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I fully agree and I would say this argument of why buy a building in one of the most expensive areas of lower 48 you can have one, is what has kept me in this investment in LQMT. 8 million for a building, many thousands for utilities, 10's of thousands in property taxes, plus several million for machines. Not including maintenance, and all the other cost associated with having a commercial building in Lake Forest CA.
I have voice my opinion as much as anyone here about how disappointed I am with the non performance of LQMT and I am and still am the last QER we just had was disgusting at best.
But having said all that - the facts are no one in buys a 8 million dollar building in the most expensive part of the lower 48 and fills it with a couple million of machinery just for a scam or IP. Li could have just bought LQMT outright sold off any assets in the US and headed to China with a brief case if he just wanted the IP. There is zero reason for the LF building if he his not planning to manufacture something there at some point.
Well if you were to go by say a fairly standard analysis few point many conservative analyst would say you should not pay more than about 10 times earnings for a stock. I think there is roughly 900 million shares of LQMT available (probably not all available on the open market) so let's use 800 million as the number for sake of argument. So by textbook you would need earnings of roughly 10 x 800 million = 8 billion dollars. So when the company hits about 8 billion dollars annually in earnings the share price value could be around $100 per share - that's approximately a share price of 10 x earnings: 10 x 10 per share earnings = $100. Now that's all textbook perfect world stuff there are a lot of shares in high tech companies selling for much higher than 10 times earnings. For example Apple is earning a little over 10 bucks a share today and selling for 186 a share so that is approaching 20 times earnings.
So all we need is LQMT to have earnings of about 8 billion and WA-LA' - actually LQMT would probably hit $100 a share way before they had earnings of 8 billion, maybe before 1 billion in earnings. Let's see 80K revenue per quarter, that is 320K a year revenue per year - if they increase the revenue by a factor of 10 million - that would be 3.2 billion in annual revenue they get sort of close to 1 billion in earnings? We would need both Tesla and Apple to build everything in LQMT and a few 100 other companies likely - well think will be hear for a while - how many great, great grandchildren do have in your will?
Consider this: If most of the investors here would have put there money on a well known blue chip - let's just use Boeing (BA) for this example. Let's say you have been invested for about 10 years in LQMT and your investment was $20K - essentially in 10 years you might have almost doubled your money if you got in for an average of 12 cents a share, about right. I have been in for 12 years and my cost basis is very close to 12 cents a share.
But what if we would have taken our $20K and put it on Boeing (BA) 10 years ago, they have solid revenue, a nice dividend, create good commercial aircraft for airlines all over the world, have created excellent aircraft for defense department, and other defense countries. Well today that $20K would be worth very close to $120K (6 times your original investment) and you would be generating very close to $2260 dollars in dividends this year.
There are of course even way better examples out there than BA - everyone here can name an example. When you think about it very long you can see why almost every excellent financial adviser advises you to stay clear of penny stock crap - we, and certainly I have learned my lesson, it almost never pays off! Even if LQMT goes to a dollar tomorrow I still would be ahead if I would have put my LQMT money on BA rather than LQMT because of quarterly dividends and increasing dividends.
But let's say that we persist with LQMT - we think for certain 2019 will be the year and we will be $2.00 a share by late 2019. Well were will Boeing be - they have a backlog to build as many commercial planes as they can manufacture with 3 shifts until 2022 currently, they have good defense contracts lined up, and they are getting ready to raise their dividend again. You see the problem even if LQMT does hit $2.00 by late 2019, BA could be well over $400.00 by late 2019 and you could have $3200.00 per year in dividends.
Basically the only way we win with LQMT versus a simple blue chip like BA is if LQMT goes to $2 bucks in the next few months, and stays there do to solid contracts with real revenue in the many millions per month range. The contracts would have to be something that would have to be produced indefinitely and grow in volume over time with new ones coming in the door. Then the question is how much can it really grow beyond $2.00 per share even if it goes there this year - your not going to get a dividend in your life time with LQMT unless your like 20 years old and maybe not even then.
Is there anyone here that really truly believes that LQMT can achieve $2.00 per share in the next 12 months? How many here actually believe LQMT can get to $1.00 per share in the next 12 months? Unless LQMT can hit between 1.00 and 2.00 per share in the next 12 to 18 months your better off to take your investment and put it in BA with a solid dividend or you name it blue chip with solid dividend _____ I think it can be mathematically and financially proven.
There has to be action this year or I'm out for certain - I've been in since mid to late 2006 so 12 years is my maximum for any new startup. I stay for certain until the August ER and based on what's in that ER will determine if I go to the end of the year. In my opinion the excuses are over and done, now is the time for production and revenue.
Hey if the "Pet Rock" can sell so can a LQMT bouncing ball or maybe even a LQMT chess set?
I just sent the following email message to LQMT:
Is there any chance that amorphous metal might be able to be molecularly bonded to another metal? There is a company in Spokane Valley, WA. called SPUR Industries (see website http://www.spurind.com/) that bonds two unlike metals molecularly (the idea and initial prototypes was formulated in a research lab of Kaiser Aluminum) - SPUR bonds two unlike metals together molecularly using the free valence electron principle somehow? I was just wondering if something like this might be possible with LQMT at some point?
Research - do you know if there is any chance that amorphous metal might be able to be molecularly bonded to another metal? There is a company in my town that does this somehow (the idea and initial prototypes was formed in a research lab of Kaiser Aluminum) - they bond two unlike metals together molecularly using the free valence electron principle somehow? I was just wondering if something like this might be possible?
Depends - SIRI has 4.5 billion shares outstanding and they are almost at $7 bucks today; 7 or 8 some years ago you could have picked them up for .05 cents a share (if you were brave enough to ignore all the bankruptcy rumors). I really wanted to get some at .05 but didn't get in until .80 cents. (NOTE: a few years ago SIRI had more than 6 billion shares outstanding but for the last several years they have been buying them back like crazy).
Could we look back at .24 cents for LQMT 8 years from now and wish we would have bought a truck load more? Yes! - Is it possible that 8 years from now LQMT could be a $7 dollar stock; it could also be a .07 dollar stock.
I'm LONG LQMT until the next QER then well see where I go from there?
I love this game don't you?
If Li owns 46% of the shares of LQMT that means the rest of the shareholders own about 54% of the shares and that does fund the company technically a bit more than Li's part. There may be some credit facility but not much - Banks are not going to loan to a company like this that has no revenue, some private equity firms might at a very high rate or for a good chuck of equity which Li probably won't allow. He still has to answer to his shareholders, every public company does, unless he wants to take it private and buy us all out.
Okay Eagle now you can announce that Kanadien did not in fact hit the mega lotto iHub office jackpot for his prediction of LQMT closing at .60c on May 11th.
However all of us here can give 3 cheers for LQMT - closed up 3.39% was my second best gainer today - ZIXI was my best today at 5.17% up. NASDAQ actually was down just slight at -.03%
Gee I wish this was true of LQMT - except we passed even the maximum for Lynch about 10 years ago
Spartan - that's kind of what I was thinking - does that mean according to Buffet and / or Lynch we should invest in this company?
After all we have just proven our case that in fact any idiot can run this company
Was it Buffet or Peter Lynch that said: "Go for a business that any idiot can run - because sooner or later, any idiot is probably going to run it."
So I have to ask is LQMT a business that can be run by an "idiot"? I think that should be our deciding factor on whether we hold, buy, or sell. I mean according to the experts with the best track record right?
Eagle - it's not May 11 yet? So Kanadien still has a shot; what if it goes to .60c at market opening bell tomorrow or even .60c by market closing bell then Kanadien get's the office jackpot right?
If Apple is interested in LQMT why are they spending so much time on this? An this indicates the aluminum will be around at least for several more years?
https://www.macrumors.com/2018/05/10/apple-alcoa-rio-carbon-free-aluminum-smelting/
Question: Does LQMT have the ability to make a frame for most common sized phones today as one piece? Or can a frame say be a 2 piece part? Does the entire frame even need to be LQMT for 5G or just say the back piece? Can LQMT be used today to make the back of most phones 1 piece?
Actually good way to put it - if it goes to zero it won't make that much difference to me overall I can handle the loss of what I have put into it. However if it does go to $3 that is enough for me to take a lot of trips anywhere in the world we want to go! We can book business class, stay in 4 and 5 star hotels if we want or stay in a grass hut on the beach in Belize. WeAre family, all my iHub LQMT members and me...
Okay so it took FedX about 4 years to turn a profit (it was formed officially in 1971 and turned its first profit in July of 1975 according to your story - I'll even give FedX the benefit of the doubt and say it was 5 years). What does that have to do with LQMT who has been around for over 20 years, I've been invested for 12 years and it has never turn one dime of profit the entire time? In fact it has lost millions of dimes over that time! Great story, maybe Smith should take over at LQMT?
BLOnGO - what you say to those of us who have been in this game for over 12 years - is that a marathon or a spring?
Are there any examples of successful companies that didn't make a dollar for over 20 years? That would make me feel better about my LQMT investment.
There is a definite mathematical relationship - you have to have revenue in order to get any earnings. I'm not an accountant but I am very certain you won't have any earnings if you don't have any revenue?
Somebody correct me if I am wrong - like I said I only had accounting 101 in college.
That is a lot nicer to look at any day than LQMT - let me know if you ever go public and I can get in on the ground floor! Forget LQMT. I know lingerie definitely sells no matter what it's made out of ( the less material the better ) - has Victoria's Secret ever had a bad quarter?
You know what they say...?
At least it will be a lot nicer to look at (I hope)!
For those of us that have been here for many years - we have a hard time believing management commentaries of "all talk" but "not action". You see if I went back 4,5,6 years ago during the Steipp / Hauck circus - I can show you almost identical "management commentaries" except a few even more positive - I remember at least a couple QER where the "management commentaries" where something along this line: "We received 75 or x number of new RFQ's of which at least 3 or n of those should turn into solid production possibilities..." and for other QER during that time period just change x and n above and you have the basic idea. So the question is what has changed? It appears to me a first glance only the semantics of the text - in fact if you go back about 4,5,6 years ago you can find QER's that have more prototype revenue by double or more than this one.
I'm fairly certain I'm only in LQMT until the next QER so that is sometime August. If August QER is exactly the same - what out my dump will be significant.
In my Charles Schwab account it still is saying end of day Tuesday.
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A Texas woman won $1.2 million on an $18 'Pick 5' bet that included Kentucky Derby winner, Justify. Maybe we all should consider a different option than LQMT - or come to think of it either investment is approximately the same possibility?
http://www.foxnews.com/sports/2018/05/07/womans-18-bet-on-kentucky-derby-day-wins-1-2-million.html
Nobody here as any idea if this can get to 0.01, 0.10, 1.00, or 10.00 or anything in between in any time frame; if someone here actually knew that for certain they would buy 25 million shares or short 25 million shares and be a multi-millionaire in 2 years or less. In fact if anyone in the world new that answer to your question they would do the above or more.
Finally, someone who understands a penny stock company that has nearly zero revenue, zero news, zero production, zero contracts, a VP of sales that sells zero and ... ________
Buy a bunch of lottery tickets instead, your chances would be much higher!
Well at least Steipp shipped one thing the Meltner Knives - granted it may have only been a few hundred but at least he got a "contract" and shipped something out the back door. If your going by the text book that is better than what Li has done so far also technically Steipp did more "prototypes" and received more RFQ's than Li - maybe we can argue because Steipp was at LQMT longer so okay but still...
A Lot of times we here like to beat up on Steipp but remember he was a Air Force Academy grad with honors and a fighter pilot by definition in the top 10% of anyone in intelligence.
Exactly and Amen - pass the revenue plate!
All the potential available is already built into LQMT SP - from this day forward only real contracts and revenue will actually propel the SP significantly.
Wrong Sir - and at the current burn rate it will be gone in 12 - 18 months if they sell nothing!
Wrong! LQMT has lived on POTENTIAL for 20 years the only thing that will move the SP starting this coming Monday is actual revenue or a solid report of revenue forth coming. All the potential in the world for LQMT is behind it, they can use that excuse anymore, they have worn out any real investors; and knowledgeable investors know at some point a company has to produce something and quit making up excuses or they will be able to see through and recognize the ruse.
You got a .004 bump or 1.66% up basically you could have bought a blue chip called CBS that actually has real revenue and content everyone wants and gotten a hair over 9% - aren't penny stocks fun? Especially penny stocks that have no revenue and no market?
Well we will find out if LQMT is real at the beginning of next week with the QER release. I think this report will tell everyone hear if it is all a bad dream or if the dream has small bit of reality (or is that revenue?).
This QER determines if I stay around for the next one or not? If there is just a bit of positive news next week then I stay for August - if the August report doesn't have real revenue from production and real contracts developing in to real revenue I'll totally sell out; I've been in this POS for 12 years and I'm getting very sick of the non-production, dog and pony show, all bark no bite and all show - literally.
So far you have 0.019% -- no news out of LF is bad news, or at least the same news which is x prototypes created and y new RFQs received for z revenue where z < 300K. Good job LQMT way to create amazing shareholder value and keep your shareholders informed you must be totally in love with us.
Okay we are now approximately 5 days away from the Quarterly report. Since there has been no news at all since the last Quarterly report, here is basically what we are going to see:
1) 12 prototypes produced
2) 32 new RFQ's
3) at least 1 RFQ should end up being a contract for a few more prototypes
4) $300,000 in revenue (pay's 1/2 of Paul's salary, but hey Li only gets $1.00
5) We think we might are looking at some very positive interest in LQMT going forward
6) Paul Hauck will visit 3 new dog shows this coming quarter
7) VP of Operations has moved from a solid 6 handicap to a 4 so his golf game is improving tremendously
8) The board has decided to issue another 5 million shares at .00001 par
9) ... I forgot 9
10) the mike was supposed to be off but overheard was "what a bunch of suckers..."
I'm thinking about now that my story of "If this company was really as great as I read here and from JB..." that one of the big 3 metal fabricator companies would have purchased it and put in their R&D department. Anyone of the big 3 metal fabricators have people every bit as smart as Lugee. Anyone of them could match Lugee in metallurgy and BMG any day of the week.
What we are starting to find out here is that Lugee is not the BMG metallurgy savior of the world, it is now painfully obvious, or that he can even manufacture one solid product regularly on a consistent basis. LQMT is now a .23 cent stock for a reason; with a .23 cent marketing person, a .23 cent vice president of sales and now what we though was going to be a 1 million dollar president and major holder is losing all his creditability very rapidly. Aren't penny stocks a boat load of fun!
Well again I'll wait for this May Quarterly - 10 days. I will probably wait for the next one in August. If nothing, zip, nada, by August I'm totally out.
Not only will most brokerage margin accounts not lend money on stocks with a share price under 5; I tried to transfer my LQMT shares from Scottrade to Charles Schwab before Scottrade became Ameritrade and Charles Schwab would not transfer the shares. Basically I had to many shares of LQMT and the value of my LQMT shares would be more than my total Charles Schwab account value. CS told me they wanted 250,000 more dollars in my CS account to transfer all my .24 cent LQMT shares in. I could probably transfer something like 10,000 shares at a time but my thinking is I'll wait until LQMT goes above a 1.00 then CS said they would allow the transfer. You can buy LQMT in CS just fine - just not with margin.
If you have elementary kids or grand kids and they are in any public elementary school system in the US then you are already aware that over the last decade the predominate system is "every kid gets a blue ribbon". My wife and I have notice that no kid can be "made to feel bad or left out" regardless of performance. This is going to ruin our future generation more than any thing else potentially - life just doesn't work that way.