is…out the door and not looking back…
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Totally agree. It's a complete naivete to think they could go from manufacturing machines to manufacturing BMG products.
Far too many variables - we live in a LQMT-bespectacled world. The majority of the U.S. does not, let alone Wall Street.
Regardless, I don't know if you have, or haven't, done much penny stock investing (this was/is my last foray), but as you likely know, one "name" contract can make a penny go parabolic, although like any investor, I just prefer they get sustained, solid contracts and growth to build from.
Where is the speculation as to how Lugee and LQMT were intro'd?
Daily watch of insignificant contract/revenue/profit is not the reason I invest in this stock.
One machine can indeed bring in 50 million+ annual revenue.
It already happened. The others haven't been in long enough to sell their story of how long they've "suffered" and how "loyal" they've been and how they should "benefit." The others also aren't the right hand to the CEO getting info and directing conference calls. Those calls are all setup by Chung now. He even calls the ends of the calls and that they wouldn't have one for Q1.
At this point, I'm not expecting any other insider buying both because they don't know what Chung knows and they're not "inside enough" to get the "OK."
In my opinion, he's not a team player nor is he a risk-taker, but he is a total opportunist and if in his shoes, I don't know if anyone would act differently.
It didn't and I never expected it too, nor do I think it ever will. There was a lot of smoke being blown.
I don't blame Engel as much as I do Materion, though, but the mold costs were a huge problem as well.
BTW, this is 5x bigger size and 3x faster than Engel machine. Go figure how much rev per day for Engel machine.
Thank you.
I guess I'm asking if he has all the raw materials here to produce his alloy or if it would have to come from China.
I know for the Materion alloy, they are rods that are heated, but not sure how they're produced for Lugee's alloy. Thanks.
Any thoughts if his alloy could be produced in the U.S. or would it only come from China?
http://www.theverge.com/2017/4/12/15269970/tri-turing-phone-appassionato-tcl
Why would TCL, with over 15 bill in revenue, sign on with these guys?
http://www.ibtimes.com/turing-robotic-industries-partners-tcl-its-appassionato-smartphone-2524573
TRI and TCL said the Appassionato will be built using liquidmorphium, an alloy that’s made up of zirconium, copper, aluminum, nickel and silver. The handset is also said to feature “amplified intelligence,” which is just another fancy term for artificial intelligence.
The other party involved must live in a different part of the world than we do. :) :) :). Have a good rest of the Weekend
Agreed, he's got a ton of risk capital in and Chung's 200K doesn't hurt either. One more month before Chung's 18 cent shares are unlocked.
With heavy R&D spending and massive dilusion for JV, it is setup for long term investment. SZSE is different set up to SSE which carries a lot of state own companies.
For the same reasoning, LQMT is part of Li's global long term plan. Those who look for instant gratification might want to think twice.
Other sectors are outperforming
Have you looked how he's treated Eontec shareholders? Why do people talk before look at the facts. Eontec shares peaked around $30 a few years ago and are down roughly 66% since to ~$10... a litle DD goes a long way compared to wishful thinking.
Who we HOPE will not screw us in the end. But, wait a minute, Li could care less about us little minions.
But, wait a minute, Li could care less about us little minions.
I don't know why and I know I can be beyond a curmudgeon, but I've learned to appreciate your posts and glad I'm on your side, haha. Enjoy Gorgonzola/gorgol. It auto-corrected to that, so I'll leave it for your amusement.
You too, sir.
Thanks, dmn - you too.
If you've held since before Lugee and you do NOT feel like you do, there is something WRONG with you. Either that, or you are either incredibly prescient or have nerves of steel and I know, and have a ton of respect for, those few guys with that makeup - wish I had it, haha.
We'll see but beware when everyone is bullish.
Materion/Engel for niche markets and higher tolerance parts.
I didn't listen to the Materion c.c. because I just don't think they're relevant any longer-
1) Lugee's alloy is, at least, 1/3 the cost;
2) From what we've heard, Lugee's alloy is outside the CIP licensing agreement, which is critical if he's trying to get anything covered by licensing agreements, although he can certainly earn revenues from manufacture with no restrictions related to IP if for the parties holding the IP restrictions;
3) Eon has financial interests now in alloy suppliers with the j.v.'s. (Think he's not motivated to use his own alloy when he's already paid for it?);
4) As I recall (and feel free to correct me), Eon alloy works on Engel and Eon's own machines, but MTRN's alloy doesn't work on Eon machines;
5) MTRN has never pushed LQMT, but LQMT has brought MTRN people (Vidal, et al) to Engel showcases; and,
6) Hipple, MTRN CEO, and Steipp's contact there, was replaced.
For what it's worth, my thoughts are MTRN is, for all intents and purposes, mostly out of the picture and I think that's a good thing. It certainly wasn't working well with them before.
He truly is. Remarkable stuff.
Inventors:
Prest, Christopher D. (San Francisco, CA, US)
Browning, Lucy E. (San Francisco, CA, US)
Pilliod, Michael K. (Venice, CA, US)
Waniuk, Theodore A. (Lake Forest, CA, US)
Eontec has currently about $31m in cash as of recent Q and $28.4m in debt (usd converted from yuan). Their net margins are roughly 6% for trailing 12 months with sales closer to 100m ($93.6). They did generate some cash flow for Q1 $4.4m and $1.3m in FCF.
Investment in penny stock is definitely "betting".
Q2 ends 6/30. If anything, it would be Q1, but they have 40 days after end of Q to report. Q1 ends 3/31. That makes it 5/9.
So you're betting that BMG is going to be used by Apple sooner, rather than later? Have you been drinking from the unicorn trough?
I see what you mean by QCOM's and AAPL's legal battle. It's more like a war. It's ugly; several countries, billion dollar damages, etc.
http://www.digitaltrends.com/business/apple-vs-qualcomm-news/
Thanks. I guess I can put fireworks back in the closet...eh, he'll still come up with something; too much money invested.
I don't think this is an increase. I think this is a new loc, but yes that's 100% true that just because you have one, doesn't mean you'll tap it. Regardless, I can't imagine a Chinese bank OK'ing that type of line based on net cash flow of Eon, alone. It seems too low.
And the flip side of that, at least in the U.S., is that every loan or line of credit application needs a business purpose and 14.5 mill USD is not going to be done without that. In other words, as I'm sure you know, you can't apply for a business line of credit with a purpose of "because I want to have the money in case I need it." Not being a wise owl, just don't think Lugee would apply for a line like that without expecting the need and return to outweigh the cost.
That's why I'm interested in knowing what the asset value of Eon is so that there is a clearer understanding of LTV. With 80 mill in revenues, I can't imagine a balance sheet with an asset value larger than that. Even if assets are the same amount as revenues an LTV of 14.5/80 is large, but I'm thinking it's even bigger than that because, normally, revenues are much larger than asset value and we don't even know what debt is already on the EON balance sheet.
Line of Credit of 100 million yuan for Eontec.
Google problem as usual.
Sorry, my bad. I'm getting confused by the names and subsidiaries.
Yes, with 80 mill USD of revenues, a 145 mill credit line is huge and unheard of in the U.S. No U.S. bank will loan like that unless there are contractual guarantees in place to support the servicing of that loan. I would love to know how long it takes to build those machines. All that stuff in the financials was all "LM growth-based." The interesting thing is that those were the forecasted numbers, and they were right on the mark. He tells it like it is, but when you are able to have it ready, you don't have to BS.
I'm guessing Chung bought in for a reason and it wasn't for, "Go Team!" but, "Go Me!"
145 million USD - that's the machine j.v., correct?
Anyone remember that Gorgol ?
Too bad they had to be recalled in order to correct a defect.
Yes, the skip was for Q1 c.c., which I don't think anyone is expecting really anything for Q1 when they are focused on the move and two machines just installed to be put into service a week or so ago. Why does it feel like that's more of an accomplishment than has occurred since August 2010?
In my opinion, it seems to make sense that they would start producing in Q2 with those 2 machines, as I don't think Lugee is interested in sitting in a chair, having a beer and sitting back and admiring his machines doing nothing, but gathering dust.
Q2 should be a nice start, although Lugee has been pretty consistent that Q3 is supposed to be the start for LQMT. Then again, it could always be 2019, but then again (again), I had read that .167 was supposed to be the top this year too.