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"VPS was previously the exclusive manufacturer of the substance, but Liquidmetal had complained it charged too much for making it.”
“That’s interesting because since that deal was reached, the USPTO has published its patent filing,” Evans writes. “The Apple patent was originally filed six years ago. As it stands, Apple has the exclusive right to use a substance no one else can use in a consumer electronics product and its partner (Liquidmetal) can have that substance made wherever it likes.” (MacdailyNews)
This sums up the issue with liquidmetals old contract vs. the new contract with Visser par excellence.
The bottom line is Liquidmetal is now freed from VPS, and can have products made wherever it wants.
This is the great news coming out of the new contract between Liquidmetal and VPS, and the TIMING of Apples extended licensing agreement with Liquidmetal immediately following the new contract is no coincidence. There are too many SIGNS like this one just mentioned pointing to a very significant reciprocal relationship between Apple and Liquidmetal to doubt that Liquidmetal will benefit in ways beyond R&D and advertisement from the relationship. Problem is investors are kept in the dark in regard to the facts, for now. But reading the SIGNS can provide perspective.
I am a long time holder, and bullish over this stock in light of these new developments.
Gorgol,
My experience the past 4 years in this stock has been that things have moved much slower than we were led to believe. The result is my current shares are worth 60% less than what they were worth just a few years ago. The dilution isn't over yet, since there is another 9.5 million dollars that Steipp will receive for more of our shares that will continue to dilute the worth of my current shares. And we all know what happens when/if that money runs out.
And I was told by Chung in an email that the 200 million newly authorized shares would not be used to dilute the stock.
Right now these patents mean nothing without real contracts and revenue to bolster up the share price.
Also Jayson Bond and his groupies just bought into this stock, so I expect to see their pumps on this board until the next Apple puff and fluff is over.
I don't think Steipp should have been brought in as CEO to Liquidmetal 4 years ago. He was a higher up in another company, but has absolutely no experience of taking on a small company like LQMT, and moving it forward toward contracts and revenues.
All of the poor decisions made by Steipp the last 4 years are now haunting this company. His lack of past experience in starting up a company, and current lack of performance is now costing the company and its shareholders big bucks.
This stock has a tendency toward a downward spiral after the cc. With insiders dumping, and no real good news in the short term I am predicting 0.11-0.12.
Paul HAUCK himself said, "THIS WILL TAKE SOME TIME", as a summary to his ability to sell Liquidmetal parts.
It sounds like they only have enough cash to get them through the middle of 2015, according to Chung. So not the three years they were shooting for. Amazing how much cash they are burning through with nothing to show for it, so far.
Spartan,
The last four years I have been in this stock, the sell off has ALWAYS come after the cc, not before. It could be a couple of penny's per share, it could tank down to 10 cents or below.
If this company had any good news to share, it would have been revealed already. 4 insiders selling off their shares the last few weeks does not make one hopeful for a good cc. Steipp will give his usual spin on the current situation, but most investors have the ability to read between the lines.
I think Watts has this stock pegged correctly, for now.
Make no mistake-this stock is a risk. 4 years ago investors were saying the same thing you are saying when the stock was at 50-60 cents per share. Pumps have never stopped coming in about Liquidmetal, but this stock has ultimately tanked below 10 cents on several occasions because of a lack of performance by management.
We all hope management gets their act together, but the recent sell off by the CFO, and the lack of contracts, revenue, pending arbitration with VPC, etc. casts a dark cloud over this company right now.
The Insiders cashed in some of their shares, because they know their is nothing happening with LQMT in the short term, and the share price would drop, as it has. This has happened every year for the last 4 years, and the share price eventually tanks to a dime.
I think we are looking at 4th quarter before anything of possible substance happens with this stock. Insider selling right now speaks volumes to this. My opinion from being in this for years.
It's hard to believe that after 4 years at command Steipp still does not have one contract. I think it's time he came out with a statement admitting that his original time frame proposed for landing contracts and generating revenue was erroneous, and giving some detail about why his original time frame for securing contracts was not kept. In addition, he should provide an update to his strategy and time frame for contracts and revenue from this point forward. He owes this to long time investors, especially after his "in the midst" statements and several blog postings that suggested contracts right around the corner.
Oracle,
I agree with you about Chung. Back when LQMT first made the announcement of the 20 million dollar equity loan over 3 years, I emailed Tony Chung and raised my concerns about further dilution. The guy actually said they weren't planning on diluting the stock with this deal. Amazing that he can live with himself. Amazing that Steipp keeps men of this character in CFO positions. It doesn't speak highly of Steipp. This kind of a blatant lie from a CFO casts a dark shadow over this company in regard to its ethics.
The thing about this stock is that the share price could shoot back up tomorrow morning with one pr, or not. It's a gamble to sell, it's a gamble to hold.
Watts,
I think you make some good points based on the current information we have. However, I don't believe all information has been disclosed in regard to Liquidmetal's partnership with Apple. It is likely, but not certain, that Liquidmetal will see profits from Apple directly or indirectly that have not been disclosed.
Also, I am surprised in your last meeting with Steipp you never brought up your questions or concerns. You seem very passionate on this board to make your points about Steipp's incompetence over an over. Why didn't you raise your concerns when with him face to face to give him a chance to respond?
Is that why Bromage just sold 2/3 of his shares--because something big is going on?
"The reason is that the ongoing dispute prevents the company from marketing and sales of turn key operations until the exclusivity issue is resolved. "
Please provide evidence for this correlation you make between the dispute with Visser and the company being prevented from marketing and sales of turn key operations.
"It is haunting the viability and profitability of this company. "
Please bring forth the evidence to build a case for such a statement. Otherwise it's just smoke, and opinion.
Your opinion, NOT MINE!
I totally disagree with your assessment of Steipp. I think Steipp has done an excellent job and shows much promise for running LQMT. He has forged the new partnerships with Materion, Engel, and done a stellar job honoring the reciprocal relationship with Apple.
Apple trusts him, Materion trusts him, Engel trusts him. But maybe I should listen to Sage Watts of IHub who doesn't trust him.
If Steipp leaves, I will be out of this stock ASAP!
This looks very bullish to me! Who is going to put a few hundred thousand dollars of their own money into this as an insider, if they don't see a bright future ahead for lqmt.
Those who keep beating the same old drum of no royalties from apple have yet to responded to this argument referred to in your post. This makes perfect sense, and is more plausible considering the reciprocal relationship established between Apple and Lqmt as indicated by shared patents, licensing agreement, and the secrecy upheld by lqmt in regard to apple's plans for its use of liquidmetal.
I believe Engel and Materion are also in on this, but this will all be revealed in Apple's time frame not according to the timeframe of a bunch of shareholders.
Hey Bob,
Thanks for your perspective. I am still in this stock (to name only a few reasons) because of shares purchased by insiders over the last year, the current partnerships with Apple, Engel, and Materion, many of the very significant staffing hires made over the last year (I don't believe Steippe would bring them on under false pretense risking a law suit by them), board members-past and previous-who own millions of shares and have not sold out.
Also I purchase and sell homes as an investment strategy. Bashing a home I am invested in has never been a keen investment strategy of mine. So I agree with your comments about the need for more longs to post positively about why they are long. We have better reasons today then ever before!
Same old song and dance by the shorts. They always come out after the CC. This stock will continue to be easily manipulated until there are contracts and revenue, which can happen at any time.
I am glad that Steipp is moving the company in a positive direction, and not hyping this stock with faulty products. I believe he is a man of integrity ensuring that when Liquidmetal makes its debut with new products they are of quality with out fault and failure. This will be a radically different LQMT from the old one that produced products that failed and left customers with a bad taste. I am ok with this taking more time than anticipated, if it means significant contracts, with high quality products that draw in more contracts rather than polarizing companies from doing business with Liquidmetal, because of failed products and an inability to perfom.
As I said in my last post, this stock is nothing but a pump and dump until Steipp shows some real contracts and revenue. The licensing agreement with Apple, has unfortunately been used to manipulate this stock with false PR hype for the last 3 years, as it has this last run up and then dump. Too bad the SEC doesn't have a way to hold accountable those who produce such false PR and hype this stock year after year.
I have lost confidence in the management, but still believe in the product. Hopefully Engel or Materion will buy out this company before Steipp dilutes it to its death.
It's troubling that management gave themselves substantial raises this year, when they have produced nothing in terms of contracts or revenue to justify it.
I have been invested in this stock for over 3 years now. At least twice a year we go through the same cr_p we just experienced. A bunch of hype and false promises that get the share price up, only to be disappointed as the share price comes tumbling down, sometimes quickly sometimes an inch at a time.
I believe in this product, but Steipp has done a horrible job, in my opinion, over the last 4 years and not delivered the goods. If he had anything to deliver, it would have come out in a PR when the share price was up. But we experienced nothing but silence, as usual from management.
I don't think this upcoming conference call is going to help us investors out at all. In the 3 years I have been invested, every conference call has led to a lower share price after the cc. Unfortunately, if they had anything substantial to report in terms of new revenue from 4th quarter, it would have been made public already.
Hopefully one day this company will turn around. But for now it seems to be the same old pump and eventual dump.
Watts,
You have persuaded me. LQMT is stuck in the mud and going nowhere. No new revenues, Apple doesn't seem to be using liquidmetal in their product anytime soon, Lockhead contract is probably 5 years away, and we are looking forward to more dilution, with 200 M shares being authorised in two days.
I am selling my shares on Monday. This stock is aimless.
Actually, your figures are not accurate.
Currently Liquidmetal only has 52 million shares left that can be excercised for cash. This is according to a recent discussion I had with Tony Chung 3 weeks ago.
If they issue another 200 M shares this gives a grand total of 252 million that could potentially be excercised for cash.
Based on your estimate of 140 M shares exercised for cash in 2014, this would leave only 112 M shares for 2015.
It's also possible that revenue can come by way of new licensing agreements this quarter. This wouldn't be out of the scope of reality for liquidmetal, especially considering the fact that Engel has the capability today to build IM machines for liquidmetal.
We will all know soon whether Steipp's prediction of revenue this quarter is fact or fiction.
I am expecting a continued rise in the share price.
Steipp said in the last CC that 4th quarter 2013 would be the time for contracts. We are now only 16 days into the fourth quarter, and we have already had two positive PR's, though not confirming contracts yet.
I expect to see a contract(s) this quarter based on Steipp's comments, and this will keep the stock price moving up.
Additionally, Apples event is schedule for next week, and I expect investors will continue to purchase shares based on speculation of a liquidmetal part(s) being found in the new Ipads.
Just my opinion.
I just listed 4 in my last post that is also all public information released within the last year:
1) significant hires, one that recently moved across the world to take this position
2) significant insider buying this year
3) recent PR with Engel's stamp on it
4) recent policy changes to cover executives in the event of a buyout
Riese,
If you hang around this board long enough you are bound to become pessimistic and negative about Liquidmetal at some level. Lots of people giving their subjective opinion about management and LMT, but they don't really know squat.
Keep in mind Steipp has hired some heavy weights in the past year, one who moved his family across the world and gave up a very significant job to work for Liquidmetal. Something is brewing that we don't yet know about. Steipp is not going to risk having a lawsuit filed against him by hiring these new employees under some kind of false pretense of contracts soon to happen etc. He knows positive things are coming for Liquidmetal.
This is undergirded by the insider buys, the recent PR, and the policy maneuvering being done for the top executives.
Read some of the previous posts on the functionality of the "ornament." Several on this board have already pointed this out.
Definitely looks like it could be liquidmetal to me. Shiny on both sides, when it doesn't need to be. Probably has a functional purpose as well.
Would be a great next step for liquidmetal into Apple products, before its bigger debut in 2014 as Atakan Peker predicted this kind of sequence and time frame.
I believe Apple is to debut their ipad 5 and ipad mini in October. It's possible these may have liquidmetal parts, and this debut could lead to a boost in stock price for Liquidmetal.
Thanks for clarifying the valuation. I am expecting between 1-2 billion for a buy out from Apple.
If I am right us longs will all be wealthier for it. If I am wrong well.....
Good luck to you as well poop deck.
My next price to sell is at $2.00 and I believe it will most likely go over $5.00.
Looks like lots of selling that took place here. How's the accumulation going these days.
Thanks poop deck,
Have you purchased back all the shares you sold off during the last pop in share price yet?
I spoke with Tony Chung about a concern I had about diluting the stock further with another 200 m authorized shares. He said, "In regard to the 200 million share increase, this will not be used to dilute the stock."
So for all those waiting until after October 24 to buy back into Liquidmetal in expectation of some dilution happening-good luck.