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Excellent question. I think MTRN is just too staid an investment. They look at it almost as an afterthought. It doesn't have the BS "buzz." It's a Warren Buffett-type investment, lol; look for value, buy-in, and wait. I'm not totally sold on mgmt at MTRN. If you look at the inventory problems, supply issues, poor earnings guidance, etc. It doesn't help that one fund filed that they reduced their ownership pretty significantly.
JMVHO, but I do think they will be up pretty nicely this year or early next based on what they've said to investors. The CFO and and an Exec VP (not sure about the CEO) all sold off relatively small numbers of shares with exercise prices in the 14-15's or so, so that doesn't help. I do think they are set up for a very nice year with the backorders they've stated have flowed to 2014 from 2013 and if they get any Apple, it will do very well, of course. It doesn't hurt that Gabelli put, at least one, if not 2 members on their BOD. We all know that doesn't always mean, though, that they are patting mgmt on the back.
I buy a small amount of MTRN every month and have been doing it for some time. The price of this stock can be volatile because of the very small float. If this pulls back to the twenties I will buy much heavier. If it were to fall to historic lows, as in 2009, I will move my entire net worth into it.
I am the forth post on here and that was the start of my steady accumulation. This is investing, pure and simple. The fact no one post on this board is exactly what I look for in a stock. The quick or fast money will only find this stock after it has long since run.
Oracle,
Why aren't investors jumping onto Materion?
If you look at the stock price and consider Tepper's warnings, perhaps investors are afraid that they would be jumping onto a sharp spike (so to speak), and would hurt (impale) themselves.
Just look at the charts!
MTRN a safer buy in the low 20s after a correction?
IMHO - tomcat
I jumped in here awhile back, around $29, unfortunately. But I am a holder on this one for the same reasons you guys cite. Not a fan of recent declines, but such is life. It's not as bad as my KIOR investment! :(
I can't believe there aren't more people jumping onto MTRN. The institutions are missing the boat on MTRN 11-6-13:
Materion Corporation (NYSE:MTRN) announced today that it is significantly increasing capacity to produce beryllium hydroxide using the bertrandite ore reserves at the Company’s mine in the Topaz-Spor Mountain area of western Utah. The Materion mine is the largest known operational source of bertrandite ore, which is the most abundant source of beryllium.
Materion currently supplies more than 40% of the world beryllium market and more than 70% of the freshly mined beryllium, the balance coming from inventories stockpiled by others in the past. Over the next two to three years, stockpiled sources of beryllium supply are expected to decline, and Materion will be able to increase supply to fill the void.
Three posts relevant to MTRN by Oracle of Omaha on LQMT I Hub Board
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92755207
I'm going to have to respectfully disagree, as I don't know if you had the chance to read pages 3 and 11 of the most recent MTRN Annual Report, but when you call someone your "partner," you are complicit (from page 11 of the Annual Report):
http://files.shareholder.com/downloads/BW/2721045365x0x649024/9E939450-5211-4878-81B2-8487BA5CCAB0/Materion2012_Annual_Report.pdf
Amorphous Metals
Materion’s partnership with Liquidmetal Technologies
is shapeshifting the market for amorphous metals
Materials scientists are always looking for substances that can go where they have never gone before. But it often takes time for a material with exotic properties to find its market.
Materion Brush Beryllium & Composites,with Liquidmetal Technologies Inc., is in that position today, helping to bring a remarkable zirconium-based alloy that was developed at the California Institute of Technology decades ago to the attention of commercial customers. Instead of being cast, forged or machined into finished parts, this alloy can be formed as if it were a plastic. Considered an amorphous metal because its disparate atoms refuse to crystallize, Liquidmetal’s alloy has a yield strength often twice that of titanium and stainless steel and elasticity prized by product designers – plus unparalleled corrosion resistance and an appealing finished appearance.
Materion is Liquidmetal’s certified alloy production partner, and, with Visser Precision Cast, LLC as the contract manufacturer, is collaborating to set market standards for mass-scale production of this next-generation alloy. Materion also brings global sales bench strength to supplement Liquidmetal’s commercial efforts.
Raw materials are now being alloyed and cast into slugs at Materion’s Elmore, Ohio, facility and molded by Visser into parts for customer prototypes. The technology should enable lower production costs because it requires fewer processing steps than machined parts while retaining the valued properties of machined parts.
Prototypes are now in the works for customers in the medical, automotive, aerospace and defense, sports equipment and jewelry markets. Each has applications that use small components (less than 5 inches by 5 inches) machined from titanium or stainless steel that could benefit from lower production costs. Examples include vehicle engine valve guides, watch casings, golf club heads and hand-held medical devices.
Dr. Edgar Vidal, Manager, Market & Business Development, Materion Brush Beryllium & Composites, sees a bright future for the alloy as it finds its market. “Within five years, Materion can expect to be the world’s premier supplier of this alloy, at the lowest cost,” he says. “And we will identify additional methods of fabricating the material.”
Materion produces the alloy feedstock for manufacturing products made from Liquidmetal Technologies Inc.’s amorphous metal materials. Liquidmetal’s alloys have applications ranging from composite body armor to thin-walled electronics casings.
http://files.shareholder.com/downloads/BW/2721045365x0x649024/9E939450-5211-4878-81B2-8487BA5CCAB0/Materion2012_Annual_Report.pdf
Amorphous Metals
Materion’s partnership with Liquidmetal Technologies
is shapeshifting the market for amorphous metals
Materials scientists are always looking for substances that can go where they have never gone before. But it often takes time for a material with exotic properties to find its market.
Materion Brush Beryllium & Composites,with Liquidmetal Technologies Inc., is in that position today, helping to bring a remarkable zirconium-based alloy that was developed at the California Institute of Technology decades ago to the attention of commercial customers. Instead of being cast, forged or machined into finished parts, this alloy can be formed as if it were a plastic. Considered an amorphous metal because its disparate atoms refuse to crystallize, Liquidmetal’s alloy has a yield strength often twice that of titanium and stainless steel and elasticity prized by product designers – plus unparalleled corrosion resistance and an appealing finished appearance.
Materion is Liquidmetal’s certified alloy production partner, and, with Visser Precision Cast, LLC as the contract manufacturer, is collaborating to set market standards for mass-scale production of this next-generation alloy. Materion also brings global sales bench strength to supplement Liquidmetal’s commercial efforts.
Raw materials are now being alloyed and cast into slugs at Materion’s Elmore, Ohio, facility and molded by Visser into parts for customer prototypes. The technology should enable lower production costs because it requires fewer processing steps than machined parts while retaining the valued properties of machined parts.
Prototypes are now in the works for customers in the medical, automotive, aerospace and defense, sports equipment and jewelry markets. Each has applications that use small components (less than 5 inches by 5 inches) machined from titanium or stainless steel that could benefit from lower production costs. Examples include vehicle engine valve guides, watch casings, golf club heads and hand-held medical devices.
Dr. Edgar Vidal, Manager, Market & Business Development, Materion Brush Beryllium & Composites, sees a bright future for the alloy as it finds its market. “Within five years, Materion can expect to be the world’s premier supplier of this alloy, at the lowest cost,” he says. “And we will identify additional methods of fabricating the material.”
Materion produces the alloy feedstock for manufacturing products made from Liquidmetal Technologies Inc.’s amorphous metal materials. Liquidmetal’s alloys have applications ranging from composite body armor to thin-walled electronics casings.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92755880
From MTRN's Q1, 10Q (4/30/13) -
R&D and other-net expenses for Beryllium and Composites were $4.0 million in the first quarter 2013 and $3.5 million in the first quarter 2012. R&D expenses increased partially due to the cost for bulk metallic glass, amorphous metal and investment casting technology projects. In addition to higher R&D expenses, incentive compensation expense increased as a result of projected profitability for the year relative to the plan design, while corporate charges were also higher in the first quarter 2013 than the first quarter 2012.
From MTRN's Q2, 10Q (they were less specific and I searched "amorphous" to come up with nothing this time), (8/6/13) -
While the performance of the new plant continued to improve, additional beryllium material was purchased during the second quarter 2013 in order to help satisfy the demand requirements in the second half of 2013.
SG&A, R&D and other-net expenses for Beryllium and Composites totaled $3.7 million in the second quarter 2013, unchanged from the second quarter 2012. These expenses were $7.7 million in the first half of 2013 compared to $7.2 million in the first half of 2012. In the second quarter 2013, increases in selling expenses, corporate charges and other items were offset by reductions in R&D and incentive compensation expenses. The increased expenses in the first half of 2013 over the first half of 2012 were largely due to increased R&D activity on various projects in the first quarter of 2013, higher corporate charges and other expenses, including amortization expenses at AMC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92756273
Monday, October 07, 2013 1:31:33 PM
Re: None
Post # of 37689
MTRN is getting hammered today because of weakness in Q3, but I thought this was really noteworthy because of the comments related to beryllium:
Also Comments on Its Outlook and Initiatives to Reduce Costs and Improve Margins
Materion Corporation (NYSE:MTRN) today provided an update on expected third quarter 2013 results and also commented on its outlook and initiatives to reduce costs and improve margins.
Third quarter markets weaker and high-margin shipments delayed
Fourth quarter expected to be the strongest of the year
Cost reduction actions taken in the fourth quarter driving significant operating performance improvement beginning in 2014
THIRD QUARTER 2013 WEAKER THAN EXPECTED
The previously announced weaker business conditions being experienced at the beginning of the third quarter of 2013 did not improve during the third quarter to the level that the Company originally anticipated. Order entry has been highly variable, and business levels have been increasing at a slower than expected rate. In addition, shipments of certain high-margin beryllium-based defense and nuclear science as well as defense optics orders have been delayed. Profits were also adversely affected by lower manufacturing yields and efficiencies in the quarter. The impact of these factors has been offset, in part, by continued strong business levels in the medical, commercial aerospace, automotive electronics and commercial optics markets.
As a result of these factors, earnings for the third quarter are expected to be approximately $0.20 per share.
FOURTH QUARTER TO BE THE STRONGEST OF THE YEAR
The aforementioned delayed orders are expected to ship in the fourth quarter. In addition, production levels at the Company’s new beryllium pebble plant continued to increase throughout the third quarter and were at record levels in the month of September, well ahead of the fourth quarter target. As a result of these and other factors, the Company expects results for the fourth quarter to be well ahead of the third quarter and the strongest of the year, exceeding the $0.43 per share reported in the second quarter, absent the impact of the actions discussed below.
---
I am NOT interested in pumping for squat. Pumping puts air in a balloon that is only sure to deflate, but I just found it interesting. The beryllium ramp-up is probably UNrelated to LQMT, as why the fug WOULD it be related to LQMT when they can't get out of their OWN WAY?!?!?!?
I read this post involving Materion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92534927
I thought that I would respond to a few things:
1) This is a very realistic post. It explains exactly why Materion said it would be 5 years before they would be a significant supplier of Liquidmetal alloys. It also syncs in with Atakan Pekers projection of 5 years as well since his well published comments to Leander Cahney.
2) The only correction or clarification (whichever best categorizes it) I would make is that Dr. Johnson't plunger process definitely can be done in the 500C degree range as opposed to the higher temperature of the injection molding process, and this simply is because the two techniques are singularly different. The plunger mode does not have to be at such a high temperature due to the flash anodization technique of Glassimetal which allows the molding to occur in a slurry mode rather than a molten mold. The injection molding of LM requires a higher temperature due to the design and process of the electric Engel machine. The two advantages are speed and lower temperature which yields longer mold life. The higher the temperature of molding (700C vs 500C) greatly diminishes the tool life. this is a simple fact of life in working with metals.
Thanks for the great questions posed to Derek Rasmussen.
What is disappointing, overall, is the elimination of the medical market, as far as internal devices (protheses, implants, etc.) So it seems that we are back to simply aerospace, defense and whaterver the other one was.
Like others have said, although there were some grave ethical concerns with KBG (the Kang Brothers Gang), many attempts were made with non-state-of-the-art equipment to make products (Samsung, Motorola, SanDisk, Biolase, Socketcom, Verizon, etc.).
Even if the Company sold at a loss, the old management had the moxie and wherewithal to close a deal.
What has Liquidmetal management closed lately, besides contracts which do not bring in revenues, AT ALL, notwithstanding profits.
I would much rather have some sales at a loss to get in the door than to have no sales at all. Seems the Company (LQMT) could learn a lot from MTRN's management.
Better yet, Let's give Materion the opportunity to run Liquidmetal at a profit by replacing Steipp with an executive who knows the business: Edgar Vidal.
[I do not mind if someone links this post to the LQMT board, which I am unable to do since my posting is restricted there)
As I have said before, MTRN will be the first to commercialize LQMT since Aug of 2010.
What is the royalty which Materion pays to Liquidmetal for the non-exclusive rights to manufacture ingots of liquidmetal alloys?
850,000 votes have been cast against LQMT by this MTRN shareholder.
Yes, correct.
I assume it is some sort of "requirement"? In the case of LQMT it is a charade. But it is a Penny, so I guess the whole thing is so there can be a press release, or at least a record that it occurred. I guess it's not a requirement though, since it can easily be cancelled, postponed, or even aborted in-situ by declaration.
I hope, oh heck. I'm running out of enough juice to maintain any momentum on this subject. Makes me sad.
I do hope you and Uzi have some fun together. Just don't get arrested, please.
There is no point in having the ASHM at a Hotel if no shareholders show up. There were two shareholders meetings in which I was the only one who showed up.
Steipp does not care about shareholders; he has shed all the assets of the Company, failed to develop revenues on his own, and left the company in limbo for 3 years.
Is it normal or unusual for a company to hold its annual shareholder meeting at the company headquarters, in your opinion? Seems unusual to me, even for a small organization as in this case.
Certainly would save a little money for them, but not that much. And I assume they know how many attendees there will be, +/- a handful. So they realize they don't need much space. Still feels odd to me. I suppose I'm trying to hard to imagine what is behind the curtain. Been drinking too much of that liquidmetal cocktail. It's destroying by brain.
We should arrive early to have breakfast at hotel. A former preferred share holder will be there with me.
Due to other parties, I am only able to post on this board. Of course, I try to keep it relevant to MTRN, as that is my job as moderator. In the meantime, until my permanent ban is released, I keep my DD here and relevant to MTRN as much as possible.
I don't know MTRN that well at all levels but I have a general impression that they may not be in any rush about LM/LMQT or that they may be working jointly on a project that has been gating activities. In the meanwhile, LQMT could be enjoying the wait if it offers more opportunities to pick up some shares, etc.
Yeah... he/she/"it" whatever is nuts... hopefully goes back to the hole it crawled out of.
Maybe an MTRN IR rep should be encouraged to attend a pre-meeting to discuss the perceived issues and then also attend the LQMT ASMH to reinforce their position and/or discuss them in front of other attendees.
If for some reason they aren't concerned, it could be telling.
ASHM might just be a rubber stamp formality. If MTRN has any issues, they might need to bring them up beforehand.
I looked at making the trip myself a few weeks back, since I used to live only 10 minutes from LQMT Hdqtrs, where the meeting will be held. I saw about the same plane prices, but would need to take my wife, and have other trip costs.
I also assume that the spokespeople would not be affected, no matter how tactful or tough my questions, and I would make a fool of myself, to no good end.
Much rather take those funds and put more into MTRN, or wait for LQMT to under $0.10.
As an aside, Watts, have you asked yourself how folks at Materion would feel about being dragged into the LQMT "discussion" on this board? Perhaps they would rather otherwise. I.e., they would prefer to manage that relationship w/o any making their laundry public.
Any opinion on that?
Totally agree with you. Perhaps not worth the trip. I remain apathetic. Perhaps Yama is correct.
Perfectly stated...
Watts, I decided (rightly or wrongly) to set a condition that by 10/15 (drop dead date for End of Q info) will be a deciding factor on 10/24. How come I'm not expecting much??? I weighed some factors and came to a rather morbid conclusion.
Fair enough.
I plan to fly to Cleveland to Materion's next annual shareholder conference. Perhaps we may meet there. MTRN, at least, pays for the donuts and coffee. There partner, stopped picking up the tab when Steipp rolled in.
Probably not.. unless LM rallies big time in the next few weeks. I am sorely disappointed in the lack of customer progress and have no desire to waste my time flying all the way to Cali to hear the same crap! lol
Yama-
How about joining OOO and me and F4G at ASHM in RSM?
Roundtrip fares including hotel are only 550 according to OOO.
What say you?
I think it is about time the BOD and Mgmt account to some shareholders.
Hey Watts... so this is where you been hanging out! Good to see your fine writing skills put back to work. The Ihub- Lqmt board has become a joke.. I can't even look at it any longer. I actually traded Materion a while back .. made $6k. Thinking about buying back in, especially if they are serious about acquiring LM and bringing it to market to their huge client base. Im still not convinced who the suitor will be yet.. but I feel it will happen sooner than later.
Sourcing of manufacturing still a major problem:
The only way to solve the problems admitted to in article below are for a credible force like MTRN to step in:
http://www.mddionline.com/article/could-liquidmetal-be-newest-miracle-material-medical
Another solution is to get rid of the spokes people who can not answer questions to the public in a credible fashion.
This seems to be a problem from the top on down.
I don't think scientists chasing down chess set piece design is serious about over coming the problems which surely are hindering the introduction of these alloys to the medical market.
Nice home here. A lot of good posts here from all, but one. Now, if only the idiot would leave...oh well, ignore DOES work well...
The graphic was presented by management to the first shareholders meeting under the new CEO's watch. It is posted here to show that MTRN and other partners have fulfilled their obligations as partners; only the sales and marketing partner has failed to execute and are two years behind schedule.
Where did that fancy .Ppt graphic come from?
Y'know, if any prospective, or actual Materion investor visited this iHub board, they might wonder why all the discussion about LiquidMetal Technologies, Inc., whatever that is.
Rather like folks looking into LQMT on i-Hub and wondering why all the posts are about Apple and i-Phone cases.
It would be so nice, though, if MTRN would just pay the LQMT management and Barney, and Abdi/Carlyle to give up all the patents and just go away forever.
Here's the reference that points to MTRN pursing sales opportunities implying use of their sales channel and/or jointly with LQMT:
( found at the partners section of LQMT's website)
"MATERION"
> Produces high-quality Liquidmetal alloy feedstock
> Pursuing sales opportunities where introduction of Liquidmetal can provide a unique material solution
"
It's stated here next to the MTRN logo below the supply chain diagram: http://liquidmetal.com/about/partners/
I read somewhere that LQMT intended to leverage the customer base of MTRN, and that MTRN had a customer channel to leverage. It seems joint that more hasn't materialized.
Someone from the LQMT board suggested and asked the following:
We're hoping that more than, primarily, the relationship with LQMT will be discussed on this MTRN board since MTRN as a company is much broader. For example, the transition of some MTRN business units and/or product lines over to LQMT/LM based materials would be interesting to discuss or know about as MTRN considers this over the next 5 years based on comments in a past Annual report. Whether or not and when MTRN considers this would ( or could) factor into LQMT's plans overall as well. We don't expect to spend a lot of time here since our original interest was in LQMT. But seeing that MTRN is a major partner of theirs, it's worth keeping an eye on occasionally if something more significant could develop. Our question is "when" will LM/LQMT become significant enough to MTRN to be reflected in LQMT financial and stock performance.
This is a Materion Message Board, first of all. For all who do not know, Materion is the sole supplier in the United States of liquidmetal formulated alloy ingots to Visser Precision Products, who is the sole manufacturer of non-consumer electronic products made with liquidmetal.
Visser's plan is to make money; the last time I saw a waterbed was in the early 70's, and I don't think they are a big seller now.
Visser bailed out LQMT in 2010, along with AAPL and neatly situated him between MTRN, the supplier of ingots, and LQMT, the sales agent for all products made from MTRN ingots of liquidmetal.
VPC is dependent upon LQMT to generate customers for his plant.
He has not expanded his plant, nor has MTRN been supplying any ingots because LQMT has failed to perform more than 3 years after a new CEO was appointed.
I believe we are seeing a management shake-up accordingly. I have no idea what collusion their may be between MTRN and VPC, but clearly the impediment to profits for both companies is LQMT management (or lack of).
I am pretty sure that a defense contractor and major aerospace companies prefer dealing with a public contractor. Since these are prime markets for liquidmetal alloys, it seems to me that, whatever the cards are for a shake-up in management, I believe that LQMT will remain a public company. I could be wrong.
I would like to see both VPC and MTRN have directors on the board.
It is very difficult to know what is going on, and we may only speculate. Nonetheless, we shall have some surprises before the end of the year, for sure.
And make a deal with Visser? What do you think is Visser's plan?
I agree 100%. The following are my own posts with "Inspiration by Watts":
AliAz i-Hub:LQMT Materion Related Posts (Inspiration By Watts) -
Aug 24, 2013 #34735
We should all hope that Materion makes Visser a deal he can't refuse so this opportunity can move forward as it should.
Aug 20, 2013 #34351
The future lies with Materion, and I'd like to see them make LQMT and Visser a deal they can't resist.
Aug 19, 2013 #34182
I could see Materion buying LQMT and Visser Precision Cast, as long as they get all of everything.
Aug 17, 2013 #34085
Re the Oct 24, 2013 Proxy:
Pretty brazen, issue new shares, and give yourselves a raise. Of course that is a great strategic move that can't help but improve the outlook for success.
Management needs more compensation from the likes of us, or heck, they might as well not bother continuing their ride on this gravy train.
I prefer the buyout/merger option. It would probably be a shell game anyway. We'd end up wondering why, when all the shells are turned up, the pea is gone. But it would be more interesting than watching a looting right before our eyes.
Aug 16, 2013 #33993
Positioning the stock share price and number of shares for a friendly to insiders acquisition - both sides win. We end up riding a different spin machine, same game new name. You'll have to decide to sell or hold the new stuff. But quick thinking will be the best medicine. So keep you ears and eyes open. You may need to be doing intense DD on the new player - or not.
Aug 08, 2013 #33450
Beryllium: Materion Brush Beryllium & Composites, using LQMT patents with their consulting, now the rubber is meeting the road for LQMT. This is something I can believe in, even if still a road ahead.
Sep 10, 2013 #36386
I've reached the point where I accept the reality of LiquidMetal Techologies, Inc. as the kidnapper of my hopes and dreams for amorphous metal alloys. Hopefully someone will pay the ransom before the hostage perishes from starvation. In the meantime, some of us have been feeding the kidnappers, and their sponsors. My hope is with the next generation of ownership of amorphous metal capabilities. But I am invested in the present state, and I wish to be rescued.
Sep 17, 2013 #36802
7. If you believe there is financial gain to be garnered by owning public traded shares in a producer or seller of amorphous metal alloys, any ownership of LQMT shares would be misplaced.
8. The exception to #7 would be the sale of all patents and intellectual property of LQMT to a party that intends and is capable of making amorphous metal aproduction commercially (i.e. profitably). That has nothing to do with Visser Precision Casting.
Materion, or some other party, possibly.
Sep 18, 2013 #36873
The departures of Chung and Salas are major surgery.
If everyone on this iHub board voted against any of the changes up for vote, gee that would be like WOW, maybe thirty votes. We'll show 'em who's in charge!
Without Chung and Salas the insiders own about 40MM shares. Independent of the insiders, Barney Visser aka Furniture Row owns 51MM shares.
Small shareholders will have no effect on how the vote goes.
Apple cannot benefit by buying LQMT.
I think the most relevant news is the departure of Chung and Salas, if that is what actually just occurred. I suspect the nature of the beast is morphing. But into what, and under whose control? I'd say any buyout price greater than $.30 should be cause for rejoicing among all shareholders. The stock will never command more than that in the current business model. Taking the company private, then selling or re-emerging into the market wearing new makeup is possible. I don't know enough about the $ implications to the PuppetMaster to fully make that calculation.
The hope would be that the patents would fall into the proper hands, and be freed from their current prison.
Sep 18, 2013 #36996
If Visser and all of the insider cronies he controls walk away from this, hallelujah! Materion would be a good new owner. Apple doesn't need it. Are there any other potential decent new owners that wouldn't just keep up the old scam? Take your $.30 per share buyout in cash or new owners stock, and let the future begin. Out with the old. In with the new. No more apple flavor Kool-Aid.
WATT has happened to your board. Seems the only posters are Sandy and Surfint.
MTRN:
Many people think that being a non-exclusive partner to LQMT is bad for MTRN. I believe that Engel is also non-exclusive.
The rationale is simple:
Apple is allowed by contract to make their own alloys, do their own production, etc. etc.
So, with that as a basis, there is no way that MTRN could have been an exclusive supplier of alloys. Further, if you read the contract with Visser, you will see there are two other non-exclusive suppliers of alloy: one in Germany (for Engel's R&D) and one in China for Kangs operation such as Vmatter.
And of course, Liquidmetal Coatings has permission to make liquidmetal alloys as well.
So, NOT BEING and EXCLUSIVE supplier does not lessen MTRN's standing at all. And, MTRN can make ingots in other parts of the world as well, outside of Elmore, Ohio.
Go figure.
I much prefer to hear from Argish, as he posts with clarity, sound reasoning and with facts. I believe that MTRN would go the route of Glassimetal's process, which, in fact, was operational far in advance of Engel's modified injection molding machine. In deed, it is the same or similar process which Omega is using to extrude liquidmetal alloys into the ceramic rings. The other poster is not well received by most in-the-know technology posters here since he makes assumptions not backed up with fact. Indeed, Argish has him nailed in the last few posts.
LQMT management has spent more time in the last four years protecting a declining patent base than it has in executing a business model: MAKING REVENUE.
How did Steipp ever think a business could endure without revenues.
In Jelbert's own words, he said that the chess sets was an intermediate way of making money for the company, a sideline.
Well, side line or not, ZERO revenues are coming in. It is impossible to continue a play of dilution to raise funds to stay afloat. How can one dilute the ultimate value of $0.00 PPS?
Does Emperor Tom know that his clothes are see through and only he doesn't get it?
Time for MTRN to enter the scene. I am sure that they can manufacture with Johnson's latest patents and make a deal with APPL to use the patents they have outside of CIP.
Go back and read my Materion posts. I explained it all four or five posts ago
Hello there, honors. I am not in the least surprised to see you here. As I posted elsewhere in response to a post of yours:
honors, very clever. Very.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91798258
Shouldn't be long before we'll hear from riese713 on this board.
So if Materion were to actually acquire LQMT, then this i-Hub board would automatically control the LQMT i-Hub board. There would need to be some personnel changes.
Watts,
Thanks for your time and reply.
Tomcat
WATTS,
Hi. Hope you are doing well. Care to comment on how you are voting the LQMT Proxy?
Thanks - Tomcat
I treat my investments in MTRN and LQMT separately.
I still retain more than 95% of my purchased shares of the latter.
I am very much in favor of new management and new capital coming into this company, whether it be by merger or buy-out, and the sooner the better. Of course, I would love to read headlines tomorrow that state that a purchase contract has been executed by a substantial company that would provide the Company with a constant, repeating source of revenue for the next ten years. After all, that is what Steipp has been talking about for the last three years. But all we have is talks, no walks and more than a few balks by management. This Company is now 15 years past the original manufacture of golf club faces by Howmet (Alcoa). Visser has absolutely no experience in this business AT ALL, and our management gives them exclusivity in manufacturing. Three years and no revenue by a guy who brings in silicon valley execs who have no experience in metallurgy or the markets for our material and cuts off all dialog with the top scientists and researchers in the field. A total fiasco. I will sell when we are taken over by a competent company.
At that point, I will decide if I can obtain shares in the successor company, assuming it is public. Materion would be my choice.
I am not convinced that recent IP under Apples umbrella will not convey to CIP at all. However, I am convinced that LQMT nor VPC has the wherewithal to take advantage of such IP. This is why we shareholders need a buy-out to bring in competence to what is left of LQMT and its IP portfolio.
MTRN is a suitable white horse and they will not put up with the second-rate management at LQMT. This is why the termination parachutes are being executed.
Three years and no revenue and no customers is too long for any CEO to keep making excuses, to keep obfuscating, to be out of touch with what's going on. He had a 6 month consultancy before assuming control anyways.
The Chairman of the Board dragged out getting rid of Kang for 3 years before bringing in Steipp. He has done the same thing twice now. Weak COB, Weak CEO, and a staff of new cronies mixed with old Kang cronies. Totally weak.
We need the strength of a competent MTRN organization to take amorphous metals into the marketplace with confidence.
Everyone has an opinion. This is mine. I own it. Don't recommend it to anyone. DO YOUR OWN DD and take your own lumps. Hope you get some nuggets as well.
In view of your posts today, I have to ask: Have you sold your shares of LQMT and invested those funds into MTRN? Or will you continue to hold your LQMT shares a bit longer, even though the best you expect is 60 cents a share? And, do you believe as Argish has posted that some of AAPL's amorphous alloy patents are outside of Crucible and could be used without consulting/involving LQMT? That poster seems to believe that LQMT has been left behind in the dust of other companies that have taken the lead? I'll base my decision on facts as I learn them, but I would like to hear your thoughts. Thank you in advance.
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