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Worth repeating ... works as a description of what I have come to believe is an unsloved mystery....
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Gee how come LQMT USA is excluded from large contracts? Hmmm? Li invests in LQMT IP. Li invests in LQMT USA. Li takes control of LQMT USA. Li’s companies in China earns revenues off of the bought and paid for LQMT USA IP. Li shuts down LQMT USA domestic operations. China earns revenues from China and now any LQMT USA manufacturing orders however small or large. So far minuscule. Why? Conflict of interest? CCP? Incompetence? Almost zero R&D? Material too expensive? All of the above? What happened to the hundreds of prototypes? Who knows.
My posts however imperfect try to set the record straight about hype and misleading statements about a stock I have an interest in.
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And, you do a damm fine job at that mission. Your long term dedication at trying to unravel this mystery exceeds all those who have come before and after. One of my secondary HOPES for this "adventure" is to finally understand what these folks at LQMT have or had in mind as they jerked us around for all these years.
Our compatriot Gorgol passed on hopefully profitting but probably not knowing what this company has been all about .... I'm sure none of us want to pass on in the dark as well. Maybe it is simply that the material just is not as good as originally forecast but that would make a lot of smart people look like total fools. That is about too much for me to swallow at this point.
Let's hope that this dam breaks one way or the other before long.
I suppose the only thing we can say is that it is nice "work" if you can get it .... well, maybe not the only thing = why would the hard working Li consent to such an agreement ????????
It is greed by way of FOMO ... simple as that ..... lots of secondary reasons why and why not. They have all been listed and debated here and it is indeed a kicking a dead horse exercise.
All in all it keeps us engaged in what was once viewed as a prime time opportunity. Personally, it has verified that the emotion of HOPE is a very strong catalyst and serves as an opiod of the masses. I'm dying to sell off a chunk of shares and do as you say ... invest in something that is more stable and successful.
Poop Deck expresses it well when he indicates he is LQMT free for 6 years.
I would not be surprised if this is the reason TC sent out his heads up a year or so ago ,,,,,, I suspect he was trying to say that Mahamedi was going to save the day given that TC had a lot of tee times scheduled for 2022 ..
The Company entered into a Consulting Agreement, dated May 10, 2022, with Rosewood LLC pursuant to which Mr. Mahamedi as the owner of Rosewood LLC will assess and present business opportunities for the licensing and sublicensing of the Company’s technology. Mr. Mahamedi will also provide business development services and perform other special projects as requested by the Company.[url][/url][tag]insert-text-here[/tag]
Some things did seem to occur at the end of September past (2022). I'm not astute enough to determine how Mr. Abdi will benefit from his new deal with LQMT but I suspect it is safe to say that we shareholders are not going to experience any excitement any time soon .....
18. Related Party Transactions
On March 10, 2016, the Company entered into a Securities Purchase Agreement (the “2016 Purchase Agreement”) with Liquidmetal Technology Limited, a Hong Kong company (the “Investor”), which is controlled by the Company’s Chairman, Professor Li. The 2016 Purchase Agreement provided for the purchase by the Investor of a total of 405,000,000 shares of the Company’s common stock for an aggregate purchase price of $63,400. In relation to the foregoing investment, the Company issued to the Investor a warrant to acquire 10,066,809 shares of common stock at an exercise price of $0.07 per share. The warrant will expire on the tenth anniversary of its issuance date.
On March 20, 2016, in connection with the 2016 Purchase Agreement, the Company and Eontec, entered into a cross-license agreement to share their respective technologies. Eontec is a publicly held Hong Kong corporation of which Professor Li is the Chairman and major shareholder. Eontec is also an affiliate of Yihao. Yihao is currently the Company’s primary outsourced manufacturer. As of September 30, 2022, Professor Li is a greater-than 5% beneficial owner of the Company and serves as the Company’s Chairman. Equipment and services procured from Eontec, and their affiliates, were $10 and $165 during the three and nine months ended September 30, 2022, respectively. Equipment and services procured from Eontec, and their affiliates, were $136 and $409 during the three and nine months ended September 30, 2021, respectively.
On May 10, 2022, Mr. Abdi Mahamedi resigned as a director of the Company. Mr. Mahamedi did not resign because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Mahamedi’s resignation, the Board of Directors of the Company approved an amendment to Mr. Mahamedi’s previously granted options to purchase an aggregate of 1,870,000 shares of Company common stock to provide for the extension of the exercise period of the options through May 10, 2025.
Upon Mr. Mahamedi’s resignation as a director, the Company entered into a Consulting Agreement, dated May 10, 2022, with Rosewood LLC pursuant to which Mr. Mahamedi as the owner of Rosewood LLC will assess and present business opportunities for the licensing and sublicensing of the Company’s technology. Mr. Mahamedi will also provide business development services and perform other special projects as requested by the Company. The Consulting Agreement has a term of 5 years, subject to the right of the Company or Mr. Mahamedi to terminate the agreement at any time after December 1, 2022 and subject to certain other early-termination rights. As sole consideration for the Consulting Agreement, the Company granted to Mr. Mahamedi an option to purchase up to 2.0 million shares of Company common stock at an exercise price of the closing market price of the Company’s common stock on May 10, 2022 that will vest 33% on the first anniversary of the grant date and the remainder vesting monthly over the ensuing two years, provided that Mr. Mahamedi continues to be engaged as a consultant on each such vesting date. The options have a term of 5 years.
Evaluation of Disclosure Controls and Procedures.
Under the supervision and with the participation of our management, including our Chief Executive Officer (our Principal Executive Officer and Principal Financial Officer), we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of September 30, 2022. Based on their evaluation, our Chief Executive Officer has concluded that our disclosure controls and procedures were effective as of September 30, 2022.
Changes in Internal Control over Financial Reporting.
There were no changes in our internal control over financial reporting (as that term is defined in Rules 13a-15(f) or 15d-15(f) under the Exchange Act) during the quarter ended September 30, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
How did you come to the conclusion that there was some sort of option exercised by Mr. Li in September ?
Thanks !
We undertake no obligation, other than as required by applicable law, to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.”
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How much better off we would all be if they would offer an explaination as to why all those barriers exist ....
Good advice ,,,, however it is not my shell where my head has been so tightly ensconced ... it is lodged securely at the end of my colon.
If "Wussiness" is defined as not fighting back, or, not knowing how to fight back I agree 100 %. Negatinve reaction to crime/unfairness/ scams takes time to develop, and, LQMT has been somewhat astute in their use of such time.
I've made the mistake of blaming the wrong person in the past so perhaps LI and TC are not the primary thieves .. they sure as hell know what the hell is going on however, and, like it or not they are and should be held accountable for whatever planning has taken place.
It is my theory that the people who are profiting most from the current sales are feaverishly working on a means to keep shareholders from profitting from a Europe/USA/ Western Hemisphere roll out of sales.
If anyone has a better explaination to this mystery/nonesense I'd sure like to here it ... Equally, if anyone knows of a means to prevent the theivery from taking place it probably be embraced by many more than me/us posting on this board. Every pendulum swings equally in each direction and I hope the laws of physics shines on us soon .... I'm going on 76 and the time is wasting away.
Or, they have indeed realized their performance expectations ..... They have successfuly made sure that expansion of the LQMT franchise has never been achieved in Europe or the Western Hemisphere.
TC was apparently put in charge only to "keep the lights on" and nothing more. He has done a hell of a job and will probably remain at the helm until the whole thing starts to make some sense. What "making sense" means is as elusive as anything I have ever encountered.
At some point asking for shareholders to be patient has to give way to the notion of being fair to said shareholders. Where does the scheming end and the honor begin ?
Only Chairman Li and Xi seem to have that answer.
With a high degree of sarcasm ... the Trademark seems to be the only thing they produce other than the quarterlys ... TC seems to be paid to collect the rent and produce (copy) the reports every three months or so. I suppose he may be there to ask LI permission to produce something when a third party drops a plan in his lap.
DIFFICULTY ? = I'd bet the CCP would veto anything that does not profit them directly ... why let a USA company profit without cutting the CCP in on the action. Sort of like criminal ganes fighting over territories.
Great questions followed by stark realities ..... would be a shame if those responsible somehow escape the consequences of their behavior.
TC and Li are surely at the center of this rotting piece of fruit. CCP involved ? = has to be ... Motive ?= keeping the technology out of the hands of those who could profit elsewhere ...... Change ?= only when it becomes advantageous to the CCP .... When ? = WHo the hell knows ..... Conditions ? = When the material cannot yield any further benefits under the current business plan. Cost ? = $64M
A lot said with 5 words ... hope to see those responsible pay the price for their crimes/ negligence regardless if or not they have been operating withing the bounds of legality.
It makes me feel better and keeps me eagar to find out what this whole LQMT game has been about .... we all know all the questions and I'd like to see them answered or see those who know the answers to be held accountable.
Running out the clock seems to be a strategy employed by scam artists in this new world of ours. Like all strategies they too run their course and I'd like to be around when the price has to be paid.
Maybe TC is on his way out or is already out but in all fairness I believe he is doing just what he has been hired to achieve ... NOTHING !
Hell of a job if you can get it outside of Washington DC
More pigs feeding better at the though that is LQMT ... the company is like a retirement fund for people who "work" at doing nothing ... what a deal for the LQMT employees !
PS to LQMT employees who may indeed still be working at accomplishing sales and profitability .... I apologize for the harsh words but my hard earned dollars of the past have been getting decimated by a company that has not succeeded and does not communicate with its shareholders. Been going on for a long, long time. Since your superiors choose to treat their shareholders like crap maybe (if indeed you do yourself exist) you would be good enough to let us know what the hell is going on.
Reminds me of :
1) Pigs feeding at the trough
2) Vultures feeding on dead animals
3) Scam Artists
4) All of the above
How can any one draw another conclusion ?
How long can this go on ???? To quote the 10Q ...... for a long, long time.
THIS IS LQMT =
WHAT THEY CLAIM THEY DO
We are a materials technology company that develops and commercializes products made from amorphous alloys. ( IS THIS A LIE ? )Our Liquidmetal® family of alloys consists of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. We design, develop, and sell custom products and parts from bulk amorphous alloys to customers in various industries. We also partner with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products.
WHAT THEY REALLY DO
Revenue. Total revenue decreased
revenue decreased to $306 for the
period was attributable to lower
development projects, following the Company’s transition to outsourced manufacturing in 2020.
Cost of sales. Cost of sales was $15, or 83% of total revenue, for the three months ended September 30, 2022, a decrease from $319, or 79% of total revenue, for the three months ended September 30, 2021. Cost of sales was $243, or 79% of total revenue, for the nine months ended September 30, 2022, an increase from $528, or 73% of total revenue, for the nine months ended September 30, 2021. The decrease for the three months ended September 30, 2022 and 2021 was attributable to lower products revenue, increase in licensing and royalties revenue, and lower gross profit percentages. The decrease for the nine months ended September 30, 2022 and 2021 was attributable to lower products revenue, decrease in licensing and royalties revenue, and higher gross profit percentages. If we begin increasing our products revenues with shipments of routine, commercial products and parts through third party contract manufacturers, we expect our cost of sales percentages to decrease, stabilize and be more predictable.
Gross profit. Our gross profit decreased to $3 for the three months ended September 30, 2022 from $87 for the three months ended September 30, 2021. Our gross profit as a percentage of total revenue, decreased to 17% for the three months ended September 30, 2022 from 21% for the three months ended September 30, 2021. Our gross profit decreased to $63 for the nine months ended September 30, 2022 from $193 for the nine months ended September 30, 2021. Our gross profit as a percentage of total revenue, decreased to 21% for the nine months ended September 30, 2022 from 27% for the nine months ended September 30, 2021. Early prototype and pre-production orders generally result in a higher cost mix, relative to revenue, than would otherwise be incurred in an on-site production environment, with higher volumes and more established operating processes, or through contract manufacturers. As such, our gross profit percentages have fluctuated and may continue to fluctuate based on volume and quoted production prices per unit and may not be representative of our future business. If we begin increasing our products revenues with shipments of routine, commercial products and parts through future orders to third party contract manufacturers, we expect our gross profit percentages to stabilize, increase, and be more predictable.
20
to $18 for the three months ended September 30, 2022 from $406 for the three months ended September 30, 2021. Total nine months ended September 30, 2022 from $721 for the nine months ended September 30, 2021. The decrease for both general production shipments of products made by our contract manufacturers and decreases in payments under
THE HOOK
However, as of September 30, 2022, we had $5,420 in cash and restricted cash, as well as $19,208 in investments in debt securities. We view this total of $24,628 as readily available sources of liquidity in the event needed to advance our existing strategy, and/or pursue an alternative strategy. As such, we anticipate that our current capital resources, when considering expected losses from operations, will be sufficient to fund our operations for the foreseeable future.
One way to look at it ... another is that the silence is a form of the same. Who knows, maybe he did believe in the prospects of ownership and simply made a gigantic miscalculation. While I find that premise hard to believe much less digest I suppose anything is possible.
Do you think we will ever know what has been going on ? at this point I feel even more stupid than Li.
As those who occupied the Alamo we are hardened warriors determined to fight till the end ... I fear we too are waiting for reinforcments that will never arrive.
I admire your faith and hope ... it has been a long houl and we/you have been treated with a load of disrespect along the way.
Clearly they have no shame and continue to feed while remaining constipated.
Absolute ditto .... the abuse of their sacrifices by the shameful actions of their many survivors on both extremes is worthy of the consequences of such actions.
This is certainly more important than the scrunity of a company sucked dry by a bunch of scam artists.
Breath deep.
Finally, we see something that could be interpreted as having some value. GOd what a fiasco ... remember the Knives ?
I'm beginning to think Li actually believes that his silence is some sort of attrative attribute ...
Yes, the HOPE factor has taken a bit of a hit once again ... "when will we ever learn" ?
I'm betting that there's a big announcement before the bell tomorrow morning that'll make this negative very positive.
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I'm not saying you are incorrect but if such a thing does occur it would confirm a lot of things I believe about this farce of a company.
Is the rep Sammy Scam ?
Wow, I just made a lot of money on a 2,000 share trade. What a great company ! Gotta wonder what kind of BS they will throw at the wall for the upcoming 10q ?
It's always games with LQMT .. wish they would start to be serious business like but Li is too much the comic.
When the price was hovering in the mid 30's a while ago I predicted "in jest" that we would see $.1467 before we saw $.60 ... little did I know how prophetic that was ....
I suspect that LQMT will ever reach the $.12c share price again without a reverse split.
Nah, the available DD is right there in front of us (as you have repeatedly pointed out) but are ignored by a crowd hell bent on pitting HOPE against REALITY. The facts are documented and are clear for all to see.
Beyond trying to figure out what the company plans to do in the future we are left only with their ?Crazy? behavior of the past 20 years (to include archaic type "efforts" to behave like a real company to no avail) from which to guide our future actions.
The only conclusion that makes sense is that the company has been and are currently populated by inept people who have tried and failed. Apparently they have also lost all of their enthusiam to get up off the canvass and fight with some sort of urgency involved ..... that is the stuff of stale movie plots that have long lost their attraction as well. They (whoever "they" really are or have been) are doing no more than running out the clock waiting for a miracle to happen "to" them rather than "BY" them.
Not much to research and draw DD I'm afraid. The list of distractions thrown up to keep people hooked have all been listed and analyzed, to death ... it is a wonder that adults like us continue to hold onto our LQMT lottery tickets but I suppose we are no different from the POWER BALL players waiting for the drawing to happen to put an end to our misery.
Good luck to LQMT shareholders indeed .. we are only steps away from the chopping block and are going to need all the luck we can get AND we are going to need it real soon .... Guess I've written or thought that thought a millioin times before.
Good bet on that one !
Well, I've gotta tell ya, I'm not selling yet, and, I'm not buying at this high level .... so if anyone os looking to make things "happen" it seems to be a waste of time to me.
I think I have a better chance of getting rich quick with the $20 in Power Ball tickets I bought this afternoon than I have with a "BIG BOOM" from LQMT.
Yes, it is looking like a corpse floating in the tide.
Or the promise of contract(s) or another promise of success or another fairy tale to keep people hooked on all the nonsense.
I'd be satisfied if they would launch a podcast describing how and why they have undergone all the idiocy of the prior 10-15 years. It is probably quite simple and easy to reveal if they are inclined to tell the truth.
Yes, that is still another fairy tale right up there with the MAZE that isn't and all the rest.
I feel your itchiness ... the LQMT story in the USA is one hell of a mystery and it looks like EON is showing the same kind of silliness.
I suspect I'm going to join the "never knowning" bunch of decesed shareholders, and, I resent the notion that I'll not ever know how and why LI (and all the rest that came before) allowed this company to languish through endless false starts. That includes ( but sure as hell does not encompass all) the tunes commonly known as "low hanging fruit" the "MSR" charging sales army, Tony's prediction of profit in 2017, "Paul's Promise", Li's suggestion that patience would yield success, the purchase of the LF manufacturing facility that did not have enough electrical power, the various partners who asked for protopypes and suggested that enormous production faclilities were just wating in the wings, etc, etc, etc,
It all adds up to a Sherlock Holmes type saga that is laced with unsavory characters and rags to riches gurus. All of it nonesense and an affront to people who choose to believe rather than exercise their right to be skeptical of this apparent scam known as LQMT-USA
The dynamic that is LQMT sharholding is worthy of some sort of study in some sort of displine related to the human spirt (yes, I know that is overly dramatic).
Clerly there are a number of experienced adults frequenting this board who are holding shares of this failed company who are awaiting doom, success and/or the solution to a mystery. I suppose we share space with those who bet the horses, play the lottery or gamble on anything to keep ourselves breathing.
Come to think of it, forget the study ... we are just like everyone else who would like to get rich by guessing correctly just one time. I wish I knew if I am a LI/Chung fan or if I want them to fail finally so I can feel I was correct either way.
During the third quarter, we transitioned over to a new management team, implemented reductions to our overhead expenses and renewed our focus on growing the business for the long term,” said Tony Chung, CEO. “I look forward to providing our investors with an update on the business during our 2021 year-end conference call to be scheduled in conjunction with the filing of our annual 10-K.”
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Almost a year ago now when Tony hinted that 2022 was going to be exciting and that some important information was coming our way in March of 2022. File that bullshit away with all the rest of the bullshit that came before ... and folks there has been an endless supply of the crap fed to us for the past 15 years.
How time flys when you are filled with HOPE that never produces any HAPPINESS.
If someone had or has read your weekly synopsis they would find that every HOPEFUL based theory over the past 12-15 years have fallen flat on its' face .... and there have been at least 100 of them ....
LQMT owes us big time ... either via a lucid and verifiable explainaion or a mind boggling success story. There is no in-between. Steipp promised a low hanging fruit policy long ago and we can see where that all lead.
Is Li a scam artist or a fool ?