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Please help me understand this:
In the past, Paul Hauck was the brunt of many negative comments (to the effect that he was incapable of selling anything). Now that he’s out of the company, the news of his departure is considered so bad, by some, that doom and gloom is forecast for the company. So either he was bad for the company, and his replacement is a good thing, or he was good for the company, and his departure is bad news. However, both statements cannot be true.
Please pick just one so that I may become enlightened. Thank you.
To summarize the bad news:
1)...leading medical device companies that are on track for volume production.
2)...new Industrial-grade AMM solutions, with early customer prototypes and development projects.
3)...MIM production has begun, with first customer shipments scheduled for late August
My apologies. I couldn’t find any bad news in the latest blog.
Paul Hauck “resigned.”
https://liquidmetal.gcs-web.com/sec-filings/sec-filing/8-k/0001437749-18-012636
So who can we pick on now?
A power upgrade is not a Material Event. - When “the big announcement” comes from Li, a lot of folks will have egg on their face, but they won’t care because they will also have $$$$ in their investing account.
Thank you, Eagle. I value your opinions. I, too, worry about how much longer I can hold on to the dream.
So what are you saying? We should stick a fork in this company because it’s done? - The CEO said that the work with Hewlett-Packard will produce revenues this summer. Do you think that is going to be a real event, or is it just CEO hype?
Question (6): Will LQMT be incorporated into Eontec?
Thank you for the question Mr. Bond.
I think we are basically on the same page. I agree that your list is a list of facts. But those facts consist of nothing more than guesses about the stock price at specific times in the future, and have nothing to do with what is or is not happening at the company. And those are the only facts that matter. Too bad none of us know what they are.
The question remains: who owns the coins (if they exist)? No one can tell from their annual statements who owns what, and how much.
Two thumbs up. Thanks for the laugh!!!
DMN, congrats on a well thought out, rational post.
I was surprised that he never responded to my suggestion because a year or so earlier I spoke with him via a conference call that included PH, TS, and a guy from the small time marketing firm that they hired at the time. I was invited to take part in the call - along with a few other folks with “significant” investment interest in LQMT - for the specific purpose of making suggestions. My impression was that all parties were genuinely interested in what investors had to say. They never advertised the calls so they were not done to impress shareholders.
At the time, I wasn’t much help. But subsequent to that event I had a few ideas that I transmitted. So, given that background, I expected a reply... which never came. However, the lack of a reply does not mean that my suggestions were ignored. It only means that I was ignored.
(Btw, that was all pre-Lugee.)
As best as I can tell, their revenue statements are unaudited. Does that concern you?
Hmmm... you have a valid point there.
Well, brother Joshuaeyu, we are all suffering from a sever lack of reliable info. Perhaps that's one reason I Love/Hate this company!
Ha ha. At times I do worry about that.
Then ask Johnson. He's an honest fellow and will confirm what COO said.
My point was quite to the contrary. I wrote that Glassimetals is not currently in a position to be competitive. The management at LQMT is very aware of Glassimetals. I’ve spoken with the COO about Glassimetals and learned enough to be confident in what I wrote concerning Glassimetals.
Look at the video. At one point it shows a worker with a sizable roll of ribbon steel (or aluminum... not sure which). It is the appropriate size (width) for the mid frame.
Glassimetal parts are much more costly to manufacture than LQMT parts. They are also much more constrained in maximum size. While this may change in the future, at the present time, Glassimetal is not competitive with either LQMT or Eontec. As for Apple’s interest in Glassimetals vs their own (I.e., LQMT) alloys, compare the number of patent applications Apple has filed in each category.
So what is the relevance to LQMT? That video clearly shows that the mid-frame is made from ribbons of steel (or aluminum). It has nothing to do with BMGs.
I emailed Hauck about 2 years ago, suggesting he contact manufacturers of fishing reels - both in the USA and abroad. I even included website contact info for those companies. That was at least 2 years ago. I'm still waiting for a reply (or a PR announcing a contract).
Not only are the alloys super strong and light weight... and have better corrosion resistance to salt water than conventional material... but as you correctly stated, avid fisherman would be happy to pay extra for reels that have superior performance and extended longevity. (In 2013 there were 33 million fishermen in the USA alone.)
So why aren't they pursuing that lead? Why are they making guitar pins instead, (with sales so small in number it's pathetic); or making a tiny device for a startup surgical company that doesn't even have FDA approval for their device? WHO IN THE WORLD KNOWS?! - What I do know is that LQMT can drive a sane man to drink!
Joshuaeyu, polishing amorphous metal parts to a mirror finish is not necessary. As per LQMT's design guide, the mold can be constructed such that the part comes out of the mold with a mirror finish.
Fair points. Thank you. But I have to disagree. I'm not trying to be argumentative. But I'm not convinced that your comments are accurate as they relate to the sale of LQMT's technology.
I work in a highly technical medical specialty, and I make purchasing decisions for my group. I see new products at trade shows, in journals, and especially by direct visits from company reps. For me and my colleagues, it is imperative to have up close and personal demos (hands on in many cases). They take place either at trade shows, at visits to my place of work by company reps, or at on site visits to the companies that manufacture the products. A marketing firm would have zero impact on my decision to purchase. It would be a total waste of money to hire such firms.
There is a high degree of similarity between selling high tech medical devices to highly trained specialists and selling LQMT's technology to highly trained and experienced engineers and product designers. Neither of those are in any way similar to selling cell phones to the general public. A marketing firm could be essential in the latter case but would be totally useless in the former. So while you are correct in stating that "they have not hired a well known marketing and investor relations company," it would be a waste of money if they did so.
Fascinating article, Base. Thanks. It points to another reason why Lugee will put most of his efforts into growing LQMT, his US company. Not only is his potential ROI from LQMT huge (larger than via Eontec, IMO), but the US stock market is a much safer place to invest one’s money than is the Chinese stock market.
True that. But for all we know, the knife contract led to the Zyris contract.
I don't know if you own one of the Hybrid Knives. I do (#80). As far as a knife goes, I am not a fan of the Tonto blade design. The single sharpening plane is also something I'm not particularly enamored with. That said, the knife is an absolutely magnificent feat of engineering... and the blade has remained super sharp for over a year without the need to hone it.
The way the two parts fit together and uncouple and re-couple is absolutely incredible.... and all of that engineering comes right out of the mold without the need for additional processing. Pictures do NOT do it justice. You have to see, hold, and operate the Hybrid Knife to appreciate just what a near net-shaped product is possible with amorphous metal injection molding. LQMT uses the paired flags (which I also have) as a demo. But they pale in comparison with the Hybrid Knife.
I know the Hybrid Knife remains an oddity and will never be a big seller. But for those of you who doubt the potential of injection molded BMG parts, and/or the capability of LQMT to produce a unique, high quality product, you should spring for the cost of one of those knives. It will answer more questions and erase more doubts than you can imagine.
And just as a disclaimer, I do not work for LQMT nor do I get any renumeration for the sale of those knives.
Right you are about Zyris. It's impact for shareholders is like a puff of smoke." But the impact for LQMT could be huge, in this sense: major companies are very unlikely to be the first ones to jump in the game and trust a company like LQMT to produce a part that is used in one of their own devices. So the success that LQMT has had with Zyris can attract larger fish, like ConMed ($796.4 Million in sales for 2017), which in turn will attract the likes of Johnson & Johnson ($25.1 Billion in sales), Medtronic ($20.2 Billion), GE Healthcare ($17.6 B), Siemens Healthcare ($14.5 B), Phillips Healthcare ($11.9 B)... and the list goes on and on.
As we say in China, a journey of a thousand miles begins with the first step.
Atakan Peker is hardly known for his business acumen. Besides, opinions are like rear ends in that everybody has one.
Even though I’m long on this stock, I have to admit you raise a few valid red flags.
The funny thing about penny stock message boards is that they all read the same. The faithful jump on the slightest, thinnest piece of possible good news and bash those who see red flags.
Regardless of the chatter, penny stocks are like lotteries. Most players lose their money, but a few do win big time. I’m still hoping to wind up in the latter category, but I am not oblivious to what the odds truly are.
I don’t know how many “long time old timers” there are on this message board, but at least some of us are singing the same song: if the company doesn’t make real money soon, we are pulling out of this investment. But if 2018 comes and goes without a major deal, how many of us will really go through with it and pull the plug?
It’s a rhetorical question. One I ask myself nearly every day. I’m a lousy trader. I’ve sold a small percentage of my shares because I needed the cash and not because I was actively trading. And I made a profit, but not because I was a smart trader: I got lucky and purchased a lot of shares near historic low prices. But will I really unload at least a majority of my shares if there is no big contract by year’s end? Or will I tell myself, as I’ve done so over the past many years, “I’m going to give it Just One More Year?”
Penny stock ownership is a sickness. I’m a Liquidmetalaholic, and it’s been over two and a half years since I bought shares in this company.
Excellent question Eagle.
First of all, when Lugee bought into LQMT, he bought more than he expected. Prior to the Lugee take over, the company essentially bit off more than it could chew and made promises it could not keep. (The former CEO was not fired because Lugee wanted to be the CEO.) One of the main things Lugee had to do was to establish (or re-establish) the company’s good name. And that takes time.
How do I know that? As the saying goes, if I tell you, I’d have to kill you. So you can either believe me or not. It doesn’t matter to me.
The real question remains: are there any major companies that are willing to take a chance on the alloys and/or on LQMT as a company? We have two good indicators. 1), Zyris. It’s far from being a major company, but it’s no fly by night operation either. 2) ConMed. They have yet to sign a production contract, but they are a major company within their sector and if they had significant reservations about the material and/or LQMT, they would not be wasting their time and money working with LQMT on prototypes.
Lucky us. When Lugee sold a boat load of his Eontec shares to fund his purchase of lqmt stock, Eontec was selling for more than 3 times its current price. Lugee couldn’t make that transaction happen today. Who knows where LQMT would be today had he not infused $64M into the company? But Lugee’s investment in lqmt was also lucky for Lugee, as his average pps for his lqmt stock Was approximately $.16 a share.
With Eontec shares falling, and lqmt shares holding its own, Lugee has a lot of incentive to do everything possible to make lqmt a successful company. While it’s true that we all crave positive news, I’d rather have them working in silence on future contracts than pumping out the tons of hype that characterized lqmt’s press releases in the pre-Lugee Li era.
Good luck to us all... especially to Gorgol, who we all wish continued good health.
You are dividing apples and oranges. The Eontec share price you used is in Yuan’s and the LQMT share price is in dollars.
A question answered:
Nice find!!!
Well, if “someone” on iHub said it, it must be true.