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The ONLY revenue stream LQMT has today is the rent from the LF building.
Tony Chung: start the Bikini Car Wash back up; we need you to work weekends.
99.9% of all new CEOs at publicly held companies would have issued some kind of introduction letter about themselves and the future of the company to shareholders, customers, and the general public within days of being issued their new business cards.
It's reassurance, it's ego bloating, it's free and easy publicity for the firm.
Enter the .1%er Tony Chung..... two weeks go by........nothing.
So obviously Tony Chung's silence is part of the gaslighting; I don't think it is a stretch to conclude that silence is going to be his modus operandi.
Maybe you think otherwise???? OK, allow me to list this ridiculous excuses you'll be hearing why we investors can't get a lousy statement from our new CEO (no need for you to go to Reddit or Stockwits):
--He has been so busy the past two weeks structuring the MAZE for LQMT investors benefit he has not had time
--He did, but it takes time to clear it through Apple
--There are so many whales in the way he can't see his laptop
--The hired photographer for his new CEO photo can't find Tony because LQMT really doesn't have an address, so they haven't released the statement without the new photo
--Tony Chung can't write two or three vague but positive sounding paragraphs
--Tony is having second thoughts about his new position and the immense pressure
--If restaurant workers now make $15 an hour, proportionally the CEOs of a publicly held firm should be making WAY more than $250k a year. So Tony is going to taper down his work output, starting with not issuing any public statements about anything.
Uhmmm....I think the company has been paying TC for many years now for wonderful ideas and expert guidance.
I'll let you know when I come across any accomplishments...
I would like to know that if someone thinks Tony Chung is a game changer, knows potential customers well, or otherwise is the inside guy we need--why hasn't Tony Chung provided these services already when he was on the BoD? The CFO? Or a member of whatever committee he may be serving on?
Do you really think that since he has a new business card that he is going to flower into something different???
While I have your attention Tony; let's talk about your salary and your CEO responsibilities.
We all know you have accepted your position because it was offered to you. It's not something that you've desired, not something that you have worked hard for, and not something that you have worked up to. You probably feel $240 K a year was free money for signing your name on some documents four or five times a year and making a few phone calls. Making sure those treasury shares are being sold and the money is being deposited correctly. Oh! and I guess you gotta step up as the landlord occasionally. Easy peasy, right?
But Tony, you know that all other past corporate exec's have TAKEN from LQMT, they rung the cash register for themselves. They exited and lived happily ever after. You Tony; are only maintaining. Your $240 K a year only allows you to keep living your current So Cal lifestyle, you are not getting ahead.
And, at some point in time in the future; you are the bagman. It will be your job to tell shareholders why they are not becoming rich after they discover the rest of the Maze raking in the cash. You will be the guy who has to continue the wind down of LQMT. You are the guy who will be tasked with telling the shareholders, the past customers, and the public "It just didn't work out". In essence, there will be real work and real pain expected from you. You'll realize your predicament only after it dawns on you that Lugee and HK Liquidmetal has totally ghosted you too.
It's not worth the $240k a year to captain the sinking ship.
Tony Chung is the perfect stooge to run LQMT. Most importantly, he knows to obey whatever HK Liquidmetal tells him. He knows to keep his mouth shut and maintain the status quo. Finally, he knows the corporate culture of LQMT from Kang forward.
He is also the fall guy.
Lugee Li is ghosting us. Last Friday was just another step in his continued gaslighting and one step further from responsibility.
You mean the posting of a random stock photo of a guitar bridge that A) is not a Martin guitar B) does not have LQMT bridge pins ?????
You guys are willing and wanting to believe anything. Literally anything.
This "old BS news" was 7 months ago.
In case anyone needs some background on Jason Bond, his company Raging Bull, and how he advises followers:
https://www.marketwatch.com/story/stock-tip-company-raging-bull-accused-of-137-million-fraud-01607401191
Uncle Lugee: We investors were looking for proof that you are still alive.
"FU, I QUIT!" was not the proof we expected.
Jus' say'n
Attention Tony Chung:
Hey listen, We all know you gotta do what HK Liquidmetal tells you to do and you have to accept whatever salary they say …. but Tom Steipp made $800k a year plus bennies. You should not accept the position for less than that.
Okay???
Please tell me why having the guy who basically sold all of his shares (Tony Chung) dubbed our new CEO is going to make the stock price rise???
I do not understand the correlation.
Have you forgotten the nervous stammering on the quarterly calls when he was CFO?
My post is not to spread a rumor or create hostility. I'm just say'n two things:
If an investor thinks that Lugee Li is so central to the prosperity of LQMT that his unfortunate death would substantially adversely affect LQMT; then you as an investor better price that into your holdings today.
Josh needs to talk to his handlers and tell them that all LQMT investors desperately want to hear from their CEO. At this point they don't care if it's a blog post, an open letter, a YouTube video, Zoom call, or what ever. They are beginning to think that he is dead.
What if Lugee Li was dead?
It's possible, we have not heard a peep from him in 5 years.
But more importantly; if Lugee Li were to suddenly pass away sometime in the near future, how would that affect your LQMT position? Are you prepared???
LQMT makes money when MatterHackers pays their monthly rent.
It's a bit of convoluted accounting, but I argue that LQMT also makes money when they sell a share of stock out of the treasury shares.
From the CoNextions Coronet tendon repair system???
https://www.conextionsmed.com/conextions-tr-tendonrepair-system/
Everything I read from the application tool to the staples themselves says:
stainless steel
stainless steel
stainless steel
Admins:
Can we sticky this post?
Remember when:
Lugee Li took over and said that he was going to have high level discussions with Apple later that Fall???
What ever came of that discussion? It's be a great question for management.
Crucible is still an ongoing concern?
I think that was sidelined a few years back just about the time of the HK Liquidmetal regime.
And regarding all those Crucible patents; they are only getting older. Getting so old that the practicality of them being implemented in a product is mute.
So....with no research and development going on for the past three years, it's important for LQMT to keep silent to keep silent because they are trying to sell sell their efforts from 6-8-10 years ago???
You don't think the LQMT stock price is being artificially held up????
Look no further than the price history of LQMT during March and April of last year when universally equities across the board were falling off the table--except LQMT it was a stalwart at .07.
This is not because it was such a good value, it is because the fix is in.
I know the answer to this question!
It’s the same answer as the often asked ‘How does LQMT get paid for all those Tesla hinges?’
<cue: Sad Trombone>
'Know what's amazing about China???
They are sold out of everything! Every time I turn around I hear that Covid has caused a backlog of Chinese made goods. Or, we are having a difficult time receiving foreign made goods.
It's like everything made in China has been sold. Their shelves are bare. There is no more inventory. Every single thing was sold and if it hasn't been received by the buyer, it is stuck on a boat in the Pacific.
So...it is hard for me to believe that the Maze has not been manufacturing BMG products over the past four years....where have they gone????
If Li was out to drain the company, why then does he draw no salary? [/I]
It was not his personal money to begin with. It was the consortium that is HK Liquidmetal money.
5 years ago they paid .16 a share for LQMT's IP. In their eyes that transaction is long over.
That's why Tony Chung sold his position, as the former CFO; he knows.
Sorry to inform you Eags but Lugee Li, Bromage, Chung, and our BoD are going to get off Scott free. And, karma free.
Just like Tom Steipp. Mr. Stiepps had a salary of $800K a year for eight years. He received a severance package. And he has his Navy retirement. I'm sure there is a smile on his face every time he arrives for his tee time.
Severance packages--that's where the remaining funds of Lugee's investment are going to go.
And, in time; what ever company or investor HK Liquidmetal has been paying to artificially keep the stock price up is going to get the same "We are terminating your contract, thanks for everything" phone call.
The share price will tank to its' true market value. Any remaining bag holders will be left.... holding the bag.
It will be the easy way to dissolve the company. They won't have to explain where all Lugee's capital went. They won't have to share to proceeds from a future sale of the LF property. They won't have to answer questions about where all the tools, machinery, and Engle machines went.
Today was a terrible day if you are a Stockwit. For them it must be a real punch in the gut listening to todays ASHM. No matter how stubborn, today told them that they have been wrong about LQMT all along.
And soon it is about to be a terrible day for our friend Josh. In short order there is going to be lots of LQMT bashing going around. And I'm sure Josh is going to be on the phone with his HK Liquidmetal handlers saying "C'mon guys, you gotta give me sum'thin... there is too much LQMT hate going on. If it continues it will be irreparable and you'll NEVER get back to .16 a share."
Their reply is going to be "We are terminating your contract Josh, thanks for everything."
Yes all of Li's shares were bought in the name HK Liquidmetal. Yes, if you look on Google maps you'll find a Hong Kong Liquidmetal residing in some busy office building in Hong Kong.
I understand the reasoning why making a large purchase of LQMT would be made under the cover of an investment trust or a corporation. But the association ends there for me.
The truth is it has never been disclosed who owns HK Liquidmetal. It could be Lugee Li. It could also be who ever co-owns Eontec. It could be that busload of Asians that pulled into the parking lot at the last ASHM. It could be the ownership of some MAZE company. Or, got could be some convoluted other interested group. The fact is nobody knows...and Josh does not want to answer the question because it is a sore spot and does not follow the storyline that Lugee Li is some superman.
So tell me, who really is that majority shareholder????
How do you know Lugee Li is the 100% owner of HK Liquidmetal????
Instead of hiring Josh, Lugee Li should have our BoD do the same work.
Yes, I don't believe the BoD has done anything other than be a rubber stamp for the past 15 years.
My audacious expectations of our Board of Directors:
--use all that industry experience and knowledge of their bios to push LQMT forward. To sell LQMT BMG concept and ideas to ALL the industry insiders they know. It is not unreasonable to have thought that LQMT would have gotten past sales from the efforts of such a spectacular BoD alone.
--to be publicly vocal. To publish opinions and musings about LQMT, the industry, and LQMTs position.
--not be a rubber stamp. All the negativity you hear from shareholders today? Actually, the BoD should be held responsible for the answers. The BoD is responsible to the shareholders interests, ya' know....
Ya' know who else has trouble separating the words Liquidmetal???
Our buddy....
https://johnkangliquidmetal.wordpress.com
Our BOD has done absolutely nothing for the past 15 years except cash their paychecks.
Bridge pins:
The bridge pin order(s) from Martin concluded when LQMT vacated LF of all tools, machinery, and materials. That was a little over a year ago. Do you remember the the frantic push before leasing the building for them to completed orders and give back molds before the move out?
Dental:
Also a completed project. Here is BB talking about it in 2018. https://www.liquidmetal.com/exec-growing/
Royalties:
The ain't none and there never will be any. Again, Hong Kong Liquidmetal has shown absolutely no desire to share and I think it's reasonable their attitude is not likely to change--ever.
I stand by my statement that the only revenue that is current for LQMT is from 1) the sale of shares of stock 2) rent from LF. Everything else is imaginary.
Today has been a great day on this board!
I get the feeling that most here now have the same feelings that I have had for the past 4 or 5 years.
No.
We only receive money from Matterhackers, our LF tenant.
How about a PR or 8K regarding those fabulous LQMT hinges that have been improving Teslas for the better part of a year?
The answer is there are no LQMT hinges on Teslas.
I think a lot of pick up truck buyers trade in their old vehicles because the threshold (usually the drivers side) wears out.
If only there was a way to make those last as long as the transmission...
So....how did that Ford thingy all turn out????