Clean and sober from lqmt for 7 years.
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I'm on glide and hook is deployed.
Come on Watts!
There's only one aviator and that's a Naval Aviator.
Every line of this is correct.
Great research.
Watts, I will call tomorrow night.
You know that If sold for 30 days, you could claim all the loses and put yourself into position to defer future gains. Could you defer 500,000 in future gains?
There maybe no one better to benefit from this tax benefit.
Thank you.
I will still vote my shares as I was a holder on May 1
No across the board.
If I sold you a screen play and you went to MGM to make it you owe me nothing unless it's in our contract.
If you own the patent rights would you pay royalties to ourself?
My way of valuing AAPL's use, which will happen at some point, is to say we're bona fide.
When AAPL uses it the same result will come. We will shoot up and fall back till we show earnings. The biggest disappointing CC call will be the one after AALP.
I can't explain why but on this, I believe Tom.
Over the last three days I have significantly reduced my position. Here's why.
LQMT has 230,000,000 shares issued in common and prefereds A and B.
Tony Chung said to me on May 15th after the call,"80,000,000 autherized shares aren't enough".
LQMT insiders already have enough votes to approve 100,000,000 shares more. I expect most of these shares to be issued to insiders and to Visser. My bet is that Visser receives 80,000,000 shares for .10. LQMT receives $8,000,000
Plenty to get through 2014, new cars all around.
At the boards core is three Kang leftovers. They would never hire a CEO who would make waves. Visser will be brought on board with a massive sale of shares. This providing long term financing.
This is actually great. This means Visser has been fooled or knows this is going to go. Unfortunatly, we must endure a dilution first. If all shares are dumped I will look to buy at .06. If 80,000,000 shares are issued and the other 100,000,000 put off to the side I will look for .12
The case for LQMT is better in the long run but I think the summer will be a revaluing time.
I sold for these reasons.
I was not under water and significant profits were still on the table.
I never saw 100,000,000 shares coming. Issued or not you must devalue at least a portion of existing shares.
The securing of the debt next week may provide a floor around .25
Until shares are authorized or worse issued.
I hate that such a great technology is tied to these guys. They truly don't care about us. They may still make a real business of this, it could be too good a tech to die. An idiot can be the hall monitor. Let's hope our idiots can.
I made a huge discipline error. I never sold off half my position at 100%. This cost me five fold what I made.
It was ignorant. Actually, it was greed.
GLTALs
They simply have too many shares for us to out vote them.
Watts,
I agree on SYMM calls and will do that. I don't know if it'll work but would be interesting if one could speak to his impressions of him.
The saddest thing about this is that these guys have a real shot at greatness. It doesn't seem like they recognize it. Steve Jobs gave them other chance, he thought so highly of the technology that he guaranteed it was his, and these jackass find a way to snatch defeat from the jaws of victory.
No response out of Visser.
Have a good weekend.
Got my proxy. Any guess on how I'm voting?
My theme will be NO this year!
I still can't believe how many of you think adding 100,000,000 shares will help.
OOO,
Thanks for the info.
ob22,
If I could wake up to accepted, sustained sales, for a few years in row I'd be happy.
Right now it's a dream for another quarter.
I think the loans were 200k 200k 300k. The 300k coming right at he end of the 1Q. So, only 400k+ in Visser loans for the 1Q. They cut 190k R&D, 300k stock awards, and 300k out of general.
One of the few good things about the earnings is that they are getting on a beans and rice diet on the expense side.
Margins were crazy high too but that won't last.
It would be nice if Visser was on the board. Lose a Vice-President and his Salasary. We need to be represented on the board.
Vote NO on Salas, NO! on authorization of more shares.
Yes on HULKSTER for staying strong.
Exactly.
They are a private company and couldn't careless about a web site. I'm shocked it's there at all. They need no sales or promotions when they are the contract manufacturer for LQMT. We are their sales arm. It's what we do.
Watts,
I read the Executive Summary this way. You are completely right about sharing of know how by AAPL
with LQMT through 2014 and there after at AAPLs discretion. This is invaluable to LQMT's prosperity. Long term this is what makes LQMT. If it can get funding.
AAPL's not known for leaving anything on the table. I could try to read that MTA but never really understand it. It's written that way. AAPL will go Materion or whoever to produce ingots, most likley a company in the East to make this chassis.
They will say mix us this formula and pay no royalties because they own the right, forever. We have the patents in our company over here.
I have no doubt the iPhone will be largely constructed of LQMT. I look at commodity prices and knowing how AAPL likes to lock down supply. The Engel ramp up in Asia. I know AAPL's going to blow minds with this material. Waterproofed down the road, indestructible.
All our partners are skill players and we're just the sales force now. They don't need the cost of a chief scientist because he's working in the lab of his dreams. He will be helpful in the sharing of knowledge in accordance with the MTA.
The takeover I imagine is by Visser, he loans cash, he's in less than 700k + 2.2 or so for the 7,000,000 shares. That's less than 3 million and he's got the ability to lend as much as he wants. As much as it's worth. I vote Visser on my ballot for board. He's got more skin in than any of us. Would he serve if we could remove Salas?
Would he help?
Crap day with no Hulkster either. He would have been great! Bro, brother, dude, where are the Hulkster's sales? He would then go through the phone magically and begin pile driving Salas screaming, "Where's the sales brother, the Hulkster wants to know?" Tony tripping Tom while running for he life. Dreams.
We benefit if we have good management.
OOO,
I don't believe we will ever see anymore direct revenue from AAPL. I'm convinced that the rights they own absolve them from paying any royalties to LQMT in the future. Nothing. I believe if you relisten to the CC you will hear Tom say as much.
I still will stay long because of other opportunities but anyone in this for AAPL will be disappointed at the lack of revenue.
The day AAPL brings out it's first LQMT product we will get something almost as good as money but not purchasable with money. We will be bona fide. That will open us up to many more customers and improved manufacturing methods as word of how AAPL does it comes back home. Maybe somewhere down the line Visser gets big enough to do contract work but AAPL owns the rights and will not pay LQMT royalties. Tom said that directly today.
The CC confirmed the great barriers to entry even when we come off patent. Some of the same barriers I asked Watts about last week. Our patent maybe for x+c+v=b but while producing it we found out that a dash of z makes all the difference in the world. It will take those receiving the patent for free years to figure out it's z that's the secret in the sauce. He also mentioned certain recipes.
Look forward to hearing what you can get out of Tom or Tony tomorrow.
He's not clueless and I appreciate him taking the call.
For me the fact that we have no chief scientist is the greatest tell on APPL's use of LQMT. The answer he gave me confirms our CS is now at AAPL. That can't hurt and if you note in the filing today reduced payroll in R&D. He knew where I was going but had to answer if we still have a CS.
The only thing I wanted to know and forgot to ask was about Dr. Johnson's new plunger system at 500-600c. Not sure he would even know that answer.
Watts,
2) When they were speaking of this the price was higher. He is more worried about right now than Oct. I believe they are looking at many/any way to pay. My question was are they(SAGA) open to shares and he said yes. Nothing is settled.
3) I did not ask about Visser. Visser holding so many shares he can't be crazy about dilution. I see Visser as in for a penny in for a pound kind of guy. I derive this from his actions.
I just spoke to Tony Chung at LQMT. He was kind enough to answer these questions.
Do we still have a chief scientist?
"No, not in name."
When asked specifically about W-----. (I don't know how to spell the former chief scientist name.)
"I can't talk about anything related to Apple."
Are we planing on how to pay SAGA?
"We are working on different ways and we still have till Oct to solve this."
Are they amenable to shares for payment?
"With the run up in stock price we are discussing that option. Nothing is settled."
We have shares to prevent a take over why do you need more?
"We have 230,000,000 outstanding if you count all preferrers. That only leaves us with 80,000,000 to pay debts and keep the operation going. We don't want to dilute past 310,000,000 but we may need the flexibility. I hold shares and none of us here want to see dilution."
This not verbatim but is close and the points are an accurate representation of his comments. I pass this on to you all and with the disappointment of this call leave to make your own judgements.
I'm still long.
Understood.
LQMT has 150,000,000 currently authorized but not issued shares.
Vissior sits on 7,000,000 + shares himself. He has more reasons to fund than to not. He has more clarity on the prospects than any of us. He's funded in the past and he will in the future. If he cuts funding he's cutting all investments made to date. At the very least that's 3.5 million.
The company needs no more shares than they already have to continue. A take over at this point is a pipe dream. I wish it were a problem to worry about it's not.
Agree with many of your thoughts here. Don't know what the price will do but upward seems optimistic.
I ask all of you who hold on to your shares to VOTE DOWN THE ADDITIONAL SHARE REQUEST. It's not needed now.
Additionally, I will be voting NO to the election of R. A. Salas to another term on the board.
Thank you, I really appreciate your actions, ob22
Me too.
I rarely speak of investing to anyone except my wife and kids and only to the kids in a teaching way not in a actual positions or assets way. The reason for this silence are endless.
If it is heavier than the aluminum used in the MacBook I would be surprised if it's used. My only complaint about the Mac book is the weight. I was thinking it's lighter but I don't know.
Dear Hulkster,
Please, Please, Please ask a question on the conference call. Bro, if you do it. It makes NBC, CNBC. How cool would that be?
Hell if it goes to $5 one day, you're getting asked about stock questions for the rest of your career.
The headlines read "Hulkster pins LQMT!"
Some Questions:
Ask if we replaced our lead scientist and who was hired to replace him?
Ask where the former lead scientist went to work?
The question's back ground:
Rumor has he went to AAPL.
I think it's best to establish if he left first.
*Tom will clam up if you ask the second question first.
Ask Tom about KEP and what he can say about the process?
If he'll be attending the conference on KEP in June?
KEP is a projectile for the Navy's new rail gun. A project that has been talked about now for over 5 years in relation to LQMT and may finally be coming to an end of testing and approval.
Ask if Tom listen to the MTRN call?
If you didn't listen to that call the Materion CEO was very effusive about the possibility of LQMT. It would be great to hear what Tom thought.
Glad your on board. We met in Atlanta once. I never realized the beard was make-up. I was new in the business and it caught me off guard. Two seconds later I thought when's the last time I went on stage without make-up. Life's your stage. Rock on, Brother.
PS.
Ask him whatever you want. I just gotta here the Hulkster quiz Tom.
Bro you're the f-in Hulkster! Let him know who he's workin for now!
BUT if you're an impostor, Sweet Jesus himself couldn't convince me to be in your thights when the real Hulkster finds you. The real Hulkster will put your head between his knees and pile drive you to death. Hope it's you Bro.
PPS.
Enjoy the CC everybody and don't watch this ticker all day. It'll make you do something stupid like sell at the lows of the day MM-007. Invest and go live. Be comfortable in your postions Bros.
"all I want to hear is Steipp announcing they are making money on products delivered and Visser is buying more machines to keep up with demand."
I second this with a small change, "has bought more machines to keep up with demand"
Everyman has to have a dream.
Questions for May 15 CC
1. Tom why did our chief scientist leave and have we replaced him? Why was this not mentioned in the March 30 CC?
My point of this is to find out if we have replaced him and with who. Also to see if anything about his current employer is forth coming.
Please add your questions and we'll see what we've got at the start of tomorrow.
I just went to the LQMT web site and there is no indication on when the call will be. It could still be on time or late. My point is we don't know. Why speculate?
One of the beauties of being an investor is not having to watch hourly, daily, weekly, or dare I say it monthly. Everyone shut off your computers and have good weekend. Mine started last night. Read you soon.
GLTA longs.
How many days before earnings/cc are they required to announce?
I know AAPL has not released iOS6 to developers yet. It usually proceeds the hardware release. I would put zero faith in a Verizon saleman.
Would like for you to be right.
Thanks Watts
Watts,
How many cycles before cleaning?
How do you know to clean? By product rejection or a set schedule.
How long does it take to clean and reset?
You think in June they achieve break even rate?
ICC,
We agree about a hellva lot more than we disagree. I mean nothing personal and I apologize if it came of that way. I've read your first post that started this and I don't understand. In my mind it is simple math.
Better day than I expected. See you in the coal mines.
It will take some time for me to process your post but after attempting to refute the logic of authorizing more shares all night I believe I have lost the battle.
Most seem to have no worry about this under the guise that this will save us from take over. I could not disagree more. Please see post 6950
Thanks for your PM and I'm all for the removal of Salas. You can count on my support in anything that will hasten his departure.
BTW this is an atomic wedgie
If we agree that 160,000,000 shares are currently issued, how is it that issuing the remaining 140,000,000 shares to guarantied yes votes doesn't prevent a hostile take over?
I know the BOD holds at least 10,000,001 shares to provide them with a majority of 150,000,001 + the shares you and I hold + the many longs on here that have no intension of missing the true value of this company.
Authorizing more shares is unnecessary and foolish given the history of the company. New CEO or not the company is still littered with Kang's gang.
Rational and concise.