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The Oprah thing is a hoot! 13 years and still a recognizable name…..Must have been thinking about Whoopi.
Never said that I expected a windfall….If the piece of jewelry portion is $20-25, our cut would probably be in the $1-2 range if we are lucky. Only the most starry eyed unicorns would use $259 as the cost basis to calculate the royalty. Wrong….wrong ….wrong.
Expect nothing in Q4-2023 and maybe a very tiny amount in Q1-2024.
I don’t think that Apple will react to he introduction of the EVIE ring because the PR associated with a corporate behemoth squashing tiny innovative companies. Then there is Oprah Winfrey asking Tim Cook to come on her show to explain Apple’s rationale for denying the women in the US something they want. If Tim Cook appears, he loses and if he declines, he loses. Next thing Elizabeth Warren will be initiating a congressional look-see into the happenings. It’s a minefield.
Second point…If LQMT is making the ring (through Yihao), it’s a circle of metal with a cut out for something to be added later. The surface is aesthetically modified and it looks much like a piece of jewelry. Yihao sells it to a third party (with a cut to LQMT per the PLA) and the next party adds the electronics (from OSRAM in Europe) and sends it to Movano for marketing/distribution. Apple already has enough legal issues in China/Europe and it appears that they have been technically “scooped” by OSRAM.
Here is where it gets a bit fuzzy….OSRAM Health is Austrian but I think it’s the old Sylvania and both are somewhat connected to Siemens (confirmed) so it becomes Apple taking on Siemens…looks like a Japanese Godzilla movie!
The technology development curve for wearable health monitoring devices is moving very quickly and one must be careful lest you develop the second or third best approach to solving the problem. The jury is still out on this one.
Revelation….I just read the LiquidMetal “white paper” that talks about the radio frequency transparency of LM-105. The conclusion is that RF energy is easily transmitted through the amorphous material. I combined this with all the MOVANO patent technology to reach the conclusion that the use of amorphous metal for the ring is not just because it’s pretty jewelry but is actually a critical component that allows the transmission of the RF signal to the phone. This plays into the unique properties of the material that cannot be achieved by any other approach. LOVE IT!
Thanks for the succinct feedback….glad you kept it under 6 paragraphs.
Guess you missed this in early December….I picked up a small quantity of MOVE (<1000) after I read this. Another option without an expiration. Thinly traded…made me cautious.
Your comment reminded me of Robert Schuller (the TV evangelist) who needed $6 million to build his “Cathedral of Tomorrow” back in the 1960s ……he wrote a book about raising the money….” I could get one donor to give me $6 million or 6 to give me a million or a million to give me $6.” If it were possible to sell 5 rings for a $1 million each would get us to our $5 million goal.
OFF THE RESERVATION AGAIN!
Movano’s credibility as a supplier has been damaged by their inability to ship as promised. OK …they are scrambling to recover and the last thing they want to do is pick a future date that they won’t meet. The result is to leave it “up in the air” until they have better visibility. It doesn’t help their image but it keeps them from falling further into the abyss.
I really hope that the supply issue is just a product mix/logistics thing and not something more fundamental with the LiquidMetal or the electronics. The logistics thing is a better problem…too much demand!
Every SpO2 sensor I’ve researched uses an infrared beam (IR) to sense the oxygen and measures the attenuation of certain frequencies to infer the oxygen level. The Movano technology uses energy in the RF (radio frequency) range to make its determination and that is the basis of their patents. The approach looks to be unique so we will see how this unfolds.
I don’t think price was the issue/or the solution. Demand outstripped supply and everyone is currently scrambling. Modulating demand with price is the wrong approach.
So imagine you have a start-up company launching your first product and you decide to make 20,000 rings (representing $5MM in sales) . First problem …3 colors and 5 sizes so how many of each do you initially make? You will always be wrong in anticipating the customer demand pattern.
Second problem….logistics since the rings come from China and the electronics (Osram) are from Europe (at least initially)….hopefully the electronics will be only one size…compatible with the size 5 ring. All this is new and they need to work out the kinks. Total staffing is under 100 so compare that to an Apple when they can throw 1000 bodies at a SNAFU when it pops up.
Good news…everything is tiny so they travel by air very well!
MOVE only has 55 million shares outstanding with about 20% with institutions ….they will be needing cash for working capital to expand so I expect they will be issuing 10 million or so for that. Some dilution offset by revenue announcements next quarter. They don’t expect to achieve profitability this year so it will be volatile.
As you always say…price movement without volume means nothing. MOVE hit a low of $0.58 this morning and has rebounded. All on a volume of 7,000 shares. Patience Grasshopper!
The particle fusion part of the 3D printing of BMGs is the tricky part….how to fuse without destroying the amorphous structure.
It adds a second technically challenging step to the manufacturing process. Electron beam fusing takes a lot of machinery/expertise.
With the progress in the manufacturing process ( both moulding and material handling in and out/robotics) I bet the machines are obsolete by now. Would cost a bundle to upgrade and install so they will sit and get older…sort of like us. HaHaHa
So the Market Gurus say that the market size for BMGs in 2023 is $63 million! There aren’t enough Teslas, High End Watches, Lunar Explorers and guitar pins to support a number anywhere near that size. Where is it? Maybe it’s BMG projectiles for Ukraine!!
LQMT is connected to 3 of the 12 or so companies listed…it’s not that difficult to pick up the pulse of the business…. Zirconium sales haven’t skyrocketed and many of alternatives use platinum group metals which should be self limiting for cost.
How many of Yian’s machines are needed to make $63 million in product? I would bet that a $500-$700k machine better be able to process $3-$4 million of product to justify the investment. I’ve lost track as far as the number of machines at Yian but I thought it was something like 60. Something doesn’t add up.
Thanks for that clarification.
I think the original statement was “profitability by Watts’ 75th birthday” which was 1-2 years away at the time.
I can see Watts approaching LL at the OH and saying “will you be profitable by my 75th birthday?” LL (not knowing how far out that was) probably said something like “we hope so” and at that point we are in a “he said, she said” situation.
Don’t confuse Movado with Movano….Cook’s comments referenced Movado
Movano’s first shipments are in January so I have no expectation of revenue in the Q4-10Q.
Too much venom! Taper the caffeine and take several deep breaths…..do you have nitro in the house?
I really like that scenario and hope you have guessed the path forward.but lots of things have to fall into place for it to work. It’s maybe a little more plausible than Movano having an undisclosed agreement with Apple.
Jail….Really…..Has TC lied to you? Has he encouraged anyone else to purchase the stock? Did he force you to invest? Didn’t think so.
My point…exactly but we are tiny compared to $288 billion and CCP ownership is “fuzzy”.
Changing the subject to something important…Did you see yesterday that China wants to invigorate its economy by repatriating $288 billion of Chinese assets being held abroad? They are talking about assets of state controlled companies. At this point, it just a proposal but it is sort of “pulling your wagons in a circle”. Their growth rate is falling and panic is spreading.
Or 0.1% verses 1.7% of outstanding shares. I think 16 million shares is our second largest shareholder unless someone is hiding in the weeds.
Good research…In the March 21, 2020 to April 5,2020 timeframe approximately 25 million shares changed hands with a price of $0.12 on 3/21 and a price of $0.12 on 4/5. These are FACTS….but assuming that it was JB dumping doesn’t compute. If someone was to try and sell 16 million shares in 2 calendar weeks, the price would plummet. There was obviously considerable coincident demand to soak up all that volume. Do you have anything like a “Raging Bull” recommendation that coincides with this time period to explain the demand…I doubt it since he was under severe scrutiny in this time period.
It just doesn’t work for me.
Don’t think it will impact the Q4 results but may get us toward cash flow neutral in 2024.
I’m aware of all of this. Guilty of “aggressive marketing” paid a fine and is still in business. It doesn’t change the fact he has invested $1.6 million to purchase 16 million shares in LQMT. There are many other places to park your money.
Everybody seems to focus on TC’s purchase of something like a million shares and putting up $50k+ of his own money to do it. I would rather consider why Jason Bond has accumulated something like 16 million shares at $0.10 for $1.6 million. The naysayers like to call him a “crook” or “not too smart” but nevertheless he has put his money on the line. Personally, I think he is very knowledgeable and has developed insight into the potential for the technology. It’s a big commitment and he is waiting patiently.
Low oxygen levels are indicators of COVID or RSV and I see that as very useful.
This could be really dangerous but then again there could be a career in politics!
There was a technical hoax many years ago where a scientist wrote a paper describing something called a “Bolognium Ion”. It probably didn’t help his career.
I love it! Really good science fiction writers weave just the right amount of factual material/recognized science to create a believable storyline. They take truth and extrapolate it to make a plot that sucks the reader in. Certainly, TC has built the LiquidMetal Bitcoin Miner (LBM) and has secretly installed them on all Lexus vehicles. He and Elon are splitting the $50k/car to finance their other ventures. Super.
I have heard that the GigaMachine moulds the rear section of the Lexus body around the LBM to prevent detection. The communication with the LBM apparatus uses RF technology disguised as an EVIE ring. Recent Lexus purchasers have received a free EVIE ring with their purchase.
Maybe the same characteristics that attracted investors to LQMT (such as optimism and positive attitude) are those that self-select for longevity. I’ve always thought that I was the oldest here at 82+ especially when Watts kept talking about 75.
We need the movie…”No Stock for Old Men”. The audience is limited for sure.
Sometimes, comic relief can be useful to combat the sameness of Winter. Even if it comes from an octogenarian!
One analogy I like when thinking of LQMT is….” It’s like a coiled spring and about to pop”. Then I jump to a peanut in a can which morphs into a “Silnky” coming down the stairs. Problem is a “Slinky” can only go down the stairs…not up.
A Bitcoin miner uses too much juice….I was thinking tulips.since Spring has to be just around the corner and tulips had a big run a few centuries ago. The chart looks ready to break out!
The only requirement to post on this board is a pulse and everyone has the same level of credibility…very low! I would put it about the same as current political ads here in New Hampshire.
OK I read everyone’s posts for entertainment but you are driving me nuts…not the content but the reference to “light years” as a length of time. A light year is the DISTANCE that light travels in a year. Light travels at 186,000 miles per SECOND so a light year is a very long distance…..6 trillion miles.