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Thanks so much Nerd. Must admit I have never seen that option before.
There are long pioneering journeys headed by competent researchers, scientists, entrepreneurs, manufacturers and those who can partner a project to fruition...
and then there is the hopeless slog through a rat's maze of baffle and bullsheet, and no dazzle from brilliance.
Only Dongju Chung and Angie Lopez-Guitierrez remain as original employees hired by James and John Kang. The departure of Abdi Mahamedi on the board also signals the departure of the last board member appointed by Kang.
John Kang still has a hold on LQMT Valencia Circle.
I expect to see Victory Oilfields buy out LQMT Valencia Circle for pennies on the dollar.
I have always rated Abdi Mahamedi for what he is: A New York Playboy
The internet is replete with his pictures over the years with both boy friends and girl friends. He has not yet married either yet. the others are birds of a feather that flock together.
First, you need to have people with imagination and creativity.
Don't see any of that with Dongju Chung, Isaac Bresnick whom I see as stable boys in the Livery which has no horses. Don't see any Willie Shoemakers on a Seabiscuit (a real biscuit winner) in the saddle.
It's quite heartening to find a stocktwits site which is fact-based, reliable information.
Too many others, like LQMTstocktwits are full of fiction and fantasy.
According to MarketBeat.com, Lordstown Motors presently has an average price target of $3.66. Personally, I put the target much higher with any announcement of a fleet contract...
A number of hedge funds and other institutional investors have recently made changes to their positions in RIDE. Morgan Stanley raised its stake in Lordstown Motors by 3.8% during the second quarter. Morgan Stanley now owns 186,487 shares of the company’s stock worth $2,062,000 after buying an additional 6,756 shares during the last quarter. Raymond James & Associates raised its stake in Lordstown Motors by 14.8% during the third quarter. Raymond James & Associates now owns 13,978 shares of the company’s stock worth $112,000 after buying an additional 1,799 shares during the last quarter. Deutsche Bank AG raised its stake in Lordstown Motors by 3.1% during the third quarter. Deutsche Bank AG now owns 74,522 shares of the company’s stock worth $594,000 after buying an additional 2,209 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Lordstown Motors by 14.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 41,460 shares of the company’s stock worth $331,000 after buying an additional 5,100 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Lordstown Motors by 28.6% during the third quarter. Teacher Retirement System of Texas now owns 18,503 shares of the company’s stock worth $148,000 after buying an additional 4,115 shares during the last quarter. 45.45% of the stock is owned by institutional investors and hedge funds.
Jack Chitayat was a Founding Partner of J. Holdsworth Capital Limited, a private investment and management group engaged in the acquisition and subsequent operation of middle market manufacturing, distribution and service businesses, as well as venture-backed start-ups since 1987. His responsibilities at CDG include the evaluation of investment activities in addition to the financing aspects of the acquired portfolio properties.
John Kang, Ricardo Salas and Jack Chitayat were three of four founding partners of J Holdsworth Capital. This was the original holding company that inititiated the Liquidmetal IPO in 2002.
Check out how these partners also started a company importing nuts from Iran just after Kang and Salas graduated from Harvard. These guys were all financial types, hedge funders, who were clueless about Bill Johnson's coatings and bmg research and development.
No.
https://carlyle-usa.com/executive-team/
Jack Chityat and John Kang worked together at Wannabe President Romney's Bain Capital. Jack Chitayat reached out to Abdi and dragged his arse into the LQMT mess.
Lordstown Motors is a Real company, Real product, Real jobs, Real potential for sales. Timely Reports and updates Take it in stride as we move on in a forward, upward direction.
(The opposite holds true for LM et LL et DC et alia: totally failed and totally flawed - from top to bottom.)
Nice Summary of recent happenings for your fingertips:
https://mail.google.com/mail/u/1/#inbox/FMfcgzGpFqZkVHVdQWRldZHbWDlTmxfj
The most important point is that it is to be done in secret.
Not in the Pharisaical front row in a public forum.
It should not be made a mockery and is meant to be employed not in sarcastic modes.
LQMT is not the intended forum for subject at hand.
The big limitations, which are never mentioned on this board, is failure of LQMT outside of its solid state temperature range.
Despite having all of the other great attributes,
these attributes fail when Liquidmetal becomes a liquid at much lower temperatures than normal crystalline structure metals.
The other problem is the 20 percent waste factor for the sprues and runners, with a finite life of recycling. You basically must use virgin bmg feedstock plus a small amount of recycled material.
This makes for transportation problems of the waste material to limited facilities which can recycle it. Even the transportaiton of the waste material for recycling makes for additonal costs.
These three factors are why bmg's are not being readily adopted.
BREAK OUT POINT has been reached.
BREAK OUT to the UPSIDE.
BREAK OUT has been BREACHED. at 15.44pm
That is a GUARANTEE that RIDE will close around USD 2.65 per share.
Everyone had a chance to exit from a short position.
The pigs have already been murdered.
The HOGS are entering the SLAUGHTER PITS Today!
Especially those who shorted at USD 2.46
Bye Bye
The problem with Risk Reward Analysis with Liquidmetal is this:
There has always been huge risk in buying Liquidmetal.
It has been a PROVEN LOSER and DIVESTER of all LQMT shareholder holders.
There has NEVER been any REWARD in 21 years since the IPO.
So, the formula for LQMT
ALL RISK
NO REWARD
Mark it, Stamp it, Post it
EVERYWHERES
Monday will be the SUMMATION and CONCLUSION of WATTS RISK REWARD ANALYSIS for LQMT:
NOTHING BURGER from a NOTHING CEO.
DITTO BURGER from an ABSENTEE COB.
DITTO BURGER from a RUBBER STAMPER President.
If I were short shares of RIDE today, Friday, the 13th, I would consider that a very good omen to close my short position.
Monday's are always disastrous for shorts following Friday the 13th.
Always disastrous.
Close your short position now BEFORE YOUR BROKER CLOSES IT FOR YOU.
OH, HURT.
Watch for the stampede in the last hour today.
RIDE will close over USD 2.55
Mark my words.
I believe a fleet contract announcement will be coming forth early next week.
And, Looking at the long term charts, we are at the virge of a MAJOR BREAK-OUT POINT.
MAJOR BREAKOUT POINT
All Longs HOLD ONTO YOUR SHARES.
MAKE the SHORT HOLD OUTS PAY DEARLY.
Next major benchmark to reach is USD 3.40 per share. Expect to see that in July.
The same can be said for a liquidmetal sparkler:
All fizzles and sparkles
No boom, boom.
All hat and no cattle,
just the prissy, prissy prattle.
All sizzle but no steak.
Tweety Bird Watts
Taught I taw a putty tat.
Those who have attended ASHM know Dongju's modus operandi.
Good luck to ya, Padre. Believe me, you are payin a premium. This will be revealed next week.
The USD 2.46 - 2.50 is an important break-out point IMHO. It was also where a lot of shorting was done. It would be great to close higher than 2.55-2.60. For the time being, however, momentum is slowing.
Thanks. I appreciate that small note.
So, as I understand it, this link below, says among other things, that we can draw up to 400 million dollars against the stock issuance....to the Cayman Island loan maker?
... or what am I missing? Ninivaggi said we need at least USD 150 million in funding. I would guess we would draw down this, right.
Seems we may be out of the woods for the next year or so, right?
By the way, after hours took us up to USD 2.29. So, there is a good chance we may still see some continued upside, IMHO.
Best to all Longs on a Long RIDE to prosperity.
No, I disagree. I think it is proof that a failed CFO who can't file on time (with nothing else to do on his plate) should not be the CEO of a company. It also is indicative of not coordinating very well with a new auditor, which really is strange, because it was Dongju's first job as an auditor for 8 years.
I will be pleasantly surprised if we had such a slurry of contracts of purchase in the first quarter that the company financial staff had to work overtime to meet deadlines.
However, LQMT management, and, in particular, the financial departments under all CFOs except Bryce Van, who was exceptional, have been notorious for not meeting deadlines.
It is now time to post another material event: (something like this, I imagine):
Lordstown Motors and XYZ Truck Fleet have announced agreement in principle for the purchase of 50, 000 Endurance Trucks to be delivered in January of 2023.
Such an announcement would clean out all of the shorters at RBC and their crooked counterparts.
What a nice surprise such a contract would bring to us longs.
It would really be the pair of tweezers to the pimple shorts.
Thanks to the LQMT Judge Advocate General
I highly recommend that outstanding shorts pay the piper now, at this very moment, because the PPS is nearing its break-out point of USD 2.40 per share. I still maintain the stock will close above USD 2.50.
Suck up your losses, now, Shorty. You have waited much too long to extricate yourself from this box.
Better luck next time on reading Ninivaggi's tea leaves (which are very straight forward, honest and clear. This may be hard on shorts to interpret, though, and I do understand.
I apologize for my volume forecast at end of day of 90 million shares.
It looks like it is going to be closer to 100 million shares....a new record, I believe.
Shorty is having a real difficult time buying back in at the pigs price. Looks like he is going to have to pay the hog's price.
This never happened under Bryce Van and his staff.
This has only happened under Dongju Chung's manglement.
He also botched most of the appointments of auditors, going from first class auditors down to local auditors nobody ever heard of.
Just a hunch, but I think that some of Daniel Ninivaggi's friends from his days on Wall Street have jumped in to put the shorts to the fryin pan. (Carl Icahn comes to mind.)
The shorts have unmercifully put this stock down.
Now is PAYBACK TIME.
Shorts have been FROSTED and TORCHED and are in a state of shock.
What else explains the UNPRECEDENTED VOLUME for RIDE SHARES today.
We could easily go over 90 million shares traded by COB.
Only a fool who was advised to buy at USD 1.50 yesterday ignored that advice and missed out on a 60 per cent gain today.
RIDE currently at USD 2.36 per share, 58 million shares traded (a record) at a trend TURN A ROUND. at 1200am EST.
As forecast earlier this morning by me, I am still looking for a break-out at USD 2.40 which will take us above USD 2.50 and head us back to the three's, four's and five's within a month or two.
There is still a lot of the short interest still sittin on the side lines who are slow to close their position. MORE PAIN to lessen their GAIN.
From Dimesville to Nickelsville, that is the Karma of LQMT current share holders.
Grasp the truth, see the daylight. Get off the roundtable.
First of all, Madre, the after hours high was 2.04, which was up 33 per cent.
19 per cent is just FLAT WRONG.
My calls have been SQUAT ON.
Proof of that is today's action:
The high is USD 2.26. This is up from the close yesterday of USD 1.51
Now, my elementary school math tells me that from 1.51 to 2.26 is a 49 per cent increase. The facts are on the charts, babe.
Those who followed my lead, at this very moment, are up 35 per cent at USD 2.05
And now at 11.06am are up 38 per cent
And now at 11.09 are up 43 per cent
Sorry to disappoint. Those who have been shortin this stock just ain't EVER QUITE HERE and have lost a ton of money this morning.
I am extremely comfortable with my purchases in the mid 1.50-1,60 range yesterday and today. And, how's this workin out, MADRE.
I am, however, forced to admit, that the FIVE DOLLARS is a bit premature.
But it is a lot safer call than LQMT getting back to a dime.
Finally, the 43 million shares traded speaks a helluva lot louder than 248,000 shares.
Good luck to ya...ya might need some.
Lordstown Motors 3000000 shares has been trading more shares in the pre-market than TSLA. 2205000
Indeed, It is second only to AAPL 4,300,000 shares
WHEE. Lots of Shorts will SHART today, BIG TIME.
The after hours volume this morning is really, quite unprecedented, IMHO.
There is a hell of a lot of scurrying and scramping as a result of a lot of ships of the shorts being scuttlebutted.
WHEE! Look like we are in for a helluva RIDE this morning.
I am confident we will close today, at a minimum of a PPS of USD 2.50.
Repeat: A MINIMUM of USD 2.50 close.
The biggest mistake that LQMT has consistently made since the terrible Apple deal in 2010 has been in picking partners and negotiating contracts. and, in that regard, the company has consistently had failures in choosing management which was familiar with the die casting and injection molding business from the gitgo.
All start up companies run into problems. But the successful ones have competent management, with a clear vision and focus coming from experience and background in the basics behind the field they are trying to launch.
Finally, in each and every contract made while TC has been in the financial driver, perhaps from gross inexperience and naivete of how manufacturing and sales works, all contracts have given away pieces of the company to the extent that LQMT no longer has any control over its destiny. Rather, it has totally sold itself out of the picture for the future BMG business. It's quite sad and quite painful for the loyal supporters since before and just after the IPO that hoped the management would correct itself instead of repeatedly making the same mistakes in trying to re-invent itself by amateurs at the helm.
The latest flop has been to sell the last vestiges of its soul to the CCP instead of to a Western Leaning country, say like Taiwan, Korea, or Japan, all of whom have done research in BMGs.
A good example of a struggling US company to enter a new industry and partnering with a west leading manufacturer is as follows:
https://finance.yahoo.com/news/apple-supplier-foxconns-q1-profit-061529661.html?fr=sycsrp_catchall
Rarely has an accountant or financial type been the right leader for a manufacturing company. They inevitably lose sight of what really counts in vendor, production, marketing and sales relationships. They are simply out of their league.
Lawyers and accountants, in a word, are VISIONLESS people. Production types, like, say, Terry Gou of Foxconn could have run with the likes of LQMT and made a huge success of the company. But with all the dealings that LQMT had with contract manufacturers like JABEL, Foxconn, and the like, they never were able to make the necessary deals. This again, is a failure of management, and, a failure of incompetent management. LQMT is a continuing saga of CRIPPLES, all EGO's but no EAGLES, running a company into the ground.
(PS, Just my humble opinion. Don't ask me how I really feel.)
https://finance.yahoo.com/news/apple-supplier-foxconns-q1-profit-061529661.html?fr=sycsrp_catchall
TAIPEI (Reuters) -Apple supplier Foxconn warned that current-quarter revenue for its electronics business including smartphones could slip as growth slowed amid rising inflation, cooling demand and escalating supply chain issues partly due to lockdowns in China.
The Taiwanese firm, the world's largest contract electronics maker, has grappled with a severe shortage of chips like other global manufacturers, which has hurt smartphone production including for its major client Apple.
While the company reiterated that COVID-19 controls in China only had a limited impact on its production as it kept workers on-site in a "closed loop" system, demand for its products in the country has suffered as people remain shut in. The slowdown has recently been exacerbated with a downturn in major markets due to high inflation and the war in Ukraine.
The predictions reinforce the urgency for Foxconn to reduce its reliance on smartphones and consumer electronics, which make up slightly more than half of its total revenue, and diversify into areas such as electric vehicle (EV) manufacturing which it sees as a $34 billion business by 2025.
"There are many uncertainties in the market at the moment," Foxconn Chairman Liu Young-way told a post-earnings call, citing the pandemic, geopolitical risks and inflation among them for the year.
"They are presenting quite some challenges to demand and supply," Liu said.
The slight decline estimated in consumer electronics revenue for the second quarter was due to a higher base last year and before new product launches later this year, he said.
Liu said inflation is hitting demand for lower-end consumer electronics but the impact on the company so far has been limited as most of its products are higher end.
"We are closely watching when inflation will impact mid and high end products," he said.
The company, formally called Hon Hai Precision Industry Co Ltd, expects overall revenue to be flat for the current quarter and for the full year. It did not provide a numerical outlook, but projected strong growth for its other businesses such as components, computing products and cloud and networking products.
In the first quarter ended in March, Foxconn's revenue rose 4%. Net profit grew 5% to T$29.45 billion ($985.48 million) and was largely in line with an average analyst estimate of T$29.76 billion, according to Refinitiv.
In autos, Foxconn said it will develop new vehicles with struggling U.S. EV maker Lordstown Motors Corp. On Wednesday, the Taiwan company said it completed a deal to buy a factory in Ohio from Lordstown for $230 million.
The two companies will also form a joint venture to make vehicles, with Lordstown owning a 45% stake and Foxconn owning the rest.
Liu said gross profit margins for assembling EVs are relatively low, similar to its smartphone assembly business. That is why Foxconn plans to develop more profitable EV components such as auto chips and batteries, he said.
"Only in this way can we achieve double-digit gross profit margins."
Foxconn shares closed 1% lower ahead of the earnings release, versus a 2.4% drop in the broader market. They have fallen about 2% so far this year, giving the company a market value of $48.1 billion.
($1 = 29.8430 Taiwan dollars)
I suspect that 70 call options are going to reward you handsomely today.
Wish you well. We pray for all Odessans and Ukrainians during their struggles.
As a matter of fact, Termite, shares reached $ 2.04 after hours today, far more than the USD 1.91 I called early in the day.
The struggle was against the FAKE NEWS blasted by RBC.
I predict a tight squeeze tomorrow with trading going into the mid two dollar range.
It could be higher. I believe that the conclusion of the deal removes quite a bit of the uncertainty since October. That the company now has a firm foundation financially to launch the Endurance, perhaps, even ahead of schedule.
I think today shorters in your camp are going to eat some losses.
Remember, termites suck woodies.
I am not real keen in believing any of the crap that the Royal Bank of Canada puts out on PPS forecasts.
There top banana in the analyst department should be sheet canned tomorrow morning when he goes into the office. What a frickin LOSER.
Yes, Indeed. Foxconn is well situated in this arena.
Not only does it have its own in house operations it bought from Sharp, but is very well, how should I say, EXTREMELY well connected with TAIWAN SEMI CONDUCTOR, the largest and high quality manufacturer in the WORLD.
STOCK is UP 33 PER CENT after hours.
This does not take into account the 23.22 % SHORT INTEREST
Oh, HURT the poor LQ investors I begged to invest in this company.
Oh, HURT the high rise guy whose elevator NEVER QUITE MADE IT to the TOP.
And, thanks to all of the faithful that have provided good DD.
Thanks, for the NO MAZES or Fantasy Island Trips here.
Just pure blood, sweat and tears solid investors on this board.