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The swindle is that Eontec et. al. is going to take investors money and not give anything back. Those investors will have little recourse when Li's forecasts are not met. A bond issue, private equity investment, or a bank loan all would have the ability to hold Li to task if expectations were not met. History shows the motives of Lugeee Li CEO: examples include lack of confrence calls, advoidance of questions by investors, or the common courtesy of answering a ringing telephone.
Even crazy Elon Musk does not boast in quantitative terms about increases in Tesla value.
I know it's hard to disbelieve LQMT when you have bitten hard and spent a lot of money buying shares. More than anything you'd like for this dream to come true. You deserve the reward; it's your turn.
But the reality is for years LQMT has had no credible sales or income. For years LQMT has had poor marketing. For years LQMT has had questionable management. So there is plenty of proof that at this point in time, LQMT is a scam/swindle/fraud. It's not hard to believe that LQMT's big brother Eontec is cut from the same cloth.
Every other publicly held corporation desperate for cash that could not get the $$$ from some more traditional sources (a bank loan or a bond issue) would just begin handing out a high dividend.
Li's announcement is just part of a swindle. Don't fall for it.
Get a Tesla Roadster. Blazing power and whisper quiet.
Todays new Tesla software upgrade enabling Tesla vehicles to make farting noises is hilarious.
Definitely a positive if I were in the market to buy a car....but hey, that's just me.
A shipment of deposit slips???
(fingers crossed)
So much for “corroboration”.
“... to that note; however, and I wonder often, why neither of these firms made any larger investments into LQMT.
- and/or they did try but Lugee tried harder and bigger, who knows. ”
You can gloss over Engle/Materion all you want to but the fact remains Engle gave LQMT a prime, grade A door opening and LQMT refused to walk through it. Whether it was the introduction to the “large European automotive manufacturer”, the symposium introducing LQMT to all those people in Frankfurt, or —get this! Engle took one of their machines brought it to the symposium, plugged the stupid thing in, and then made demonstration quality parts. LQMT has yet to do that even in the building they call home.
Materion educates their sales force and gave LQMT LM105 free and easy marketing to presumably some industrial heavyweights.
Capitalizing on these opportunities would have been as easy as picking up the phone.
LQMT and the the events of Pearl Harbor both have the common element of extremely poor top management.
Another fact: LQMT doesn't answer the phone.
...the number one problem in getting this company off the ground has been lack of mass global manufacturing ability.
A show of hands please: How many here believe that this has been THE problem with LQMT.
I'm guessing that most of the investors here originally bought into this stock because they thought LQMT was inherently good in and of itself.
They thought the golf ball went further, the pinball bounced higher, a knife remained sharp longer than a razor blade kept inside a pyramid, the material could be molded to closer tolerances, it was impervious to corrosion, and products were as simple to make as dropping in a cylinder of LM105 at one end of a Green Mystery Machine and at the other off rolled your new parts on that white conveyor belt. That modern technology had found a new material that is somehow metallic and glass but stronger than titanium; this was a ground floor opportunity for just pennies a share.
But now you are saying we need collaboration??? What LQMT needs is partnership in this unknown web of foreign companies that their names I can't pronounce because they have way too many vowels. The reason LQMT has not really sold a damn thing for nearly two decades is because they weren't in bed with right companies? And in the past LQMT has had poor leadership. What will make them successful is a professor. A businessman. An inventor. An industrialist. A Thomas Edison....but nobody has ever heard of him except for those here on iHop.
Collaboration to become successful.....this is a new color of unicorn....I don't know what ya' call it.
The writing is in the MAZE
"To the extent that the Company shall have any parent company, subsidiaries, affiliated corporations, partnerships, or joint ventures (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and to promote and protect their respective interests to the same extent as the interests of the Company without additional compensation."
This recent public admission that the management of LQMT (by contract) works for the Lugee Maze rather than being solely focused on the well being of Liquidmetal Lake Forest is probably in violation of some SEC laws, no?
Think of it this way, management is now charged with the well being of a group of companies that we investors have no control over or perhaps even knowledge of. We investors are simply liable for their managements salaries and benefits.
We can all agree that this is a huge conflict of interest, can't we???
<raises hand> And, I'd like to know why the price is not much lower. As in.... fraction of a penny.
I think they are paying these guy good money so that they don't have to pay us---as in ever.
I didn't mean to be harsh, but imagine if the price of LQMT was $5 today......nobody (with the exception of a couple of unnamed posters here) would buy it.
There is NO Way LQMT will do a reverse split at this point in time because the cheapness of shares is all the company has going for it.
Consider this hypothetical: a pink sheet listed company, there are no sales, there is very limited communication, any news is vague at best, the production facility does not have electricity to operate it's machines, and nobody answers the phone......the share price is $5.....Who would buy in????
Nobody!
IMO, the share price of LQMT is extremely high today and should be much, much lower.
Yeah, I don’t understand that if a widget is manufactured by an Eon JV, shipped by a Eon JV, the sale is recorded on the books of an Eon JV, produced using a Eon designed machine, and using a BMG recipe that has the Eontec name on it.....why does that mean that dollars flow to LQMT?
If you are going to say LQMT will receive revenue because they did some science, improved the system, or worked hard on getting a near perfect widget to appear at the end of a Eon JV conveyor belt; then what would compel Eontec management to allow LQMT a share of those dollars if those dollars are going to have to be suddenly shared by LQMT HK and all of us existing shareholders?
I don’t see LQMT receiving any revenue nor credit for their hard work.
I vote we have our own "surprise" shareholders meeting!
'Ya know, on some future Tuesday, out of the clear blue sky, without any warning...
Let's meet here:
Liquidmetal Technologies Limited
Tai Tung Building #906
8 Fleming Rd
Wan Chai, Hong Kong
I think I'll suggest to help the professor with his homework--from his other "home" 'cause it needs a lot of work.
Time to begin another ludicrous thread.
Oh, oh, oh.....that's my cue to post something!
Here's something I see several times a day: Automotive pressure sensors are going to be a $9,360,000,000 market in a year and a couple months.
We all know that good ol' LQMT has been courting that "large European automotive manufacturer" for what, 3 years now? Thanks for the hook up Engle! LQMT is just the material to make pressure sensors last a lifetime; and what manufacture doesn't want the automobiles they make to last a lifetime?
Shhh......Professor Dragon Feet better stop by Staples on his way to work Monday morning and have them print up more deposit slips 'cause I doubt that LQMT's share of that 9.36 billion is gonna come in just one check.
And on a related note; isn't Project Titian supposed to begin roll out in 2020? As the posters here viewed that top secret Apple video of that prototype car made in that super secret 1,500 sq ft Apple rental property located in some CA suburban industrial park, the whole damn thing was to made of LQMT wasn't it? And thus the reason there is that old picture of Li dressed in a lab coat proudly holding up that sheet of BMG.
To The Moon!
<sarcasm intended>
I think you are eluding to in the event LQMT closes it's doors Apple can swoop in and pick up what ever remaining assets they want.
Maybe even the LF building and the worthless overhead crane.
Which seems more plausible?
Eontec et. al. use LF as a research and development facility to the point where the owners of HK Liquidmetal don't believe there is any more knowledge to learn from the experienced scientists there. At that point the ruse of LQMT the publicly traded company is no longer necessary and the puppet management is let go. Likely under the guise that LQMT just plain did not make any money for X amount of years so they gotta go BK. They shut the doors and sell the green mystery machines for a low price to one of those companies on Joshua's Venn diagram of Li's twisted birds nest of businesses. The LM105 recipe and all the working knowledge of BMG's will be exactly where the owners of HK Liquidmetal want into be-- in Hong Kong. The SEC will ignore any grievance from us shareholders; it is a pink sheet stock that sold for under a dollar for how many years? And who got hurt? A small amount of bottom feeders who thought they could get rich quick?
Or....
LQMT signs a multi bazillion dollar contract with a Fortune 500 company to create a whatever widget and goes from small business to 100's of employees overnight. This happens flawlessly and as fast as the whatever widgets can drop off those white conveyor belts.
Sorry guys, based on the behavior we've seen the last two years, I gotta believe that LQMT days are numbered that when once LF's total knowledge of BMG's is learned; some crumby excuse will be brought up why it can no longer continue. That excuse will be bankruptcy.
Hanging Man??? Looking closer I'm seeing a middle finger pattern.
The price apexed at .46-.47
It stayed at exactly half that at .23 for a while forming the second knuckle
Now it's been at .17 (which is nearly 1/3) for a while forming forming the 3rd knuckle
My chart predicts that the side of the palm will show when the price reaches $0.00 (right soon after LQMT declares bankruptcy).
Bankruptcy not because they still don't have residual owners equity from the HK Liquidmetal investment; but rather, the zero value HK Liquidmetal wants to show so that they can completely shut out any remaining shareholders. Looking at my chart, LQMT going BK could happen at any time now.
Why bother to vote your proxy????
What part of Hong Kong Liquidmetal is the majority shareholder don't posters/readers here understand?
What part of Hong Kong Liquidmetal is obviously very happy with status of LQMT for the past two years don't you get? Otherwise LQMT would not have continually behaved the way it has for so long.
Not only does Hong Kong Liquidmetal not care about other shareholders; they own so many shares your little pipsqueak voting defiance will mean absolutely nothing.
I'm guessing those that bother to vote negatively on their proxy are also of the mindset that Hong Kong Liquidmetal might at some point want to share profits them......Yeah Right!.....haven't you realize you've been ghosted yet???
Thanks for posting Eagle.
Refreshing and grounding; it's like seeing an old friend.
Whew! I was really worried about LQMT....
I just read the headline DOW Sinks 831 Points
I thought' "Gheesh, there goes my LQMT investment"
Then I continued to read Tech Companies Lead The Plunge
Oh thank goodness it's the tech companies; that means LQMT is unaffected!
Close call........
Production Facility???? Lake Forest????
Ummm....
They don't have a loading dock.
The warehouse area has large overhead cranes which of no value what-so-ever to Green Mystery Machines that can make objects no larger than a cell phone.
Guests were not permitted to enter the production area during the open house so that the visitors would not realize that not one single machine was operable and had no electricity to run on.
The very first thing that was done to LF was to remodel the office space and make it pretty. The clear objective was that the office space had far greater priority than any actual manufacturing of anything.
Lake Forest, CA is is in no way the type of community that will permit the type of noise, operating hours, truck traffic, and odors coming from an industrial metallurgical manufacturing plant. Lake Forest's location offers no unique benefit to the manufacturing of BMG's ( it does not have rail service, it's not close to an important country wide expressway, it is not near where the source materials of LM105 ar located, etc) No; it is only a upper class, white collar suburb where the the LQMT management lives nearby.
On top of all that....certainly, at a minimum; if any production were going on in LF in this economy, or with some of the imaginary business partners that are floated on this board on a daily basis ( Apple, Tesla et. al.) Somebody here would notice the job listings that would be posted. So.....LF has not even been looking for a new forklift driver, part time/ second shift Green Mystery Machine operator, or even a receptionist to answer the damn telephone.
LQMT is a big scam. LF is just one of many red flags.
Dude; they don't even answer the phone.....your asking about research and development?
BUUUHAHAHA!
Awesome response PG1!
The crown is made of LQMT....
NO WAIT! It's needle thingy that is going to be imbedded into your skin every time you wear your iWatch to monitor your blood sugar....
NO! The $10,000 18k special edition is made of LQMT, Gamessc showed us the patent for the case a few years ago.....
UMMM NO! Games showed us patents were applied for just the clasp, that buckle thingy...100%LQMT
NO, NO, NO those were the patents for sealing the sapphire crystal to a LQMT case making it 1,000% impenetrable; surviving a nuclear holocaust...
AHHH...PayMe sez the movement could only be made of LQMT so that it is 5G compatible and won't interfere with magnetic charging....
So ummm yeah! The crown is made of LQMT, and probably manufactured by Foxconn in a secret plant in China with that one Green Mystery Machine that was sold but is still unaccounted for....
Yes this is a very strange picture considering any other recent picture has Li looking like a Bond villain--dressed very impeccably modern, large conference tables in large rooms, many indistinguishable associates.
Somehow the "surprise face", the less-than-pressed shirt he is wearing, the el cheapo Eontech tradeshow backdrop, and the display of products looking like a 3 card Monty scam rather than a serious, 21st century new material he is trying to sell....I see nothing but red flags.
Add in, the picture is taken at an unknown date, at an unknown location and the original poster not revealing how he/she came across it.
Yeah there is an Apple pencil box on the table too. I think that is there for the exact reason that so many here bit so hard at it: Li is merely displaying something to say "here is an existing product I think that you could easily see us using our material to manufacture" An existing product made by a 1 Trillion dollar company.
FYI--
I too took Eagles lead and made phone calls to LQMT yesterday at 2:00 Pacific.
Numerous calls...
I tried every offered possibility my call could have been directed...
Sales, investor relations, accounting, the operator...
NOT ONE SINGLE PERSON ANSWERED THE PHONE. :0(
Electrical requirements are a big focus of every commercial real estate transaction.
Who ever realtor worked on behalf of LQMT with 100% certainty covered this before he/she showed properties, discussed it while they were at how ever many potential properties, it most certainly was discussed just before an offer was tendered, and finally, discussed at the closing.
Shame on LQMT for not not caring.
Shame on any investor in their mind willing to pass this off as "just a hurdle"; it's complete disregard for a core part of LQMT as a manufacturer.
Then again, maybe it's a question of management values; 'cause I'm sure the paychecks have run every Friday since LF was purchased.
For those who have recently chosen to dismount their unicorn and now feel unclear about the future of LQMT I have this to say:
LQMT is progressing EXACTLY the way Professor Dragon Feet wants it to. And; because there is no visible indication otherwise, Professor Dragon Feet and the owners of Hong Kong Liquidmetal must be quite happy with LQMT on August 29, 2018. Going forward, I don't think we are going to see any changes.
For those that are thinking they could ride on the coat tails of Lugee Li to become a multi-multi millionaire for they low buy-in price of under fifty cents a share...the total ghosting/ignore list/ otherwise disdain for existing shareholders....should have been the only red flag you needed to see and know that the future of LQMT has nothing to do with your considerations.
If you are wondering how could Lugee have said straight faced that LQMT would be profitable by a 75th birthday? Take a look at the life expectancy in China and I think you'll know exactly what he was thinking.
You wondering about the deadwood and their high salaries and lack of any results? It's hush money. Why did Tony Chung get promoted to the board and was allowed to divest his shares???? Well gee, he's the comptroller and knows the real financial inside story. When he starts to look cross at LQMT, call him in, give him a promotion with a big salary increase and keep him quiet. <red flag alert> Lugee felt no shame that his comptroller was bailing on his shares and that existing shareholders would find out easily; if they cared enough to look.
Finally, how's that .60 Poll looking???
Based on todays price, Comptroller Chung has some $17,000 interest in LQMT; which is likely a lot lighter than many posters here.
I'm sure if LQMT makes some performance benchmarks the BoD will award him some more shares--for free.
But I'm sure his $200,000 plus a year salary and bennies are his true interest in LQMT.
LQMT has had plenty of substantial sales the past 3years......sales of shares of stock.
Thanks for playing!
Professor Dragon Feet <signature>
Back up the truck to the LQMT loading dock and load up now Eag's!
Sell your belongings, mortgage your house, beg, borrow, ....anything but steal; buy in now, the price of LQMT will never be lower!
This new invention of a LQMT screen at the bottom of a future iPhone is just the type of product that is going to bring LQMT to the forefront of being an industry leader.
Dow Jones here we come!
The idea or innuendo that LQMT and/or Crucible patents are promising, positive, or even indication of what direction LQMT is headed is conpletly WRONG.
Fact is, LQMT management over the years has chosen not to act upon any of them. LQMT has squandered away the exclusivity that makes patents valuable. Even the more recent patent awards, once you allow for some time to market; narrow the window of exclusivity to a such short period of time that even they are largely worthless.
History shows that anyone who makes a connection between patents and LQMT prosperity is barking up the wrong tree.
The fraud occurs when board of directors does absolutely nothing in the shareholders interest. When the CEO ignores shareholders. When there is layer upon layer of deadwood is hired as management. When nobody can point to any evidence of what was sold in any particular quarter.
But perhaps most of all, and this goes well beyond a dislike for style; when you come to realize that LQMT is not a active business attempting to sell a product, but rather, just an elaborate business plan to sell shares of stock.
A show of hands, have you finally come around to realize LQMT is big scam???
Since the part of the guitar string between the bridge and it's termination at the bridge pin does not vibrate, how could a bridge pin made of any material influence the sound???
Due to the common knowledge that our stock price has been held up artificially high for about the past year and it's current downward slide-- I think it's safe to say that Professor Dragon Feet has chosen to end the contract with what ever trading outfit and we will see a realistic price in the next 30 days.
That price will be equal to or lesser than the historic low.