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<In OUR proxy, shareholders are entitled to see a listing of shareholders within ten days prior to ASHM, but they have to go to the Liquidmetal headquarters in Rancho Santa Marguerita.
TIGERPAC......Based upon you information, what may I expect to glean from this information.......> Not much because it they tell you how many shares,when it was purchased or at what price.
solely, a list of banks and brokers,
or significant insight into shareholdings of insiders, 5% plus shareholders,..........anything else?
<You are saying I will not see my name, since I hold in street and am under 5% holder. Right?> Right
<Please clarify what detail I may see when I go to LQMT headquarters.> You will just see names of brokerage houses.
<Also, since you are an "expert" in this area, other posters have asked how they may change their vote prior to ASHM. Do you know if this is possible?>
You’ll be able to submit or change your vote by the cut-off or meeting date. If you mailed in your proxy vote, another proxy card or VIF will be needed to make any changes. To change an online or phoned in proxy vote, just follow the instructions again. I think you'll need the control number on the proxy. If you threw it away it might be a problem. Then you'll have to call the company. BTW, I'm no expert either.
http://novelinvestor.com/investing-basics/complete-shareholder-proxy-vote-guide/
I think you are misunderstanding what Shareholder of Record means.
We are not talking about individuals here (in most cases). A brokerage house with 1000 customers who own LQMT would count as 1 shareholder of record.
http://www.shareholdercoalition.com/stockpurchase.html
I think the correct name is Beach City Entertainment, not Beat City.
http://www.corporationwiki.com/Florida/Indian-Rocks-Beach/beach-city-entertainment-llc/103710242.aspx
My last non-Valcom post regarding VV.
Watts,
I expected a little more out of you. I have added to the conversation yet your emotions seem to get the best of you sometimes. I'm not sure how many times you need to get hit over the head by the company to realize IMO that there is very little long term value for the stock. The only play that I see here is trading on hopes for success, always knowing that the stock is going to fall back, so it can be traded in a range.
As you can tell my speculation is different than your speculation. Will I make as much money as you? Maybe, maybe not. But at least I will be able to sleep better at night, not knowing what piece of puzzle decides to unlodge itself and throw a monkey wrench into things.
Perhaps we'll meet at the shareholders meeting, perhaps not.
TP
A lot of high paid employees with no discernable revenue coming in.
You can't lose sight of the fact that this is just a trading stock.
Let's assume that Apple announces something involving LQMT this week at WWDC. You have all seen the lead times that are necessary for companies to incorporate the LQMT alloy into their product. At least six months?
LQMT should trade like a small biotech stock where the outcome of particular product takes time to predict and you won't know that it will work until all the tests are in.
Since Apple has the entire consumer electronic business tied up, any new interest in the alloy will take 6-12 months before the first significant revenue MAY show up. Expenses will continue though for that period so cash will be used up.
IMO, LQMT should just adopt the licensing model for other industries as it did for Apple. It would be alot cleaner operationally wise for them. It would also raise necessary cash for them.
The stock will trade higher on positive news releases and then fall back down. It's not rocket science here.
TP
With all due respect oracle and watts, the shareholders will be the last to know who gets paid in stock. If the choice was to not get paid and continue to have your A/R dragged out or to get paid in stock at current prices, then most vendors would choose the latter. Some would chance it and try to sell for a higher price. Some would sell it right away and take the penny spread loss. Especially if you were considering turning the debt over collections and only receiving 50%.
For you to imply below that LQMT is either a Fortune 1000 or Nasdaq 1000 stock is equally laughable.
<because a Fortune 1000 or Nas 1000 won't pay their "vendors" in stock and if it's any other small business, those vendors certainly will not take stock for CASH>
Stop looking at this situation as a shareholder and look at from a business perspective, especially if it was a distraction for the business owner.
As oracle said in a previous post, not all information that is dug up in DD needs to be shared on a message board. Thats the rules of playing in the stock market where money is involved.
I'm not going to get any more specific with that information. Hopefully you can live with that. If you can't, then you can't.
In regards to your statement below I think you misunderstood or at least wronging infered that I was speaking about these prototypal customers. These are (potential) customers, not vendors.
<Why do you suggest that the 3 prototypal customers will not pay LQMT in cash>
Visser is a vendor (not including the now obvious equity position), not a customer. He'll get his cash for product. However, if there is no cash to meet his interest payments then he'll get a boat load of stock in lieu of cash (debt for equity).
IMO, I think you might need to do a little more research about those vendors who are getting paid with stock.
The big vendors who you REALLY, REALLY need get paid in cash. Those vendors who you convince to give you credit, then don't pay for 120 days are the ones who are getting the offers of payment in stock. Same goes for consultants.
You'll need revenues too.
A $1 stock price implies a market cap of $142 million. Now for a company that had revenue of less than $200K last quarter, it's very unlikely that you'll see $1.
The money that the company has in the bank right now will go to paying it's employees and maybe a few of it's most important vendors plus the landlord. I would hazard a guess that stock is being offered to some vendors in lieu of payment. Management gets to keep collecting a paycheck.
<This now has everything it needs to get the stock price to a dollar...except a formal announcement of a PAYING customer.>
The company has sold it soul to the devil in order to stay in existence. Now I don't mean that Visser is the bad guy....he's just the guy who wound up cornering them. LQMT will continue to issue him shares for as long as they possibly can, especially if they can't pay him on his terms. Death spiral financing is a perfect name for what's going on IMO.
You guys are going to have to separate your love (or hate) for the company versus what the stock does. Your emotions are pulling you away from whay I think is going on here.
As I mentioned last month, the stock trades higher only when the Apple iPhone rumor gets picked by another organized stock promoter who brings in another couple hundred new investors with starry eyes and a complete misunderstanding of the LQMT/Apple relationship. Each promotion of last year has given traders the opportunity to make a significant % return. The problem is that some traders believe in the story and get greedy and try for higher returns. The stock sells off and then they become longer term holders.
You will get several more rallies/sell offs based around any iPhone/iPad introduction. Expect more stock promotions to be run on this stock. At some point though the fascination wears off as the "cry wolf" speculation around the iPhone wears off. Trade based upon every newbie stock invester thinking that LQMT is going to make a bundle off of any invention Apple comes up with (and the hoopla that goes with it), while you, the seasoned investor in LQMT, simply knows that is not the case.
The technology has been around for awhile and been marketed and failed in almost every industry. Yes I bought the golf clubs, tennis rackets, skis, etc...they didn't help performance...maybe psychologically they helped for a short time, but all new purchases have some sort of built in new found confidence.
Remember, it's ok to fall in love with the company but don't fall in love with the stock.
TP
I've heard rumblings of promo too where the company is paying some dude $500 to do a piece.
The filing did say 300 million shares, HOWEVER Ironridge specified the number of shares they owned and listed their ownership % as 4.99% which is how the 315+ million number was arrived at.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8219173
The problem I have with the whole investment made by Visser and his related party companies is the price that LQMT used for the stock and warrants. To me, it smells like the back-dated options mess that rocked the stock market several years ago. LQMT and Visser decide that the price to be used is the date that Visser first "proposed" the deal, not the date they closed the deal, nor even the preceding 30 days avg price. It reeks of arbitrary self dealing. The company caving into an investor because it so desparately needs the money.
Glad LQMT got the money but it came at the expense of every other shareholder.
While the link within this attached link is broken it shows you that something is brewing behind the scenes which may or may not involve the company (just it's stock).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76361829
Looks like someone is trying to slap the ask....usually ( but not always) a precursor to a ton of volume coming in.....guess we will have to wait and see.
It's too early to tell how Dr. Kautzmann is going to run this company. Maybe after he explains his business plan and some results are filed will you get that warm, fuzzy feeling.
<Dr. Kautzmann is going to run this company ethically and with the primary goal in mind of creating shareholder value.>
Keeps looking like the market makers drop the bids to .0046 when they need to scare up some shares. Then the bring the bid back up over .005 ...tough way to make a living.
Then I guess I will meet some of you there.
Once again is it Mason TX or Mason OH?
Yes and no.
<What about you? Same question back.>
Why does some of the addresses on DreamMasters first link say Mason TX rather than Mason OH?
The zip code listed for Mason TX is actually the OH zip. Did DreamMaster type the wrong state or did he copy and paste it from somewhere?
Apparently it does matter to you or else you wouldn't continue to bring it up.
<I will continue to assume the possibility that you are one of the same, or at a minimum in contact with Mr. SDW. Whatever, doesn't matter to me overly>
I've made no secret that the Yahoo board posts are mine. As for the sign off, you can probably find thousands of posters that use that phrase at any time.
TP
I'll correct myself by saying the the lock up dates are indeed mentioned in the 8-K.
You have no idea how he intends to run the business so you can't conclude whether that is a positive or negative sign.
<which is a positive sign that Kautzmann intends to run this business honestly>
The NEWS being the Amended Statements of Ownership and all the 8-K's.
The company hasn't released news since November 2011. We all know that.
It seems you agree that there is a good chance of a reverse split. You'll find out after that fact that there will have been reverse merger in order to get Frank's other business interests integrated into this "new" company, IMO.
I've never visited Raging Bull so you have me confused with someone else. Sorry to burst your conspiracy bubble.
Do you post on any other stocks besides ANTS on iHub or do you have a different screen name for each stock?
Liquidmetal employees filing out of building in mass (all 10 cars). Another long day for them...lol .
If you guys need someone to ask questions, I'll be at the 6/28 annual shareholders meeting. Just provide me a list of questions. It might be easier for someone to compile one list instead of bombarding me with individual ones. I'm sure I'll be the only private investor there.
TP
Until I see those statements in a 10-Q or some other type of SEC filing, I wouldn't put all your eggs in one basket with that statement. I've heard many things said in conference calls only to find that there was additional information including in the SEC filing.
Personally I think Visser is providing the "death spiral financing" because the Liquidmetal cannot get a loan anywhere else.
<Visser Precision Cast wouldn't put up that money and take shares with a 4 year lock up to loss that money. Lqmt is back on the buy list and if someone can tell me were a penny stock got funding with such a quality company with that kind of lock up period????..>
The news lately has all the inklings of a reverse merger and I think the odds are pretty good that you'll see a 1:100 or higher reverse split by the end of this year.
Just my opinion.
Ain't that the truth.
Out with the old, in with the, well, the same guy who has all the new positions.
Might be good to lock in some pennies until the next 8-K or other filing comes out.
Bring in the new speculators with information that has already be dissected ad naseum by the old speculators....allows those who got in at .21 -.30 to get out.
Mgmt is finally waking up to how to play the penny stock game IMO.
Wink, wink....as long as someone doesn't accuse me of being someone else....
<Be nice to know who's nibbling>
This was the previous address Ants used in the SF area:
71 Stevenson Street
Suite 400
San Francisco, CA 94110
United States
A company named DHL Systems previously occupied the Burlingame, CA address. It looks like they were an advertising company. It's not the air freight company.
Since you were trying to sell for as much as possible and buy for as cheap as possible it was no wonder that nothing got filled today.
If you had moved either one of those orders into the mid-point of the bid/ask you probably would have seen some action.
MM's have to make money too!
Please correct me if I'm wrong here.....
===============================================================
Tim Harrington, CEO of ValCom, stated "Now that we have completed the transfer of the library to New Jersey we are in the process of organizing and consolidating the inventory as well as identifying all movies, audio and television series master tapes that need to be digitized for marketing and monetizing."
================================================================
Remember this was the financing that was originally announced...
"The Company incorporated a wholly-owned subsidiary on May 31, 2011 named Five Platters, Inc. (“Platters”) in the state of Nevada. Platters mission is to digitize the audio and film library owned by the Company and to license the rights of the library content. In a financing agreement by and among the Company and Platters, and Tri-Partners, LLC, a New Jersey limited liability company, Tri-Partners agreed to provide a $600,000 loan to Platters to fund the facilitation of the transfer of the audio library to digital media along with other related uses, provided that the Company guarantees repayment of the loan proceeds. The loan bears interest of 0.46% per annum and is due on or before June 19, 2013. The loan amounts are to be provided in three $200,000 tranches; the first tranche occurring upon signature of the agreement with the second tranche to be provided September 11, 2011, and the final on January 1, 2012. "
=================================================================
Patrick Willemsen, Chairman of the Board commented, "While there are many endeavors that need to be undertaken over the coming months to turn this company around, we are focused on implementing actions which will lead us towards regulatory and financial compliance. To assist with this, TRI-PARTNERS LLC has committed to the additional financing contemplated under their June 2011 agreement with ValCom; that financing is now back on track. We intend to keep shareholders advised of any significant material developments and achievements as we move forward
=================================================================
Let's also not forget this part of the agreement:
In conjunction with the loan from Tri-Partners, a commission agreement was also executed on June 10, 2011 with Tri-Partners. Platters agreed to provide a 25% commission on licensing rights’ net revenue of the film and audio library. In addition, if the Library is sold in its entirety, either as the individual entity, Five Platters, Inc., or included as a part of the sale of ValCom, Inc., Tri-Partners, LLC will receive a commission of 7.5% of either the net sale price or the recognized value as part of the sale of ValCom, Inc.
=================================================================
I'm going to take a WAG that Harrington will name himself CFO and the accounting firm will be one that already does business with the ABEX group of companies.
=================================================================
Mr. Harrington continued, "We are also in the process of interviewing potential accounting personnel and finance officers and expect to make a decision as to a new CFO in the coming weeks. In addition, we have been interviewing accounting firms to identify the appropriate professionals to assist with auditing ValCom's financial statements. We recognize the importance of having this addressed promptly and efficiently."
It appears that the shoe is on the other foot now.
I am giving Manning et al far more than one month to turn things around before i start ranking on them. Vince had 15 years to screw things up. It just took Manning et al a few moonths to realize how one guy was alledgedly trying to screw them out of
hundreds of thousands of dollars and they had they means and the money and the knowhow to fight him unlike many parties before.
Let see...Vince didn't release any financials for almost a year. Why the double standard here Pac?
Most of the PR's that VV did release turned out not to be anything more than words printed on paper.
<Why hasn't the New Management team released any Reports? Two Months now and Nothing?>
Why don't you tell us what is in Vince's lawsuit? I'm sure that he has shared that with you. Maybe you can take a picture of you holding the lawsuit in front of the diner where Vince paid for your lunch.
<A Lawsuit for that amount should be a "MATERIAL EVENT" >
No one has ever mentioned an "amount". So exactly how would you know what amount is material or not....unless you know how much the amount is...which indicates that you have either spoken with VV or have seen the paperwork.
That's why I can't rely on your spin of things.
TP
What is ur point?
Let's recap. Vince didn't file financials since the Q ending 3/31/11. Manning et al took over 4/26/12. Three weeks later and now Pac is moaning that no financials have been filed by Manning et al. Need I remind you that all financial information was based solely on VV's representations to the auditors. The auditor took VV at his word but did no actual audit because he wasn't paid to do an audit. He was paid to put together financials and release numbers, no matter if they were real or not.
So if VV is no longer providing information to Manning et al, one can reasonably assume that it is going to take some time to go thru numbers and words that have been reported, verify that it is true, and then also go thru what has not been reported. Yes, IMO I think there will be many skeletons that fall out of VV's closet.
<Oh and gee They haven't filed ANY Financials either. Thats what everyone was harping on VINCE about.>
Pot...kettle...black...
How long did it take you to come clean about your association with VV and Valcom?
<Its not about others reputation here. What is important is the transparency here>