Liquidmetal Technologies Inc (LQMT)

[Barney Vissur]

I think everyone is well aware of the stock price action. I think truetrue and darknight had posed a question of whether anyone would see an inventory number prior to any potential manufacture by LQMT. It's called them asking the right questions and digging and cutting through the bullshit that you, or anyone else in LQMT does not want to see, to get to what the auditors are signing off on. You yourself repeat the refrain that the "numbers tell the story." And that's true. So that's exactly what they are looking to find out and they are dead-on. There will be a load of disclosures regarding Inventory if LQMT does go into "light manufacture" as they have stated they would - composition of inventory, FIFO, LIFO, average cost, forward inventory, sole suppliers, regions, etc. etc. etc.

In other words, if MTRN has sold any alloy to LQMT in this Q, but LQMT is stating Q2 to Q3 2015 for shipments, then you will either a) see some kind of dollar number as Inventory validating they will be doing that manufacturing in the future Q's or b) more than possible, VPC will be purchasing the alloy from MTRN and no Inventory number will be present in the next few Q's. Either way, sooner or later, VPC will be gone and if they are not full of it, and will be doing light manufacture, then the Inventory number, however small, will validate they will be manufacturing for customers.

With all due respect, we all know how long you have been in LQMT, we all know you hate mgmt, but it's fresh perspectives and digging under the BS to find facts to corner them as to what is BS and what is not, that will keep mgmt on the straight line and moving forward and the fresh perspectives of those 2 should be applauded. They asked a question on the financials, so I answered it. I have no problem with you disagreeing, but you're entirely missing the point, or don't care, that if they carry Inventory (of ANY amount) they have customers that they will be manufacturing for. If you're looking for this Company's stock price to go up, then you need customers - that's the point of the "phantom inventories" discussion.

Inventory isn't for pumping out paper weights. It's to make sales. If that's not what you care about, then that's your choice. And apparently, they don't have anymore of that paper weight "Inventory," it's immaterial, or you will see it in this Q, for future use as sales to customers, so you, and everyone else who invested in this company and has had to suffer for too long, can make money. If it doesn't happen by the timeframes set, then they have BS'd - and many who were objective will be all over them. Just saying.