in a Florida golf course at the time) and buy up the commercial real estate. Indeed, they did buy the iconic Pebble Beach, which raised the alarms, and the new NYC Headquarters of CitiBank. And we pretty much let them do it because the plan was for them to succeed. Eventually they over extended, became much more conservative, and their growth slowed down ( they sold Pebble Beach and the Citi Headquarters and Florida survived the invasion). I bring this up because now the Chinese have been expanding all over the place, and we wanted them to succeed, and be be major trading partners and responsible world players. So we have seen this movie before. With one very big difference. We conquered Germany and Japan, helped them recover, and today they are our allies, not our enemies. China does not share that history and fully intends for their culture to dominate the world. And has been relentless and clever in making that happen. It is not possible for me to imagine that LQMT outside shareholders are not collateral damage, so all the otherwise sensible talk about how to run a successful company, is of little interest.
The Chinese control this entity, and will have to change their mind about what to do with it before anything happens. Like, for example, feed it, sell it?
Might want to hear from some of the metallurgists here, I am not remotely in that space, however my understanding is that BMG has a relatively low melt point compared to other materials. Aircraft landing gear bearings? Sounds red hot to me.
The difference between gambling and investing, is that investing is gambling only when the odds are in your favor. Which is to say, at least better than a coin flip.
So the only thing that has increased in value is the depreciated real estate, worth almost double book. If this was a REIT, that would be worth crowing about. However we invested here to participate in the booming BMG industry via LQMT IP. Which has been a consistent and total flop, before and after 2010 and 2016.
Other than the real estate and some cash, I wonder what there is really left to liquidate? No one but the Chinese have shown any interest in acquiring this company, and they are running it into the ground while enjoying the use of the IP and the Brand. At least in China if not elsewhere. Until that changes, there seems to be 'no way out' with a full pocket.
Falling through the floor this morning. Not unexpected. As to JB, if I had all his shares I would be seeking out a litigation speculator and put up half the shares as reward since nothing else has worked. On the other hand, who would take the odds of winning here?
Oh well, now the flow of thought goes to Movano, in the absence of anything whatsoever happening in the LQMT world to bolster the share price (res ipsa loquitor) beyond pennies. LQMT Hong Kong effectively controls Valencia CA and anything that happens, including the BOD. None of the PLA and other so called maze agreements have paid us one dime, and they can be modified, cancelled, or just ignored by the CCP/LL/LQMTHK/and the BOD of LQMT Valencia. In a phone call. What we are waiting for has little to do with new business created out of Valencia. Not happening. That is my opinion base on watching this like, forever. Show me the hard
numbers that say otherwise.
Looks like this is heading back to the $4's, with nothing from Valencia Circle or most importantly HK about a likely turnaround. Sidelined until
LL and the CCP decide otherwise, it seems to me.
So the Galaxy ring came out for preorder today, it uses titanium and will do just about everything but make your breakfast. But no FDA endorsement, it seems.
Oh, wow, that is an ugly story. Good luck on 'third time is the charm' theory. I bought a few shares so I could follow along with the FDA potential, but reports like yours seem to suggest there are bigger problems with this company. We will see.
These are interesting questions, but the horse is already out of the barn. And, LQMT HK is technically a minority shareholder out of HK.
Yes, exactly, it is as though someone is sitting on and sidelining this company.
I still maintain the view that up until now has been unassailable far as I can tell, which is that the fate of LQMT and its outside shareholders, is a consequence of the Chinese long announced plan and well known actions, to dominate and take technology lead from wherever they can. Every measurable performance number, be it sales or financial, supports that. conclusion. For 8 years following Hong Kong taking control. Especially of IP and the brand. I don't know how anyone can reasonably avoid it.
"LQMT increased revenues from parts sold five fold from last year’s 10Q1. In terms of reality that’s about five times the annual salary of a fast food service employee in many states across America. In terms of income, that is less than a fast food service employee’s salary, when divided by the employees on the books of LQMT." Priceless, thank you for putting things into perspective.
I think those options could well turn into money, if and when LL and the CCP decide for their reasons, to make it happen. So yeah, it is a gamble, but the motives are pretty twisted.
Ah jeez, we are down to a few bright informed people that can't/won't agree. Out of boredom, I would suggest. So I will weigh in too. FYI. who is 'they'? I know you are thinking in the classic sense of management of a publicly held company focused on paying it's shareholders.
I do not see that here at all, which is utterly consistent with the recorded performance of the company. "They", in my view, is LL and CCP, whose interests in acquiring the use of the brand and the IP and sitting on this company, are inconsistent with your best interests and mine. Given what has happened since 2016, and where LQMT sits today, I don't know how anyone could ignore that likelihood . Put another way, LQMT Valencia has circled the wagons and has the Chairman, the BoD, the CEO, and enough votes to do whatever they want. Paying you and me may not be on top of the list.
Breaking even is more a matter of reducing expenses and having lease/interest income than operational sale of product/royalty income, so far. Just $600K to break even is a whim....which should drive the price up nevertheless.
I certainly agree with you on the success or failures of management. However not in the classic sense, because I don't know who this management is working for. or ultimately accountable to. I am pretty sure it is not the general shareholders here in the US. The enduring financials would seem to bear that out, yes? It sure seems to me those numbers suggest someone(s) is sitting on this enterprise. Sitting in silence. And far away.
I agree with you and Chip, there is not much there to look at, so who cares.. Certainly I have no information to change that. On the other hand, as far as I know, LQMT does not have an internal auditor on the payroll. so I do not know how that functions, which makes the external audit even more useful. It is more than just adding and subtracting, it is verifying the basis.. For example, some folks here wondered where the debt securities for their services.were held, and who issued them? An audit would verify their existence. Borges apparently missed a few steps along the way for their clients. Not a good look. I wonder if they were usually low bid? Anyway, steps were taken to remedy the situation.
1500 incidents. Makes one wonder what they have been doing for LL and the gang.
That was my thought as well.
What could have changed? Well I hope what changed is that the military applications of BMG require US manufacturing and there is now a pending order to fill when that happens. As you astutely point out, this is an old story of new partners that get us nowhere. I give it a ten percent probability. Maybe.
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One controlling shareholder beholden to the CCP. The antithesis of a publicly help US company. We are the collateral damage.