is…out the door and not looking back…
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Agreed, if nothing else, no one can question Lugee's words being backed up with actions, including meeting, or beating timelines.
Remember how we all questioned the December extension on the funding, but then he closed the other 55 mill two months before that? May have to wait until Q3, but better that than what was.
5 years, but think of those having since almost inception. It's all relative. GL.
You're right, but ugh, aren't we all tired of waiting? Regardless, Lugee is on the same page - he wants to do it right, wants people that are motivated for the cause and isn't interested in wasting time and money, since it's his, which falls in line with our interests. Enjoy! (Haha, you crack me up).
Was thinking the exact same things - is Hauck still relevant? Or is MIM being pursued because of Hauck and Weyler? I don't think anyone would disagree that there is no way they would be entertaining three methods of manufacture if Steipp was still CEO. It's interesting he was announced as CEO and President "Professor" Lugee Li.
I think there are many questions open right now, but none of them negative. If nothing else, though, Lugee has been very direct on these calls, hasn't overstated anything, and has followed up his words with actions.
In fact, it may be a required disclosure, but the 10K, exhibit 10-57 has a PDF of the entire building contract. No question about that building with that contract presented like that. Damn shame he wasn't here a year ago, but better late than never, right?
You going? I think I am - again - even though I'd never do it again.
Nobody is going to get $10 a share -- there are too many shares
outstanding. The company had its chance to become valuable by producing something and blew it by choosing golf clubs, fcs. It has stayed alive by diluting its shares
and selling them by the boatload to speculative angels that kept the company afloat with millions here and millions there.
MI have been in since 2010, in that bubble with Apple, which, as usual, had its way. The only way Li makes money is by selling the technology to a company that can use it and/or license it. LQMT will be acquired for cash or stock or a combination, and the price
will not be one stated in dollars per share, but cents.
It won't be Apple -- Apple already has the right to use the technology, but has hardly bothered doung so. And because Apple is not a prospective customer, the value of the technology is reduced.
But many other companies can surely see that owning and controlling --and also possibly using -- the technology could be very lucrative, and in the long run more profitable than a license agreement or a production agreement (LQMT only has two machines, fcs!). So an acquisition deal will let Li double or triple or even quadruple his investment and still involve a price
in pennies.
And you know what? That is good enough for me. I have hung on and bought as it dropped for 7 years because I think the technology is great. And if I "only" double, triple, or quadruple my investment, that is fine with me. I am already up by 50%, by virtue of dollar cost averaging, because I bought a lot at the bottom. That is a 7 percent return for the 7 years I have held it, and I still hope for somewhat more.
I just hope Li makes a deal that is fair for all, so it does not get tied up in a class action for a decade. If he tries to cut a deal that screws all the people like me, who have been in this for the long haul, he is going to learn something about the American judicial system that his experience in China has not prepared him for.
Nobody is going to get $10 a share -- there are too many shares
outstanding. The company had its chance to become valuable by producing something and blew it by choosing golf clubs, fcs. It has stayed alive by diluting its shares
and selling them by the boatload to speculative angels that kept the company afloat with millions here and millions there.
MI have been in since 2010, in that bubble with Apple, which, as usual, had its way. The only way Li makes money is by selling the technology to a company that can use it and/or license it. LQMT will be acquired for cash or stock or a combination, and the price
will not be one stated in dollars per share, but cents.
It won't be Apple -- Apple already has the right to use the technology, but has hardly bothered doung so. And because Apple is not a prospective customer, the value of the technology is reduced.
But many other companies can surely see that owning and controlling --and also possibly using -- the technology could be very lucrative, and in the long run more profitable than a license agreement or a production agreement (LQMT only has two machines, fcs!). So an acquisition deal will let Li double or triple or even quadruple his investment and still involve a price
in pennies.
And you know what? That is good enough for me. I have hung on and bought as it dropped for 7 years because I think the technology is great. And if I "only" double, triple, or quadruple my investment, that is fine with me. I am already up by 50%, by virtue of dollar cost averaging, because I bought a lot at the bottom. That is a 7 percent return for the 7 years I have held it, and I still hope for somewhat more.
I just hope Li makes a deal that is fair for all, so it does not get tied up in a class action for a decade. If he tries to cut a deal that screws all the people like me, who have been in this for the long haul, he is going to learn something about the American judicial system that his experience in China has not prepared him for.
I really don't know why these types of posts make me laugh out loud. Not mocking you; just funny to see the rants and hard to argue with them, lol.
He's not in it to hose anyone. He just bought a debt-free building with, essentially, his own cash - an asset that can be encumbered by any "tomfoolery" - pun intended for watts, haha.
No one, other than Tony Chung, knows how quickly Lugee will make it happen, but better him in place with all those personal dollars at stake, than anyone else out there. Chung is locked up until end of May. I'm guessing we see something pretty positive no later than August.
As PDP used to note - when Chung buys, shareholders should buy. I think he's very correct on that.
1 post in 7 years and I have 975 posts in 7 months. I need to get a life, lol.
GL.
FWIW, it's been steadily climbing too - not so noteworthy, but it's outperforming it's competitors, pretty significantly, which might be noteworthy. Plus, there has been more volume on questions on their website related to BMG's and "phone boxes." Too bad the same interest in Eon isn't translating to the U.S. with LQMT - well, not yet, anyway.
Good stuff. Didn't realize Stratton was back at Apple. He apparently came back in Jan 2015 - long time ago. Damn, it's been a long haul...
If anyone wants to know anything that lives in CA, this is the guy, Jan-Erik Palm, to pal around with. I'm sure he knows a good amount of info...
http://www.spectrumcommercialinc.com/company.htm
They didn't make a killing on that building. They bought it for 4 mill in 2003 and had 6 investors sign on with them.
The Company that was there got their last shipment on Feb 11. Guessing they were out right after that.
Lugee's attorneys.
Ooh, you got 11,000! Congrats!!! Haha.
One critique - you forgot to announce you got it.
When was his last sale? I can only find 2/23/15, but I though he sold after that. Chung paid .185 or so in Oct 16 for his chunk, but Visser sold 6 mill at .15+ back in Feb 2015. Can't find other Visser/Norden/VPC sakes, although that Feb one probably put him under disclosure as he only had 28 mill left, although he's got those warrants, which I think are considered exercised/diluted for share counts.
??? Trying to figure out the same with that reply ???
Has nothing to do with their "accountant" or financial advisors for that matter. Chung is a CPA/attorney and Visser got burned on his last sale as he sold not long before it ran up, along with the fact that no financial advisor will know much about LQMT and Visser has liquidated the large majority of his Holdings.
Chung has one goal in mind - always has - and profits, not tax consequences, rule the day for him.
Visser's decision will be based on Visser's gut-feel and since Visser didn't like Steipp, my guess is he can't be disappointed with the departure of Steipp. So, along with that, the fact he sold too soon, and no financial advisor will know anything about a penny stock like this, his sole decision on selling will be his own gut-feel.
The price is holding at Chung's pp with a 20% premium. That guy is greedy as hell and you remember the words of a guy on here who was 100% right on Chung. When Chung buys, you buy. And Chung even chased it for 3-4 days in a row. He can't sell until end of May, but won't be waiting long after that.
Lugee has 100 mill shares at .25 that are $4,000,000.00 under water. He sells any of those .08's and he might as well use the rest as toilet paper. And as an insider (remember, when he bought in in March, he was immediately appointed to the Board - becoming and insider), his last funding/purchase in October is locked until end of April, so he can make money on his .08's, but it ain't rocket science to know how selling those 100 mill shares at .08 will affect the remaining $56,000,000.00 he put in.
In other words, sharpen your pencils to figure out how much money you want to make for 2017.
Haha, hilarious. Lugee sunk 64 mill in, but forgot to consult top immigration and tax attorneys?
That stuff is at the bottom of the list. Revenues are at the top.
Right back at you, pay.
Good luck. Tough tests.
Good stuff. Thanks.
No, he wasn't Anax.
Agreed. Makes a TON of sense.
Yes, he's the one that asked the question. He really had some really good questions.
From your mouth to whomever you do, or don't, worships ears...
I'm not making excuses for anyone as one can never fully understand motives unless being put in the other person's shoes, but if Lugee was "so ready," or anyone else for that matter was "so ready," to make money off BMG's, then why weren't they doing so in 2014 or 2015?
I despise that c.c. transcript reminder, but if it wasn't ready, or something worse was at play, what are you supposed to tell irate shareholders? I'm really not sure you can tell them anything other than stories, so they aren't calling for your head.
Yes, I remember you justifiably sarcastically muttering something about, "Where have I heard that before?" when Steipp made that comment at the Open House about the disappearing 3-4 customers. It was funny and not-so-funny as Cima, you, me and I can't recall the other guy's moniker, all reminded Steipp that he said it, to which his reply was, "OK, if I said it, I said it." Haha, that's a set, man. You just told people on a call 3-4 customers were "absolutely" on their way and then you don't even recall making the comment when shareholders have been hanging on that "hope" forever????
However, I don't know what I would have done in his position if the tech wasn't ready. Think about it - you're working with Apple. You're not making ridiculous money, but you are making good money, but if the tech wasn't ready, what kind of answers do you give shareholders?
I know you want to hang him up by his thumbs and I get that, but if you have nothing to report and you're trying to drag the time out until you find something, or someone, that can carry out the mission, what do you tell shareholders without wanting them to chase you out with pitchforks and torches? I really don't know. I don't think there's a simple answer and you could have ended up with a Barney Visser (which was a bad deal in the end, although many including you, me and many others - thought it was a good deal initially).
Fact is, Visser wanted to grab it all. Yes, that's a fact. So, they got painted into a corner getting out of that deal, but there's really no way Visser would have been better than Steipp and if there is any retrospect to this current deal, it's always be careful what you wish for. The only difference this time is, I think, a lot of people are much more measured and still skeptical in their analysis, so in my opinion, words followed up by actions mean an awful lot to many long-time shareholders, until revenues are produced, which is obviously the ultimate proof and what will obviously move the price.
The 8-k was after hours. I'm interested to see if we have a 100 mill share trading day tomorrow.
Yes, I'd say that's a material even when you're paying out 12% plus of the 63.4 mill invested. Regardless, that's a smart purchase.
Just your opinion - good or bad deal? 20 mill for all CE and what you believe is the R&D poured in that has been alleged to be worth 500 mill.
In other words, if you were Tom Steipp, at that time, and Apple offered you 20 mill, said they'd do research, the research would be patented and titled to CIP - if you were Steipp, would you make that deal?
Not before Lugee, haha.
Do you recall the name of the Chinese professor that was Lugee Li's mentor?
That works, I'm not holding on because I feel differently either; just waiting for the performance to catch up with his investment as well as proof of strategy coming forth in terms of dollars of revenue that exceed what LQMT has produced in the past.
As it is, he's still got 25 million dollars invested that's worth 22.55 million, although he certainly propped up valuation for an awful lot of people with his buy-in. GL.