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You should just go read your last 100-200 posts, Eagle, to see who you sound like. Actually, your persistent negativity is indescribable. I hope you have a reason for it and it's not just your demeanor.
Please do. That would be a great service to all of us on this board. Thank you. Rick Stevens
RichardWStevens $1.1 million
The specs at that link say the Hinge is made of Liquid Metal - Hubble Phone
Build Front/back hybrid-glass-PMMA,Titanium Aluminide (TiAl) frame, Liquid Metal hinge
The specs at that link say the Hinge is made of Liquid Metal
With Eontec being suspended at 10% for two days in a row, I have two questions.
1. Is it detrimental to a stock's ultimate potential to be held back at 10% gains and will it persist on a daily basis until it reaches where it would have anyway?
2. What are the computer limits that will hold LQMT from a 1000% gain some day - do they exist and does anyone know the numbers?
Thank you.
OK I've read about "circuit breakers" on the market and limit up - limit down (LULD) on individual stocks over a $1. I guess that's the answer in the US MARKETS.
Any news? Up 3.5-4.0. 33%+
60000
someday I'll profit from this investment
we await with bated breath...
Yes, Eagle. Such good advice. For your health, and our reading enjoyment, sell your shares.
Thank you, Eagle. We're all uplifted by your replies. Happy Holidays.
Yes, my hand is up!
Good read...thank you. Love the "intellectual humility".
from your mouth to God's ear...
Exactly BBboy. Good post.
Wow, Eagle. Almost a positive post. I know you couldn't help yourself with the "Big If". It's ok. You're only human. Happy Thanksgiving.
Yes, BBboy...that's the hammerhead on the nail perfectly.
Look at the picture of this device...special metal. I can't paste it so google the device.
B&H offers the Samsung 128GB BAR Plus USB 3.1 Flash Drive for $24.99 shipped. Also at Newegg and Samsung direct. Today’s deal is $15 off the regular price and a match of the Amazon all-time low. In a world filled with plastic flash drives, this metal option from Samsung stands out from the pack. It features up to 300MB/s read speeds and a minimalist design. Rated 4.2/5 stars. If you need more storage, but don’t require the latest speeds, don’t miss this offer on a two-pack of 32GB flash drives for $14. Need a USB hub to complete your setup? Today’s Amazon Gold Box has you covered.
Samsung BAR 128GB Flash Drive features:
* 128GB Storage Capacity
* Max. Data Read Speed: 300 MB/s
* USB 3.1 Gen 1 Technology
* Minimalistic Design
* Water, Shock, Magnet, Temp, X-ray Proof
* Redefine everyday file transfers with speeds up to 300MB/s
* Reliable and secure storage for your photos, videos, music, and files
* Rugged metal casing for durability with key ring to prevent loss
Good for you, Eagle. A nice post. Thank you.
Oh, Eagle.
I wonder if this revealing statement is worded properly about the company names.
I cannot share concrete proof of any of this with you—yet. But I’ll leave you with this thought: after I read the CYYT capacity limits included 50,000 tons of magnesium alloy die-castings per year — as indicated in the last sentence for the Foundry World citation, above — I don’t think I’m going out on a limb to suggest the largest producer of magnesium of the world, who has also meaningfully partnered with the CYYT on the debt side of the CYYT balance sheet, would ship its tons of magnesium to a CYYT competitor and not the CYYT syndicate. Fair enough?
Does Jason Bond mean "ship its tons of magnesium to a NANJING YUNHAI competitor". i.e. CYYT"
We're looking at the increase of assets of the CYYT. In my mind his paragraph regarding the smoking gun is not worded properly as to which company he means.
I read this article 3 times to understand the company names and associations. That line really confused the article in my mind.
The liquid metal mobile phone in the box era is coming? This company tells you the answer
As a top international event for innovative design and innovative materials, the “2017 International CMF Carnival and World New Materials and New Technology Exhibition” will be held in Shenzhen from November 2nd to 4th, with a scale of more than 20,000. In the same period, TTF Conference, CMF Summit Forum and many workshops will be held. tens of thousands of brand terminals, design institutions, materials companies, processing and manufacturing, equipment manufacturers and other professionals will gather in Pengcheng to enjoy a material, process and equipment. A feast of integration of professional CMF industry exchanges.
It is reported that Liquid Metal Co., Ltd. will appear at the "2017 International CMF Carnival and World New Materials and New Technology Exhibition" and bring a dazzling and colorful liquid metal mobile phone model.
There is only one day left until the iPhone X pre-sale on October 27. However, the online exposure of the iPhone X was only 12 million units. It is rumored that the iPhone X will officially go public during the official listing period.
iPhone X
Image from the network
Like the iPhone 8/8P, the iPhone X's back cover also features a glass panel, the most durable glass material on the iPhone to date, with a 50% thicker reinforcement.
Unlike the former, the iPhone X replaced the middle frame material and replaced the 7 series aluminum alloy with stainless steel called "surgical grade" by Apple. In addition, in the deep gray ash model, the "physical vapor deposition" process is used to ensure that the color of the stainless steel frame is consistent with the color of the glass.
The new technology used by Apple mobile phones will become the development trend of mobile phones. This time, Apple's return to the appearance of double-sided glass + metal middle frame will lead the transformation of the whole industry.
The battle for medium-frame materials, liquid metal has become mainstream
Aluminum alloy has always been the protagonist of the middle frame material of mobile phones, but with the requirements of full screen technology, wireless charging and 5G, the space requirements for metal middle frames are getting narrower and narrower, and the strength requirements for metal middle frames are also higher. Aluminum has insufficient protection for the glass, and its own insufficient strength results in easy deformation of the extruded glass, resulting in fragility of the glass.
Compared with stainless steel or aluminum alloy frame, liquid metal has performance and price advantages. The strength of liquid metal frame is much higher than that of stainless steel and aluminum alloy. The most significant advantage of this material is high strength, high hardness and high resistance. Grindability, while being thin and light, can also protect the phone from shock and screen damage.
Strength comparison of other materials with liquid metal
Hardness comparison of other materials with liquid metal
In addition, the liquid metal is formed by injection molding at one time, which can meet the molding requirements of some complicated structures, and because the molding process is close to "net forming", less post-processing is required, which can effectively reduce the post-processing cost. At present, the price of a liquid metal mobile phone frame is about 120 yuan to 150 yuan, which is cheaper than the stainless steel frame and aluminum alloy integrated frame.
The comprehensive screen and wireless charging trend led by the iPhone, the coming of the 5G era, the application of liquid metal with excellent performance and cost advantages in the frame of mobile phones has matured, and liquid metal will become the terminal device in appearance materials. One of the mainstream.
At present, some enterprises and units in China have liquid crystal mobile phone middle frame research and development and production capacity, including Yi'an Technology, Dongguan Yizhen, Changzhou Shijing, Liaoning Jinyan and so on.
Yi'an Technology Liquid Metal Middle Frame Molding Machine
Translation:
The world leader in the liquid metal industry
Since the 1990s, bulk amorphous alloy materials have received extensive attention not only in civil applications, but also in the military field, which has attracted great attention from the world's military powers. The world's major industrial powers have invested a large amount of Human and material resources are applied to the development of various bulk amorphous alloy materials.
Based on high strength, high hardness, scratch resistance, wear resistance, non-magnetic properties, bulk amorphous alloy materials are mainly used in military, space engineering materials, precision processing, sports and leisure products, electronic product housings and medical equipment. . In addition to the above applications, the higher-end ones are the US Army's warheads that use liquid metal for armor-piercing projectiles, NASA's solar wind collectors on the Genesis spacecraft, and BP's drill bits for drilling platforms.
Liquid metal application range
With the commercial application of more and more amorphous alloys, the industrial conditions of amorphous alloys have been basically mature. In order to accelerate the industrialization of amorphous alloys, many enterprises and research institutions in the amorphous industry have also embarked on the road of joint development.
Thank you. I told Google to nix this address and gave the correct one.
I also saw a Liquidmetal Technologies at 100 Tampa St, Tampa FL. I checked MAPS and it's not listed there as a business. Does anyone know about this location? I'm only 25 minutes from Tampa, and might just go take a look.
I just noticed the listing says it's a laboratory.
I'm certainly not a "trader", but I think we've bottomed out; revenue, stock price, attitudes. With the blog the other day, we're seeing a glimmer at the end of the tunnel. No reason to agree or disagree with me, it's just a feeling after having been here for many years, waiting. My hope, however, is that we see significant share price improvement as others see the potential in this material. I needed to say this this morning. Have a good day.
Bruce Bromage said this in one of the blogs in regards to the 4000A power:
For the near term, our AMM and MIM molding systems are not impacted, nor are any of our secondary processing equipment, including CNC machines and waterjet. We can work around the impact on MIM de-binding and sintering processes for now, but we need the power upgrade to support MIM operations fully, as well as planned additions of AMM and MIM machine
I've submitted about four questions to LQMT as an investor and over the last year I'd say. I've never once received a response. Not even an acknowledgement that I reached out to them. Here's what's on their website after submitting a question.
DROP US A LINE
How can we help?
Thanks for contacting us! We will get in touch with you shortly.
Oh, Eagle.
All good posts Treshold. Thank you.
Li said be patient. I think he meant that and it isn't necessarily time yet to think that he lied.
Agreed MakingMine. Good post. Thank you.
I'm a believer and have been for many years. I'm still willing to wait. Long and strong.
I received an email from LQMT saying there was a filing, but again, the link went nowhere. Does anyone know if there was a recent announcement or filing? Maybe just the date of their 2nd quarter was released...not sure.
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Shenzhen LMS Technology Co.,Ltd is located in Longgang district in Shenzhen China, is specialized in R&D, production and sales of liquid metal products in different industries and fields. Liquid metal (amorphous materials) as a high-tech metal structural material and new energy-saving material, is a strategic emerging industry strongly supported by our country. While Zirconium based amorphous (liquid metal) is an important part of the amorphous metal material New material expert, Professor Michael Ashby from University of Cambridge evaluated the liquid metal like this,`Since the discovery of thermo-plastics over 50 years ago,Liquid metal alloy is the most significant development in the...
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Jason Bond email...I don't pay anything. I just received the email.
Jason Bond
Good afternoon,
I) Introduction
II) Enter the CYYT Syndicate, Stage Right
III) Why Liquidmetal Has the “Fruit Company” By the Short Hairs
IV) Founder Securities Values LQMT at $1.45 by 2019
V) Disclosure
Introduction
It’s been nearly two months since I updated subscribers about Liquidmetal and the speculation surrounding whether Liquidmetal Technologies (“LM”) is/might be/will be participating in the Apple iPhone empire. Yearly about this time, the press ramps up the rumor coverage of Apple’s latest and greatest offerings. And this year is no exception.
In September 2018, 2018 iPhone, iPhone X Plus, iPhone 9 are expected releases, and has LQMT shareholders wondering if Apple will release an iPhone model constructed with some more amorphous metals components, or provide a strong hint of future models sporting the exotic alloy. In addition, of course, to the unveiling of a significant feature made from amorphous metals, some reference---any reference---of where Apple acquired amorphous metals technologies would no doubt spike LQMT on the back of the ‘ooh and aah’ effect of the vast press covering the annual Apple spectacle.
After nearly eight years since Apple purchased its first round of Liquidmetal Technologies (“LM”) patents, I fully understand the frustration felt surrounding how LM amorphous metals technologies had been good enough to prompt the “fruit company” to scramble and secure the Consumer Electronics market for these technologies by the purchase of LM patents for $20 million in Aug, 2010, but apparently not good enough to convert the subsequent exposure of the sale to more recognition and orders outside of Apple’s Consumer Electronics moat. I’ve read posts including pieces of information pointing to a possibility of a deal in LM’s future, then have read other posts including more promising information, and so on. Some of these post have added reasonable and thoughtful points, while others have added nothing but bizarre and sophomoric speculation.
This report not only clarifies facts about what’s happening in amorphous metals space as it relates to the mobile phone makers; it exposes an entire strategic plan involving LM, Eontec and many other obscure China-based companies jointly involved with LM in a tight syndicate of companies with financial ‘muscle’, massive capacity, experience, and track records of success with investors.
This report also discusses why this syndicate of China-based technologies, manufacturing companies and financiers are well-positioned for calendar 2019, the ‘crunch’ year prior to the official roll out of 5g connectivity technology in 2020, and how Apple likely has already responded by making a deal with the syndicate for the must-have amorphous metals technologies demanded of the market operating on the 5G fast lane.
With the rapid amount and weighty activity I found going on in throughout this syndicate, there’s no reasonable explanation for this near-hysteria speed at which this activity has undergone that doesn’t include a milestone deal contracted at some meaningful level by a global player of the size of Apple, Tesla et cetera.
Oh, you might now say, “Hold it right there, Brother Jason. We have seen no progress from Li since he competed construction of his LM facility last year.” And my response is resounding, “Au contraire, mon ami. Read on.”
And to my cyber friends who speculate Li will run out of money before LM gets off the ground; fails miserably with his pie-in-the-sky technologies no one is yet ready to adopt; or hides from LQMT shareholders in shame, I suggest you’ve not done a thorough due diligence. In these cases, I direct my disappointment to insufficient gumshoes initiative and usage of Google Translate as a tool for following the breadcrumbs of Li’s movements in faraway lands of Asia.
If my opining friends had performed the research necessary to account for the strange anomaly of an unknown Hong Kong businessman entering stage right of 19 months ago with a bag of $64 million, and squaring that spectacle with the subsequent zero, zilch, nada and zip by way of guidance (or at least a word of encouragement) from our believed Professor Lugee Li, they would have doubled down on their due diligence by spending four days (as I have) snooping into cryptic Chinese portals, deciphering registered disclosures and other documents written in the Mandarin language.
And what I found was eye-popping, suggesting to me Professor Lugee Li has been kicking some serious butt! And without edifying everyone to the Chinese business culture and the vast difference between business relationship forged by Western businessmen among themselves and relationships formed by Chinese counterparts, I present in this report the rest of what lies underneath the LM iceberg tip.
And Li’s journey and riches center upon Apple, with Tesla and medical devices manufacturers included as customers of equal importance to what I discovered about Li’s complete operation. My latest research started with ways Apple can solve its supply chain problems associated with the mobile phone market and the upcoming burst of the 5G technologies dam in 2020, and how LM is directly involved in Apple’s solution. And you might be surprised to know it will be Apple, not LM, who struggles to prepare for 5G and Samsung’s growing lead over Apple in the OLED displays scramble.
Enter the CYYT Syndicate, Stage Right
I realize what I just stated sounds outrageous. How can the master of business find itself under a barrel from tiny LM? Therefore, let’s get into some details about Professor Lugee Li’s syndicate, what I call the “CYYT,” and you’ll see a picture emerge that, when I saw the picture, it jolted me into the decision to more than triple my stake in LQMT. Like Professor Lugee Li and his Chinese syndicate cohorts, I’m ‘all in’.
Though not a name that easily rolls of the English-speaking tongue, the CYYT is the acronym I gave to the Chaohu Yi'an Yunhai Technology Co., Ltd. syndicate. The essence of the syndicate is a masterfully crafted, assembled and rigidly reinforced Li masterpiece version of Tesla’s Gigafactory, but only approximately 1/7th the size of the largest manufacturing facility of the world.
Located in China’s Guangdong Province, the CYYT is Li’s imaginative and exhaustive response to the supply chain bottleneck in amorphous metals parts supplies coming next year, directly caused by Samsung, Apple and Tesla, to name the top three global resources pigs of the Consumer Electronics market.
We already know the global supply of OLED displays is inadequate for Apple to offer OLED displays to as many iPhone models the company would like. We all know Apple is at risk of falling behind Samsung’s lead in rich display features possible with OLED; but Apple’s problem extends beyond OLED, far beyond. Apple (and other mobile phone makers) has been scrambling to secure amorphous metals components necessary for fully utilizing the life-changing benefits and undreamed of capabilities of 5G technologies.
In the case of the CYYT, Li has carefully positioned the CYYT for the next train leaving the station beyond the OLED capacity issue and additions of titillating ‘wow’ and ‘cool’ features captivating consumers of mobile phone industry; he’s positioned the syndicate for the ‘must-have’ features for those operating in the mobile space to not just thrive, but to survive the demands of the top-tier marketplace!
On Jan. 3, 2017, Foundry World (the only English journal to China’s foundry industry) provided me with the lead I needed to start my investigative journalism into the LM matter. The seemingly innocuous report stated:
On November 16, the light alloy precision die-casting project (Phase I) constructed by Chaohu Yi'an Yunhai Technology Co., Ltd. was completed and put into production. The main products are new energy automotive components, 5G product components and laptop shells. Chaohu Yi'an Yunhai Technology Co., Ltd. is a joint venture funded by Dongguan Yi'an Technology Co., Ltd. and Nanjing Yunhai Special Metals Co., Ltd., with a total investment of CNY 550 million and a building area of 75,000 square meters. The project is to construct a magnesium and aluminum alloys die-casting production base to meet the requirements of energy-saving and industrialization of new energy vehicles in China, and to vigorously develop lightweight automobile components. The main products are precision die-castings for automobile, rail transportation and consumer electronics. The project can annually produce 50,000 t magnesium and aluminum alloy die-castings once put into production.
Okay, so an unpronounceable company forges a JV with two other unpronounceable companies in China in a deal to include 75,000 square feet. Big deal. Oh, wait. That’s 75,000 square meters. That’s big, very big. But who cares?
After researching Dongguan Yi’an Technologies, I discovered the company is a subsidiary of Eontec. Ha? Okay, so I should have known that. But, after following this one lead, the web of alliances, partnerships and players involved with the CYYT culminated to spending last Friday and the weekend tracing all the subsidiaries, financiers, joint ventures and anyone, or entity, connected to Professor Li and/or Eontec.
At the end of this exercise, I had unraveled a list of players that I then had to wrap my head around so I can provide a visual representation of what the CYYT looks like. I’m still not sure if I got all the germain players and details. But what I did wrap my head around is the rough extent of the magnitude, reach, expertise and panache of the CYYT. After three days of playing FBI agent in search of a RICO racket, I felt further detail of the syndicate wasn’t necessary. All I know is, it’s huge and need to report back to my subscribers about what I found.
At the best of my ability at this time, I present an organizational chart of the CYYT syndicate, below.
Exhibit A
Copyright: Jason Bond Picks
In an attempt to visually show the relationship between members of the CYYT, I color-coded companies with direct relationships (I.e, subsidiaries or majority ownership), but I don’t think I did a good job of it. All I can tell you is, the web of integration goes far beyond a mere level of each company issuing gentleman’s agreements, referred to in corporate parlance as memorandum of understanding (MoU). Oh no. Multiple millions of dollars (not yuan) have been moved around, loaned, capital raised by the three kingpins of CYYT: Eontec (ticker: SHE:300328), LM (ticker: LQMT) and Shenzhen Anke, sister company of Analogic Corporation (ticker: ALOG) with a $1.05 billion market capitalization.
The chart was created after reviewing dozens of new releases (in both Mandarin and English language), official documents submitted to Chinese securities authorities, Chinese websites (if available) and equipment/parts retailers and wholesalers. And I know I haven’t reached the bottom of the syndicate, and likely won’t from the opacity endemic to privately-held companies (especially located in China), whose sizes should not be assumed to be small.
In short, the impact I want to make about the CYYT is not only the huge size, but the documents demonstrating the financial commitment made between each member of the syndicate indicates full commitment from each member, not a bunch of MoUs that can be ‘round-filed’ upon awakening one Monday morning.
More than 34 broker/dealers from around the globe met in China’s Guangdong Province earlier this year to assess the financial leverage required for a top-tier production capital reserves revolver for the three kingpins, who then disperse additional contractual agreements. It’s breathtaking, brilliant and the Chinese way of achieving the stealth necessary to supply arguably the two most secretive enterprises of the global consumer marketplace: Apple and Tesla.
And the natural boundaries of language, distance and culture goes a long way from inviting prying eyes. Last year, Apple fired 29 employees for leaking information to the press, with some turncoats facing potential criminal charges. Get it?
And the 'kicker' to this corporate skullduggery is: all CYYT firms have been approved, or implicitly sanctioned, as preferred, priority resourced and protected entities of the People’s Republic of China when Eontec officially ‘made the grade’ in March 2018 (untranslated PDF document from the China Securities Regulatory Commission, here).
In some cases, the privately-held companies involved with CYYT are massive, with one ranking as the largest injection molding machinery company of the world (Shenzhen Lingwei). And I cannot confidently tell you who the ‘boss’ of Shenzhen Lingwei is. His family name, too, is Li. Wonderful. How many Chinese have family names of “Li.” Needless to say, I couldn’t research him. But, with a collective manufacturing space of 75,000 square meters, these Chinese operations dwarf LM’s puny floor space, the latter of which is the amount of floor space dedicated to the bathrooms of the capacity of the CYYT syndicate.
Back to the syndicate chart, Exhibit A, the top three boxes represent the three kingpins of the syndicate: Eontec, LM and Shenzhen Anke, who hold 40%, 25% and 35% of the syndicate’s profits from CYYT, respectively.
The next level represents two boxes: CYYT, and the funding sources of the new syndicate.
What came out of this spider web of connections resulted to CYYT as a legal subsidiary of Eontech, according to Bloomberg and other sources I found on Chinese business sites. CYYT includes a collective investment among the syndicate of RMB 550 million ($82.6 million) and collective manufacturing space dedicated to the project requiring a mammoth-size of 75,000 square/meters (or 807,293 square/feet). And all of it is majority controlled by Li (65%).
And how big is 807,293 square/feet? Look at the photo, below, of Meyer Werft’s Building Dock II. This photo demonstrates what 678,126 square/feet of manufacturing space looks like. And to think, the floor space of CYYT syndicate is 19% larger than the space required for the operations of the Meyer Werft Building Dock II.
Exhibit B
Source: gCaptain.com - Meyer Werft Building Dock II
The brief description of each significant company of the CYYT syndicate list, appear below (except Eontec and LM).
1) Yi'an Technology Co., Ltd. (Eontec): One of the three kingpins funding CYYT; amorphous metals technologies.
2) Dongguan Yihao Metal Materials: Amorphous metals supplier; Received private placement capital from unknown company (probably Yi’an Technology Co. (Eontec);
3) Henan Zhongyue: large manufacturer of amorphous metals transformers; 750 employees; estimated capitalization $1.0 billion+.
Nanjing Yunhai: Funds CYYT. Amorphous metals supplier
4) Hong Kong Liquid Metal Co: supplier of LCD display technologies; Professor Li owns the company; size unknown.
5) Shenzhen Lingwei: largest maker of injection molding machines of the world; auto parts supplier; 1,000+ employees; approximate capitalization $1.5 billion.
Shenzhen Anke: formerly known as Analogic Scientific, Inc.; a Sino-US joint venture by Chinese Academy of Sciences and Analogic Corporation (ticker: ALOG). Shenzhen Anke is a mid-tier medical equipment supplier, including MRI machines and other multi-million-dollar equipment. 500+ employees; estimated capitalization $300 million.
7) Shenzhen Li'an Liquid Metal Equipment Co; unknown size; probably another Etonic-owned equipment company, but not listed in Bloomberg’s database.
So, what do I make of the discovery of this syndicate?
Taken from all the documents I’ve read, the syndicate has solidified its relationships, resources, capital and expertise, beginning in December 2016. And all the documents I’ve reviewed show some stock offerings, significant private placements, minutes of meetings, analysts’ comments, acquisitions, mergers, consolidations, and a deep sense of a structure created to obligate all parties via debt issuance, contracts and financial dependencies and/or covenants.
It was common to find and agreement between parties, then a debt issuance from one of the parties to the other, usually from one of Eontec’s companies, but no always that way. As I see it, the money bags of the syndicate are Eontec/subsidiaries and Shenzhen Anke (state-of-the-art medical equipment maker), with Shenzhen Lingwei as a big player providing large numbers of machinery, manufacturing capacity and expertise needed to implement Lungee Li’s technologies in the auto parts space (Tesla and GM?).
Why Liquidmetal Has the “Fruit Company” By the Short Hairs
But here’s the deal with Apple, who is the focus (I believe) of Eontec’s most cherished involvement in the syndicate. Along with Apple’s problem of securing adequate supplies of OLED displays, Apple and every other mobile phone maker have the problem of securing capacity for amorphous metals components for the upcoming launch of 5G and the explosion of the market for Internet of Things (“IoT”) 5G implies.
In an article entitled, “Catch GaN if You Can,” industry publication Microwaves and RF explains the vital importance of amorphous metals within a microwave environment of 5G:
Somit Joshi is senior director of metal-organic chemical vapor deposition (MOCVD) product marketing at Veeco Instruments. He says, “The ambitious scope of 5G promises to transform cellular communications, creating new opportunities for carriers and service providers. 5G is currently being planned with a vision of greater than 10 Gbps transmission speeds for mobile broadband (phones/tablets/laptops) and ultra-fast low latency for Internet of Things (IoT) applications.”
Joshi adds, “Today, GaN is slowly replacing silicon (Si) in specific applications (i.e., RF amplifier front ends of 4G/LTE base stations). Next-generation 5G deployment will involve additional use of GaN technology. Pre-5G, there was increasing use of GaN-on-SiC in the macro cell. 5G will bring in GaN-on-Si to rival GaN-on-SiC designs with inroads into the small cell space (micro/metro cells) before potentially overlapping into femtocells/home routers and even into handsets.”
The article continues with problems caused by the antennae of mobile phones not specifically designed for 5G, and the benefits associated with wireless charging, as the latter manufactured by AirPower reaches only a maximum capacity of a paltry 29-watts. And the rechargeable system is pricey. Amorphous metals address these problems and device enhancements well, but these technology-saving alloys come with an operational downside to the likes of Apple, Samsung and Tesla: adequate supplies.
The article continues:
“The most notable absence from the market, though, is the number of qualified 0.15-µm GaN-on-SiC foundries. This is something the whole industry is only too readily aware of as roadmap developments take shape addressing these exciting new applications.”
Oh yes, the foundry industry is aware of the opportunity to solve the mobile phone industry’s need for amorphous metals technologies. Many of the documents I read during my research of the CYYT syndicate discuss the launch of 5G and capacity shortage of availability of amorphous metals components in bulk. That’s exactly the motive behind Lugee Li jumping head-first to forming a syndicate eager to join Li’s ‘The Creature of Jekyll Island’ cabal of among the fiercest business competitors of the world.
Including Li’s majority interest in LM, the syndicate has invested nearly US$150 million, not including the indirect investment made by Shenzhen Lingwei to provide the BGM injection molding machines at USD$30,000 per machine. And CYYT will need hundreds of them. I estimate CYYT has committed a total of US$500 million to the project, including machinery, but not including capital revolvers from banks. At a purchasing power parity of 1.6:1 between the U.S. and China, the equivalent investment in the U.S. calculates to US$800 million.
There’s a Contract Somewhere in this Saga
After this level of activity, deals and structure building, can anyone suggest there is no deal with a Moby-Dick-size customer? The CYYT is a private and closely-held entity. Would the CYYT have to disclose a clandestine contract at the behest of Moby-Dick?
No. There is no legal requirement of the CYYT to disclose ‘jack diddly’. And maybe Moby-Dick likes it that way. I mean, Tesla chooses a Peruvian windshield maker over U.S.-based Corning to make its hush-hush Tesla Glass. Most of Apple’s products are made at Foxconn, a Taiwan company, but still managed to fired 29 employees for leaking information. Now, Li does the same thing, but I’m on to him.
So, for those posting on stock message boards opining about nothing going on at LM, you haven’t been paying close enough attention, or haven’t discovered where to look for information. While you’re watching for SEC 8-K documents from LM, the action takes place in China---right now. At this point in the CYYT syndicate, LM’s U.S.-based operation serves the group with an American sales office, prototype production and R&D facility, R&D facility, small run plant, and a 41,000 square/foot start to larger manufacturing capacity down the road in the U.S. LM is akin to a tiny front door leading to a full-scale, after-hours gambling operation in the basement of a daycare center.
So, when does CYYT deploy in earnest?” Next year. Next year is the last year before the roll out of 5G in 2020. And China leads the U.S. in the race to rolling out 5G. Therefore, it makes practical sense for LQMT investors to watch for an announcement about a contract award from Apple Computer, Tesla, GM or some other behemoth later this year, or early next year.
And sales coming in at Eontec next year, where LM receives 38.5% of whatever sales Eontec receives from the CYYT syndicate, will likely come from customers from target markets: Consumer Electronics (Apple), Automotive (Tesla and GM) and Medical Equipment makers (another product group often overlooked in discussions of the IoT market).
I also expect Apple to award the CYYT syndicate (through LM) the middle frame and back shell business, not later than next year, as Apple has almost no other option to exercise power of its purchased patents than award the CYYT contracts for components that are an easy layup for CYYT to deliver.
Remember, just because Apple purchased LM patents, these patent rights don’t suggest Apple can just make a deal with any of its existing suppliers and leave LM out of the gravy. There is none other in the world of nearly the size required by Apple, except the CYYT syndicate and its 807,293 square/foot capacity (1/7th the capacity of Tesla’s Gigafactory, by the way) who can produce bulk quantity of millions.
Founder Securities Values LQMT at $1.45 by 2019
Beijing-based Founder Securities Co. Ltd. (ticker: 601901:CH; market cap US$8.23 billion) issued a strong ‘buy’ recommendation on Jan. 3, 2018, and noted an estimate of earnings for LM is 2019 at RMB 0.09 per share at a PE ratio of 106, for an estimated stock price for LQMT of RMB 9.54 (US$1.45 per share), assuming no issuance of additional shares, the latest of which I think is highly unlikely.
Disclosure
Now, maybe we all can 'square' why Lugee Li appears so confident about what the future looks like for LM and the level of security he must feel with his $64 million LQMT play. And for full disclosure, I have increased my position in LQMT to 1.2 million shares, or $282,000, with my eye on beating Kyle Dennis this year as ‘top dog’ of 2018 and 2019. And I should, therefore, earn a night out on the town, courtesy of my star protege when New Years comes around.
The diary of a real $ trader,
Jason Bond
Special
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Yes, it sounds like they're getting very tired of producing quality prototypes for naught. Maybe this is all good. What's happened and where we're headed. I also thought Bruce's last blog was very encouraging for the 2nd and 3rd quarter, and beyond in fact.
God, Eagle, I wish you'd just cash in and leave. I had you filtered before, and it looks like I'll need to again. Your posts are always so doom and gloom. I sure hope your life is better than your posts here.
I agree completely, Paraclete, with both of your posts. I think the last blog entry was very encouraging, relating actual productions. It makes you wonder about some poster's objectives. Their message of doom and gloom, sell quickly, hardly seems as though they have my interests at heart.
I don't get that at all - that Matt is stumbling and disinterested. I thought the presentation was fine. He's also trying to address a probably diverse audience. They may take a different approach in the future, where one presentation is designed for neophytes and the other for engineers.