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Yes... you did say PrometalTech made the bracket. It has taken me a while to recall that. My bad for a failing memory. Age takes its toll. I can only guess at what my memory will be like when I turn 37.
First, I want to thank you for going to the trouble of going through your data and re-posting it.
There is no doubt about it. PrometalTech made the bracket.
So where was Lugee and the Maze? I am somewhat "dismazed" at what you uncovered.
Thanks again!
Sounds like PrometalTech could be competition... IF there really is substance to what is claimed. That's why I am trying to find proof - not just assumptions, assertions, and lose connections. Is PrometalTech a real competitor to LQMT... with all that LQMT has going for it in terms of Lugee and the connections LQMT has via "the Maze?"
Does it seem plausible that a small standalone Chinese company can out fox Lugee and LQMT, and get the ASUS contract instead of the contract going to Lugee -- either via LQMT or Eontec? If they did, it does not speak well for the future of LQMT... and Lugee's other operations, for that matter.
After all, much has been made about Lugee and his "Maze." I hope it is not much ado about not very much at all.
Here’s the latest I could find from PrometalTech. It’s from Feb. 2020.
https://advanced-materials-apac.manufacturingtechnologyinsights.com/vendor/prometaltech-liquidalloy-bmg-material-solution--cid-921-mid-90.html
To me, PrometalTech is little more than words on a website, just like LQMT was: full of promise, lots of talk about what their alloys can do and might be used for, and no documented business to show for it... but I could be wrong.
I’ve been down Hype Highway too many times to judge a startup company by its website. They all look good. But one can’t tell sugar from salt on appearance alone.
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No worries. We are on the same LQMT thought track.
The value of Yama's post is to show that amorphous alloys is gaining traction in the materials market. My comments were to point out that even though their website is cool looking, they are not a competitive threat to LQMT.
When LQMT first went public, it was the only game in town. They had no competition. They also lacked the ability to mass produce molded BMG parts (but that's another story). Back then no one was aware of the alloys and their unique physical properties. - Times have changed.
The fact that small companies like PrometalTech, Amorphology, and others, have popped up with cool websites and big claims is evidence that amorphous metal alloys are entering the mainstream. LQMT, thanks to Lugee and his BMG 'empire' is well positioned to take advantage of the burgeoning market.
PrometalTech is not a fake company. What I question is the implication about the relevance of that, and other companies, to LQMT based on a company"s website. One cannot look at a website and determine how, or if, that company is really related to LQMT. As an example, look at the KANG Liquidmetal websites that Kang was forced, by court order, to remove. One could have easily concluded that Kang's company and LQMT were linked, when in fact, just the opposite was true.
In like manner, I also question the relevance of dozens of photos posted in this forum. One cannot look at a photo of a part or of a device and conclude that the part in the photo is made of amorphous metal. Yet that is the supposition of many posts here.
As we wait for more Concrete News from LQMT, we are stretching credulity in our search for what is coming next. That's all I'm implying.
Nice find??? Prometal Tech hasn’t updated its company history, on their website, since 2015, and it’s lead amorphous metals scientist, Atakan Peker, has apparently been searching for a job since 2017, based on his LinkedIn page.
Is Prometal Tech still in business?
Any computer savvy teenager can make an exciting looking website on his home computer. It pays to check out the validity of the claims a company makes on their website. Company websites are just sophisticated ads..
Doesn’t really matter if the pps drops back to $.10 or to $.08. The move up I’m expecting will be at least in the range of $.50 to $1.00. It will come about as a result of a PR, an 8-K, or stated revenues in a quarterly report. Until such a time, penny moves, up or down, are inconsequential - at least to me.
I think the move to $.12 is based almost entirely by the excitement we felt after reading BB’s blog. Frenzied buying, to a large extent by us, lit up the charts, leading folks who trade on TA to jump aboard. But that’s probably time limited action. Without additional news, the price is likely to sink. So what?
Anyone who really believes the information reported here, as I do, knows what’s coming. We just don’t know when. So if the price goes back down a few pennies, no one who understands what’s happening with amorphous metals, in general, or with LQMT, specifically, will be discouraged if the price slides.
Tiny trades among a very few is forcing the price down. It will be interesting to see if they can scare weak hands into selling. If they can’t, they may move on to another penny stock. If they succeed in screwing around with LQMT, they’ll be here until big news comes out.
You make a valid argument. I’ve been watching the action and I agree with you. Does this also happen with high volume stocks? With stocks listed on a major exchange? Or only with low volume penny stocks?
We had the same number of shares when the price hit $.44 on much less positive news than there is today. And when the price was $.44, LQMT had no orders and no revenues to speak of. It’s fun to guess what the share price might get to on really big news, but good luck basing that number on rational assumptions and general market principles when the price will be determined (initially) on greed and emotion.
Thanks. I hope we all get that chance.
Just sold 125,000 shares for $3.16.
OK... so I woke up after the sale.
Correct, on both points. Beryllium is long gone.
A word about Bruce’s blog post:
My sense is that many have interpreted Bruce’s blog as meaning new contracts are imminent. But the blog does not contain any time lines. All it states, in that regard, is
Good question. Complex answer.
Supply and demand controls the price of almost everything. But that does not mean that the price one pays, based on supply and demand, is always rational. E.g., the Dutch tulip mania of 1637 - 1638 saw prices for a single "rare" tulip exceed all manner of rationality, leading to the crash of that market in Feb. 1638. (Yes, I'm old enough to remember that. )
The way I see it, the price of LQMT is undervalued. I would like to think that is a rational decision. But what is my decision based on? Certainly not revenues. And if revenues are a rational criterion, TESLA is way over valued. So what "rational" criteria does one use to arrive at a stock price? Revenues? Charts? Non-binding PRs? Non-binding Blogs? Messages posted in a stock forum?
I do not know how a penny stock company with very little in terms of revenues arrives at a value based on "rational" decisions. But I don't believe in conspiracy theories and that "they" are manipulating me and are messing with the value of my portfolio. - Then again, maybe I should.
MM's suppressing the price of a stock makes as much sense as a grocer who tries to make money by removing the inventory on his shelves, while waiting for some indefinite period of time for prices to go up by an unknown amount. Once the prices go up, there will be a lot of money to be made. But in the interim, by keeping the shelves bare, he forgoes whatever money he can make until the prices start to rise in a manner beyond his control.
No one, not even the MMs, knows when the POP will come. It may not happen until the end of the year. Why would MMs suppress the price of a stock and thereby decrease their own profits for an unknown, indefinite period of time? Makes no sense.
The ride was nice. Charts are fun. But there will be no sustained increase - especially to the levels I am looking for (above $.50) - without news.
As expected. That .13 was not a real trade... Bloomberg not withstanding. If I read Yama’s chart correctly, one of those supposed trades for .13 was for only 9 shares. Really? Someone was manipulating the numbers. Or maybe the cleaning staff applied too much pressure while dusting off a keyboard.
As Apple trades in the premarket, the value of my portfolio changes with every transaction. So if the .13 buy of LQMT shares was real, the value of my portfolio would be WAY, WAY UP this morning. But it’s not. The .13 number is not reflected in the value of my portfolio. I don’t know how that supposed premarket trade of .13 was recorded, but it’s not real.
That cannot be real. It has to be a glitch. Premarket trades work the same as the day market. I.e., trades are based on a bid and an ask price. The current ask price is .1099. So how can anyone buy shares at .13? That makes no sense at all. When trading begins today, that .13 number will have no bearing at the opening of trading.
Say what?
There are many valid questions and concerns posted by investors in this company. Unfortunately, by its very nature, LQMT is still a very speculative stock... and one of the reasons it is so speculative is the limited information that the company provides to its shareholders. One of the most frequent questions asked is how LQMT will earn substantial revenues. Currently, that answer is in the mind and imagination of the shareholder, and it is based on a lot of collaborated and substantiated information - all of which has been posted here. Is that information hard evidence? Is it proof? No. But it is what it is.
We don’t have PRs. Instead, we get messages in the form of blogs. I know. They are not the same. But, again, it is what it is.
We don’t have educated guesses from Ming Kuo. But we do have Joshuaeyu. And we do have TONS of information in the form of valid posts that are shared right here, every day, in this forum.
I understand that high risk can translate into big losses. But High Risk can also lead to Huge Rewards. And IMHO, there has been enough reliable information posted here, about LQMT, for me to be reasonably certain that Huge Rewards is the far more likely outcome of investing in LQMT... especially at these prices.
The difference between a businessman and a politician is that the businessman concentrates on getting the job done whereas the politician focuses on his popularity ratings. Li is a businessman. He communicates with shareholders via his actions, and he doesn’t pander to those who lament about his lack of verbal communication. But even if he was a politician, the number of complaining shareholders are so few in number that even a politician would ignore them. We should follow his lead.
Not true. LQMT was absolutely excluded from the CE market. The MTA makes that abundantly clear. But that was before Lugee.
It was always Apple’s prerogative to lift the CE exclusions. Apple probably never would have done so if it wasn’t for Lugee. — The man has leverage!
When venture capitalists and the atomic clock salesman ran the company, before Lugee came on the scene, LQMT had no leverage with Apple. But times and agreements have changed. There is plenty of documentation posted here to explain why and how Lugee has gained leverage with Apple. It’s a fascinating story. Too bad it has to be pieced together from fragments rather than by the signing of a new agreement between Apple and LQMT.
I feel the same way. This country had the initial leg up on the development of amorphous metal alloys but we completely dropped the ball. I can’t say that surprises me. Kids in China seek universities based on the quality of the education. Too many kids in this country chose universities that rank high as party schools. Thank goodness for the continued Asian immigration to this country. We need those kids living here.
It was never Li’s intention to drive LQMT into the ground. That is a fiction that arose from conspiracy theories posted here. And if all he wanted was access to the patents, he could have licensed them at a cost that is far less than the $64 million he paid for his stock in the company.
So I agree:
I can sum up Lugee in a single word: Entrepreneur.
It’s an ancient Chinese word that, loosely translated, means he’s going to make us all rich.
Several companies have recently seen their stock prices assume parabolic growth. That has captured the minds of the investing (gambling) pubic. Everyone is looking for the next TESLA or the next FCEL or the next PLUG. People with extra cash will jump on anything that moves up by more than a few percentage points in a day. And they will spend their money without doing any real DD. They will jump on any stock whose chart looks promising.
As I see it, this is where TA will really help us. It will help raise the share price out of proportion to what it should be based on valuation. The charts will feed a buying frenzy, which in turn will be reflected in soaring charts, which in turn will fuel even more buying, etc., etc.. One major contract will ignite the spark and the charts will fuel the flames.
Thank you for your considered and knowledgeable opinion. I know far less about trading than you do, but based on the history of this stock, my guess is that being on the pink sheets will not retard the spike in LQMT's stock price. This is what I base that opinion on:
Before anyone knew the details in the MTA between Apple and LQMT, when word got out that the two companies had signed an agreement, LQMT's stock price shot up nearly 20 fold in a week or so. The day it reached its zenith of $1.76 a share, over 112 million shares were traded in a single day -- and that was when the effective float was only 1/2 of what it is today. Not a single institution was involved in the buying frenzy. It wasn't investing. It was a free for all grab for a chance at riches.
So my guess is that once a few more contracts are signed, or once one major Marquee company signs a contract with LQMT, the stock price will blow well past a dollar in short order even though it is not listed on a major exchange. That said, I would agree that for continued rapid and sustained growth (a second phase, so to speak) being listed on a major exchange is essential.
True that, Tomcat. I was just wondering whether or not the initial JUMP UP in price would be effected by the fact the LQMT isn't listed on a major exchange. I don't see why that should matter, but some of the folks here have forgotten more about trading stocks than I've ever learned. So I thought I'd ask....
FCEL, Microvision and PLUG are all exchange listed stocks. When news gets out about LQMT, will the surge in price be diminished because it’s a pink sheet stock?
Thanks... and thanks for the heads up note.