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Hinges? Are we going back to the future?
http://ir.liquidmetal.com/news-releases/news-release-details/liquidmetal-technologies-receives-order-new-samsung-mobile-phone
From 2004 - 2005 (or there about), LQMT made over one million hinges for a Samsung flip phone. Due to misstatements in SEC filings, it’s difficult to know how much revenue that really produced; but it certainly wasn’t enough to save the company from a massive downhill slide (from ~ $4 a share in 2004 to 5 cents in 2010).
One benefit of CIP was that Apple would take care of infringements on the patents. Or so I thought. While they have no interest in protecting the LQMT brand, some of the supposed infringements involve CIP patents. So where is Apple in all of this?
It’s an OLD story. I first reported the issue of trademark infringement back when TS was CEO, and Kang was trying to sell “liquidmetal” cutlery.
The good news is that if the Liquidmetal brand didn’t have the potential it has, the name wouldn’t be worth stealing.
From the new blog entry:
Visiting our booth will give you the opportunity to hold amorphous metal in your hand, and experience the advantages for yourself. You’ll receive a demonstration part – two identical pieces that lock together, demonstrating the precision, durability and finish of Liquidmetal.
It’s not a problem for Desktop Metal, or for Koch, who just invested half a billion in that company.
Most invested in the idea hoping to get rich. Very few knew more than that.
As a rule, Instutional investors do not invest in penny stocks. The institutional investors who held/hold shares in LQMT are a rare exception.
I just realized who I'm sounding like!
Which event came first? The Eon/LQMT territorial agreement of Li’s Pledge to turn his shares over to Eon?
I could be wrong, but IIRC, the pledge preceded the territorial agreement. If that is the case, why go to the trouble of arranging for such an end run around an agreement that didn’t exist, and then signing the agreement containing limitations that could be run around?
I hope my memory is faulty. If it’s accurate, than the end run theory doesn’t make sense.
I know Li will make money!!!
Excellent post. Thank you.
Spoken like a Man (old or otherwise).
You tell it like it is, Bro!!!
Li and the LF crew is on life support right now (regardless of the $30+M that may still be left).
Monday Morning Quarterback part 2:
I believe 2017 will mark the beginning of a golden era of the amorphous metals industry.
Joshuaeyu, your posts are definitely double the fun to read.
Why the hell is LI letting them burn though all the cash without not even a hint of urgency ?? .
Why isn't this over 15 today like I promised.
Nice read, but it says NOTHING about LQMT and consumer electronics. The only thing one can draw from the article you present is inferences— NOT Facts.
When the LQMT website references CE, then, and only then, will I believe the story so many here are trying to sell.
Well said. But I don’t think the CE believers are intentionally trying to spread fake news. They are simply disseminating hope based on unsubstantiated inferences that they mistakingly accept as fact.
Personally, even though I think they are way off base, at least they are hopeful and excited. I enjoy reading their posts a lot more than reading the depressing posts of the unhappy hopefuls.
Accurate summary and predictions.
tomtom, you are correct. Liquidmetal alloys are non-magnetic and the Apple Pencil shown in the ad is magnetic. I suppose parts, or components, of the Apple Pencil could be made from the alloys, but the outer case isn’t.
OK. Got it. Thanks.
While pulling wires, etc., is a small job, the hold up was in getting the permits to do the job in the first place. The hold up was not in doing the upgrade itself.
So much for the fake, fake news.
Exactly. And what Li wants is for Bromage to make LQMT lots of money so that Li’s 405 million plus shares are worth big bucks. And Bromage wants his “measly” 4 million shares to be worth something as well. Right now they are worthless.
Having a vested interest in the success of the business speaks volumes. I’m a big believer in self interest.
I have to believe that Bruce earned his options bonus. (And I do mean that “I have to believe” it.) If he was handed those shares without earning them, than the company, under Lugee, is no different than it was under Steipp. And that is contrary to all that has happened since Li took the reins.
Welcome to reality Amigo!
$7? I’d be over joyed to see 70 cents
$2.00 in 2019???
https://money.cnn.com/quote/forecast/forecast.html?symb=LQMT
One analyst’s prediction. (JB?)
It’s in the bag.
Roger, that.
I’m counting on it.
Happy New Year!
Hope you’re right, Hank. But I’ve heard such predictions every year for the past 16 years... and I’m still waiting for that prediction to become reality.
some yoyo ordered the wrong material
medical will be the first device. Electronics not so much so.
Thank you.
Joshuaeyu, your posts are always informative and I always look forward to reading them. But in all honesty, I’m not sure where you stand. To keep it simple, what is your short term (1-2 year) and long term outlook for this company?
Li can only profit from his LQMT shares from the business that flows through (or from) the LF operation.
LQMT was Lugee's ploy for dominance, at expense of you and I
Good point, jrs5. Thanks for pointing that out.
Exactly! Your analysis is spot on.
I can't find the records of the conference call that Prof. Li held on December 15, 2016, but I'm pretty sure that is when he announced that he was taking no salary for himself, and that he had established a new policy regarding extra compensation for employees. Employee bonuses (cash or stock) would thereafter be awarded based on performance only. The giveaways of Prof. Li's predecessor had ended.
No extra compensation was awarded in 2017. Then, a few weeks ago, Bromage received 4,005,000 option shares. Not only does that signal that Bromage has an incentive to stay at LQMT and to do everything he can to grow the value of his stock, it's also an indication that he has already done something significant to earn those shares. That's good news for investors.
In addition to spending ~ $10 million of a new building and new equipment in 2017, they recently spent (or are spending) $250K on the power upgrade. Prof. Li is anything but foolish. He his spending money to make money. And the expenditure is another indicator that there is a lot more positive happenings at LF than we currently know about.