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Extrapolating the technology for 10 years….making some of those giga-machines running BMG churning out 3-4 pieces that becomes an automobile frame while a few more of them crunch out doors, fenders and trunk lids. Surround it with robotics and you could run it all in the dark! Tesla (Ford and GM) have to be thinking in that direction….all we need is BMG in a rainbow of colors and we won’t even need paint. And by the way, the pieces snap together like Legos…I remember the patent that had parts with formed edges that snapped together to make big flat pieces from small ones.
OK folks….I spent 25+ years developing and perfecting new technologies and the actual formula is only the beginning of a starting point….it’s not difficult to dream up combinations of atomic radii that will inhibit crystalline structure formation. I bet 80-90% of the technology is in the process technology. This is constantly evolving… think 16 cavity dies and reducing cycle times from 5 minutes to 2 minutes. It all contributes to the economics. Others have tried an failed when they had 30-50% parts rejection rates for quality issues. This part of the technology isn’t published/it isn’t shared with customers but developed with experience over time. It’s a significant barrier to entry for competition…..just making a few samples means nothing if you can’t take it to the next level.
I understand that the founder owns 30% of the stock BUT no debt, a big pile of cash and a strong technology base makes Fulgent a takeover target by some of th big guys in the genomics arena. Just thinking.
I would love to be in the middle of a bidding war!
I’m willing to share an opinion on the meeting.....I think that the professor will announce that we will be profitable before year-end but will share no details. That’s all folks!
Oops...he will announce the continuation of the dental contract at 20,000 parts/month.
So half the shareholders will be pissed about the lack of specifics and the other half will be encouraged by progress......oh well
BRCN earnings expected July 5th.....Q4 2021 and year end. Obviously burning cash Q1-Q3 but will be interesting to see if Q4 is profitable. All depends on Merit results...if Merit loses $2 million, our share (30%) will be $600k and will show up on the income statement. Welcome to the pluses and minuses of partial ownership.
If they make $2 million, we get the $600k plus the royalty on the technology..
Don’t think Merit will be profitable yet since they are staffing up prior to actually processing a significant number of orders.....costs always ramp up before revenues hit.
Primarily looking for hints of Merit’s expansion plans (and timing)...new capacity needs 6-12 months lead so I want them to be surprised by their success and begin next stage. They need to be pre-emptive in their thinking.
SEC?..US:BUROF BuRcon NutraScience SEC filings...CERT Form 40F dated May 21, 2021
Includes electronic letter from NASDAQ....Arnold Golub , Deputy General Counsel. NASDAQ
Second paragraph...”We further certify that the security described above has been approved by the Exchange for listing and registration.”
Third paragraph...”We understand that the Registrant is seeking immediate acceleration of the effective date of registration and we hereby join in such request.”
Approved only 4 days after filing! Still no announcement from the Company!
Got approval for NASDAQ listing about 2:30 today.....up 10% immediately....wait to see what happens on Monday once the word gets around
Doesn’t Apple have right of first refusal? $100 million is chump change to keep others away.
I’m just an engineer who likes to play with numbers so here are a few...
Fact....the dental contract is for 10,000 parts a month
Fact...the 10Q says quarterly product sales were $63k so that’s 21k a month
Dividing the sales $ by the number of parts gives us $2.10 per each and every part
I can’t imagine a Liquidmatal part that sells for $2.10....it’s way too low
Alternate explanation ...I think that the $2.10 is our portion of some number (gross profit or operating profit) from processing the order. Assuming 12% (a guess), then the GP/OP is $17.50 and the actual product selling price would be n the #35-$40 range. This sounds much more plausible
It also means that the sales actually booked by our Chinese partners looks more like $400k a month. That’s a fairly big number but it could explain the enthusiasm last Summer.
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I have my doubts that this is Zyris.....these units sell for about $2000 and dentists aren’t big spenders...what’s their motivation?
I think it’s a dental consumable and I’m hoping it’s dental implants...there are 5 MILLION dental implant procedures in the US each year. A confirmation could be the announcement of a new contract for 50,000 parts a month. That would be telling.
Time will tell.
Wouldn’t it be interesting if they announced a new manufacturing facility in North Carolina?
So Apple is planning to invest 430 BILLION dollars in the US through 2025....that is one huge chunk of money. The only concrete item was a new R&D/Management center in North Carolina employing a few thousand people in AI....that explains about 2 of the 430.
Alternatives could be something like 20 chip manufacturing plants....several automobile manufacturing locations or the return of manufacturing from China to guard their technology more closely. In any case, expect a highly automated facility with lots of robotics, AI and maybe even lighting.as an option.
Certainly not everything will be in the CE arena.
What’s all the concern about the options....only 1.5 million shares ($150k) are in the money and none are about to expire. Who exercises an “out of the money” option that is 2-5 years from expiring?
Three pennies profit on 1.5 million shares is only $45k and its taxable!
Product Sales Revenue of $558k in the fourth quarter.....I see that as progress.
I think the MMS would get more bang by buying 500k four times throughout the day rather then one chunk.
I’m a little surprised by the lack of comments on the activity this afternoon. Between 2:15 and 2:16pm someone chose to sell 2 million shares of LQMT which amounts to more than the average daily volume. The price dropped from $0.108 to $0.101 ...about 7%. As thinly as this stock normally trades, I would have expected a drop of 2-3 cents. Strange but then again, it’s just $200k but still.
Something is moving the stock price this morning...relentlessly. Love it.
I think the MAZE itself was developed by this message board as a tool to understand the various connections and interactions between the players. It’s a tool....a graphic representation and that’s all.
Fisker is scheduled to be commercial with its “Ocean” SUV in Europe during 2022. Their manufacturing partner in Europe is Magna....a Canadian based automobile pieces parts maker and assembler. Why did Fisker want to join up with Foxconn when they had Magna in their pocket?
Every 100 pounds of weight reduction impacts gas mileage by 2%......doesn’t sound like much until you reduce] the weight by maybe 20% (1000 pounds)and sum it up over the life of the car.
12,000 miles per year x 10 year car life equals 120,000 miles divided by 20 mpg equals 6000 gallons x $3/gallon equals $18,000 fuel cost (gasoline). Knocking 1000 pounds off the car saves $3000-4000 over 10 years...not tremendously compelling but significant.
What does it mean for carbon footprint (tons of carbon dioxide)....a gallon of gas produces 20 pounds of carbon dioxide when its burned so 20% of 6000 gallons equals 1200 gallons or 24,000 pounds of carbon dioxide over 10 years....10 metric tons in 10 years times lots of cars.
EVs don’t make all the carbon dioxide go away, depending on how you generate electricity...coal power plants are disappearing but they are being replaced by natural gas which must be burned to make the electricity to charge the EV. Environmentalists point to solar and wind to supply pollution free energy but the quantities won’t be here for decades if ever. Nuclear currently generates 20% of our demand with no carbon footprint but its burdened by public opinion problems.
Complex problem with a series of potential approaches....work from home, have groceries delivered by EV, redesign housing etc.....build a transporter just like StarTrek.
Big parts manufactured by robots is less expensive than lots of little parts made by robots and assembled by workers....quality goes up and labor goes down. What’s not to like.
So this seems like a slow day on the Board and I love to speculate and connect dots even when they appear to be a stretch...
Recently, it was announced that Foxconn and Fisker will be working together to develop and manufacture an electric car offering.. coincidentally, the Fruit company has been making noises about moving into that very same market. OK I say...lots of folks seem to be interested in that space. The Fruit Company got upset with the Koreans because they violated project confidentiality and deep sixed them. Then silence.
So let’s speculate a bit....what if the Foxconn/Fisker arrangement is really a camouflaged Fruit/Foxconn/Fisker arrangement to keep a lid on the project, at least initially until the plan solidifies.
I like this idea because I see an opportunity...any EV will strongly value the strength/weight advantages that BMGs offer. Engineering from the ground up provides the opportunity to build a lightweight car with superior range and performance....all critical to ultimate success.
The fruit company’s depth of BMG technology is something that is a complete unknown. Using published patents is useless since that’s only the very tip of the iceberg. We do know they have been active for at least a decade and they would have scrapped it if they didn’t think it had potential. Terminating the agreement with LQMT (if indeed it is terminated) is a way to ensure confidentiality. Foxconn has been deep in BMG for many years and we have no insight into any technology sharing arrangement between Foxconn/Fruit.
Maybe we will finally find a use for all those acres in Wisconsin and by-the-way it’s really difficult to call a car consumer electronics even if it is an EV.
Added 25% to my position today..got a good feeling about this one. Plans to double capacity and get listed on the NASDAQ. Lots of good PR coming.
New question....damn near irrelevant. At what point will we be high enough to drop those pesky 0.001 increments and get back to moving in pennies like all good penny stocks?
Opportunity knocks.....didn’t expect it to “look back” but here’s a second chance.
So who is familiar enough with BMG to license the technology and build a facility in the US to manufacture product. I’m talking about folks that want and need to manufacture here for marketing purposes...not all end users want their critical parts “made in China”.
Some guesses....Tesla, ConMed and Foxconn are potential licensees. Timelines look like 1-3 years with 2-3 more likely. In that order.
Just planting a seed....nobody knows what son-of-SPAC or grandson-of-SPAC will look like. My Lordstown Motors experience returned 125% in something like a month but then petered out..not the 10-20x I’m looking for here.. I’m finding it difficult to see a clear path forward....been looking since 2014 so I don’t think it’s impatience.
Just discussing the possibility of a SPAC connection can drum up interest in the stock.
Continuing....we are the perfect target for a SPAC...the technology is ripe, the technology is protected by patents, can be demonstrated in things like phone hinges, it molds complex metal parts sidestepping expensive machining. The process can be highly automated with robotics etc. It is the direction for the future..just ask Elon Musk about his gigafactory.
Couple the attributes with the fact that LQMT is undercapitalized, has questionable management and has shown no intention of spending any of the monies it does have... its screaming for someone to come in and take charge.
OK it seems that I only post wild assed stuff on weekends so why should I stop now...
Been thinking about what LQMT needs to get off dead center and I have a laundry list ....we need 3-4 manufacturing centers the size of the China facility...that means 300-400 machines here in the good old USA. Top that off with a state of the art R&D center staffed at 100 and complimented with a knowledgeable sales and marketing effort composed of Sales Engineers...not salesmen or marketing gurus but individuals that can be an asset for potential customers. Give them a reasonable base salary and the opportunity to get really well off if the company flourishes.
So...the plan has a total price tag in the $700-1000 MILLION range and how does poor little LQMT get its hands on that kind of money ....it’s not coming from China...the answer is to go through a SPAC conversion/reorganization and an IPO to raise a Billion or so. I owned some Lordstown Motors and I’ve been through it...it raises a lot of money on a hope and a prayer and a good story. If the Fruit Company objects, they have the right of first refusal and can propose their own alternative if they wish...we have been stuck in this box too long. To be credible, we need scale on the local level...period.
I love poking the bear!
The real impact will be on the ammunition industry since it allows a consolidation of all the weird calibers that are different in cartridge body length. Life gets easier for the manufacturers and for the users.
During WWII, the Germans chambered their Mausers to be able to use the Allies ammo but we couldn’t use theirs without jamming....hmmm!
Yes, similar calibers can now be grouped....obviously a .22 can’t shoot a .30 caliber also but still significant.
You are arguing about a lousy million bucks in total sales...it means nothing ...maybe someone needed a down payment to buy a house or boat!
If I read this patent correctly, Vista has has developed a mechanism to allow their .22 caliber rifles to shoot .22 long rifle and .22 magnum cartridges through the same action. This is a BIG DEAL and apparently made possible by the physical characteristics of BMG parts in the chamber. REVOLUTIONARY!
Interesting day today....6% move.on 1.1 million shares but the split was unusual 331k shares in NY and 767k shares in Toronto. The NY volume being 10x what it was when I began following while the Toronto volume is about flat over the same period. It’s slowly being discovered as friends of friends of insiders are becoming aware. A significant string of 20k purchases highlighted the NY action.
Just think what it would be like if there was a press release.
Interesting day today....6% move.on 1.1 million shares but the split was unusual 331k shares in NY and 767k shares in Toronto. The NY volume being 10x what it was when I began following while the Toronto volume is about flat over the same period. It’s slowly being discovered as friends of friends of insiders are becoming aware. A significant string of 20k purchases highlighted the NY action.
Just think what it would be like if there was a press release.
I’m still trying to decipher the Maze Diagram....I consider the wide left/right green line to be a “buss bar” to clean up the 7 or 8 green lines ,dashed red lines are partnerships or JV’s , green lines mean ownership,, the multicolored circles appear to be partnerships with % indicated, yellow circles mean ?
We could use a legend for us thick folks.
Nice move today...under the radar but soon to be discovered. I’m looking for a volume explosion over the next 2 weeks.
So we are in a 14 day countdown for the Q3 results. Noticed the Merit start-up has slipped a quarter and hopefully they will announce that commercial shipments have begun. Could use something to goose the stock price.
Looking forward to February 16.
Sizable sales @ noon, 1:00, 2:00 and 3:00. All at the top of the hour. Death by a thousand cuts.
Added another 5k today....still no news but it has interesting activity which I see as insider buying. Hello out there,