is…out the door and not looking back…
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Come on, give him some time. The guy just did a December call and already followed through a month later by buying an 8 million dollar building and moving himself here from China. It's easy to forget how big a deal that is. He's got family and Eon in China, but he's setting up shop and home here.
Hell, Lugee is the reason why Steipp is out. You got a 2 for 1; the CEO you hated is out and he's out because he knows Lugee is going to make him obscenely rich while he sits poolside doing nothing - WIN,WIN.
Agreed, it sucks that too many people had to sit way too many years for this to be ripe. It's easy to say better late than never, but when you wait this long and got screwed by the Kang's, it's hard to not be suspect or doubtful. I say give the man 6 months, though, but I'm thinking sooner things start to come out that won't be a friggin' knife in a Baggie or the "Future Sight of Something Really Cool." Good gosh, how did they think we'd actually buy into that crap? Friggin' Otis. That's a guy that needs to just put his head on the desk and go to sleep.
Haha, that's true. I'm starting to think, that while waiting for the ever-sought contract, this Board would be boring without him. So, not only was I starting to like him, I think I'm falling in love with him, haha.
Watts, don't be so quick in denial on Tesla. Do your sleuthing. Dig around. I think it was 2 years ago already that I found some "stuff." When you see photos that look like they have access to where the general public doesn't go, it makes one wonder.
When are we all going to get our pay, mf?
Yeah, did you see it? He just pissed on my fire, lol.
Getting a little punchy. Today's "action" was a perfect microcosm of where this will sit until someone places a stick of dynamite up Bromage or Hauck and gets them to SELL! SELL!!!
Oh for cryin' out loud, that's NOT a positive post! Here, I have one you'll enjoy-
Tom Steipp is GONE! Ding, dong, the WITCH IS DEAD!!!
No, sorry, he's not soley to blame - bottom line, I think, and not excusing anything, but it's hard to say that the reason for the delay was it just wasn't ready, otherwise someone else, like Lugee, would have been spitting out millions in revenues prior to last year, which appears to be the first year he could really do anything with it in terms of commercialization.
And the fact is, and I know this for a FACT, Materion didn't think LQMT was going to make them money, so they weren't pushing LQMT to their customers. That's what happens when you're publicly traded, not entrepreneurial and you have shareholders and a Board to appease, you don't take risks on materials of penny stock companies.
Do a Lugee flip the cart and give us a positive post to wake this stock up, would you??? Lol, the LQMT gods will never expect it and you'll really be messing with them! TO DA' MOOOOON!!!!!
I'd have to bet on Eon already knowing what the markets are, with "everyone knows Liquidmetal" being the selling point that they were not able to produce with in the past - at least in market LQMT hasn't already fudged up by visiting.
My point is that I really don't see how, knowing Eon has the machines and manufacturing capability in China, along with the customers, that Eon doesn't initially manufacture for LQMT customers, until LQMT builds up a base in the U.S. Again, the quandary is the timeframe.
Enough of my opinions for the day. Have a good weekend. GL.
It depends, but for the most part, the super wealthy aren't particularly charitable with their money. They can be extremely tight. I think Lugee has put his all into it. He certainly doesn't want failure. We don't know if he'll succeed, but I'm sure he doesn't want to fail. As you know, the super wealthy often spread it among themselves. Lugee's money is all on Lugee - no partners. In my opinion, he's in the trenches with common shareholders, except his risk and time are much, much greater than anything currently, or previously, employed there as well as the risk of shareholders. The odds are still stacked, but they're certainly many times better than they were.
I don't think we dodged a bullet in bankruptcy. If we did, Lugee wouldn't be paying .18 or so on average for the opportunity. And Chung wouldn't be buying in at .18+ because he didn't think he was going to make a score. I feel like he bought on the open market to cover his rear in a rise. Exercising those cheap options would have certainly raised some red flags. We just don't know Chung's timeline, but if I know him like I think I might, he's not a patient guy.
I agree, now I wish they could get off -0- already...I mean, damn, is it that hard to be a salesperson with decades of experience and not find ONE customer of note that would take an order for SOMETHING when there are "unbeatable economics"??? If it's not Hauck, Lugee will get it done, it's just torture waiting when Lugee is doing all he's supposed to do with 64 mill in the pot.
That's why I tried to run some rough numbers.
Let's say he's putting in 25-30 machines at 300-350K per. That's close to 10 mill. Now, that's certainly a pretty ambitious number of machines, to say the least, but you know that Lugee's projections of cash flow are real, since it's HIS money.
I'm figuring he's not looking for just a burn over the next year. Hell, if they have several mill in BMG sales at Eon, imagine what several mill in sales would do to the stock price here - even if Eon was doing the manufacture. Several mill, with REAL margins, would be more than welcomed (and push the price upwards), particularly in terms of stemming the burn with no revenues currently coming in.
I wonder how short a leash they're on? Honestly, from that last call, I got the feeling Hauck knows he's on borrowed time. There are no more excuses - cash is there now, pricing is - apparently - competitive, etc. etc. etc.
This is the conundrum. They talked before and it was BS. I complained about that - LOUDLY, so when you think I was the former CEO pumper, I was not. I tried to be objective and respectful, but when I felt I was being BS'd, or something looked "amateurish," I didn't keep quiet.
I'm usually not very good at being direct and to the point, but for once, I think I was because it brought a pretty quick response. I hardly believe that's why they went quiet (my opinion doesn't mean squat and I'm aware of that) and didn't publish stuff like that anymore, but I'm not sure that quiet is good either, although there is no doubt that Lugee saying in the c.c. the things he said - including new facility - and then he goes out and buys one for 8 mill just a month after the call, it kind of adds to his credibility where he's backing up his words with action.
We'll see. There is supposed to be a new website, but if you want something really good with that, you don't just slap up garbage. Plus, when they posted stuff on Eon, they decided to pull it right down. In other words, after the Eon experience, I would think they will be much more deliberate moving forward with that.
Anyone have an opinion on this from the Eon website? Clearly, things are lost in translation:
Latest reply
Will your company in recent months have no funds to research, liquid metal phone shell and the camera shell has no new contract. (January 20, 2017 20:11)
Hello! Thank you for your interest in the company. In January the company did not conduct research activities, but by telephone to make an appointment to participate in research activities, investors, we have to do the registration work, follow-up company research activities, we will advance to inform you. Thank you!
(January 24, 2017 15:39)
I don't know if that's why he has that photo.
I don't really care either way. Everything on here is to be taken with a grain of salt. There are no repercussions to posting opinions on a message board and everyone certainly has their opinion.
More importantly, can we freaking break .25 already?!?!?!? I'm so sick of below .25!!!
Hang in there, you got the change you wanted and it was to the benefit of us ALL. Quite honestly, who wouldn't want to keep the seat warm for 6+ years, getting a decent salary until they could find the right person to take this to TRUE - not BS - commercialization and not only that, with SKIN (his OWN dollars AND time) in the game.
Agreed, though - 3-4-5 years ago would be much more welcomed, but the thing is that if a guy like Lugee - on the cutting edge and aggressive as hell - couldn't make money on BMG's (and to a limited extent) just last year, then what was LQMT's realistic shot? Don't answer that because it's only pissing me off thinking about it, but at least a lot of us were able to average down to - FINALLY! - be in the green. What an emotional haul and the best thing one can do in such a situation is - normally - compartmentalize and remove oneself from it, although I'm clearly not very good at that, lol.
I can't be dismissive of "they" wanted a guy to keep the seat warm on purpose, but that's just another BS opinion, and nothing more.
Unlike a home purchase transaction, residential leases aren't publicly recorded documents... Just curious, how did you know that?
What prevent Apple purchase BMG from anybody else?
LQMT Going UpUpUpUp!
Agreed 100%. He just has a load on his plate already, but he appears to be tireless.
Bottom line is Hauck better step it up!
That is of course if Steipp did not secure some sort of agreement with Li to protect some of his friends.
As good as Li is purported to be, it's going to take some time
Brucey boy adds no value but certainly has sucked the shareholder teat dry.
It is simple.
I was wondering why the Chinese stocks - aka Dongguan Eontec - hadn't traded since 1/26. It's related to the Chinese New Year and they're closed all the way through Thursday.
Regardless, pretty sobering info coming out of China and I would suspect that the emphasis on robotics in China is going to make this even more commonplace:
http://www.telegraph.co.uk/news/2017/01/29/chinese-new-year-workers-travel-home-final-time-chinas-big-cities/
To be fair to Paul, his RFQs was from 2015 work and it is based on selling INJ-LM105 with RSM factory.
This is why he got another 6 months honeymoon from Li for "revisit" tour.
Ruff, ruff.
http://onemanz.com/guitar/reviews/acoustic-guitars/martin/martin-ss-00l41-16/
These pins are currently too expensive to produce in mass, but Tim Teel hopes they can tool up to make them available for general use, and possibly have them for sale through the Martin’s 1833 Shop. As it stands now, you might be able to get them added to your upcoming Custom Shop Martin guitar. So inquire through your Martin dealer if you are interested.
Have you found an apt or small office to rent across the street?
By the way, shareholder lists can only be obtained for a "business purpose" (finding out who owns what doesn't qualify) or if you're a major shareholder (still need a business purpose - tender offer is an example; the purpose being you want to know who you need to contact for the buyout), but so many shares are held in Street names anyway that even if access was provided it would be difficult to surmise who owns what.
And if you are relatively young, this stock will make you feel old mentally, but when it goes, a lot of us will be partying like we're back in college, lol.
Regardless, nice to see some real execution of a Plan, instead of just relying on others, Engel, etc., to make "news" for LQMT.
http://atakanpeker.com
His Sept 2013 post was a sobering reminder reading that he expected Apple BMG use by 2016. I remember thinking he was bitter and me being pissed he set such a distant timeline, but 2016 is a month behind us - and no use so far - at least as far as we know. It seems more like his work with Turing was intended to satisfy that timeline.
P.S. he's not talking anymore apparently. Not speculating, just strange he started that blog, said he'd say more, but then stopped posting to his blog in Oct 2013.
Damn, after reading his blog, I cannot believe how many years have gone by. Holy smokes, what an eye-opener.
. Talk. Talk. maybe you should give it a rest.
In many respects, you guys were prescient and ahead of your times, you just had a CEO who turned out to be a lying sack of manure and another one that just was keeping the seat warm for 6 long years. If you had sold, and then this hit, then where would you be? I had sold .07's at .13, but still have small pieces at .65 and .34, although I'm in the money, like most here now. You dismissed it, but if you had luck on your side back then, you'd be retired on some tropical beach somewhere catching stress-free ZZZZ's...it's all timing, sir.
Lugee has the sense of urgency because you hit the nail on the head - skin in the game - and not "Chung skin" - real money, real time, and a real passion for the cause.
GL, watts, you long-timers deserve it more than anyone else.
For what anybody knows, Li and others like him may already own
major stakes in the companies we talk about every day. Not saying that is the case, but sure has heck, the folks here that keep talking about restricted currency and Chinese investment are quoting out of a so called rulebook, and don't understand that the rules don't apply evenly, or even at all in some quarters.
Good gosh, I can only imagine how you replied, lol, that you got deleted. I'm guessing it was your reply.
Don't you know I'm starting to like you again even though you relentlessly rip others? Sure, we'll piss each other off, but I respect the BS you and other long, longs had to deal with. There are very, very few on here that couldn't/wouldn't have bought at the same time. Hell, the way this was going, one would almost think it was the same breed of newbies, but not anymore.
Time for your payoff. You REALLY long-term holders are survivors. You don't have to worry about this being a "young man's stock" anymore, which by the way, would have REALLY pissed me off too.
We've been pleasantly blindsided by Lugee from the start.
Entirely disagree
I don't believe he is telling the whole story. Which means he's not lying, but not telling the whole truth.
Yes, I think we've all had enough talk.
Interesting take on "postulation":
(I am pretty sure that Lugee is much more humble, by the way).
No ongoing prototypal work.
No manufacturing (not even a MA knife).
No new revenues.
No profits.
I don't know how informative it is, just an opinion based on what Lugee has done and what we don't even know he's done yet. His actions clearly support his words so far.
What you posted is reasonable and rational, but what has happened in the last year, has exceeded some of the wildest expectations, so I think we can all understand the "BIG FISH" desire, when Lugee has proven to be extremely aggressive and incredibly well-funded.
Most everyone, not all, has (have) been mostly wrong on this Company and the proffer of "skin in the game" by insiders, and former insiders, wasn't intended that way, but that one guy was right in some respects - Lugee's skin in the game has driven the expectations and Lugee follows up his words with action. If the current, and former, insiders had bought in the past, it would be only an expectation of a rise in price and to create "confidence," but Lugee's investment is serious risk capital and commitment, unlike anything those guys could have potentially bought in at.
We all know how wild the funding agreement seemed and how unlikely the deal seemed to close, how we questioned Lugee's motives, how we asked where was the info on the new HQ, etc., etc., etc., but now after all these seemingly insurmountable hurdles have been overcome by King Lugee, and in ridiculously rapid fashion, particularly compared to YEARS of false promises and waiting, you start to wonder if anything is beyond this guy's grasp when his most important motivator - making money for himself (and tons of it) - allows the rest of us to go along for the ride and all driving in the same direction. On second thought, and I know this is a stretch, but Lugee, as a professor, scientist and builder, may even have more of an interest in those aspects and those create a passion that can be much greater motivators than just the money. Those factors are what we've seen (think Jobs, Grove, Ford, Hewlett, Packard, etal) help push the boundaries well past just the monetary motives and maybe (admittedly, seems like a HUGE stretch to compare him to those legends, but just making a point where one can obviously go in business if driven by a passion) that's what is happening here, although there's no dismissing this guy's brilliant business mind. He almost appears to be tweaking Apple, although that thought might be totally misguided.
So, knowing all that, can Apple be totally dismissed? Most, myself included, would say no way, but I was 90-10, the Lugee deal was fake, never thought Steipp would be removed so quickly, never thought they'd get another location so quickly, let alone lay out 8 MILLION to BUY it. I'm now at the same 90-10 (if not worse odds, although wanting better odds) with Apple for 2017, but Lugee has now put roots in the U.S. - hard to say what his current build-out is with Eon in China when there's nothing saying Eon can't manufacture for LQMT and he already has said he expects huge growth in BMG's and he currently has several million in BMG sales in China.
That's my long-winded way of saying that with all that's gone on in the last 10-11 months, it's hard to totally dismiss Apple, although rational thought says no way. GL as well. We could all always use some/plenty. Very wise man said to me one time - I'll take luck over smarts any day of the week.
Who the heck knows to what extent Apple will use LQMT, but I had my reservations about the continued success of Apple (they're too big, innovation died with Jobs, etc., etc., etc.) and that was 20, 15, 10, and 5 years ago, when I finally bought in 3 years ago to hold and forget about it. With their size and their commitment and patience on R&D, there is ZERO way Apple will, in the next 5-10 years, ever be considered irrelevant or insignificant. With that trove of cash, they are, at least, 5 years ahead of everyone else, they just keep it under wraps. It's almost a necessary to have Apple in one's portfolio particularly when buying in on the dips. Would be nice if Lugee can turn LQMT into the same type of investment.
Peker's 3-5 years is up and he's got an axe to grind with Apple, for some reason (look for his blog that he hadn't posted on for some time now), and made sure to work for a Company to produce an LM phone. He likes to mock Apple and LQMT.
Fascinating to see Lugee turn words into action. Easy to gravitate to the do-ers. That's critical to getting other investors in and buying.
Your posts are always appreciated, Rige.
Buying 1 machine does not send the signal that we are going to be a word producer.
Bottom line we have yet to accomplish anything that makes $. Instead we have spent $ !
Do I believe? YES
Do I trade? YES sold a substantial position for $.2499 and bought back at $.231 increasing my holdings
I am comfortable with my position as it continues to grow.
Eagle if we had the same number for shares as we had a few years back we would be at $1.00
Now we we 4 times (or greater) the number of outstanding shares and are looking at $.25