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Sorry not buying this answer. What in the world is liquidmetal going to produce that is valuable to Apple. 5 years an nothing to show for investors let alone something valuable to Apple. Yet Apple renews.
Apple is producing all the IP and apparently putting the money into R&D that liquidmetal doesn't have.
Sorry your answer doesn't make much sense in light of the current reality.
Show me one piece of IP produced by liquidmetal that is shared with Apple.
You bash the management and this company constantly, yet talk about how Apple renews because the see value in liquidmetals IP.
Show me the evidence!!!
If apple had everything they need, they wouldn't be renewing the license agreement every year. You guys who think you have this all figured out still haven't been able to discern an intelligent answer to why Apple renews the license agreement every year, when the have perpetual rights.
If we don't get news soon, we will break a nickle.
Maybe all the cheer leaders now understand the concerns I have raised over the last few months on this board.
This is a high risk and highly volatile stock.
He also bought back roughly 67000 share at . 26. He has held these and lost like the rest of us.
If you don't own any shares of LQMT why are you spending your time here. Did you get burned yourself and now you are angry? Post's like yours are worthless, and usually come from someone who is trying to manipulate others.
I didn't think it would take long to see this stock tumble into the 9's. In contrast to gorgol who does't think people are selling, this dump of 450,000 shares is an example of the lack of trust generated by management.
Management needs to get thier act together and start producing or we are going to see more investors bailing on this stock, and a hard tumble down to a nickle by December.
I don't plan on staying in this stock for another year or two years to watch management milk us to death. If this company doesn't generate something concrete by years end, I will be joining the 450,000 share dump off.
It is very clear in the PR that the follow-on production order is not the medical device. MD is a fourth prototype separate from the follow-on order. Go back and read the PR.
The thing that concerns me about this follow-on production order by liquidmetal is that the PR gives no dollar amount, no product, no company, no numbers at all. When I google follow-on production order every other PR by other companies provide detailed data about their follow-on production order. This concerns me, and continues to put Steipp and company in a bad light operating like slippery business men. NDA doesn't cut it at this stage of the game, unless they are twisting the terminology and we really don't have a legitimate production order.
I have to agree with gorgol on that one.
Yes, let see where we are now:
The Negatives:
-0.103 per share
-Prototypes that never came to fruition
-More vague PR's about Prototypes
-No known contracts by salesforce after 1.5 years
-Still little to no revenue
-More dilution to support the company
-Pumpers on this board making predictions that never come to fruition
-Incompetent management asking for million dollar raise
-No liquidmetal being used by Apple
-Insiders not buying their own stock at these low prices
The Positives:
-3 Prototypes (but we don't know anything about them)
-2 Engel machines that are in house (but not being used for contracts)
-A sales force team lead by Paul Hauck (but no known contracts sealed)
-Apple, Engel, Materion partnerships (but not resulting in any significant revenue for Liquidmetal)
Could this stock still make it. I would say it has a slight chance, but if the company can't secure contracts and revenue soon, we will see even more dilution. I don't see this stock through rose colored glasses like many of the pumpers on this board. I see it as an extremely vulnerable, and volatile stock that is extremely high risk with the probability that it will fail, but a 1 in 10 chance that it could be a success. I think if it succeeds there could be a big pay off for investors. But let's not kid ourselves about the high risk investment we are in.
You need to come to grip with the fact that some people have lost hope and trust in this company, and are afraid of losing more. Not everyone believes in these prototypes the way you do. I for one am highly skeptical because of the status quo way they were communicated through the PR-- No companies, no numbers, nothing, zilch. Same way they communicated all the other prototypes that came to nothing. I can't blame people for getting out.
Bottom line is that these prototypes don't mean much to investors because they are so vague. Therefore, without concrete news about contracts and revenue, we will continue to see the price dwindle down.
I for one wouldn't be purchasing more stock based on such vague PRs.
Wow. This stock has turned into a dud! The more time that goes by and the more silence the lower we go.
I don't think it will be much longer before we see .09s the way this is going.
Even with Apple, Engel, and Materion after five years still no significant contracts or revenue. What a shame. Too bad that the predictions of Steipp not having the experience needed to get this company off the ground are apparently coming true.
LQMT management are better politicians than they are businessmen. They spin everything, but after five years in office have not lived up to their promises.
You are reading it correctly. Steipp was clear in a cc as well that this is an equity line of credit.
Not upset, just pointing out the fallacious thinking that often comes up on this board. In fact, I still think this stock and company has a slight chance of success. Also, I don't consider Apple a handcuff, rather a life saver keeping this company afloat when it was at the brink of bankruptcy. Get your facts strait.
You assume someone is angry and frustrated because they point out the current reality of the stock. This is another insulting comment to investors trying to make anyone who says anything negative purely responding out of emotion rather than facts. This is far from the case. I think most investors on this board, not all, who are concerned and cautious about what is going on with the stock have been around a while, and understand the current situation we are in. And the bottom line is that this ship has not yet turned, and might or might not turn. Why do you assume someone has to be angry to make such a statement.
Furthermore, I find that many who post the negatives are merely reponding to those who are making false assumptions and statements about this stock. For example, in your post responding to me you say "a door is about to open showingus more substantial contracts thanthe knife". This has not yet happend, but you state it as though it is an indicative, assuming it is a done deal. These kind of statements are misleading. We don't know for sure that this door is about to open. It might open, but it might not.
Again if you need to believe this way for your own sanity that's fine, but don't demonize and make insulting comments about those who point out our current reality in response to much of the false claims comming from this board.
Gorgol,
You have been around here long enough to know that the negativity is not just around what was, but what IS.
The current share price IS still in the tank
The most recent PR IS written so vague that it smells like the last prototypes that never came to fruition
The stock IS so diluted that any pop only yields one half to one cent price increases
The management IS not trusted anymore and lost credibility in the eyes of most investors
It IS over 5 years into Steipp's reign of Liquidmetal with no apparent success yet
It IS over 5 years since Apples License agreement with Liquidmetal with not even a small part made from Liquidmetal in a product
The predicament of most LQMT shareholders IS that they are in the Red with this stock
Most are still invested because of what could be, but this does not negate the fact of what IS our current reality. Maybe it helps you not to think about what IS, and if that helps get you through the day that is your call. But please done insult investors intelligence by telling them their negativity is only rooted in what WAS.
And yes I am still invested in this stock and voting in favor for the future success of this technology. But I realize this company has some major hurdles to overcome, and at the end of the day I may loose my investment here.
And right now we have no specific medical device or company identified. So what we currently know doesn't go beyond what Steipp himself told us a year ago.
CIMA has not postulated anything that STEIPP has not already communicated in the last year, before CIMA was even on this board. So please don't make this guy out to be some kind of prophet when most of his predictions regarding SP have not come to fruition.
Stock did what I thought it would today. Going take real contracts that produce significant revenue to see this stock move forward. Managment has lost credibility putting out PR's like this in the past that didn't come to fruition.
Sounds like a move in the right direction. But the PR keeps it very vague with many unanswered questions? Who? How much? When? I am sure management is worried about the SP and are trying to prop it up. Remember if it gets below .10 they loose future funding.
For me I won't get excited until I see significant contracts and revenue come in. That's when we will see the SP rise significantly. Until then these PR's by Otis have lost their glitter to me.
I am glad someone on this board is omniscient in regard to LQMT's future. Makes me feel better.
Nothing different here that hasn't been held out as a carrot in previous years. But where is the bacon?
Open your eyes and stop dreaming that you are walking through a field of flowers. This stock is a war zone and right now we are getting our butts kicked with general Steipp in command.
Yes something is brewing. But it smells like sheet in the kettle. That's why the stock plummitted back down to 0.10.
I have been waiting for something positive to happen for almost 5 years now based on these kind of PR's in regard to prototypes, and so many other forward looking statements pumped by management. So don't hold your breath, unless you want to keep from smelling the lqmt sheet.
Apparently you have already had a taste of the sheet, based on your statement of now having to eat crow.
If we don't hear of news soon we are going to see this stock plunge below .10. I think the next three months will give signs of the future of this stock.
Chip,
You are grasping at straws. This is not BMG. This has been explored in past posts.
Another dud for lqmt with regard to Apple. I am giving this stock until the end of the year and then I will take my loss if nothing comes to fruition by then.
I think apple has had time to use this in at least a small way if they were going to use it. After 5 years w a license they haven't been able to do anything with it.
Tom Steipp should have never been hired to take on liquidmetal. He had absolutely no experience or track record for starting up new businesses. He totally destroyed this company beyond recognition, while he still walks away with his profits.
He will continue to hold out his carrot to shareholders at every CC and w every PR. And just when shareholders think they are about to grab hold of the carrot, they will find themselves stuck deep in sheet.
Thank you Tom for leading shareholders down this rabbit trail for the past 5 years. You should resign and let someone else take over liquidmetal who knows what they are doing.
Seems pathetic when PR's focus is on dog and pony shows, and one additional piece of equippment that we have no known contracts for it to fullfill.
What in the world is Hauck and his sales force team doing? I would think that after 1.5 years we would have some news of at least a couple of contracts. Seems near impossible to persuade companies to take the step toward Liquidmetal products.
The fact of having Apple, Engel, Materion and other Billion dollar partners has lost its glitter, since the partnerships have not aided liquidmetal in obtaining contracts or success up to this point.
I am starting to feel less hopeful for this company the more time that ticks away with no contracts or revenue.
I am deeply concerned that we will be seeing another round of dilution to bring our stock price even lower.
It is highly doubtful that tomorrow will bring any good news for LQMT. And if we don't stay above a dime, we will lose our future funding source.
I really don't find it interesting at all. There is absolutely no evidence that Apple will be doing anything with Liquidmetal in their products this year. Maybe next year, as always.
What ever happened to the big contracts with Applied Medical you pumped for the last 5 months-Zippo. Are you working for somebody to pump this stock, or are you really this naive?
You believe the terms were "actively develop". Once you are sure these are the terms please sight the part of the contract that spells this out and I will consider if it has any plausibility. Even if true, it still doesn't give rationalization for renewing the license, since we know Apple continues to produce patents annually which covers this apparent clause for "actively developing" liquidmetal. They don't need to sign a liscense agreement to confirm what they are already doing.
The thing that investors have to realize that come to this board is that those who bash the management and protocol of Liquidmetal are loading up their own boat with shares when the stock price dips. Therefore you should beware of who you follow on this board both pumpers and dumpers. Everyone is looking out for their own self interest not yours.
Anyone who claims they know the full details of the Apple license or other partnerships formed is simply stating their own theories based on limited knowledge, but they like to portray it as fact.
After 4 years on this board there are those who show up contending that they have special knowledge based on their own D&D of liquidmetal and they are sure the stocke will explode any day. There are others that project a positive outlook no matter what bad news comes out about Liquidmetal. Still others portray an all knowing posture about liquidmetal but because they lost so much to this stock only portray a doom and gloom attitude.
At the end of the day. This stock could turn around and explode any day, or it could go bankrupt. No one really knows accept managment. It's high risk, with a 1 in 10 chance of succeeding. I have been stating this for 4 years now and it continues to be true, inspite of all those who predict overnight success.
May or may not be true. However, it is most likely we can make money indirectly from Apple through our partners.
Also, were you around years ago when the agreements with Apple were forged. There were forms being filed by Liquidmetal with the SEC that did not have to be disclosed to protect whomever they involved. It would only make sense that these involved Apple, and an indication that we do not have the full story yet.
One more thing, Apple continues to renew their license agreement every year when they have nothing to gain from Liquidmetal. No one on this board has been able to explain why Apple continues to renew when they can continue to develop patents using liquidmetal without the renewal since they have perpetual rights to liquidmetal. Apple is the one pouring millions and millions into R&D and don't need liquidmetal, yet they renew every year. WHY!!!!!!! There is more to this than meets the eye and anyone who thinks they have it all figured out is just pumping or dumping.
Once Apple perfects liquidmetal for their products and uses it in a breakthrough product as the inventor of liquidmetal predicted within the next year, we will see Apple either buy out Lqmt or the real monetary benefit of the Apple/lqmt contract manifested, which has not been fully revealed yet.
How's your hope for growth in this company you expressed over 3 years ago working out for. We have gone from revenues of over $500,000 back then, down to just $35,000 last quarter. The bright future you predicted back then, which is were we are now, is not so bright.
If Hauck and his sales force don't produce real contracts from their efforts soon, then this company will be headed toward more dilution. We still have the hope of Apple, or some other company buying us out, but I am not sure how much they will pay out.
I hope the next 3-4 months gives signs of a turn around, but right now all we have is Steipps WORD of potential revenues at the end of 2015. And his word has lost some credibility in my eyes.
Prototypes are not revenue generating contracts. Until we hear of contracts and revenue, I have learned the hard way, there is no real cause to rejoice.
Interesting how Steipp conned many of us into believing that we had commercial viability 2 years ago, and were on the verge of making revenue. If only it had been true, we might be at your predicted $3.00 a share today.
Creates great skepticism in what management is feeding us now. I want to believe Steipp, like Gorgol, but ......
We will know soon enough in the next three months if we were just fed a line of BS again. I just hope we aren't blind sided by another dose of dilution while we wait.
Looks to me like they are talking about August/Sept 2016.
If I had a quarter for everytime someone said--"its different this time"--over the last 4.5 years on this board I would be rich.
Bottom line is this stock is still a huge risk. Until the bacon is on the table, we stand in a position where we can still lose with this stock. For many this could mean never gaining back what they already lost.
We all hope for the best, but all longs have seen and been in this situation before.
I still believe there is a possibility for success with this stock, but newbies should be cautious of those who only seem to be cheerleaders for this stock, without presenting the risk factors involved.
Smells like another Apple pump and dump headed our way. Wouldn't be surprised if we see a rapid fire of paid PR's hyping apple products in the next week or two. If they can pump it up to .20 I will sell 50,000 and buy back in at a lower price, and take my profets.
Would you like the pied piper version that make you feel good, or the version based on managements track record thus far?