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Challenge for the board: find out Engel's demo/road show schedule for next year and ask if LMT capability will be part of it .... Probable.
Exactly, they may be credentialed; but could use more objectivity, checks and balances, etc.
If only LQMT still held the rights to the CE market; but they don't.
Maybe in 9-12 months.
co. Needs to go private so they can do as they wish.
Nothing like friends and family to keep secrets close.
hopefully they'll be working on LQT night and day, 24-7, lol.
Good luck finding the references in CCs ( where some quality issues being over come were definitely discussed); earlier webcasts have been removed from the company website.
if VPC and LQMT were smart, they'd come out with a position on how they'll grow shareholder value.
The whole situation seems ridiculous to me; it's ridiculous that it takes this long and they still aren't generating any substantial revenue from parts sales.
I think the only thing that would matter would be outcome of the arbitration.
I'm sure that ppl have their favorites.
I don't know any of the people involved and don't expect to know them ever.
I do believe that it was misleading to investors, e.g. The "on the cusp" of a large contract, and especially if one of their employees expressed an opinion that business lost was small ( or something to that effect); it implies that there never was a significant potential contract to begin with.
If comments were made and were true it wouldn't necessarily be considered disparagement.
Steipp also said in the last CC that subject and proceedings of arbitration are confidential, so ppl, employees, etc. can guess all they want; mute points.
Any employee wouldn't be priviledged to comment, I wouldn't think, if arbitration is in progress.
There was a comment about "quality". I saw it or heard it somewhere. I thought I heard Steipp say something about "quality" somewhere, sometime back. It could have been in a CC, investor conference. I think I heard comments twice.
Don't quote me on this. Consider checking out yourself.
I also noticed that some media gets edited.
LQMT seems pulled between earlier quality issues and current needs for being associated with an ISO certified partner required to address business.
They may have lost business due to lack of it, and they may be better positioned for future business by finalizing it.
Telling the public that the size of business lost was small or insignificant or whatever seems "off the cuff" because it could minimize damages.
Not necessarily. The execs/management could be busy with something else and he jus posts.
It wouldn't be the first time.
I honestly do not believe that the lower level employees ( non-executive) are as calculating as implied.
For one, an R&D director, etc. knows that good lab work, R£D, patents, research, etc. can't be produced in the middle of law suits, scamming, etc. ( they need to stay focused on science).
As for OB, he doesn't seem sophisticated at all in terms of being a master at deception.
They're just employees; they don't make the decisions.
I think BV got in bed with LQMT because they are educated and experienced in areas that he isn't (he dropped out of college even though he is a smart successful man, etc.).
You can't fake physics, you have to rely on someone educated in it.
He was probably glitzed by the smooth talk and credentials like so many other intelligent investors but in other areas.
I agree with the comments about "secrecy" on the website, etc. It seems to me that a top secret project ( military, etc.) involving complex assemblies, would require "quality" standards ( maybe their own, e.g. ISO-plus).
Once Engel LMT ready machines become available, more doors could open.
Based on the suits, etc., shaky design of earlier agreement terms, etc., the golden parachutes, etc. .... It seems to me that Steipp and Kangs are good at putting themselves in the middle of a conflict and transaction.
Maybe they teach this stuff in military academy, e.g. How to strike a deal in the middle of a conflict resolution, e.g. Like Germany did at the conclusion of WWII.
Typical engineering types like to avoid conflict and produce a quality product ( non-military training) in the US at least. Typical engineer would also see conflict as taking away from being able to address real business.
What an environment.
Hearing about all these shaky arrangements definitely makes me want to think twice about the company regardless of the appeal of LMT.
So the availability of the LMT ready Engel machines will be a big accomplishment it seems because it can open new doors of a full range of potential customers that BD/sales staff may not even be speaking to.
What happened to LQMT's work or mention of "glasses" earlier. Any updates or new information.
It seems to me that LQMT has primarily focused on large companies because the BD/sales staff primarily comes from large company experience but more of IT backgrounds that don't really know material science, mechanical engineering, physics, etc.
But as soon as the Engel machine is LMT ready ( they know how, etc.), then once the machine is in the hands of interested potential customers, they they ( the potential customers) can come to their own conclusions without directly involving LQMT beyond licensing, feedback, etc., and maybe some consulting work to get going, refine, etc.
My view: big organizations could see it as "early stage".
If LQMT offered an " incredible" solution that could make a huge economical difference for a company with relatively low risk, they might forego the certification.
But if LQMT sales/BD staff primarily speak with the "materials department" (or component certification like at HP), a low/mid level employee would probably have ISO certified as a vendor qualification requirement before applications would even be discussed at length.
It seems to that LQMT could get past big company hurdles ( and complex applications requiring extensive redesign and test) by targeting a different type of company and applications.
I'm glad I didn't succumb to the "hype" and "hold on" even though pps made a new interim higher high.
Maybe it will " inch worm" it's way up.
If Engel/LMT capability will make it faster and less expensive to produce quality LMT based parts than before, then gate would open for simpler manufacturers that could get to market sooner than the larger aerospace type of companies:
- knives
- guns
- screws, rivets
- all the other type of simpler assemblies identified by
other posters earlier.
- pogo sticks ( for munchkins )
- trail bike rails (for toddlers, size restrictions, right)
- etc.
If this is so, it sounds like LQMT wanted to restrict VPC in an exclusively limiting arrangement.
To me, this speaks volumes.
Because LQMT has targeted large companies with complex assemblies ( aerospace, etc.) it is a considerable undertaking to redesign around LMT superior properties ( note that this type of redesign probably didn't occur n the original golf clubs; the reason the weaker shaft would crack).
It seems to me that LQMT might be better off if they targeted parts for customers that don't have such a strong dependency on a requirement for extensive redesign and testing of other assembly parts, and maybe this is why there is Swatch today ( simpler assembly in terms of actual parts that bond ( not watch mechanics).
By being greedy and going for the big fish ( complex to fit into it); LQMT has pushed out return on investment for long term investors and in the meanwhile has diluted shareholder value.
Maybe VPC has some "simpler" customers in terms of parts that could be produced; and maybe LQMT doesn't want them because it might require changing their agreement.
Any insights?
Let's hope they wait to resolve it until after the big drop.
This could be the beginning of stepwise climb in LQMT ( based on charts and if today is just one day to trigger stops).
We will see right.
What's your vote on direction given the unknowns that could be resolved one way or the other within months.
It sounds like LQMT lost some but maybe not a lot of business due to quality/iso ( also ); and that maybe the bigger issue is margins and control.
BV may be putting the squeeze on LQMT n more ways than one.
With Feb2014 right around the corner, if BV were to win the arbitration ( conjecture only ) and secure more shares as an outcome of settlement, would/could he then have enough shares to have a majority position in LQMT?
If LQMT needs more shares to offset BV, they would be incentivized to dilute as much as possible, right.
Down she goes, right; potentially lower share prices unless the hypothetical contracts, licenses, and certified LMT ready Engel machines materialize, soon.
To gorgol's point, the potential could offset the nearer term real possibility.
Your vote?
$dust is up over 5% today, $lqmt has dropped more than 8% ( as a comparison). Miners ( old science) and LQMT ( new science ) are both off today. Commodities are flat to midland.
if LMT were to over take gold and silver for jewelry ( forever, most enduring), at least today it is kind of following commodities => deflationary ( Europe ).
Just for grins. Real metals could take off again, 2014. Will it be the year for LQMT also?
Even if one is "living well", lol.
If you want real money, sooner, look at real metals 2014.
Requires diluting as much as possible between now and then. Guess we'll see if the market is up for it or if the potential reality of 2H2014 is either baked in, or to be baked.
rah rah rah, mid-year pump. let's do it again. once more with feeling, lol.
Even if it's good news going forward, some market participants could want to "shake down, shake out" to pick up more shares, fuel more, .... until a merger/buyout; why 1H2014 might be a trade first half year; pending VPC/LQMT settlement, etc.
What's a likely outcome?
Since some believe that most of the suckers have run off ( 3rd year dilution, etc....word gets around); might as well start posting substance now ( vs. hype, right).
Maybe, or he knows/thinks writing is on the wall and time will tell. They're set for an exit. The question is when. He sees it in 2014.
I'm up for hearing about it and a supposed July pump from semi-credible posting.
Who wins next year; real miners ( and commodities), or LQMT. We're betting on real miners. LQMT/MTRN could process their output later
Dust is up over 8% and it will be here tomorrow. Mining is old science, still works; Engel/LMT is new science with market to build ( notice where MTRN plans to increase mining for one of key elements in LMT). MTRN is old science and new science, where LQMT is part, vs. all.
I wonder if LQMT process patents (with Engel LMT machine capability) could be applied to process/inject other metals more economically and safely.
His disposition seems to be changing. Either he knows something or we wore him out, lol.
Follow GDX ( vs. gold).
Lifter, how do you get at 20.5? Could GDX go all the way to 2009 lows once 2013 lows are taken out?