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It is well publicized on this board by at least ten separate posts when I first invested in LQMT.
Do your DD and you will find it out.
I read the article and a caveat was supplied to you:
Only the most speculative investors should consider shorting the stock at this point, as a successful close of the transaction is likely to result in a violent rally.
In my opinion, I would read all of the article, which is opinion of one investor out of THOUSANDS.
Further, Seeking Alpha, is a site for AMATEUR poseurs, rather than sound experts.
My wife is Taiwanese and her insights into Terry Gou and Foxconn/ Hon Hai are pretty keen. I rely on her calls much more than the one you espouse.
Today is the PRECURSOR to an ascending SHORT SQUEEZE.
Nobody wants to have their SHORTS UNCOVERED this weekend, more than any other weekend of the YEAR to DATE.
I was very fortunate to have substantially increased my position of RIDE between 2.08 and 2.18 per share. The stock is up significantly on pending news of the FOXCONN RIDE agreement with the deadline of April 30 in Taiwan tomorrow. Taiwan is 13 hours AHEAD of OHIO TIME.
I am looking forward to a ROUT of the SHORT-SELLERS who have run this stock to the ground.
I expect to see TEN MILLION SHARES traded, MINIMUM, by COB and a close in the THREE DOLLAR RANGE.
THIS is IMHO, of course. Not to be construed other than a personal prediction.
I have never bought ANY STOCK at the IPO. That is what only a fool would do.
I emphasize the word FOOL.
Get real. It is not up to me to substantiate YOUR claims.
It is up to the poster of preposterous claims to provide links and calculations.
Three cents is a helluva lot closer to a dime than USD 22.50 at the IPO.
It is 12:01pm in Taiwan, early morning Friday, April 29.
Exactly 24 hours from now, April 30th commences in Taiwan.
This is the deadline for Foxconn reaching agreement with Lordstown.
The same time in Ohio at that time will be Friday April 29th 8.01 am.
So WHICH APRIL 30th is the DEADLINE?
TAIWAN TIME or OHIO TIME?
It appears to me that TOMORROW OHIO TIME or the 29th CLOSE of BUSINESS is the deadline, n'est pas?
THIS IS NERVE WRACKING for longs who have faith and trust in Ninvaggi and Hightower in closing this deal.
COME ON!
SAY SOMETHING BOYS!
https://www.morningjournalnews.com/news/local-news/2022/04/lmc-foxconn-deal-deadline-looms/
April 28,2022
LORDSTOWN — What lies ahead for Lordstown Motors Corp. hinges on finalizing an agreement with Foxconn that would smooth the way for the Taiwanese tech and electronics giant to purchase the electric-vehicle startup’s auto assembly plant.
It was November when the companies announced an asset purchase agreement for $230 million for the 6.2 million-square-foot factory and the land that surrounds it. With that in place, Foxconn agreed to a $50 million equity investment, that in a show of good faith, it made shortly after the principle agreement was made public in September.
The targeted closing date for asset purchase agreement is Saturday, but balances on the companies coming to terms on a contract manufacturing agreement for Lordstown Motors’s flagship vehicle, the Endurance. That agreement, according to Lordstown Motors officials in February, is a condition of the factory sale being finalized.
The sides also agreed last year to pursue a joint product development agreement to co-design and develop future vehicles based on Foxconn’s mobility in harmony (MIH) platform.
The latter agreement is vital for Lordstown Motors to raise millions more needed to launch the Endurance this year, company officials also said in February. That amount is about $250 million.
It appears neither deal has been finalized as of Wednesday, April 27.
A message was left and an email was sent seeking comment Wednesday with a Lordstown Motors spokesperson.
Foxconn has made a down payment of $100 million and another $50 million earlier this year. A second $50 million payment was due by April 15 and the $30 million balance was due at closing.
According to a regulatory report in February, if the purchase agreement is terminated or the transaction doesn’t close by April 30, Lordstown Motors must repay the payments by Foxconn, and has granted “Foxconn a first priority security interest in substantially all of our assets to secure the repayment obligation.”
The filing with the U.S. Securities and Exchange Commission also states if the purchase agreement does not close, Lordstown is unlikely to have enough money to repay Foxconn’s downpayments.
“As a result, Foxconn may exercise its rights under the APA (asset purchase agreement), including, but not limited to foreclosing on its liens on some or substantially all of the company’s assets. Under such circumstances, we would not likely be able to continue as a going concern or realize any value from our assets.”
In a February conference call with analysts to discuss the company’s fourth quarter and full-year 2021 financial results, Lordstown Motors CEO Daniel Ninivaggi said he was disappointed the talks were not further along, but characterized the relation with Foxconn as positive and was hopeful the sides would come to an agreement.
It was also on that call the company announced underwhelming commercial production and sales projections as well as continued financial losses. The expectation then was the company would produce about 3,000 trucks through 2023.
Ahead of the financials announcement, Fisker Inc., a California-based manufacturer of electric vehicles, announced it is accepting reservations for its second auto, the PEAR, which will be made in partnership with Foxconn. Fisker’s CEO Henrik Fisker told this newspaper last year if Foxconn successfully acquires Lordstown, the intent is to produce the PEAR in Lordstown.
rselak@tribtoday.com
Why has barney visser been able to secure aerospace contracts, but Valencia circle has failed. Nothing gave VPC exclusivity AFTER Master of the House Steipp negated the original contract.
Every other manufacturer of BMG's has been successful at obtaining contracts from customers.
Valencia Circle is the only failed, should I say, continuously, failed manufacturer of BMG's.
Not talking about a weekly low, wiper.
Talking about a DAILY low.
Any chart reader knows the difference.
Those who get caught up in reading only weekly, well, you know,
The other warning is not paying attention to the Point and Figure Charts and understanding how they read. Few here ever do that.
LQMT is going to have a surprise ascent leading up to the 10Q and form a double top and then come down to sub dime levels for the LONG, HOT, THIRSTY, NOTHING BURGER SUMMER.
This has been the pattern over the years and it has never failed.
STAY THIRSTY!
Looks like we are going to test the USD 1.96 intraday bottom again.
I have been adding to my position, any how, at these ridiculously low prices.
Thank you all of the sellers!
From early days under the Steipp regime and in spite of the Steipp Regime, Dark Knight has been a seeker of the truth and a challenger of administrative bull roar from management.
I very much would like to be encouraged by his post of late, but, as a few have pointed out, there appears to be no endorsement by LQMT management and support that liquidmetal has indeed replaced stainless steel as the material of choice in this latest FDA approval. This is a material event, in any case, and delay in reporting serves no purpose for for TC and IB and LL, for that matter. Why is it that we get plenty of reports relevant to the imaginary maze progress on cell phones and auto parts in China, but nothing of import for the Valencia Circle customer development?
Dark Knight,
Can you substantiate that you have confirmed with the VP of Connexions, Gruppo, that this approval in fact pertains to liquidmetal being the material of choice?
Please provide evidence which is as timely as this approval announcement.
Want to be sure that there is a good connexion tween the horse and carriage here.
Thanks.
Watts
Bottom Line: 24,000 shares of trading belies that liquidmetal certainly is not being referred to as a component in the Connexion suture device... FOR SURE.
PROVE US WRONG with documentation
Don't buy into garbage (that is the french garbaj), el pape
You also left out the excuse of the Ukrainian War and sanctions against Russia impacting Lugee Li's ability to get ANYTHING accomplished in the USA.
Let's get real, please.
LQMT has all they need. Don’t expect Lugee to save Valencia Circle from all the mismanagement done by this company.
If Lugee Li really truly had any interest in RIDE, the share price would be at 10 dollars Instead it continues to whimper along in the red at ten cents
All investors should learn to read what the stock price is saying about the pie in the sky views of Lugee Li as savior.
Totally wrong. After the contract was signed, the PPS was 44 cents.
It is now a dime.
Doesn't take a mathematical genius to see how steep LQMT has declined.
The only proof that LQMT exists is a rental office for 3 executives at Valencia Circle, which is mainly for Angie Lopez, the oldest known shareholder still working for LQMT and who is a perennial secretary who goes in each day to check the mail.
HA HA HA
Nothing has been accomplished even after giving Lugee a two year grace period for COVID 19.
LQMT is NADA, a shell of a company, and shareholders have NADA. Lugee Li is ashamed to set his arse on US Soil.
LQMT is the MASTER of STANDING STILL and sliding down the slippery slope of NON PERFORMANCE and BEING EATEN ALIVE by INFLATION.
Yep, the latest is that the new Twitter Platform is going to be built on a liquidmetal chassis. Thanks, Elon!
Here's a much better take on the situation:
Even the desperate "right around the corners" admit that they are not doing anything to support the stock by buying shares to offset the downside of the PPS.
If SUMPKIN were comin, the PPS would be SCREAMING, and TODAY.
We all see through the phony smoke and mirrors:
ALL TALK, NO WALK
Indeed, right out of the LQMT playbook:
Absolutely correct.
This is a fad only.
I remember when the clamshell design was the only way to go.
When's the last time you saw a teen ager sporting a clamshell
Further, it's the teenagers who set market trends, not the sentimental middleagers caught up in mid-life crises and old codgers. No matter how good the hinge is, the wear and tear on the screen is what is the determining factor of the final sales outcome.
Guess how many returns there have been already on the sales of these foldables.
And, just who do you think will be dumb enough to put out a warranty to a teenager of these foldables. And, who do you think is going to repair all of these foldables?
Amazon has its limitations on repairs you know. HA HA HA. It's no wonder that Apple hasn't been sucked down this rabbit hole.
Hinges are great, no question. But they are WAY AHEAD of the screen technology and resolution. Sorry, but hinged cell phones are a LOSER. Especially since VALENCIA CIRCLE doesn't make a PENNY off of these CE hinges.
Sometime, ask yourself why buttons and zippers are still popular with consumers. Maybe its because the WORK.
LMFAO
Finally, it is the user experience of using a quality cell phone that keeps on chugging and doesn't fatigue itself to death after a thousand cycles. Imagine buying a treadmill or a fan belt that can't last a decent lifetime. Repeat sales is one thing for the seller, but SUCCESSFUL repeatability is what matters to the consumer.
Ask yourself why buttons and zippers are still popular with consumers:
BECAISE THEY WORK.
"most likely" is the same as "not quite ever there".
Just sayin.
Appears to be a backpeddle from earlier claims.
"Apple is" is now "Apple most likely"
In the meantime, LQMT, the real subject of discussion, can't even hold onto a PPS of a dime.
A dime, in time, soon is nine.
it is obvious to Wall Street that confidence shows itself in buying,
Confidence is not desperately clinging onto too many shares.
Be wary of the slippery slope-rs.
Liquidmetal, is the answer to the clinger Lenore, via the RAVEN, "NEVERMORE"
LQMT has OD'd on viagra for 21 years, and the PPS has never gotten itself up.
LQMT is a baby that has gone over full term but still has never been delivered.Hasn't had the taste of milk. Time for new partners, starting with the elimination of current partners who have failed to produce.
In vitro is another option as well.
Most of us are in concurrence with yours and We the Markets thought processes.
This is because we process thought.
Others will never get there or arrive to this level of logic due to inherent gray matter limitations.
Appreciate your logic and factual dot connects.
A very pungent insight into how to read forward looking statements, AND
for the contrarians, HOW NOT TO READ them.
Bottom line:
We have exhausted more than 150 forward looking statements in the last 20 years.
One thing is clear, LQMT has flubbed the foresight
and, short of doing the honorable thing,
has flubbed the hindsight.
Foresight without hindsight is stupidity.
Lessons learned from the Masters of the House, from JK and JK to LL and TC.
There has yet to be any evidence that AAPL has any interest in folding hinged phones, which are a very small segment of the cell phone market.
AAPL itself has no patents on foldable hinges.
So, nothing but a big nothing burger here.
Joshua is not a credible source.
Looking forward to jumping back in around 6 cents. I think it's a safe bet without any trap doors.
Excellent my friend. This is so encouraging to a native of this region. This demonstrates that Foxconn is not working alone in the Mahoning Valley. So many subcontractors to Foxconn from Taiwan would not be jumping on the bandwagon if this new EV hub were not making substantial progress.
Even General Motors is re-investing in this valley with battery production plant.
The $8 was clearly stated to be predicated on the inking of the final Foxconn Ride agreement NLT than April 30.
What was misconstrued, my friend, was I said it might happen before April 30th.
Always put things in proper CONTEXT.
IRREGARDLESSLY Yours,
WATTS WATT
IMHO Highly recommend replacing losses from TC by putting money in Hightower.
Anybody highlighted in the Scarlet Letter by Hawthorne can't be all that bad.
ORIGINAL SHAREHOLDERS of Liquidmetal (Public Information, SEC Filings)
Today, less than ten of these remain shareholders. Why?
SCHEDULE C
List of persons and entities
subject to lock-up
Prakash M. Achrekar
Roanld A. and Rise N. Alpert
Seung Yong Back
Thomas B. and Debra H. Bain
Kenneth Barnett, Manager, Synapse Fund I, LLC
Christopher R. Bentley
Cornelia A. Bentley
James Mathew Bentley
Jill M. Bentley
Matthew A. Bentley
Theodore C. Bentley
Theordore C. and Katherine F. Bentley
Bentley Trust "C" - Theodore C. Bentley, Co Trustee,
Christopher R. Bentley, Co Trustee
James W. Bentley, for the Bentley Family 1995 Trust
Zeki Bilmen
Bruce C. Bird
Heidi Jane Smith Brousse
David M. Browne
Soo Buchanan
Jack Chitayat
Jay Chitnis
Om Chitnis
Shashank Chitnis
Shekhar Chitnis
S.R. Chitnis, Father of Minor - Kaunteya Chitnis S.R. Chitnis, Father of Minor - Santala Chitnis
Bae Ho Choi
Haein Choi-Yim
Yong Choo
Amrat S. Chowdhary
Richard M. Cocchiaru
Patricia E. Colmenares
Nick F. Colmenares, Sr.
Robert Dale Connor
Jin-Sung Cook
David Croopnick
Gerald A. Croopnick
David Croopnick Father of Jordan Croopnick Roseli and David Croopnick
Bruce and Shirley Crosswhite
Richard Dandlirer
C. Rees and Patricia S. Dean
Robert J.DiNunzio
Ronnie E. and Ann W. Duncan
David L. Dunkel
Marvin F. Essenhacner
Louise Ferguson
Joyce D. Flaschen and Robert J. Miller
Joyce D. Flaschen, Trustee Robert J. Miller
Lawrence Gilbert
Thomas Gregg
Laurence S. Grundy
Craig and Tami Harter
S. Gaye Hoeflich
Sung Jae Hong
Sung Taek Hong
Sungwoon Hong
Wonpyo Hong
Paul L. and Kimberly L. Huey
Hewey E. Jackson
Jean K. Jackson
Doo Jong Jin, Yeonwoo Industry Co., Ltd.
Martha M. Johnson
Melvin C. Johnson
William L. Johnson
James Kang
Jimmy Kang
John Kang
Katie Kang
Megan Kang
Tai H. Kang
Rex Keggem
Michael L. Keller
Andy Kerr
Makoto Kikuchi
Chang Duk Kim
Jack W. Kirkland, Jr.
F. Bruce and Barbara J. Lauer
Robert P. Learnard
Yong J. Lee (aka James Y. Lee)
Hanako Levy
Xianghong Lin
Cynthia C. Lome
Leon G. Lome
Angelina G. Lopez
Oewana Marilyn Lowe
Charles G. Luton
Ian J. and Shirley A. Chowdhary Macdonald
Richard MaGraw-Wells
Satoshi Matsumuro
Carol Matthews
Brian McDougall
Austin McGhie
Thad L. McNulty, Spirit Fund, Ltd., Trinity Fund, Ltd.
Uri Mermelstein
Lee Mi Sook
Arlene Mihaylo
Ilsoo Moon, Chairman, YIMI Limited
Makoto Morinaga
Bruce H. Murphy
Henry J. O'Keeffe
June O'Keeffe Schring
Roger Overby
Susan S. Paik
Paul E. Parish
Paul Jeffrey Parish
Paul Jeffrey Parish Parent & Guardian of Carey Parish
Paul Jeffrey Parish Parent & Guardian of Christopher Parish
Paul Jeffrey Parish Parent & Guardian of Dorothy Parish
Paul Jeffrey Parish Parent & Guardian of Sarah Parish
Pyung Yong Park
Jeong Seo Park, CEO & Chairman, Growell Metal Inc.
James D. Patterson
Atakan Peker
R.C. Phillips
John H. and Martha L. Pieper
Martha L. Pieper, Trustee Walter H. Lewis Generation Skipping Trust FBO Katherine P. White
Martha L. Pieper, Trustee Walter H. Lewis Generation Skipping Trust FBO Scott C. Pieper
Martha L. Pieper, Trustee, Walter H. Lewis Marital Trust
Dr. Franz M. Pucher, Director, Notara Anstalt
Daniel Rafferty
Steven C. Richards
Douglas and Kathleen Rothschild
Ricardo A. Salas
Ricardo A. Salas, VP Cook Street, LLC
Ricardo A. Salas, VP J. Holdsworth Capital Ltd
Ricardo A. Salas, VP, ATI Holdings, LLC
William G. and Cindy M. Sanders
David M. Scruggs
Linda J. Scruggs
Ha Yun Song
Gary Starkman
John D. Stout f/b/o Andalusian Partners, LLC
R. Stewart, RKCS, Ltd
Dean Tanella
Dean Tanella, Managing Member of Safe Harbor Fund I, LP
Henri Tchen, Manager, Synapse Fund II, LLC
Duane Teller
Mustafa Emre Tengunie
Michael A. Tenhover
The Geneva Trust
Peter Henry Thomson-Smith
John K. and Shirley A. Thorne, Co-Trustees of Thorne Family Trust Ty Trayner
Eddy Valdespino
Neil Ward
David E. Ward, Jr.
Carolyn G. Wheeler
Jereld K. Wheeler
Thomas L. Wheeler III
Kenneth C. Whitten
Richard A. Wilson, III
Richard A. Wilson, III, Trustee of Joshua Tai Kang Irrevocable Trust
Richard A. Wilson, III, Trustee of Samuel Ho Kang Irrevocable Trust
Winvest Venture Partners, Inc.
Richmond Wolf
Thomas Yuen Family Trust
Connie Yuen
Jennifer Yuen
John M. Zabsky
Ehrich R.A. and Cornelia Zappey
Hardly a follow, for sure.
However, RIDE now has a very secure future, as will be revealed next week.
Stats from Schwab:
Market Capitalization
(Micro Cap)
$102.7M
Enterprise Value $81.0M (on a good day)
Shares Outstanding 917.3M (The real McCoy), not 500 as so many like to tout
Shares Held By Institutions 0% Ha, Ha Ha, Ha for serious investors
Short Interest (as of --) -- Ho, Ho, Ho, Ho for penny ho's
LQMT Management rocks to:
Actually, Valencia fell from 22.5 to a nickel...and diluted the hell out of the stock.
So what is the point?
Answer: NO POINT AT ALL.
Hightower: Winner and Mover and Doer.
TC: Whiner, Loser, Pathetic Master of standing still.
Live and learn, padre.
Fact: The golf agreement is bullsheet. Inoue can make his own agreement without LQMT.
Fact: The 10K does not express that LQMT is working with AAPL in CE. LQMT does not have anyone competent enough to work with AAPL, not to mention competent enough to even qualify to call AAPL on the telephone. LMAO.
Nothing in the 10K alludes to, hints at, or expressly states such an inferance. Best to read WHAT IS, and not make believe that which is NOT.
Again 17199 shares at a ten cent PPS says such an inferrance is totally out of line with reality.
No such Macb deal. Nothing has been published here or in China to even suggest that bull.
New agreements with YiHao don't mean bull roar.
Only sales, production and delivery and revenues to LQMT Valencia matter.
Short of that, none of the four listed are FACTUAL.
It is true that they are all FICTIONAL.