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We should all be hoping Tom Steipp comes back! He was great for the company and us shareholders.
And at $800,000 a year we can afford him.
BRING BACK STEIPP! BRING BACK STEIPP!
Guess you missed the HE-BOUGHT-THEM-WITH-HIS-OWN-MONEY misconception that a lot of people have around here.
My post was proving that Lugee Li did not write a personal check for his LQMT investment and looking at the notes of the Eontec CC; there is obvious Eontec money as at least part of the $64M.
Still feel strongly that you can by shares at .25 and somehow become a millionaire???
If Lugee Li paid $64 million OF-HIS-OWN-MONEY for LQMT (like so many here believe); why on earth during a Eontech CC would a large investor even assimilate Eontech and a private offshore investment Professor Li made of his own money?????
It couldn't possibly be that there was some Eontech money as a part of that $64 million and that large Eontech investor is concerned how that will all play out?
And...
Why does Eontec have public CCs and it is unimportant or necessary for LQMT to have them? You'd think that a straight forward, no BS'n man with the business acumen of Luggee Li would see the value in those CCs. Would feel it is a part of his job to answer to shareholders at least quarterly. And would want to boast about accomplishments achieved over the past 3 months by the hard working organization. You'd think that a man of letters who studied for years would not fear a common business practice of conversation with the ownership of the firm.
It couldn't possibly be that Lugee Li does't want to be inconvenienced by having to answer for the ongoings of LQMT?
And...
If #6 is true; then i guess we all know what will happen in the future to LQMT; don't we?
If LQMT gets to the point it will not be a drag on Eontec earnings, it will be absorbed into Eontec.
Going out on a limb here....I'm guessing Eontec will manipulate it so they do not pay a high price. Just a guess.
So there will never be a Dollarland.
No, there was one prediction that nobody wanted to become a fact.
Not so very long ago, maybe 5 years; Apple was rumored to be coming out with a television set with never before seen resolution and a revolutionary remote.
Co-incidentally at that same Crucible Entertainment came out with some patents for bonding LQMT to glass or sapphire or something similar and some other patents using BMG as the body for the remote control.
Of course this board bit hard into that one, thinking that a whole bezel of a future Apple television would be made of LQMT. How many millions would be made and how great it would be to have a television set that would bounce higher compared to a steel television set with a remote that would never tarnish--blah, blah, blah
My question: is there anyone still left here who bought shares based on that rumored outstanding Apple television????
"Seems like LQMT just cannot get past the resume stage with many of its clients. I wonder why? Is it the spelling or the product?"
I think you'll find your answer with Connexions, the company hat was going to revolutionize tendon repair using LQMT. That promise and optimism just sort of faded away. Funny, ConMed has the same exact story line, just a different product. Or the "large European manufacturer of automotive pressure sensors". Or NASA. Or so many other names that have been thrown around.
I think the answer lies with all the Crucible patents and research that have never been acted on and some of those hopes have now lingered to the point that their patents are so old that they are on the tail end of their protections and uniqueness.
I think the answer lies in the purchase of a new building. A building that has a useless overhead crane system, the thought of electricity for production machines was an afterthought proceeded by the importance of the offices getting a makeover, and does not have a loading dock. It's like the LF building had no intentions of being a production facility and was purchased just because it was a building in the area of where the employees wanted to work; not because the work dictated the building requirements.
I think the answer lies that even though some known sales occur (i.e.the knife, or the guitar pins, or the thumb drives) that when the earnings are reported there is no notable bump that can be pointed to. Even though the report is filled with red ink, it's not like you can point to Martin revenue offsetting at least a little bit. And for that matter, LQMT reports some $75K of revenue quarterly that absolutely nobody (even with the DD done here) can show what was sold or where that money came from....every 3 months.
As you put all this history together you'll keep hearing the same stories over and over again. The names of the potential customers and their potential products change; but what happens is that they just fade away only to be replaced by a new company with a new hopeful product. And by reading the posts here; the popular opinion is that you should bite hard on this news and invest while the stock price is still so low.
Good for you Gorgol! That's great news!
I think you are finally discovering they don't care. They only care about their salaries and the sales of shares of stock.
Those that may dismiss the typos and inattention to detail are wrong. LQMT is in a very detailed business. They supposedly sell a very detailed and precise product in a precision driven industry..
If they don't care what is written on their letterhead every customer can correctly assume they won't care how a part is cast, how a mold is made, or when the product is delivered.
More and more unicorns and rainbows being wiped away every day.
I think Professor Dragon Feet wants Eontech to become listed on the Pink Sheets of China because it's much easier for him to slither around and operate as he wishes.
Most shareholders here over the years have come to realize that Apple is NOT going to use anything LQMT. Not LM105, Eontec 106, or even a spray on coating.
Over the course of many, many years we longtime shareholders have come to realize that anything LQMT is very, very expensive and that is what has kept LQMT bmg's out of the marketplace--except for an extremely low run production order every 3 years that management is willing to lose their shirt on just to keep maintain public sentiment that LQMT could be a "thing"; i.e. pocketknives or thin pieces of metal to release SIM card retainers or thumb drives or little mushrooms that keep guitar strings in place.
No matter how many G's may be in the cellular future that are required to be RF interference free; it has been shown on these boards that Apple has been working on many, many other alternatives that will be cheaper; super strong plastics, carbon fiber, or their known work with other bmg manufacturers.
Some unicorns may say "What about all those patents?" Time has shown that Apple is not going to use LQMT in an Apple automobile, hinges for laptops, a little spike to monitor glucose on the back of a watch, internal components for the wheel of the now defunct iPod, or fancy internal components for computer keyboard keys. If Apple was going to use bmg's as part of a cellphone, they would have begun by making a case or cover and testing the waters that way years ago.
I hope that those same unicorns have come to realize that $20M Apple "lifeline" that Apple paid LQMT all those years ago was largely spent on exorbitant management salaries-- 'cause that's where that money was spent.
Like an imaginary .60 LQMT share price; APPLE WILL NEVER COMMERCIALLY USE LQMT.
I love it when long time shareholders begin to rub away the unicorns and rainbows from their eyes and begin to see LQMT for what it truly is: a scam.
JB would be well served to sell before .50.....'cause ain't now way this stock makes it to .60
Todays 25% tariff implemented by the White House sure sounds as though it's aimed at the likes of Lugee Li and LQMT; "discriminatory and burdensome trade practices by China."
Then I said Hey, they are talking about technology; and LQMT doesn't have any technology...or customers....or an identity. It's just a bottom of the barrel Pink Sheet stock that nobody cares anything about.
Res ipsa loquitur and let the good times roll!
Tom Steipp had quarterly CC's.
TS felt obligated to issue a press release every so often.
TS at least felt guilty enough to have even complete BS stories about RFQ's, a BS "large European automotive manufacturers interest", BS sales training seminars, BS future medical applications, a BS ISO certification, a BS Center of Excellence, and an occasional BS white paper.
You could hear in TS voice on CC's that he was nervous.
At least TS required Otis Buchannon to do something. A press release, appear in a video, at least something to show for his ridiculous salary.
At least TS publically milked the Miltner Adams knife deal for all it was worth.
At least TS personally appeared at that small business capital funding show every year in New York. At least LQMT attended those same crappy trade shows in California year after year.
In short, at least there was some integrity to TS; not much.....but it was far more than the dark, silent place we are today. As an investor, I would much rather have Tom Steipp at the helm.
I have long suspected that Li did not buy LQMT solely with his own money. There are others he has taken along for the ride in addition to Eontech being a major contributor. So I think it's reasonable to say its Li, Eontech, and some venture capitalists (or good friends, or family members, other business associates like politicians, lawyers, accountants, the family dentist, etc. etc.)
Look at how the price of LQMT has behaved over the past 6- 9 months. Once trading fairly solidly at .46 it fell to .23/.24 and now .25--almost exactly 1/2 of where it was at. And now it's at .24, it is solid. Not that these penny stock gambles are influenced by market fluctuations or the daily news but remarkably LQMT is solid at .24 day in and day out. No matter how many shares are offered, no matter long absences of even a peep of news good, bad, or indifferent. Even Jason Bond doesn't budge the price. So we have a volatile, really cheap stock that does not change in price--something is defiantly up and you don't have to be a rocket surgeon to see something is amiss. This has become such acceptable knowledge that times I had written the above just 4-5 months ago, the posts were deleted. Today the mods let it go.
So, believing the above; you have to ask Who is doing this and Why? I think the answer is this: Li is protecting his investment and the investment of those who are along for the ride. Meaning, if the price of LQMT were allowed to be traded on a truly free market; I'm guessing it would trade near that bottom of .06. There just plain isn't anything exciting going on to sustain the price. So the price needs to stay at .24 to make Li's investment green (at least on the books). The ride along investors also need to be green, or they weren't they would have bailed a long time ago.
In addition, Li would much rather sell treasury shares @.24 rather than .06 for the obvious reasons.
So I think there must be some investment firm or a trading firm that has a bunch of Li's and the ride alongs cash--keeping the price propped up. As in: they bought LQMT for $63M but raised even more money than that, and that money is what is doing the day to day trading @.24.
Many here are grateful for the price being propped at .24 because it appears they have played LQMT correctly and are green. However, it should be a great big red flag to the stable price of .24. A HUGE red flag. If today you feel good about your green LQMT investment right now, you gotta know that the bottom could fall out of this thing at any second because this is a house of cards.
I think Professor Dragon Feet feels absolutely no obligation to share anything with we shareholders because he doesn't view us as partners--just ambiguous donors giving away free money.
On top of that, there is no news to report. And as long as shares continue to sell for the propped up .24 a piece; there is nothing compelling Li and his management team say a word; not even "forward looking statements".
So keep buying more shares friends. Keep posting your own imaginary versions of "forward looking statements". Each additional share purchase and each DD/fantasy scenario you post here only degrades the shares you have already bought not reenforcing them like you might be thinking.
By all means continue to support and reward Li's bad behavior. Don't go neg on current management, rather, be nice to them. Continue tell them that you don't care that your investment dating back how ever many years is fine being stagnant. Don't press them on updated results from things they have boasted about in the past, like Eon or "meeting with that fruit company in the fall of 2017", or any one of 100's of patents.
Tom Steipp was a much better CEO for us shareholders, even at $800,000 a year.
Well, you sort of got it.
The stock pile has been purchased now because it is going to become a whole lot more expensive to buy and have shipped from lets say the 4th of July.
If there is anything LF has--it's empty space.
Professor Dragon Feet wouldn't want his R&D department to run out of low cost raw materials; would he?
I'd say they are hedging against the rampant inflation that is going to begint this summer.
Want to end the trade surplus?
It's not a question of pricing or taxes, it's the simple fact that Americans buy too much poop.
Less than a week ago our president twittered this:
Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not! Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!
<scratches head>
Thank you for a well thought-out, intelligent response.
I always enjoy reading your posts, keep up the good work!
Well said Jollymon Sing!
Yes , even the most pessimistic of us here would like to see LQMT succeed.
The point was it would be easy to take the LM105 recipe and alter it slightly so that the liscensing fee would not be paid. Li does have the kind of background and access to the science to do so. The would be an abundance of economic motivation to do something like that.
One more thing.....
In order for this to happen LM 105 needs to be used.
Using any other BMG or another convolution or even something very close to LM105 but with just a dash of Willie Wonka secret sauce....and their is no liscensing fees paid.
This great licensing contract everyone speaks of.....
Does it say how much?
Does it say what percentage?
Does it say at what point payments would be made?
Ya' know, the real important terms of the deal.....
No, it doesn't.
Check me if I got this right: Li is said to be buying up some company (Willie Wonka style) in China that makes parts for cell phones. It is assumed he is going to convert that companies factories with Engle machines to make BMG parts for iPhones. In doing so, some loosely written licensing agreement is going to come into effect and somehow undetermined residual funds are supposed to be deposited into the LQMT checking account????
This is how we shareholders are going to become rich? Do I have this story correct?
This may be very true Sparts. And may be true here. But I think only enough LQMT shares were purchased to gain control. I'm certain of it. The share price manipulation insures he is on top and Hong Kong Liquidmetal investors are still satisfied.
Those that think that this new enterprise, the buying of a known cell phone component manufacturer with the suspicion that once owned those factories may be retooled to BMG manufacturing; I guess many here believe that Lugee Li has pulled out the checkbook from the top desk drawer again and buying this company up--just like Willy Wonka would do.
I think the reality is the new enterprise that is being bought is because Lugee Li is certain that cell phone component manufacturing is a good longterm business to get into. Does that include BMG? I think Lugee Li wants to make sure that future cell phone components include him, BMGs or not.
This is an argument that neither side can conclusively prove EXCEPT:
Why did not sole proprietor Li buy us all out 2 years ago???
Because he is leveraging us and using our money for largely his own good.
Think about that.....
You don't know this!
You are only speculating that he is a sole proprietor.
I don;t know either, but I do know that wealthy people don't use all of their own money for investment but rather use some of their money and leverage with others.
So this list tells us that Lugee Li owns 1.4M of shares or $265K in his own name???
The rest of the $64M investment is made in the name of Hong Kong Liquidmetal, correct?
IF this is true, then it is improper (as many here repeat) that "Lugee Li spent $64M--of his own money--on LQMT."
Because we truly don't know that what ever makes up Hong Kong Liquidmetal LLC was solely funded by Lugee Li. And, as I have said many times, what makes up Hong Kong Liquidmetal probably includes some money from Eontec, some money from Asian private investment, and who really knows. Therefore explaining why there was a busload of Asian suits at the OH who apparently organized their trip together for that special occasion.
Don't worry Eags, I'm whistling right with you.
An allegory about "left holding the door open" will also be appropriate.
Engle and Materion held up their ends of the bargain.
Clearly LQMT did not.
Audemars Piguet is another 150 year old Swiss watchmaker that still has never quite found it's niche in the market place because they have been using the wrong materials all these years. Boy, I can hardly wait to see the improvement when they make watches out of LM105. And like everything on this board, let's fast forward and just say that they are going to make entire watches out of LQMT; watch bands, bezels, springs, gears,....everything.
While on the email campaign, send one off to Rado. A comparatively cheap watch, but they pioneered ceramics in their products and have been selling them for over 20 years.
HEY! Maybe that's where that unexplained reported quarterly income of about $75,000 comes from that we hear about 4 times a year but have no clue to where it comes from??? Swiss watchmaker Rado has been buying and using LQMT since pre Kang days and nobody has ever known about it.
I strongly disagree! Tim and Jony have not got a clue of what they want. "cause as soon as they have something it's game over and forgotten about.
iBooks was supposed get rid of book stores, the iPod is barely even manufactured anymore, Apple TV has gone without a refresh for years; gheesh! Spotify has run over iTunes!
Tim doesn't know if he wants to be a celebrity, political pundent, public spokesperson for a clean environment or run Apple day to day.
Jony is too busy with side jobs decorating hotels in London for the holidays and focusing his time on the window dressings of 500 Apple Stores or, how the iPhone cases are going to be displayed in those stores.
Both of them have not got a clue
Let's not forget Games' recent posts that Apple and Glassimetal are collaborating and have sought patents.
And taking a look at his recent link to the Glassimetal website, Glassimetal seems to be really focused on infusing their BMG with gold, platinum, and other precious metals that seemingly have more applications for jewelry.
So ya gotta ask yurself'....without a sugar daddy, why on earth would Tim and Jony (and it's not like they are rich uncles or anything...) want to make an entire Apple Car out of fancy pants metals? Why would they use something really expensive like gold to make those hinged springy thingies underneath the keys of keyboards? Would anyone buy an Apple Television with a bezel made of Iridium BMG? I mean, how are they gonna weld platinum BMG to a glass screen with the electronics inside so there can be a completely sealed iPad Pro--sold with it's companion platinum BMG Apple Pencil?
NAHHHH! Only Swiss watchmakers that have been in business for some 150 years that haven't quite found their position in the market yet are looking for that kind of space age wizardry.
Correctomundo Eagle!
The newsletter was nothing more than a knee-jerk reaction to being called out for being lazy.
But I do like how Bruce chose to subtly let us all know that that the electrical was finally hooked up.
I would strongly encourage him to be more subtle in the future
My hypothesis is that Li may have an office on the second floor but he certainly doesn’t occupy it. Li lives in Hon Kong real close to Eontec.
He pays Bromage to run the LQMT show and because Bromage has taken the past two weeks off for Spring vacation just like every other executive; there is no press release.
Li probably is aware of the new customers but not that their parts have shipped or their products released.
Think of it this way, new sales into new business segments like music business for dental are pretty significant events in this company. I think shareholders would all reasonably assume that to be true but because there is no press releases only tells me that Professor Li does not care about you
Just doesn’t add up, huh?
‘Bout you are beginning to think like a LQMT veteran.
No announcement? Well it could be two things: Otis Buchanan has really, really been busy of late OR all of LQMT management has taken the past two weeks off for Spring vacation, we’d have better luck contacting them at Disney World.
My money is with choice #2
No one thinks there is not a similar website in Chinese that focuses on low cost, under the radar stock plays?
Maybe because of translation difficulties doesn’t pop up on web searches?
When we got the knife we also got pics of Paul negotiating the deal at the restaurant down the street!!! I would welcome more of the same.
LQMT making things and selling (hopefully at a profit) are good signs and hopefully lead to bigger things.
Thinking that this is the moment we have all been waiting for? Ahhh, not even close.
However, please make a couple mental notes: 1) no PR 2)These last two sales were only discovered by hardworking iHub contributors; otherwise we would never know 3)As sales orders ramp up, the unwillingness for Li to communicate will become more frustrating for us.
Dude, this is the second contract. Have you forgotten LQMT entry into the music business?
Lugee Li does not care about us; the shareholders.
That's why we don't even get press releases anymore.
I think you spend some time with any of LQMT financials; particularly comparing how much black and red toner they buy.