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I’m going to ignore all this drivel but I do have a question/comment....someplace in the last 3 years, I saw that Prof Li still has 132 million shares of Eontec which amounts to something like 36-37% percent. I also remember that the Chinese entity has 32%. I think this makes Li the largest shareholder and nobody has a controlling interest. Can anybody else confirm this recollection?
The problem with owning several million shares of LQMT is the lack of liquidity and owning a week’s worth of average daily volume makes it almost impossible to exit without severely impacting the price. One ends up pushing 20k or 50k share lots into a market as the price continuously plunges. I will be glad when it’s over.
Why not start a publicity campaign which just states the facts...like
“Apple was so impressed with the technology that they bought the Consumer Electronics license for $20 million in 2010.” or. “Apple and Liquidmetal created a vehicle to manage their joint intellectual property for all BMG developments from 2010-2016”.or “Liquidmetal has the rights to utilize those Apple developments (excluding CE) on a worldwide basis”. “ The IP pool consists of xxx patents including composition, process and product developments.” or “Liquidmetal has manufacturing capability in both North America and Asia”
Somebody has to start beating the drum!
When do we expect Q1 report from LQMT?
If Microsoft is really interested in entering the retail platform business, they should acquire Shopify to get a running start and head off Instagram.
At the risk of beating a dead horse....I understand that Apple has a perpetual, worldwide license to use BMG for CE products and I assume that they can extend it to cover their suppliers like Foxconn BUT what happens if all of a sudden Apple decides that BMG will be fully implemented and that Foxconn (somewhere, maybe Wisconsin) needs to tool up. Foxconn would need to purchase some large number of machines...perhaps several hundred and they probably have only 2 choices...Eontec or Engel. Same situation with BMG alloy but the choices are Eontec or Materion. Is this something covered under the MTA umbrella? I doubt it.
The MTA licenses the technology royalty free but it ultimately has to be manufactured by someone else.
Just stirring the pot.
What ever happened to the rivet replacement with the airplane manufacturers?
OK so the guitar pins have the ability to enhance the performance of anybody’s guitar. This is a truly unique ability but where else can we leverage this uniqueness? The reason the Liquidmetal pins make a better sound is probably that these pins don’t dampen the vibration of the strings as much as ivory or plastic. Taking it a step further, can this concept be applied to a piano? Somebody need to talk to Yamaha or ?? Is this the tuning fork that goes for 5 minutes?
Remember the old Accutron watches...it had a tuning fork the divided each second into 360 vibrations which kept the time. Extrapolate on the strengths.
The electrical properties of BMGs are unique..what unmet needs are a fit for those properties?
I keep coming back to high end fishing reels...the premium to reduce the weight of a reel by an ounce from 6 to 5 is $100. High end reels are 6 ounces, have hundreds of parts and cost $500. There has to be an opportunity.
Dentistry..us old farts have a fortune tied up in crowns, implants, posts and whatever....there is an opportunity to standardize the configuration of an adult molar crown.and pop them out in that 8 or 16 cavity mould. They standardized the flexible contact lens industry and changed the whole dynamics of how things are done.
Enough raving for tonight.
Any thoughts as to why LQMT seems to perform best when the overall market is being decimated?
Several concerns....
When we dream about production contracts, it would be nice if it were something like “Ford wants 5 million injector nozzles per year for the next 3 years verses the dental company ( or tendon replacement folks) who could be asking for several hundred units per month (or quarter) resulting in a steady but modest revenue stream. This could be a BIG problem. It takes a lot of up front work to get to the production phase so the order needs to be substantial.
Second concern...The tooling costs and time (to build moulds) are very substantial and consequently discourage adoption with the upfront costs...easy to amortize over a large opportunity or long run but it becomes a roadblock to early adopters.
Third concern...the advantages afforded by BMG are less than completely obvious. Price is not a selling point since the career risk is high for a potential champion. Only very narrow applications (outside of CE) value the unique properties of BMG This may be the biggest roadblock to progress.
39 employees....forget about sales people who can impact us 6-12 months out PERHAPS. I’d rather have those heads as machine operators for a second shift because we have orders IN HOUSE NOW.
I can help a little with the electrical capabilities at LF.
The voltage delivered is most likely 480 volt 3 phase...for simplicity I will ignore the 3 phase vs. single phase part of the exercise....
480 volts x 4000 amps gives us 1,920,000 watts available...K = 1000 so it’s 1920 Kilowatts
A month has 720 total hours so 720 hours x 1920 kilowatts equals 1,382,400 maximum theoretical kilowatt hour usage per month. Assuming $0.15-0.20 per kilowatt hour gets to an absolute max of $200k-$280k/month.
It turns out that this is all academic since this capacity would be sized to support additional moulding machines as well as the sintering operation and the power would only be a cost when it was actually needed for production. That said the utility cost would be factored into the manufacturing cost and charged as a cost to produce and be reimbursed in the selling price.
32 million shares at 11.5 yuan is about $55,000,000 (US dollars). This is serious money and the volume is something like 7% of the shares outstanding. Subtracting Li’s shares and the Chinese Govt shares means the volume exceeds 20% of the float. Impressive.
The connection is there...Prof Li owns 130 million shares of Eontec and he also owns 410 million shares of LQMT. His fortune is connected to the success of both companies.
Both companies are SMALL and both are niche players in a very big and technical market. Strategic alliances are necessary to survive.
I am aware of all the points you raised, however weak.
Supply is tight....nobody is selling!
Eontec price movement for the last 5 days, one month and 3 months has been roughly 25%—>50%—>75%.
Still hasn’t cracked it’s 52 week high at 10.92...that will be tomorrow.
Eontec price dynamics....it’s one thing to move 10% on 20 or 30 million shares but the fact that only 670k shares caused a trading halt means that there are many millions of share demand that is currently unfilled. This will transfer to each trading day for the rest of the week in a frenzy. The inability to get executed will only fuel the demand...expect 10% rises for at least several days.
Eontec up 10% on 670k shares meaning it opened up the limit and was immediately shut down. This has to be noticed in the USand become reflected in the LQMT pricesoon.
Good point.
Very impressive description...it does everything! Their use of the term “liquid metal” doesn’t refer to our “Liquidmetal” though.
I recently heard about someone developing a “roll up” television screen similar to a window shade. One minute it’s there and next minute, it’s gone. Wish I could remember where I heard it....could have been CNBC.
This could be related.
Apple may well sue but the big question is “who do they sue.” Simple answer is they sue everybody but the actual infringement , if there is any, was done by Eontec which leaves Apple suing a Chinese company. Next question is where is it filed....California or China? So does Apple go for an injunction to prevent the Asian phone sellers from importing into the US? Or do they go through the 3 year process for a court ruling?
It’s a lose/lose for Apple...only a delaying action and the Chinese PR machine will gear up and ALL Apple Chinese sales opportunities will vaporize. It creates significant downside for Apple.
First we need revenues and these revenues will offset the current “burn rate” of cash. When the burn rate gets to zero, we can start talking about net profit.
You folks need to get comfortable with the lack of PR...the company is only going to disclose the minimum required by law (SEC). I worked a whole career for a stealth company...no press releases, few patents (everything was treated as trade secrets), lots of confidentially agreements/non compete contracts etc. This stems from being in a competitive marketplace where you guarded your customer list as well as your technology. If you were lax, a competitator would eat your lunch.
Take a deep breath and be patient.....we have numerous irons in the fire, each with a different timeline, we need to give them time to reach maturity.
So I looked at the “alleged” press release about the hinges and it was dated “January 2004” with the location being “Lake Forest, California”.....Really strange since the LQMT location was Santa Marguirita Ca up until a few years ago.
Were they in Lake Forest prior to being in SM prior to being in lake Forest?
I would be very happy to see revenues for Q4 to be in the $750k to $1 million range. Particularly interested in the mix of product sales, tooling and “commissions” from our associates.
The best surprise would be the announcement of several new machines on order...I don’t care whether they are MIM or BMG machines...it would indicate a positive outlook for future trends (especially in Medical).
Eontec’s chart isn’t all that pretty...it needs another 30% to make a new 52 week high and it needs to triple from here to exceed the high from 2016. Telling point will be the trend line at about 17.
It will be very interesting to see how Eontec’s performance affects LQMT today. Volume is at least as important as price movement.
Eontec halted...up 5%+. Last time it was for a 10% move???
Thank you
OK thanks....my mistake...sorry
So the Q4 and full year results will be released the first week of April. Q1-2019 will end on March 31 and we should expect the Q1 results in early May. This makes for 2 financial reports in 5 weeks or so.
So the Q4 and full year results will be released the first week of April. Q1-2019 will end on March 31 and we should expect the Q1 results in early May. This makes for 2 financial reports in 5 weeks or so.
I’m an engineer, not a sales/marketing type but I have worked closely with them and I may have an explaination for the lack of selling success that many of you are groaning about...
LQMTdoesnt have a sales force per se. a sales force is expensive with base salaries, transportation, hospitality so it could cost $350-500k to put one dedicated salesperson on the road for a year...a true sales force needs a dozen of them to provide coverage and be effective. As an alternative, LQMT has “manufacturers reps” who work on commission and who will carry the word but reps have many clients/many product lines that they are hawking so they gravitate toward the easiest products with the highest near term potential dollars. It’s easy to become a lower priority in their scheme of things.
What LQMTdoes rely upon is someone like Hauck or Kent who is a sales/marketing hybrid to drum up new opportunities. They need to work closely with the potential customers, hold their hands etc, handle all communications with the technical people internally and of course manage some network of Manufacturer’s Reps to make sure they get their technical support etc. Kent covers the entire US including the potential customers, trade shows and the Rep system. Wow
Like I said, I’m the engineer...any of you sales/marketing types want to chime in?
Price movement without volume is static.
I wouldn’t be surprised to see a dramatic influx of Asian orders as savvy international investors from HK look to other ways to capitalize on the worldwide BMG trend.
Also appears that LQMT is following Eontec, not the other way around....it’s more evident in the volume trend than the price but if you look at price movement times volume (momentum) Eontec is clearly leading the way.
48 million shares is $60 million! About 25% of the float.
Disclosure Rules....I’m not current on the disclosure rules related to “black out periods” and other regulations hidden within the SEC “guidelines” but it may impact the PR from LQMT. If Li is cautious of running afoul of the regs, he may have chosen to just say nothing. A tiny company isn’t required to share.
Are there disclosure rules in China? China markets are ripe for manipulation and the penalties go beyond a slap on the wrist.
Anyone with specific knowledge?
Eontec volume today was 7.4 million verses 3.7 average with a 5%+ price move.