is…out the door and not looking back…
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Yeah, I'm thinking 64 million of one's own money when the investor is busting their rear to make a nice return, as well as spending even more time and money, is not going to be a situation lending itself to a lot of patience for nonperformance.
With all due respect, even if charts have value - they don't, just ask Buffett (not Jimmy) - the financial analysis can be too easily contradicted by opposing criteria of other methodologies of chart analysis.
To be blunt, the forecasts from these videos have been more wrong than right - in both directions. GL.
Peed in my pants reading about him. Whatsyourprice.com? Hilarious. Thankfully, Lugee is far above that, I'm sure.
So what is your pick of a timeframe when LQMT will start generating some meaningful revenues?
HNY, Watts. Hope you and the long sufferers get your payoff. Take care.
It's actually 94914.
It was interesting reading those posts back then and seeing how many said it wasn't happening. Whatever. No point in belaboring that stuff. Who's right? Who's wrong? Bottom lines is who cares? Regardless, against huge odds, it got done. I still don't know how that transaction isn't a bigger story. One day, I guess...
So far, Lugee has been a man of his word and if he can make his own machines and create his own alloy, this is more than just a money-making opportunity for this guy, it's a labor of love. If you want to REALLY succeed, you have to have a passion for it. He made the "campy" comment on the conf call about sleeping in the Eon warehouse. It was borne out of being genuine, though. No doubt in my mind he's doing the same thing here.
He's just been in since end of October. He'll make it work and people will make a lot of money and it will happen in 2017. I've been pretty on the mark with this Company, particularly lately. Not tooting my own horn and don't really care. Ihub accolades on an anonymous message board mean nothing. It becomes much easier to predict when Lugee has been a man of his word and has been able to execute. I too often felt like Steipp was in limbo with lack of funding, inability to sell, cost issues, etc., etc., etc. Lugee has solutions to all those issues.
Steipp couldn't execute, but he kept the Company afloat until this deal closed and I think, if asked, he'd admit they needed this deal to get anything done. In terms of market value, I certainly wouldn't label his 6 years a success, but looking back serves no purpose when there is something to look forward to.
Hopefully, 2017 will bring some happy LQMT shareholders or, at a minimum, criticism that's more constructive than destructive, present company included. I think I'm kind of done at this point anyway. GLTA and HNY.
3-6 months. The "Why" is because he has 64 million reasons to do so and .25 as a cost basis on 100 mill shs of those 400 mill shs, although with his J.V.'s and commitment from Eon it is probably approaching closer to that $100 million+ number. He is committing huge dollars to BMG's between Eon and LQMT.
It is mind-boggling that the CEO has 2 other successful companies up and running, the speed he gets things going, he has built his own BMG machines, he's a professor now along with being a professor at other universities with a tremendous R&D knowledge of BMG's, and he's spending the large chunk of his time making sure this one goes right. I think it's about time!
The fact is, this whole price action now is essentially Chung's last purchase price + a 20% premium built in that is creating this base, but with nothing to happen until 2017, we'd need something significant to start the momentum again. GLTA.
Yes, it is!
Would be one of the first to admit I'm not a fan of Hauck, and excuses can always be made, but before Lugee, if a prospective legit customer (let alone a whale) did their due diligence and saw LQMT had two machines and then looked at their financials, the prospective customer's purchasing manager or VP of Finance or controller, would ask the engineering group if they were joking.
However, with, at least, 64 mill in the bank and IF Lugee can send out Hauck to say we have X machines for our experienced Chinese manufacturer ready to give it a go for you at a competitive price, it's a TOTALLY different sales call and gives Hauck the confidence they can get the order done.
I want to blame Hauck because of the comments he's made that are just regurgitating previous calls, but think about those issues (I finally have) and you'll unfortunately realize they didn't have a shot. A smart guy pointed out the financials to me a long time ago - and he's 100% right on that. Only a "Company" like Miltner Adams (what REAL company only accepts Paypal for payment?) would be willing to take a shot and then bitch about the "finish" to try and beat LQMT out of a paying for a worthless contract.
Water under the bridge.
Seems like the story line is time will tell, but at least they appear (my hedge, haha) to have it all in place to make it happen, sooner rather than later. It's been torturous for too many.
The key aspect in a lot of this now is if they move, like Lugee said. If they do, then 3 things move in sync - Lugee proves - again - that he's a person of his word, if they move into larger HQ, then they are looking to manufacture for real instead of "prototypes" or "pre-production," and that Lugee is making another major commitment to winning, instead of being happy losing or with a tie score. GL.
Yes, time will tell.
Yes, agreed. However, Apple wasn't consulted on cross-licensing with Eon AFTER the fact. They initiated it. The tail doesn't wag the dog. Little LQMT didn't start the ball rolling on the deal with Eon and then Apple was called in later. Visser was obviously not a cross-licensing deal.
I think this scenario falls flat on its face.
If prometaltech is this far along, where is Dongguan Eontec at in terms of readiness for manufacture?
------------------------------------------------------------
PrometalTech is ready to be your best partner
Best engineering technology for production
PrometalTech Co. LTD is working on high quality amorphous metal (AM) applications with state-of-the-art process technologies. PrometalTech developed extensive capability and installed enough capacity for high volume production to meet customer’s stringent requirements for mobile electronic devices, wearable electronics, luxury goods, sport goods, medical devices and other related industries.
The PrometalTech Team comprises seasoned experts from the fields of technical R&D and mass production. The team comes from a diverse background, e,g, US, South Korea, Taiwan, Hong Kong, and mainland China, and previously worked at high-tech and mass-production enterprises such as Foxconn, HTC, Fanuc, Hyundai-Kia Motors, and Liquidmetal Technologies. Having accumulated a wealth of practices from research to overall management in the field of metallic materials, PrometalTech team can meet all the current and future needs of our clients.
Main Facilities for AM production were designed and built by in-house capabilities to secure the best quality and timely delivery for customers. The facilities include dedicated and specially developed high-pressure mold casting machines, CNC machines, 3D laser cutting machines. Also included in the facilities are specially designed high vacuum alloying facilities to provide utmost purity and to enable high cosmetic quality of AM products.
From alloying of raw materials to final finishing of products, PrometalTech has built all processes in-house. We are ready and confident to provide the best metal solutions to meet your stringent requirements and enable your next innovative products.
-------------------------------------------------------
2015
~ Current On-going proto-typing and developments with major customers for various AM applications
2015. 08 Acquisition of ISO 9001:2008 Certificate (Research & development and production of amorphous metal)
2015. 07 Supply agreement with IG / MAPtech for iPhone6/6S bumper case
2015. 06 Construction of mass-production plant at Dongguan Eco-Industrial Park
2014
2014. 12 Establishment of PrometalTech Co., LTD.
2014. 10 Construction of Proto-center with related prototyping processes (from alloying to post process)
2014. 08 Successful in-house development of production facilities (molding / laser-cutting, etc.)
2014. 02 Started R&D project with WINTOP (Parent Company) for AM production business
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Here's the link for the "link-challenged."
http://www.prometaltech.com/
As Lugee Li said - a very Merry Christmas and a Happy New Year! Let the BMG Revolution begin in 2017! GLTA.
Saw your msg. Thanks. We'll find out soon enough. GL.
The more I think of it, the more the likelihood that these two parties were introduced by Apple. They can't have met on a lark. They can't have met through any other channels because they know that any approval of any deal would require Apple's approval because of CIP.
I would no longer be surprised if Apple initiated this contact between the two parties knowing that Eon, in China (where Apple does the heavy load of their manufacture) could manufacture BMG items to the scale Apple would need and LQMT owns 100% of CIP. And if there was manufacture to be done for Apple, there was no use for Steipp as Lugee both had the funding, CEO experience, manufacture experience, etc. There was too much of an overlap from initiation.
I just can't see any way these parties met up separately and then said to each other, "Let's check with Apple to see if they will OK cross-licensing of patents." In other words, these 2 parties would meet and Apple would be kept in the dark until asked? That's an impossibility. Hell, the legal work related to international laws regarding patents, contracts, etc. has to have cost a fortune and been in process for a year+ alone.
I'm now convinced it was Apple that introduced these 2 because they need them to do something for them in a scale that made it important enough to introduce the 2 of them. And, like Steipp or not, say he was "feeding at the trough" or not, but he would, in no way, have given up his CEO position and absolutely crucial Board of Directors support, until he felt 100% comfortable he was going to score. I will never forget his comment at the ASHM 3-4 years ago about having "no idea if Apple will ever use it." Steipp was staying on until Apple was ready to use it and if Lugee has millions in sales of BMG's already, he's been in process for years of scaling up for major production.
Read up about BMG's in China. They are much more advanced in China with BMG's than we are in the U.S. We have several great scientists working on it. They have large groups of scientists working on BMG's.
Maybe a year from now, you'll be able to buy his old house and be neighbors. You guys could sit poolside each day at each other's pools and tell war stories of way back when LQMT was near BK and no one used to show up at shareholder meetings.
With Lugee, Tom Steipped in Sheet.
Forget Steipp (until you buy his old house, of course) and focus on Lugee. GL.
Yes, vapor lock on the delta issue.
Yes, ex-CEO is in the rearview mirror.
I don't see how a loan is even involved. He's unemployed and only has severance for a year. He's going to be counting stupid money, in my opinion. He's not a risk-taker. I don't think many would dispute that. He likes security.
Yes, I would tend to lean that way too. He wasn't too upset being "fired." As it is, his old agreement was 2 years severance, but this one was cut to one year. I don't think he's expecting to be broke. He gave up the 3 seats and sealed his fate because he knew he was financially secure. The last thing he'd do, in my opinion, would be to cut a deal to remove himself as CEO if he wasn't expecting a ridiculous payoff.
Very good points. Bottom-lining it - he wants money for his efforts, BIG dollars because of the HUGE commitment, and he wants it in the U.S. to have easy access to it. I think a big motivator for him was the U.S. equity markets knowing the severe restrictions put on insiders in China.