The most important words are those that jump off of a sufficient number of inbound checks and wire transfers to Liquidmetal's bank accounts that say "Payment for goods and services received" the accumulated total of which translates into NET PROFITS on the financial statements filed with the SEC.
Income is NOT putting 64 million dollars in the bank to float the next round of executives.
Not at all. Income is putting the 64 million into plant and equipment, and making said P&E productive by filling orders...
I remember going through the numbers with Steipp's "Here come de Machine, Boss" through the first machine, the second machine and the third machine and all the freakin iterations in between.
I remember going to the Engel dog and pony demo shows (especially those with no machine...lmao)
I remember going from all of Dennis Ogawa's 900 inquiries, and the careful delineation of what really is a "qualified order" and all the on the job training of the sales experts in learning the difference between a prototype, a commercial shipment, etc.
And all along this trail of littered hypes and corresponding letdown whelps, we ended up with the one order that was supposed to indicate how successful the Company had become...the stellar fraud of the MA Knife.
I wonder how many of those knives were bought up by Lugee Li to sell in China?
So just like Steipp mentioned in 2012 early march, we are still "in the midst" of making commercial shipments.
Just parking the latest iteration of the Lugee Li die cast machine in an "alleged new warehouse" shows me only that Lugee Li has bought one of his own machines and moved it to the US.
So Eontech has made its first money from LQMT USA.
I am waiting to see how and when LQMT is going to make money from LQMT sales...
And, Making Money, is not blather about expectations. It is paying bills, accumulating profits and plowing it back into the Company.
I commend Lugee for buying the Eontec machine out of his own pocket money and not from the money of the shareholders...I think.
I personally believe the best contract will be that of a military contractor, but not sure how that will work with the new management and ownership and problematic ties to the Chinese Government and the special relationship developing between China and the US in the South China seas.....
Should be a very interesting year....
But not for Liquidmetal.
