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It is no secret that I have the ongoing impression that the success of LQMT Valencia and its general shareholders, is not necessarily the primary objective here. The published financials would seem to support that. I wish it was not so.
"You could close your eyes and pull an industry or sector out of a hat and, chances are, Beijing has targeted it," Wray said. "The PRC is engaged in the largest and most sophisticated theft of intellectual property and expertise in the history of the world, leveraging its most powerful weapons, starting with cyber."
Christopher Wray
I can't think of anyone who would buy this company, since it has been the feedstock to Chinese interests ... IP, Brand.... and plundered accordingly. No Western company wanted it in 2016. Maybe the company has a business plan with measurable goals and objectives. I have no idea what the real objectives might be, other than at the top of the list, the #1 priority is not to pay its general shareholders. On the other hand, if someone did offer 16 cents LL might finally be ready to let it go. Good riddance.
Great post, would be remarkable if the board gave general shareholders some consideration, and also bought shares with their own money. On the other hand, I would view the Chairman's major purchase of more shares with mixed feelings. Like, now what ?
Great post, would be remarkable if the board gave general shareholders some consideration, and also bought shares with their own money. On the other hand, I would view the Chairman's major purchase of more shares with mixed feelings. Like, now what ?
Yes this is definitely our day, the April fools!
Insider trading is not limited to employees on the payroll.
I think you are on the mark. Amorphology however, can use the IP of LQMT to attract US government/military business, being well outside of any Chinese based maze. That may be our path to receive at least indirectly, US government business. Which used to be high on the potential paying customer list.
My point is that govt or military contracts with Amorphology are not burdened by any conflict of foreign interest.
Amorphology is not part of a Chinese maze, and is not controlled out of Hong Kong. There is the path to NASA?
It does look promising, but how promising. We are apparently contributing IP and manufacturing equipment for a royalty....once again.....to a company that sells specialized gearing so that makes perfect sense for BMG. But it is apparently a very small company, a quick pass does not reveal their financials ($sales). Maybe I am just not up on that BMG company. Any numbers attached to this deal? I see the licensing does not include Far East exclusive territories (China).
Did not forget at all, but it is not the purpose of this business, or why I bought shares. California commercial real estate, debt securities, yada yada, there are better ways to do that. What is the accumulated deficit at this point? Must be around.$250 million. Where is the income from BMG and the IP, to finally establish a viable business? Surely somebody, somewhere, is making money from this cutting edge technology. For sure it isn't Valencia, and it isn't us. It seems to me that the well known conflicts of interest and our dependence on the Chinese interests are the elephant in the room. Somebody somewhere will call the shots on who gets what, not the free market we are accustomed to. IMHO.
Excellent points. We have actually been in the business of equipment depreciation, and commercial property rental. Not to mention the real obsolescence of that equipment which last I heard is under tarps in Arizona. Far as we know, it has never produced any revenue.
That spells out quite well the normal order of things, but then there is LQMT and the maze. It sure seems like this ring business originated in the USA, and Valencia is writing it. What is to stop Yihao from over charging Valencia for manufacturing, and expatriating the dollars? Now I doubt that would happen for a pittance, but if this gets to be serious money, the various agreements’ we have with Chinese entities are vague and for that matter can be modified, canceled, or just ignored by the controlling interest. As expressed many times, LL is never going to sue EON or Yihao for performance. IMHO. But somebody is going to decide who gets what.
Your background is in fact very helpful. Mine is global M&A. Lots of different perspectives here, a good thing.
How much does Yihao take for the manufacturing? And who decides who gets what?
I wonder why TC did not feature those numbers in his presentation. What it tells me is that there is reason to expect new product revenue flows through the first quarter and beyond if the product remains competitive. Steady flows in six figures......does a contract make.
So after the dead earnings report, we get the inspiration of leadership saying pretty much the same thing for five years. And the shares trade up more than usual, then the next day settle back down. As usual. No numbers attached to any of the forward looking malarkey. As usual. I am sorry, but some folks remain in denial. As usual. There is micro management here. From China, the CCP, LL, and LQMT HK, expressed through the appointed CEO and BOD. Translation: Nothing is going to happen for us until the controlling interests say so, or make it happen. Lawyers, accountants, hired to sit on and oversee that process. Well, maybe China is still a few decades behind in their management skills.
As always, just my opinion.
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I still would like to know what these 7 employees which I assume includes the many executives it takes to run this galloping global business, DO every day, where they do it, and review copies of all the expense accounts. I have not seen that broken out anywhere. We don't even get a free sandwich anymore. Much less the opportunity to question them, or the Chairman and controlling holder. Lot's of shares traded today, up a whole penny. Running hot, by golly.
The 'AGSM' was one way again, and other than the MOVE news, seems it could have been given anytime in the last three years. Including the promise to keep us informed. Right. So MOVE is good, and Yihao is confirmed as producing the parts in China. We have seen this before, and it is positive. Then as we read the financials, there is still negligible royalties and fees (as of yearend), and we still have just three performing customers. With more to come in jewelry, medical, yada yada. However I must say that if one were going to discourage investors, one would write up the annual report exactly as written, filled with every warning conceivable, throughout. Red flags everywhere. I think this is too much lawyering, but they are building a defense (can't help it if the idiots bought this dog, we warned them!)
in the event the well known conflicts of interest and the CCP eventually lead to the SEC. Maybe we will see some revenue in the first quarter, maybe even a contract with some numbers attached. That is an old story here as well.
Then there is the sardonic response from a Cuban laborer, when asked how their system was doing: "Well, it works pretty well" he declared, "We pretend to work, and the government pretends to pay us".
I often wonder where all these executives are, physically. And, what they do every day. Proof of life, so to speak. AI may already be here.
Looks like somebody is not into the year end earnings, or maybe did not realize Bresnick is now the President.
Other than a couple of desperate fugitives from other message boards, there is nothing here or anywhere that disclaims the facts of life LQMT, Valencia Circle: It is dead. And cannot revive until the controlling entities say so. To be clear, the controlling entities are the Chairman of the Board through vote control, via LQMT Hong Kong, and the CCP he is beholden to. All the gabber about the demand of product from LQMT Valencia is and has always been nonsense. There is no demand for our retail shareholder pathway to money. .
Everything has been transferred to China. Somebody please do demonstrate otherwise, by the numbers.
For FYI and CHIP, thank you for being here. I would remind that there is nothing from LL, the MAZE, LQMTHK, or LQMT Valencia, that suggests we will ever get paid a dime. Not one word. Well LL said we would be profitable some years ago........
And it went up a whopping 3%....but granted there was more fluctuation during the day as traders went in and then out. Yes, the explicit manufacturing for the BMG
aspect should be Eontec/Yihao, but I do not see that published anywhere by anybody, including LQMT Valencia and MOVE. Maybe I missed it. Furthermore, the cross licensing agreement with Eontec our partner in China, can be cancelled, modified, or just ignored with no chance LL is going to sue them over performance.
Has there been anything published on what entity is actually manufacturing the MOVE parts? Maybe I missed it?
Eutectix. Now there is an echo from the past. Another partnership that fizzled away. I wonder if they still have our machinery from headquarters, under tarpaulins in the Arizona desert. Still would like to know how they booked that transaction. Charitable contribution against future earnings? HaHa. And the watch bezel Now there is an endorsement for critical high tech application. Almost as good as missile fins (wonder if the People's Republic is enjoying those). Guess I am just sick of all the failures to perform for shareholders. Would rather soar aloft and read wisdom and beauty in the Super Bowl. We have a new Queen. has not been one since Jackie, and the would be King is only a Knight. If that. The Brits sure know how to entertain themselves.
Thank you. Good info.
So Apple selling the rights to Movano compared to granting Movano a sub license, may be a distinction without a difference in respect to Gary's thoughtful point?
Good thought,, but I don't recall that Apple under the MTA can sell the rights to a third party.?
I am on your side and I hope you prove to be right and LQMT moves on to become a viable player. And the TC purchase seems like a positive move, but it is pretty thin . 50K in the grand scheme of things isn't much. Who knows, he may know the company is going to be sold for 16 cents. MOVE does not seem like the harbinger of corporate maturity right now either, but the FDA may change that. Right now, the unavoidable fact of LQMT is.....a nickel, and holding. Besides, what makes business sense to us, may not make sense to the Chinese and LQMT Hong Kong.
Wonder why LQMT is not participating? The answer has long been obvious. The individual that controls the company on behalf of the Chinese Communist Party has been sitting on it. There is no other explanation that makes as much sense. Are you listening to what the Director of the FBI has been saying, among others, about what the Chinese have been up to? Fits the bill here pretty darn well.
Come on, guys. Really? How grown up is that.
One could make the argument that LQMT Valencia is a Chinese asset being held abroad. 46% certainly, with effective control under a Hong Kong holding company which was ultimately financed by the State. At least the Chinese State and the CCP could make that argument to LL and win it. Probably would not need to make an argument. Would be an incentive to improve the financial performance and even get back the whole $64 million. Nothing else has worked to inspire this company.
That being the case, why aren't they contracting with LQMT in the states for the same proven products/services? Probably better examples, but there does not seem to be any crossover from our 'partners' in China.
Just wondering out loud, does the maze have any US customers in China? Anybody know?
Apple did not buy LQMT for it's technology, it bought the key technology (rights to) from a starving company and left the remainder for us. Then along came the Chinese and did acquire effective control of the company, along with (lopsided) contracted rights for the IP and brand. Absquatulated with all of that, left LQMT Valencia Circle on the sidelines, for us to enjoy. I was just wondering, amongst the 'us', is there anyone that really does not understand what has happened....to us? Think corncob level punishment. We are in nickel range after all these years. Whilst Apple and the Chinese are having a fine time. working the technology.
Apple has more money than most countries. China has more money than Apple. None of which is on the way to LQMT outside shareholders' pockets. It seems to be.
This board is full of octogenarians. Funny, there didn't used to be any. What happened?
I do not normally respond either, but you have put some of the well known peanut gallery against the wall in a colorful way, very Texas, thanks for that. They are empty hats. I have lived and run businesses in the Far East as well, for a global company that started in Shanghai in 1921. It seems you were in plastics injection molding, in real time. And invested in LQMT with that relevant background. So, aside from the complaints we all have as stockholders of LQMT, I would like to hear your view on who is actually calling the shots in this company, and what to expect. And why. And thanks in advance.
Sellers, buyers, market makers, shorts, longs, man in the moon, they have always been around but are merely peripheral to the underlying question, which is: What is fundamentally wrong with this company? It does not have revenue, earnings, sales, manufacturing, nor the staff to achieve any of that. The company is dead. Sidelined, in my view. To the point of absurdity. The answer becomes more obvious every day, week, month, year this goes on. And on.