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Hey there Sandy. You are so pumped up you can even make a guy like me a believer in LQMT.
Oh.... OK. So I already was a believer.
I'm just saying you're really pumped, man. All that positive energy is raising my blood pressure.
The price keeps falling, as I thought it would. At this point in time I hope it settles back down into the 8's next week, as I have a bet to that effect (over an extremely rare bottle of scotch) with a very wealthy Investment Banker / Entrepreneur whose name I can't mention - but you have all seen him on TV at one time or another. He can well afford to lose the bet. I can't.
'Come on 8's!'
I agree with everything you say except for the $.60 spike that will pay off my mortgage. In the first place, I have no mortgage as I already paid it off. And second, I'm looking for $3-$5 because I have BIG dreams.
Thanks for setting me straight on the method of financing. I guess the OP had a valid point. It sounds crazy to me. But many real things sound crazy to me all the time.
So you think I will be able to finally get all of my 970 shares?
That's a clever, but far fetched conspiracy theory. I mean no insult to the original poster, but when financing is arranged and shares are part of the deal, aren't the number of shares offered in the deal predicated on the share price at the time the deal was structured? Or do the number of shares offered to the lender float with the share price at the time the note comes due (which would mean fewer shares for the lender if the price of the shares goes up)?
But even if the number of shares floated, it would be blatant stock manipulation The lenders could face Federal prosecution. If the lenders wanted more shares because they think the stock is eventually destined to sell for much higher prices, they could buy a boat load of shares legally for 8 cents per.
Lenders make their money by charging a good amount for the use of their money: not by manipulating stock. The market is determined by both buyer and seller and a lender/manipulator would be risking a big loss when he is already reasonably assured of a nice gain based on what he charges just for the use of his money.
Finally, if the lender/manipulator had enough shares to do what the OP suggests, why did they allow the stock price to shoot up over $.10? Even better, if they can manipulate the price down to 8 cents, why stop there? Why not 5 cents... or 2 cents?
If I could manipulate this stock price, I'd bring it down to a penny. Then I could afford to fill my quota and finally own all 967 shares I dream of owning one day.
Falling volume. Falling prices. As expected. We should return to 8 cents and another round of great buying opportunities. Next year this time, these 8-10 cent share prices will be long gone, leaving many of us who took advantage of these low prices very happy.
Interesting take on what was wrong with the original Liquidmetal golf clubs. However, it's not what I found years ago when I looked into it. Nor does it conform with a search I just made 10 minutes ago.
In the first place, I could not find any documentation that iGolf was in anyway involved with the product. There are links via Google to suggest that the clubs were made by Howmet (a division of Alcoa). There are also links suggesting that the clubs were "non-conforming," and that's why they failed. I.e., they were not accepted as officially sanctioned equipment by the official Lords of Golf. (The same ones that make rules such as what one should do if one's golf ball enters a gopher hole.)
There are also several links indicating that some of those who bought the clubs loved them - in spite of their high price.
I'm not saying that you source supplied you with erroneous information, but it does not jive with the information available on the Internet.
But what makes no sense at all is the assumption that LQMT will make the same mistake twice.
That is correct. It was the attachment site of club head to shaft (the "hosel") that shattered.
I do not know enough about the cause of the problem, but I do know that early on, one of the problems they had with the original formulas and/or methods of producing the alloys was the brittle nature of the alloys. They are, after all, a glass - and glass shatters under impact. However, some glass formulations - like some of the Corning glasses, are extremely resistant to shattering on impact.
Years ago, the LQMT scientists (Johnson, et. al.?) were able to overcome a large part of the brittleness inherent in the original formulation of their liquidmetal alloys. They no longer shatter on impact nearly as easily as they once did. I do not know which formulation of the alloys they used in the original Liquidmetal golf clubs. In any case, the new ones will have liquidmetal inserts and I'm betting the ranch that the inserts will not shatter when contacting a golf ball - no matter how fast the swing.
Last month, before the CC, there was a run up to $.1020. Then it slid back down to $.078. I see no reason not to expect the same thing recurring over the next several days, even though trading volume this week is considerably higher than it was last month.
Wesd25 - thank you for that report and analysis. Good stuff!!!
RR, I agree completely with all you say except for the assumption that the additional authorized shares they wanted had anything to do with providing shares available for purposes of converting preferred to common shares. Even without the additional 100M shares authorized, they still had approximately 160 million shares in the authorized pool. That would equal several times the number needed to convert all outstanding preferred shares, if I remember the number correctly.
Sir, thank you. You taught me well. Believe it or not, I always paid close attention to the things you've said.
Jeff, with all due respect, the insiders did not move stock to take advantage of a bump and then run. No offense, but If that is what you think, you can't even begin to imagine what the motives were for their recent actions.
To gain some perspective, the market is up by how many percentage points? (The answer, of course depends on the starting point you chose.) Now calculate the percent increase from today's LQMT price (or use the $.22 conversion price) to a share price of $3-$5 (which is likely the minimum those guys are looking for). The two values you'll arrive at are not even in the same ballpark.
You are thinking too small. I know you can do better. Take a look at the history of TASR. You will see that in one year the stock rose from $.40 to $20. I'm not predicting the same rate of growth will happen once LQMT starts to take off. But I would not be surprised to see a rate of growth in share price in the range of $5-$10 during the first year that significant revenues start accumulating.
Remember what Steipp said: each part order will have a life cycle (and therefore a revenue stream cycle) of between 5 and 10 years.
Keep the faith, buddy. You're going to do quite well, and in probably within 12-18 months time.
Today's prices should fall back to the low $.08's once the initial impact of today's news wears thin. If there are no PR's from the company during this quarter, and no significant new revenues reported during the next CC., the price could fall back to the $.07's. But take those drops as buying opportunities. What matters to us longs is not the price today, but the price towards the end of the 4th quarter. And that, my friends, bodes quite well, indeed.
RR, correct me if I am wrong. but I'm under the impression that when options are exercised, they are not done on the open market. The company allows the holders of options to buy shares at the option price directly from the company - which, in turn issues those shares from the authorized shares the company holds. Likewise when converting prefered shares to common.
Another thing: these fellows are too smart to allow themselves to get trapped by either direct buying on the open market or converting shares or exercising options close to the time the stock is expected to pop. Todays actions by Chitayat and Mohamedi, and the granting of options to Steip, Chung, Salas, and Mohamedi pressage things to come latter this year or early next year. Still, it is a strong buy signal in my book.
Chitayat and Mohamedi converted prefered shares to commom stock? Hard to read the form 4 on my iPhone with my old eyes. But if I read it correctly, the insiders are expecting a pay day in the future. Can someplease confirm. TIA
Bottleneck at $.0820.
BTW, all you who were crying bitterly and cursing management about a 20% dilution, where is the drop to the $.064 share price you were so fearful of?
Just my observation, of course.
Absolutely. This stock isn't going anywhere fast. All one has to do is bide one's time until that order fills - even if it takes many days or a week or two. Once that artificial floor has been eradicated, the price will fall back below .08
There is a reason for the $.08 floor. Yesterday someone put in a Buy order for 800,000 shares at .082. Only a few shares were filled at that level. Today that order is for 776,528 shares at .082. That certainly sets up an artificial floor at .082. Until that lot is filled, there is no chance of the price going lower than .082.
IMO, that is either manipulation, or an order placed by an idiot who is actually killing his/her chance of buying below .082. Given the current price range and daily volume, anyone who places an order for more than about 100,000 shares has no clue of what he/she is doing. Just my $.02, of course.
AsiaT, not to beat a dead horse - and certainly not to insult you in any way - but there is a difference between "I believe," "I think," and "I know." So, is it just your belief that Boeing will soon be getting parts made of LQMT alloys, or are you basing that sentiment on something more tangible than just a belief? Thanks in advance for the clarification.
I doubt Visser was a no vote. In the first place, someone as sharp as Visser is purported to be would never have gone into business with a group whose judgement he didn't trust. In the second place, he has an anti-dilution clause in his deal with LQMT. It makes no sense to me to praise Visser as being the reason one is so positive about LQMT's future, and also hold the view that Visser was stupid enough, and failed in his DD to the point that he mis-read the other LQMT insiders and now wants to take over the company. - Just my $.02, pappy.
As for why they made such an effort to get out the vote: The last time (before this vote) that they needed a vote form the shareholders, too few people took the time to vote. They had to re-schedule the vote. My guess is they did not want a repeat of that situation before the ASHM.
If you want to do a little investigating, based on the number (or percentage) of votes cast for and against, you need to know the following:**
1) The number of shares outstanding includes preferred stock on an as converted basis.
2) The number of outstanding shares as of 2/20/13 as ~256M shares outstanding. That number does not include preferred stock, which is equivalent to ~ 17M shares on an as if converted to common stock basis.
3) Stockholders Entitled to Vote at the ASHM, and Number of Votes
Only stockholders of record as of the close of business on the Record Date are entitled to receive notice of the Special Meeting and to vote at the Special Meeting. As of the Record Date, we had 242,074,324 shares of common stock, 105,231 shares of Series A-1 Preferred Stock and 401,705 shares of Series A-2 Preferred Stock outstanding and entitled to vote at the Special Meeting.
Each share of common stock is entitled to one vote on all proposals at the Special Meeting. With respect to the approval of the amendment to the Company’s Certificate of Incorporation or any other proposal to properly come before the Special Meeting, each share of Series A-1 Preferred Stock is entitled to 50.0 votes and each share of Series A-2 Preferred Stock is entitled to 22.7 votes.
**Tony Chung helped me to understand this. I did not come up with this on my own.
Tony Chung's Interview:
I was especially excited to hear him say that the Liquidmetal Golf Clubs would enable one to drive a ball ten yards further. I can't wait to send my ball flying 16 yards off the tee!!!!!
But seriously (I can already drive a ball at least twenty yards) - the phrase "at MUCH LOWER COST" is the key to selling customers on liquidmetal alloy parts. That's the benefit of Near Net Shape production. The part, as it comes from the mold, is very near to its final (net) shape, and requires little or no additional finishing. So even if the cost of materials per part is higher compared to materials in current use, the final cost per part is lower when using liquidmetal alloys. - SWEET!
The latest trend in cataract surgery is to make the incisions with a laser, but that has not replaced knives yet. Even so, surgical knives have many uses other than cutting a corneal flap. The ever-increasing speed of technological advancement can only help LQMT going forward.
Not really. The old Watts is still out there somewhere. Give him a chance. He'll be back.
The problem with Hayek's summation is that, as I understand it, the iWatch is being designed to work in conjunction with the iPhone: not as a replacing for it.
The iWatch has an estimated market in the neighborhood of $60 Billion.
Besides, Hayek's remarks remind me of the railroad Moguls of yesteryear who bet the ranch that long distance shipping by trucks would never significantly replace shipping by rail.
Well said, jb. Couldn't have said it better myself.