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You’re absolutely correct!
By the end of this year or sooner we will know if LQMT knows how to sell the lemonade.
If LQMT is going to make it, they will have to make it outside of CE: which is exactly what the company has been telling us for the last 8 years. LQMT gave up CE in 2010. Period. But “the faithful” don’t want to believe that. And why should they? After all, it’s only what LQMT has been saying since they signed the MTA with Apple back in 2010. For the past 8 years they’ve been seeking non-CE customers and making non-CE parts. But why look at the reality that is? It’s human nature to paint the world as we want it to be rather than to face up to what it actually is. - It’s nice to dream... as long as you recognize that’s what it is.
The silver lining to the CE cloud is that LQMT will make it... not fast enough for many of us... and they will make it outside of CE: just as they have said over and over again... just as they say in their 10K statements, and just as they say in their website... even with Lugee in charge.
It doesn't matter. Nothing can stop the Apple rumor train The Longs who see no evidence that Apple will use the alloys any time soon are derided as either being ignorant of the "facts," or really being Short on LQMT. It's the same sad song, year after year.
according to Eontec in their own words they do not have the manufacturing capacity to handle a "APPLE" size company.
Buddy, I'm in the same boat... except that twice, I did call the company and vented my displeasure: once when Steipp was CEO and once on Bromage, after Li became CEO. A lot of good it did, other than to make me feel better for a day or two.
...there is something very wrong with a company that pays people to develop patents that lead to no sales.
Hiker, I certainly can't argue with the points you raised. You are correct: we have a 50:50 chance of getting screwed... which means we have a 50:50 chance of making a lot of money on our LQMT stock... which are MUCH better odds than we've ever had before.
Where are the great options doled out? .004 isn't exactly a hefty in the money option.
“Over a million shares sold today by the Gman.” Hmm... the volume today was only 734,514 shares. This company is fraught with mysteries. I guess this is just one more.
Does a Bullish Date Candle cancel a Bearish Doji Star?
Has lie made his target of 700 million yuan?
Sir, of all of the countless posts published here during the last 6 years, the only truly valuable lesson I’ve learned has come from you, in your latest posts. God bless. You have reached an appreciation of life that most of us will never know.
It was just my attempt at humor. (Heaven knows we can use some humor on this board.) I didn't mean to fool anyone. I am, in fact, definitely LONG on LQMT, but that is based on my understanding of the fundamentals. Technical analysis is a skill/art that is used mainly by active traders (some of whom do quite well). I trade very infrequently, so I have no use for technicals.
Analysis of the LQMT Chart:
This morning, as I was listening to an old recording of Bruce Springsteen (when he was with the Bollinger Band), I decided to do an in-depth analysis of LQMT’s chart. What I discovered was AMAZING. I looked at the 1 year and 1 month charts. I identified 2 inverted “W”s and 3 upside-down “M”s just in the past 5 months. That’s 1,1,2,3,5… a Fibonacci sequence. But what totally blew me away was the discovery that the 180 day moving average is still moving!
I was so excited that I decided to refill my cup and saucer with some of the 19 year old Glenfidditch that I brought back from London last year. (Too bad you can’t buy that here in the States.)
Yes indeed. It doesn’t get much better than this. GO LONG!
Neither medical nor auto industry ALONE can commercialize BMG.
BMG COMMERCIALIZATION is what we need
Who are the U.S. or European CE customers that would benefit LQMT?
Lugee closed the extra-compensation candy store. All forms of extra compensation, such as the granting of stock options, are now awarded based on performance. I respect your anger/annoyance with the company and I share in that as well. Your observation painted an accurate picture of the pre-Lugee Li era, but thankfully, it is no longer the case, nor is it relevant.
Options are an incentive-based form of extra compensation. There are three basic categories of option grants. If you are interested in learning about the effect options have on a company and its top execs, this article from the Harvard Business Review is good place to start: https://hbr.org/2000/03/what-you-need-to-know-about-stock-options
Granting options, while not exactly the same thing as awarding a bonus, is nevertheless a form of extra compensation. Lugee instituted a policy of granting extra compensation to executives based solely on their performance. So what, I wonder, has Bryce Van accomplished to justify those 1.3M option shares?
The other take away is this: As a form of extra compensation... or a reward for good work... shares of LQMT would have to be considerably more than the $.24 when Bryce exercises them, otherwise granting those options would be tantamount to giving Bryce nothing but a meaningless piece of paper. In other words, both the grantor (Lugee) and the grantee (Bryce) expect the share price of LQMT to be much higher in the future.
Well done, Mr. President. You have undoubtedly calmed the nerves of those who couldn't interpret the Form 4.
Let's hope Bryce gets to exercise those shares and that he eventually makes a very handsome profit off of them.
"The second mouse gets the cheese".
Watts, you're too funny. But even if you fail to understand the truth in your new philosophy, you happen to be correct.
It will not cost LQMT much money to ramp up. According to Prof. Li, smaller orders and R&D will be done at LF. Large orders will be filled by LQMT's "Contract Manufacturer" (i.e., Eontec). The CM (Eontec) bears the cost of ramping up, not LQMT. E.g., it's Foxconn that bears the cost of tooling up, not Apple.
A lack of correlation between the share price and earnings has been part of this company’s sordid history. But that will change once they actually start to accrue significant revenues.
Bravo, Watts.
Even a 10 bagger will make all my acquaintances think I’m a genius. (I can hardly wait until they start asking me for loans.)
Getting Rolex to invest in new materials is like getting LQMT, to invest in new marketing.
In a sense, Lugee may have the upper hand when dealing with Apple if Apple wants to use the less expensive alloys because those patents belong to Lugee and/or Eontec. In fact, IIRC, at an Eontec Board Meeting Lugee stated that Apple proposed a deal to obtain exclusive rights to Eontec's patents and Lugee turned them down, saying he won't give exclusivity to any company. That indicates that either Apple wants to use Eontec's patents or they want to prevent other companies from using those patents. In any case, It puts Lugee in the driver's seat, in a way. So he may be able to get Apple to soften the Exclusivity in Consumer Electronics, as per the MTA between Apple and LQMT, on a quid pro quo basis.
Just a happy thought. Nothing more.
Sorry for sounding sour. For the most part, we are in agreement. I’m hoping this phone cycle will FINALLY work out for us this year. I loved seeing the picture of amorphous metal phone cases that Eontec displayed in the trade show. I just don’t want to get my hopes up again.
doing some work and researching as to when this manufacturing shift in the phone market will take place
I have everything to lose...
Ha ha. I try not to count my money while I'm sitting at the table. As Spartan and others have said, this could go to zero (which at times keeps me up at night) or this could go to $5 (which is why I'm in this game).
Good luck to all of us.
Very true Gamesc, but don’t be too harsh on those of us who have become delusional as we sit here watching paint dry.
the management knows that they ripped off the IPO investor
It's not their piggy bank... It's Professor Li and the shareholders piggy bank.
LQMT in the past two years has burned through 40% of it’s cash.
Thanks for link.
BTW, amputation can be a life saving procedure. Given the option of going under or selling rights to IP, what choice might you have made?
We believe that our strategy is on track, and we are laser-focused on building value for Liquidmetal stockholders.
-Lugee Li
I expect Li to act in his own best interest. If he takes this company to “only” $4 a share, he will own $1.62 Billion worth of stock. Incentive enough?
True that. The question is, is this the same company it was ten years ago, or even the same company it was 3 years ago? (The answer often depends on how much I’ve had to drink.)
A quote relevant to LQMT:
The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
-Peter Lynch
Peter Lynch said, " Stocks aren't lottery tickets. There's a company attached to every share." He also said, "All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out.."
On timing a stock, Warren Buffett said, ""My favorite time frame is forever." (So he should love LQMT, no?)
I share your frustration regarding the lack of news. But in reality, would we feel better hearing from Lugee that he is working hard to grow the business... that things look promising for the future, but that he can’t say more because of the non-disclosure agreements that LQMT has signed with potential customers?
Except for the same “forward looking statements” repeated over and over again by Paul Hauck, the hype and false promises (do you remember the “4 customers”?) have ceased under the leadership of Lugee Li. And for that I am grateful, even though the wait is painful.
BTW, thank you for the links regarding PVD. Great find!
Great post. Thanks.