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Be careful of the pied pipers who prophecy wealth from lqmt. They are the blind leading the blind.
This is the reality over the last 5 years of Steipps reign:
-Major dilution roughly 150-500 million shares
-Sales force led by Paul Hauck for 1.5 years with no know contracts to show for it
-Misleading communication-“In the midst” statements by Steipp
-Insiders like Chung purchasing shares at .07 and selling at .26
-PR's regarding prototypes that never came to fruition (see below PR)
-One small contract for knives that had to be sent back and redone
-1.76 lqmt stock now worth 0.13
-A 1 million dollar raise request by Steipp, that had to be turned down by investors, rather than his BOD (one of the pied piper's on this board openly admits to voting in favor of this pay raise).
-Equity lines of Credit given in exchange for diluting the stock
-golden parachutes given to upper management
-2 million dollar burn rate per quarter, and 25,000 in revenue from Q1 2015
-30-40 % pay raises for upper management sometimes annually
Apple, Engel, and Materion certainly have an interest in Liquidmetal for their own gain.
This company has a 1 in 10 chance of success. If they don’t have success soon, I believe we either will be bought out by a company with deep pockets, or go belly up.
Read this PR from 2013. It should caution you about putting too much stock in the PR fluff and stuff put out by Otis:
"Liquidmetal Technologies Continues to Fill the Pipeline with Deliveries of Prototypes to New Customers in Targeted Industries
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)-- Liquidmetal® Technologies, Inc. (LTI) (OTCQB: LQMT), the leading developer of amorphous alloys and composites, has reported steady deliveries with five Liquidmetal prototype parts shipped to customers in its targeted industries during the second quarter of 2013.
The prototype shipments were to new customers in the automotive, golf and medical industries. All five of these prototypes have significant market potential and are undergoing extensive testing by customers.
Two prototype shipments were high performance automotive components, which represents a new market for the Company where keen interest has been shown in an industry where having a competitive edge is paramount.
Prototype shipments also resulted from the Company's development program with iGolf Technologies which aims to introduce the next generation of technology driven golf club designs. Ultimately, these club designs will be made available to golf equipment manufacturers seeking an overall performance advantage in this competitive market where innovation is favorably received.
The medical industry prototype shipment falls into the dental appliance category where the strength and resilience of Liquidmetal alloy provides remarkable advantages over current manufacturing methods.
"As we continue to fill the pipeline with additional prototypes, earlier prototype deliveries are continuing to be evaluated and measured against critical benchmarks which we feel offer major performance advantages and cost savings to our potential customers," commented Tom Steipp, LTI's President and CEO.
Whatever happened to these 5 prototypes and the others referred to in this PR? My share price continues to crumble while we are still in the midst of great success and wealth.
Wrong. Apple has first rights to buy the ip in CIP, not Liquidmetal as a company. Read the license agreement.
Sorry Stockgreen. I can't agree Steipp is doing a great job until there is bacon on the table. So far after 4 years invested in LQMT, he has touted machines, potential contracts and potential profits every year with nothing to show for it. If I wasn't so far under, I would sell off my shares.
I HOPE one of these companies we have partnered with buys this company out, because i don't see Steipp or this management capable of saving this company. Most of the pie in the sky talk comes from new investors, as Watts proclaimed. Even the day trading here is pathetic due to the day trading abuse of this stock resulting from the apple partnership.
Good luck to you.
Yahooooo! I have been waiting 4 years in this stock for another friggin PR from Otis giving his fluff and stuff. How many times have we heard this BS before, with nothing but dilution to show for it.
New investors should listen up to Watts. He may seem negative, but he knows this company like the back of his hand.
The real question is not why wouldn't they, but why would Apple renew the license agreement when it appears they have nothing to gain?
The MTA already keeps the technology out of other competitors hands in the CE area without renewing the TTA. Apple has first rights of refusal to buy the IP in Crucible without renewing the TTA. So again why go to the trouble of renewing the TTA when there is nothing to gain for APPLE?
Also, you are incorrect about Apple having first rights of refusal to buy the company. The MTA makes it clear that their first rightof refusal only applies to the IP in Crucible, not to Liquidmetal as a company.
Why does Apple keep renewing their rights to liquidmetal? I understand they continue to share any new IP in CE developed during this period. But what's in it for Apple? Apple seem to be the one doing all the new development, not Liquidmetal.
My understanding from the MTA is that Apple's license agreement with Liquidmetal is perpetual, which would give Apple the right to develop their own IP. So why renew with Liquidmetal when Liquidmetal is doing squat, and Apple is the one cranking out all the new patents.
This tells me that there is probably more going on in this relationship between Apple-Liquidmetal than is spelled out in the MTA-TTA. This could very well be the case since the SEC would allow for this type of secrecy to protect Apple's interest.
Maybe the Liquidmetal powers that be did a better job negotiating than what is currently revealed or understood.
I welcome anyone to shed light on this issue.
The only information that has substantially raised the stock price for LQMT is when numerous promos have come out touting Liquidmetal in an Apple product. Currently, due to the vast manipulation of this stock through false Apple-Liquidmetal promos, it takes numerous promos get the stock price up at all.
Liquidmetal is a penny stock that had amazing potential, but instead of amounting to anything, it has been manipulated through promos, and diluted beyond recognition by managements huge mistakes the last 5 years. This has made skeptics out of most these days.
For the last 4 plus years, partnerships with Engel, Materion and any news relating to these partnerships has done nothing for the stock price. Honestly, anybody who thought an Engel symposium was going to help LQMT stock price, has not done their homework.
Personally, I don't believe Liquidmetal has the money, nor the right management to get this company off the ground, and into the black. It will eventually either go bankrupt, or it will be bought out by another company.
Also, if Steipp leaves in August, be assured we will see this stock plummet, contrary to those who think it will be good for the stock.
A few questions for the board:
1. What is the value for Apple in the TTA and renewing with Liquidmetal? After all, Apple is the one who is coming out with all the new patents, not Liquidmetal. They obviously have nothing to gain from Liquidmetals very minimal R&D, so why renew the license every year? What is the advantage for APPLE?
2. I remember Liquidmetal fillings with SEC a few years back that did not have to be made public. Is it possible there could be more to the MTA and TTA that has not been disclosed to the public to protect APPLES Secrecy?
3. What Liquidmetal patents, not developed by Apples R&D, has liquidmetal come out with in the last 5 years?
4. Will Steipp stay past August? He was just voted down a million dollar raise. I know he said in the cc he wasn't going anywhere, but that's what you would expect him to say. I think if he leaves, we will see this stock tank down to nothing, in spite of those who think it will be a good thing.
Your prophecies are like clouds that DO NOT produce rain.
Most of the longs on this board are well aware of the risk they have taken with this stock.
We don't need a mantra of false prophecies and predictions to to cheerlead us into holding or not holding this stock.
In regard to MA's knife, it is written: "The first of our designs to be produced in Liquidmetal." Could they have plans to design more knives using Liquidmetal. This statement could be interpreted in this way.
Still waiting for a medical contract. Steipp said this would be one of the first contracts to be announced.
If Steipp wasn't interested in generating revenue, do you think he would have put his sales force in place with Hauck leading the charge. Common, lets get real. The guy owns 6 million shares, if this stock price goes up he has a vested interest. The guy took over a half million dollar pay cut per year to come and work for Liquidmetal. His shares will be the main way he gets paid back the loss he has taken in pay to try and get this company off the ground. And no, I don't like how long it's taking to generate revenue, and there have certainly been mistakes on the way, but lets keep the critique credible here.
Watts,
You always make excellent points. I think you are most likely correct about the 2 year mark for Liquidmetal making a profit from commercialization. I have time, God willing, to wait it out.
However, I don't know if I would use the word "definitely" in connection with the 2 year profitability statement, since there may be ways profitability could happen sooner that we don't know about. Hauck, in fact alluded to several RFQ's and NDA's in his CC. You nor I have any idea of the profitability potential behind any of these. But I would agree that the probablility of Liquidmetal being profitable will take 2 years.
At this point, it's been good to see the Engel machine advancements, and the sales force with Hauck leading the charge. Hauck seems to understand the challenges he faces in landing contracts for Liquidmetal, and as Peter Drucker points out, knowing your "current reality" is always the starting point for developing effective strategies for achieving one's goals. I believe that Hauck exemplifies this kind of wisdom.
In regard to your definition of "commercialization" I think your interpretation that requires profitability in the way you describe may be too narrow and limited. See the below quote from wikipedia.
"Commercialization or commercialisation is the process or cycle of introducing a new product or production method into the market. The term often connotes especially the entrance into the mass market as opposed to earlier niche markets, but it also includes a move from the laboratory into even limited commerce." Wikipidea
Johnson appears to think that Apple will eventually use Liquidmetal for casings.
"Interestingly, in 2010, Apple acquired the rights to Liquidmetal's die-casting and electronic-casings business. We have possibly not yet heard the final chapter in the electronic-casings story."
Also I believe Johnson said that widespread commercialization will not be seen for a couple of years, not that commercialization is not possible at this point. Infact, we will see commercialization in June with the knives. I believe more contracts will follow to the degree that in a couple of years we will be in the midst of widespread commercialization through Liquidmetal alone.
Can anyone on this board explain a valid reason why Apple, who having a "perpetual exclusive license" in regard to liquidmetal, has to renew the license every year.
If it's "perpetual" what is the gig with having to renew it every year?
If Steipp cashes in shares for this revolving loan (up to 30 million dollars), where do you think the millions of shares will end up? THEY WILL BE SOLD ON THE OPEN MARKET, FURTHER DILUTING THE SHARE PRICE. They don't need our approval for this, they can just do it as they need money.
BOTTOM LINE IS THIS COMPANY WILL NEED CASH AGAIN SOON (unless they are bought out), AND MORE DILUTION IS INEVITABLE.
Charts don't mean SHEET for this stock
We are in the season of APPLE HYPE
This keeps the price UP and often popping HIGHER on the Hype announcements
This has been the trend now for 5 YEARS
Add in the JUNE ENGEL SYMPOSIUM highlighting Liquidmetal
and the KNIFE CONTRACT
WE have a recipe for a higher share price, at least for a few months.
THEN COMES THE DILUTION
It won't be long before we see a medical contract. I believe after that we will see Liquidmetal used in a fuel cell battery, one of Apple's first patents.
Let's see:
Your opinion-patents worth zero VS. Apple's opinion-investing half a billion dollars into R&D for patents. Who should I side with on this one???
Like I said, "a day traders haven!" This has been going on for years under Steipp's reign.
Does anyone on this board know if Apple ever renewed their agreement with Liquidmetal? Their agreement expired on February 5, 2015, but I haven't seen anything that extends/renew their agreement.
Why don't you quote me fully. Here is the rest of my quote:
"You forgot to mention that they gave themselves golden parachutes and major raises to their salaries in the process of diluting this stock!!!
If you are going to bash the stock you might as well get all the facts out there."
My critique is the same today, as it was then. And yes I am one of those longs hoping for a savior for this mismanaged company.
AS FOR YOU, WHAT IS YOUR AGENDA. I have seen you around before, just another day trader buying on the low, and taking in the suckers when it pops on the hype.
This stock is nothing but a day traders haven, sucking the life out of naive traders who buy into the Apple hype. Steipp and crew are worse than the day traders, giving themselves bonuses and Golden Parachutes all on the back of stock owners.
The majority, if not all, longs are underwater. Most who fall into this category are hoping that somehow the tide turns so they can at least recoupe their losses.
Longs are looking for a savior for this stock: Apple, Engel, Materion, Barney, and most recently Hauck. All have come up short and failed to deliver the goods.
Personally, I don't believe that Liquidmetal has the money to afford to commercialize their product to the degree it will turn the company around to start making a profit. They need a billion dollar plus company with credibility to eventually buy them out and dump money and resources into commercializing this stock. Until then, Liquidmetal will continue to suck the life out of its shareholders and dilute the stock.
Watts is absolutely correct!
I have been in this stock for 4 years now, and haven't posted in a while, because I am disgusted with management and its lack of progress, contracts, revenue.
I will definitely be voting against management on this one. I am sick and tired of Steipp's constant dilution, and lack of performance.
I don't know what is holding this stock price up to .15 right now. I don't think it will stay here past Christmas, and will come crashing down to a nickel again or lower in January.
The bottom line is Steipp shouldn't have been hired to run this company. He has no experience starting a company from the ground up. Now he is just running this company into the ground.
I think their strategy was to try and get this company off the ground, and then turn around and sell it for a quick profit. Problem is after four years of Steipp at command, we have experienced nothing but dilution, no products, no revenue, no contracts, and one stinking machine doing nothing for us. Who would want to by this piece of Cr*p?
Steipp's contract is over in in 9 months. If something doesn't turn this company around quickly, I believe we will see this company file bankruptcy with Steipp's departure.
I hope I am wrong.
The only news that has spiked the share price is Apple speculation. This has been consistent for 4 years now. When the hype and speculation dissipate after Apple makes it's announcements with no news of liquidmetal, the share price tumbles--like clockwork. This is what is now happening.
Day traders have used this stock to take candy from a baby when it comes to uniformed investors who buy in on the Apple hype. The grunt work being done by Hauck is small potatoes for keeping the share price up compared to Apple hype. The majority of new investors are not drawn into LQMT by Liquidmetals' PR's anymore, since they have led to absolutely nothing the last 4 years. They have been drawn in by Apple hype.
This is what Steipp and his crew have turned this stock into with their overall lack of competence, lack of performance and lack of revenues over the last 4 years--A day traders playground.
On the positive side, there aren't any other stocks like this that have Apple in their corner with the kind of patents they are developing for LQMT and the money they are putting into R&D with no charge to Steipp and his crew.
I think if this stock makes it, it will make it big. But I think we are talking about a 1 in 10 chance it succeeds.
This reminds me of the scratch issues when the iPhone 5s came out. Nothing but a bunch of negative hype over nothing. This is a minor issue.
The major issue with LQMT is when is Steipp and company going to land a contract. 4 years and counting, and still nothing but smoke and mirrors.
I am still long on this company, and waiting for apple to implement Liquidmetal one day in it's products. If it doesn't, this stock will eventually go bankrupt when they can't dilute the stock any further.
I don't think Steipp and company have the competence to market LQMT and land contracts. Their only competence so far has been in diluting the stock. They need Apple to save them, or they will eventually take a dirt nap as a company.
One in ten chance this company will make it.
I think it's time for everyone to get out of this stock. Dilution then the big reverse split! Sell tomorrow!
Cheap is when I bought shares at 7 cents!
LQMT for four year has been a day traders playland. This stock has a 1 in 10 chance of making it big.
Anybody who was shocked by the outcome today, doesn't understand the risk of this stock they have invested in.
Also, any one who knows this stock understands that the Apple ride is not over yet. The game goes on!!!!!!!!!
Yes better to just sideline. Chances are just pump and dumps, and if not you could always chase this up to $5 per share if it hits.
If you own shares, you better get out on Tuesday Zombie before the dilution hits! If you don't own any, you best stay way!
Just my opinion, and I am Loooong on this stock.
Our float will not mean a hill of beans, if Apple announces LQMT in a product. LQMT will skyrocket. The apple bang will have a much bigger impact on stock price than a contract.
Apple could have their own manufacturers as well. Nobody knows.
Uh, I am pretty sure he supplies the ingots to Swatch.
"Little bump." If Apple uses LQMT in one of their products. This stock will skyrocket to $3-5 dollars a share! But probably not likely to see LQMT in the next iPhone. However, speculation about the Apple Logo being made out of LQMT hasn't been disproved yet, in my estimation.
If they can justify this with contracts and production needs then it will be good news for the stock. They already have millions to get them through the end of 2015, so maybe this has to do more with finances for production needs. If not, we are all sunk.
Looks like Steipp and his team are diluting the stock by another $30 million dollars!
If you don't know why you own it, why don't you just sell off your shares and take the profit!!
Very unlikely that Liquidmetal will be in the next iPhone. The recent pumps don't look like they have any credibility to them. Probably the day traders who bought in trying to get a rise out of the stock.
If Bond and his groupies all bought in the other day, they may get caught with their pants down with insiders selling off their shares right now.
Investors beware! There are many on this board who post in hope to get the share price down.
Some sold when the stock was below 0.18, and want to buy back in, others just want to buy more shares on the cheap. Some have predicted the stock plunging back down to 0.15 over the summer, but it hasn't happened.
If this plunges back down, it will probably be a while before it does so. There are to many possibilities with contracts, and Apple. Even if there is no liquidmetal in the first release of the iphone, there is still the speculation of liquidmetal in the iwatch that will keep this stock price up.
If a contract happens in the next quarter, and Apple announces LQMT in the Iphone, we will see this stock skyrocket in price beyond the pop in 2010 ($1.76-and insiders did not unload their shares).
Also, the fact is that not all the details about the partnership between LQMT, and Apple has been released. We have limited knowledge that has been given to the public about agreements made between LQMT, and Apple. Don't let posters on this board convince you all is known about the Apple and LQMT relationship.
This is not an advertisement to buy, since the reality is that this company could still go under.