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Here is where I think LQMT is going:
If you walked into RSM and talked with the LQMT engineers; I think you would walk away that LQMT really knows the science and has a lot of experience with the science of BMG's. They are really good at it.
Li and Eontec are also smart with BMGs and have a lot of respect for LQMT and their knowledge. They are less impressed with leadership.
Being a publicly traded stock and in the murkiness of the pink sheets; the LQMT recipe and years of research were for sale in a very attractive place where the rules and the disclosures and the reporting--aren't very clear and there is not a lot of oversight. So they bought what they wanted.
So Li becomes CEO and the sharing agreement is signed. With the sharing agreement signed, now the LQMT recipe and technology can be freely used by Eon-whatever. The market advantage and LQMT's uniqueness and the all the goodness of LQMT went on a plane to Hong Kong to be exploited. This is far different than LQMT sets up it's own manufacturing facilities overseas or contract manufactures overseas. I believe Li wants to continue to make Eontec a great company, not LQMT. LQMT is like a tool they bought.
What's to do with RSM??? Well, I'm guessing the RSM building is leased space. $8M is a lot of money to buy a building; but it is also $8M you can get back if you chose to fold the company. It may likely appreciate in value over the years. Money for rent is nonreturnable. The LQMT research and development team does not want to relocate overseas or to the midwest where most of all the other tool and die type companies are located; they want to stay in that tony section of south Los Angeles. So they get Lake Forest bought for them. To begin to dabble in manufacturing and the uncertainty of a Trump administration policy on imported goods; buy a Lake Forest building with some ample warehouse area to bring in some Engle machines and get the tech whiz kids to experiment with Eon's answer to extrusion.
The leadership of LQMT makes good coin. My opinion, not a lot of responsibilities. So they are cozy jobs that allow them and their families to live in a very nice part of the US. So it makes perfectly good sense to me that if there was a new sheriff in town; one that could take this once in a lifetime job away at a moments notice. Wouldn't you want to re-affirm your conviction to LQMT? Show the new boss you are a believer? Show him you have skin in the game? So.....you buy a bunch of shares with your own money. To keep your job. To keep your family where it is at. To be on the sheriffs good guy list. Stay cozy.
To think that LQMT is going to profit from Eon-whatever is false. What Eon-whatever manufactures is going to go on Eon-whatever statements. Eon owes LQMT nothing. So, Eon's success does not mean LQMT's success.
At this point in time LQMT is NOT a manufacturer. It's fun to think about big companies, how LQMT could be applied, and the massive volume big companies buy stuff at...but LQMT's history of making stuff....stinks. It's terrible. On top of that, all the things the unicorns have mentioned LQMT to be used for recently have other things made in the Far East inside them. Or are BMG substitutes for things that are already made in the Far East. So I'm thinking because of that and the low cost of production in the Far East; all LQMT/BMG manufacturing happens at a Eon--whatever facility. Because of location, because of lower costs.
If I were Li I'd keep LQMT around to work on and work out the problems of Eon-whatever projects. LQMT becomes the R&D facility for Eon. Some of their time is spent on new uses and formulations; a lot of their time is spent on ironing out Eon-whatever manufacturing concerns. Materion gets kicked to the curb. Moldcraft gets replaced by a Far East mold maker. Engle stays onboard because of it's uniqueness but is in serious danger of of having it's machines and processes replicated. Cloned Coach purse Engle machines.
Now LQMT needs to sell shares of stock to survive. Even though it will run at a loss for LI, that loss needs to be offset by dollars received for shares. So I'm thinking we are going to hear more of the same positive outlook PR's. Ambiguous but encouraging. Just enough to peak the interest of amateur venture capitalists. Some carefully worded PR's that imply big industry, big players, and potential big dollars. Casting a line for whales into the open ocean.
What LQMT really needs is more 200 piece unique looking knife contracts. Low volume. Very unique and expensive items. And items that where the deadlines for a complete order are drawn out over time. Remember they blew the knife contract deadline by about 3 weeks. If they are going to manufacture they need to begin with baby steps.
Yea, because now that Eon-whatever (you name the Eon subsidiary) can outright use or improve LQMT's BMG recipe--all the unique market advantage LQMT had going for it is now gone and can be purchased at a lower cost of production by a company or companies that have experience manufacturing very similar items.
Overseas--remember most of the products we think that could reasonably be made of LQMT, also contain other pieces and parts of things manufactured overseas. LQMT is just one component of something larger.
And the true answer may be somewhere in the middle of both of us--in time.
Baby steps first, baby steps.
A production contract of something like 200 very unique knives is what I think LQMT needs today.
Who wants a .06 a share dividend???
Lemme see....$63.4M-$8M(Lake Forest Building) = $55.4M available for dividends
$55.4M / 882,481,151 (shares outstanding) = .06 a share
We need to get together a shareholder proposal and bring this up to vote at our next annual meeting; C'mon unicorns, there's free money to be grabbed!
Let's go full-out unicorn Watts:
When do you think the first DIVIDEND will be announced?
For how much?
Theoretically I guess we could disperse Li's 63.4; minus that building in Lake Forest. I would vote all my shares for this.
Correct, this is a public forum regarding LQMT and the members here can have whatever opinion ( or lack of an opinion) they chose.
As a LQMT investor, I would like to see some money reported on the LQMT balance sheet and I would like to know how it got there.
Yes, I need unicorns to explain to me how money will appear on the LQMT balance sheet if Eontech makes something BMG.
Or, a contracted vendor (like Foxconn) makes something BMG and revenue somehow appears on the LQMT balance sheet.
OK, then explain how LQMT would receive any revenue from that situation.
In other words: There Is No Money For LQMT IN This Situation!
I see your point Spartan. Tendon repair, and then before that dental instruments; I feel like I'm in an echo chamber.
I would certainly hope LQMT made some medical implant friends at those many trade shows in San Diego.
This news release is more of a "we are pursuing" or "trying to attain" rather than the actual approval.
But I am happy to hear factual news about what LQMT has been up to.
Just because Eontec, Eon Metal, or Eon Cloud sells a LQMT or BMG product in ABSOLUTELY NO WAY guarantees any money will flow through LQMTs balance sheet.
I believe that sharing agreement between Eon and LQMT allows Eon free use to manufacture and sell LQMT. And perhaps may do so without paying a royalty.
So you are thinking that the $1/2M in Green Mystery Machines have sat idle since the Miltner knife order because there were not enough of them to process another order? Somehow spending $7.5M more will cause orders to happen?
Speaking of orders; the last order, the last sale (unless you believe the average $150K per quarter LQMT reports quarterly yet we see no evidence of) were those 200 pocket knives. No sales have been been recorded under 5 months of Li leadership.
I don't understand all the recent positivity because essentially this is happiness over a hazy view that LQMT could be on the verge of selling somthing, perhaps selling two things. Hazy because we don't know what it could be, whether it is profitable, or whether it is even a doable project--or should we say a doable box. Hazier still because we kinda know of these potential projects because of another company; a company in which the money may flow, not LQMT. I could understand a positive outlook if there were a contract, but LQMT ain't there yet.
You can continue making up imaginary future share prices, it will help ignore the fact this company has not sold anything for over a year and a half.
Are you saying Gorgol that Richard Miltner is the only man strong enough to stand up to Apple Inc.?
Incidentally those pocket knives were the last time LQMT had a sale.
Yeah, that long ago.....
I think it is because as a material, LQMT is very, very expensive.
I'm obviously not talking about the price per share.
I have mentioned my (negative) opinion the past couple days for a few reasons:
1) There is absolutely nothing else LQMT related to talk about. No facts, no numbers, no press releases.
2) As crazy as unicorns may post about positive subjects, mine is equally negative--and either one could be correct!
3) I'm just a guy. I'm not an analyst. Not a trader. I have absolutely no experience in small cap Pink Sheet stocks. I currently barely have a position in this stock--but that doesn't make my words unwise and perhaps they apply to your LQMT strategy and perhaps they don't.
4) LQMT is a sketchy, murky stock--at best. I think you buy LQMT for fun, using throw away money. All of us here are dreamers and as negative as I am I'm still a dreamer.
But to directly answer your points. I think Steipp exited stage left and felt good about it. I think he had bad conscious at every CC, because it was all bullpoopie. I would not be able to do what he did. So Steipp quits getting his $800k a year salary but he also won't have to answer to the Feds. And...Steipp can now sell his shares and not have to file a disclosure or answer questions why. He is smiling.
Chung's additional buy-in? He wants to cash in on the next big uptick. I don't think it's a play on what LQMT can do or the material itself. I think it's a play on a contract announcement and that stock price goes to $1.76 again.
Let me give some hopeful words. I don't think it will make a hill of beans difference if your average price is .06 or .15 or .25 or whatever. I think there is upside to this stock hitting some high amount where that difference between a .25 average or a .06 average is inconsequential. I think what we all really need to do is monitor the company at this pointe; there is no better place to do it than here (or get a job in RSM) and you'll catch that upswing. But remember that upswing is not based on the material itself, or sales, or profitability or any other typical stock analysis; it's based on a bunch of new investors jumping on board and bidding up the price. Other than that LQMT is ONE BIG SCAM.
I think the reason of buying a new building and machines is because of Trumps early words. Therefore if a contract is landed with a US company and the widgets must be made in the US, then it is manufactured by LQMT at the new plant.
If a contract is landed it there isn't the made in the USA requirement--it's made by Eontech in HK.
Using my theory, General Li "buys" LQMT for $63.4m. As the president and majority shareholder, he also gets to spend the $63.4m again, buying a building and machinery.
Keep in the back of your mind that at any time as the president and majority shareholder General Li could quite easily close the doors on LQMT. Send the machines to HK, fire the employees, and lock the doors.
Good luck to an investor based lawsuits asking extradition from HK; particularly if the China/US relationship gets poopy--as 45 has already begun to do through tough words, the early pissing off of China by talking to the Tiawan president on Jan 21st, repeal of the Asian trade agreement, and now threats to go to war with North Korea (which China has strongly disagreed with).
I'm just say'n....
We can disagree but....
You don't think Eontech employees and engineers have spent or are spending time in RSM???
My working assumption, and this is not fact based but just my wild imagination: General Li did not INVEST $63.4m but rather BOUGHT the LQMT company for $63.4m. Therefore he can do what he pleases with it (....and that includes ceasing operations overnight at some point in the future). That being said, I see General Li with much, much more motivation to continue Eontech as a great company; not make LQMT a great company. Therefore LQMT technology will "leak" to Eontech in Hong Kong.
Let's face it, once you know the recipe it will certainly be cheaper to make your own LQMT in Hong Kong than it is to buy it from Materion? I'm sure there are plenty of Far East mold makers so Moldcraft is out of the question. And if you own a Green Mystery Machine from Engle you just insert the LQMT cylinders in the one side and VOILA! out pops your LQMT widget out the other side. It's that easy, right?
So tell me why anyone would think Apple can stop this? Tell me why General Li is going to put in long hours and pound the pavement in RSM?
Call me crazy but what can 45 do to stop this scenario from happening? Nuth'in.
I can think of 63.4 million reasons General Li "bought" something. Something he plans on combining with his overseas business, a business that has nothing to do with we shareholders.
General Li did NOT need to spend $63.4m; he could become a majority stockholder for less. Pair that with an empty CC.
This guy is going to take the technology to Hong Kong; ever consider that???
For those that are unaware of Steipps accomplishments, Let me list Tom Steipp's LQMT accomplishments:
1) Took a salary of $800k a year plus unknown insurance and benefits for 6 years.
2) Diluted shares on two occasions.
3) After one Engle Green Mystery Machine sat basically idle for a little more than a year; LQMT bought another.
4) Conducted sales conferences and established partnerships in mold making and sales channels. None of which matured to actual sales, revenue, or profit.
5) Completed one sale of 200 pocket knives. Still unclear if LQMT ever got paid in full.
6) Attended the same trade shows for six years straight without a single tangible outcome.
7) Sold the LQMT personal electronics soul to Apple for $20m. All that $20m has been spent. And Apple has changed from an innovative, leading edge company to one that is 3 years or more behind in most personal electronic categories. Gone too are LQMTs hopes of ever again producing another cell phone body; the biggest market for a personal electronic device.
8) The same stupid samples were used and displayed repetitively over and over again. With the exception of the flag; all are about 10 years old despite about a $1/2 mil in Green Mystery Machines sitting in the warehouse.
9) There was one shareholders meeting.
10) Kept the expensive "old guard" of the Kang days on the payroll. Read: Buchanan, Bromage, Chung
11) Perhaps most disturbing: Persisted near complete ambiguity during quarterly conference calls. Whether it was for literally thousands of reported but unfounded RFQ's or "on the cusp" language or "we are negotiating with a major European automotive company" or the general evasiveness to questions by "analysts". All of which we shareholders in hindsight can comfortably say was 100% bull poopie.
Have I forgotten anything???
To all who think General Li is gonna turn the tide:
Please remember the same was said of Tom Steipp six years ago. 'Cause ya' know he was a Navy man, and no military man leading LQMT is gonna allow any lolly gagging around RSM. And Steipp is all business...and has years of experience and connections uplifting small companies to the successful stature they deserve. He has deep Christian faith. Steadfast and unwavering. So ya' know when Tom Steipp is focused things could only be successful....
Sound familiar???
No, nobody in the world who spent $63m even as venture capital would be happy with 0 return 5 months later. Nobody. Not even pharmaceutical companies would be happy.
I bet General Li is HAMMERED today
Not in St Pats celebration with friends but rather to forget and temporarily ignore that he spent some $63m and 5 months down the road there has not been a penny of return on his investment. Zero production. No contracts. Not even any RFQ's.. Just a small but daily eroding increase in share price.
Unfortunatly there is not enough Jack Daniels in the world to cover all our pain.
If the location of a new Center For Excellence is in Hong Kong or mainland China; your optimistic view could entirely change.
It is already difficult to see inside the doors of RSM, God only knows what will be (or won't be) going on overseas.
Dude-- you are so off base on the history of LQMT and the SIM ejector tool. What gives???
Liquidmetal and the SIM ejector tool (a glorified bent paper clip would be a better description) was written about quite frankly in the Steve Jobs biography. It'll take a bit to provide you the direct quotation from that book, I'm busy today.
This Apple product was made for a short time back in '06 or '07. No longer manufactured and because this old models of iPhones have been improved on and phased out; no longer a relevant product.
Your hopes, and let me underline HOPES, to have LQMT be used in Apple products are just that; HOPES.
When Apple products are broken down, I've only seen them to have a very thorough job done. Any LQMT found would have been noted.
All those patents whether they are for screws, speaker grills, or hinges for laptops are only in existence because there is a team of Apple engineers who do nothing 5 days a week but find was to apple LQMT to Apple products. The names are repeatedly the same at the bottom of the patents.
To think that LQMT is going to be used in an Apple product anytime soon only shows you clearly do not understand the culture inside Tim and Jony's Apple in 2017. As I have stated on this board before, todays Apple is a far different company than 3 years ago.
Li wants to produce something for the medical company he is a part of, DUH!
I think he should talk to CoNextions and ask why they haven't placed more orders than their initial order and how their sales are with their LQMT tendon repairer.
The new die cast machine is a toy to play with.
What are the odds we see BMG in an Apple product in 2017?
Absolutely Z-E-R-O!
I'm 52 if that impresses anybody.
My bad...Miltner Adams did offer knives numbered 1-300 only. And combing through the press releases I see no mention of production quantity.
I apologize, perhaps I mixed in some CoNextions special LQMT sutures in my 500 number?
Oh yeh, a guy would like to think that after 14 years, roughly 1,000 RFQ's, the Engle customer conference, a partnership and marketing with Materon, about 6 trade show appearances a year, a half dozen white papers focusing on different industries, an annual budget of about $3M, and on and on and on......somewhere in all of that nothing has come to fruition?
Two things have been sold in five years: millions of shares of stock and 500 pocket knives.
Absolutely true and let's add: new industrial technology takes years to be absorbed and implemented.
Rumor articles from 2014????
Dude....
A few words about Tim and Jony's Apple and the potential use of LQMT....
Let's get back down to earth with all this Apple/LQMT products business because that was wishful thinking and possible four years ago but todays Apple is a very different company.
1) Todays Apple in micro-managed by Tim and Jony. Everything needs to go across their desk and be evaluated and decided on. A look at the in depth 60 Minutes segment a year ago will tell you all you need to know about the inner workings of todays Apple. Despite a little over 100,000 employees that are the best engineers, most dedicated, or otherwise the biggest fans; they are merely minions. Every detail of the new spaceship, photos in the new coffee table book, or the design of the crown on the Apple Watch II are decided by Tim and Jony. Quite frankly their bravado has gotten in the way of Apple making great products.
2) Because of the GTAT letdown, Tim and Jony have found it much easier for Apple to be a services company. App Store, iTunes, and iCloud are very profitable and are the real drivers of the company. Unfortunately the way Apple publicly discloses revenue is as obscure as LQMT's.
3) Apple has less products today than 5 years ago and is decreasing it's product line. iPods are no longer produced. Apple's 4k monitors are no longer manufactured. Apple is no longer going to manufacture WiFi routers and Time Capsules. The last Airport Extreme has already been manufactured. Mac Pros (a unique product line that was best in class for 10 years) have not been refreshed in over three years and are also thought to be on the chopping block. A lot more than headphone jacks have been eliminated. Any look inside a Apple Store shows LESS products, not more.
4) iPhones are woefully outdated and are only playing a game of catch-up. All these wonderful things that are supposed to be a part of a future iPhone 8 have been done by Android, Samsung, Google and others about three years ago. Those phones have boasted larger OLED displays, wrap around screens, and graphene batteries for a couple years now. Apple is just now getting around to it. iPhone 7 was a real yawner.
5) Amazon's Alexa is the voice controlled interface that's popular, not Siri.
6) Apple Car, if you believe the rumors, has changed from a full-out automobile to "maybe we will just write the code for autonomous driving."
7) New iterations of iPhones may have ceramic, stainless, aluminum, or what ever shells. Apple will continue to make them in limited edition colors till infinitium; but I maintain Who gives a poop what color your iPhone is? Everybody puts a third party case over them anyway. Otter box has more influence what color your iPhone is rather than Apple.
Let's be frank, Apple is still one of the largest companies in the world. Still very profitable. They are going to sell iPhones and laptop computers in large quantities for the foreseeable future. But all other products??? I dunno about that.
To hope for a LQMT included product? I personally think LQMT is way too expensive and thought to be too risky at this point in time with current management.
Let's hope what ever General Li's gameplan is somehow trickles down some shareholder wealth.
Absolutely Spot-On Post Games!
Tim and Jony's Apple is much, much too self conscious to say just how blindsided they were by the GTAT spanking. That spanking hurt Tim and Jony real bad; REAL bad.
It fundamentally changed Apple and took all the innovation out of Apple. Sadly, new technology like LQMT are likely to never see the light of day because of GTAT. :0(
If Berkshire Hathaway sells it's Apple shares and Warren Buffett takes the money to buy Google and then turns around and tries to combine it with Dairy Queen (which is really held in the name of Berkshire Hathaway) then yeah, the SEC is going to have issues with that takeover.
"Shareholders of both companies are well informed"??? Please enlighten us how LQMT shareholders are well informed! I would say with my 6 years of Steipp experience that he played a very coy game of hiding and eluding under guises of SEC non-disclosure rules. Tom Steipp was less than forward with us shareholders constantly. 1,000's of RFQ's can't be wrong.
The reason the price is "high" is because there are new shareholders onboard. Shareholders who PT Barnum talked about. They think that the pasts month price increases are going to continue. Well, I'm forecasting they defiantly are not. I say they stay at $.20 till about March without any announcements; then all the new shareholders vacant their positions because they get cold feet.
Are you still waiting for that special conference call or is it just another LQMT broken promise?
Yeah, drones: drones are the answer. Or is it fins for missiles? O2 sensors for cars? Scuba equipment? Cell phone bodies? Medical parts? Dental parts?
Know what they actually did make with the $500K in Engle machines at RSM in six years? 500 pocket knives. 500 pocket knives that were sold at a loss and it is still unclear whether they got paid all the money by Miltner Adams owed to them. The paperweights given away at the shareholders meeting 3 years ago were also a success, kinda.
Let's not forget all the knives that are going to be made...
Let's keep our eyes peeled on those two Engle machines and on the Linkedin accounts of those currently employed by LQMT 'cause I'm beginning to feel the ground move.
The patent conflict has nothing to do with it. From what we have been told Professorl Li personally invested his personal funds for the LQMT purchase; if Eontech did it, then that is a matter for the SEC, get it?
I believe that the purchase of LQMT is really a cloaked Eontech takeover. And, in my opinion, can quite well take LQMT (from an investor/trader perspective) into some very dark places. The location the Engle machines would be very telling because I'm pretty sure an enlarged production facility will NOT happen at RSM but rather at a location overseas.
A couple things all of InvestorHub can be sure of: 1) Professor Li is NOT going to lose money on the LQMT deal (shareholder results may differ) 2) Professor Li is a busy guy; don't count on Professor Li with a 100% focus on LQMT 24/7 365. 3) LQMT was acquired for a specific purpose; very specific.
So you are viewing Li's purchase as really an Eontech takeover???
And thereby bluffing the SEC???
Nice find!
You bring to light a great point:
There are still old guard office holders at LQMT. Otis and the everlasting office secretary to name names.
At some level, General Li is going to have to contend with those employment issues. I guess he could give 'em the old Big Business "Your duties are now...." or "Your station of duty is now (someplace undesirable)" but who knows what their employment contracts say? what golden parachutes they may have? Or, if even General Li will follow US employment law?
Dismissal of the old guard might not come easy and it might be expensive.
I'll respond to you CIMA7:
Let's begin with the ability to summarize Steipps contribution in only 6 bullet points. In six years of service and at a salary of $800,000 a year. There are six significant accomplishments as follows:
1. Saved the company from bankruptcy. Largely by share dilution! Not revenue, Not sales, By selling more shares of stock at about 15 cents a piece.
2. Brought Apple onboard and signed the MTA. The partnership with Apple began before Steipp appeared on the scene. The MTA was under his stewardship. And the$20M paid for it was an important cash injection, no doubt. I maintain that Apple is a very, very different company than it was 5 years ago. How Apple values this former agreement remains to be seen. I am forecasting that the MTA and Apple are going to be a thorn in General Li's agenda and they are going to butt heads sooner or later. Even a blind man can foresee this happening.
3. Created a partnership with Engel. Yeppers, there certainly was a lot of effort by engineers to get BMG's from a spray-on application to be able to be cast during the Steipp years. But the fact is: there are 3 Engle machines in existence--and two of them were bought by LQMT for a total of $1/2 a Mil.
4. Created a partnership with Materion. Yes, under Steipp LQMT went from "we do it all", to a distribution network and sales training meetings, then the creation of a Center of Excellence and back to "we do it all", and then signed Materion as a distributor. Materion has sold how much LQMT in two years???
5. Brought Paul Hauck onboard as VP of Sales. Over the course of 4 years Paul Haucks contribution is the Miltner Adams deal. 500 lousy pocket knives that were manufactured at a loss. In addition, did Miltner finally pay they money they did owe?
6. Negotiated the $64 million dollar private placement by Professor Li. Yep, Steipp brokered a deal with an even bigger fish, a real whale. In that negotiation Tom Steipp made a way for him to exit stage left. Quietly riding off into the sunset with no accountability for six years of sketchy innuendos. Six years of hiding behind SEC non-disclosure laws. Six years of rumored work with Apple products, six years of rumored various medical and dental products, car parts, fins for missiles, a white paper on scuba parts, and on and on and on.... ***Allow me to give you all a warning about General Li. A lot of money? Yes. Impressive resume'? Yes. So impressive that I don't think he is going to devote 100% of his time on a daily basis to LQMT. He's a busy guy. Let's all admit that LQMT is a sketchy, pink sheet company. There is little hard, factual information to talk about. This problem will become worse under General LI. I find it extremely likely that General LI developes an enlarged Center of Excellence --in Hong Kong, or worse; China, not RSM. I think he will sort of marry LQMT and his other business holdings. The combination of Pinks, off shore business and manufactur, and the combining of one business entity into another....will make LQMT an even murkier business for investors to evaluate; if not impossible.***