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Arcam up today too! What is fair value for this stock?
This is all was printed:
http://finance.yahoo.com/q/ud?s=AMAVF
Arcam - Canaccord Initiated today - stock up $3. :)
Anybody see that we have changed from LQMT.PK to LQMT.OB?
Okay, J.B.: given your stance, in a nutshell, what is your personal opinion. Are you keeping some, just in case? Regardless of the swings - chump money?
dawson
I am glad that you posted this information because has anyone bought a new Apple product lately? I bought a MacBook Pro last week and have to say that the fit and finish of this unit compared to the model of three years ago is quite different. The round power button is really tight in tolerance on the metal platform and the keyboard indentation is a first from Apple. The metal itself doesn't look like the same stuff three years ago. My daughter bought one 3 years ago and she has worn the coating off near the track[ad. This model doesn't have a coating.
It is also less deep, slimmer, and the form is very tight. Is it possible that Apple is using some of LQMT in their MacBook Pro models today? I want to say yes.
All of you need to go to an Apple retail store and look at these models.
It's actually new and old. The writer has been doing some deep fishing. All the more reason to stay focused.
So given this type of dilution, it is better to wait to buy until after 9/15/10.
The overhang explained:
Despite the fact that most of the trading services are showing only 47.6 million shares outstanding (and a market cap based on that figure) neither of those are correct.
The most recent 10Q filing shows that as of August 20, the number of outstanding common shares is now a bit over 86 million shares.
And the "preferred overhang" that the guy was talking about is that millions of shares of preferred stock were issued in May 2009 and are now being allowed (through Sept 15 IIRC) to convert to common shares at ratios up to 50:1 -- if all of them choose to covert, this will boost the number of shares well over 150 million.
And thus the value of each current share will be diluted down to approximately 1/3 of what many people may think (if they are basing their thoughts on a 47.6 million share base).
Someone from the Silicon Investor forum wrote something about LQMT on August 17 that is puzzling however accurate. Anybody care to wade in?
To: Catfish who wrote (99213) 8/17/2010 10:37:55 AM
LQMT has a huge convertible preferred overhang.
I wouldn't touch it until that matter is resolved.
You will know by Thursday morning.
Not to shoot anyone in the foot - but this is pure speculation on the writer's part in this article. She wrote, "It is being reported..."
That's because the inventor Dr. Peker said that Liquidmetal is already using to build the antenna for the Verizon USB727 wireless modem.
Hopefully that is where Apple is headed but no definitive word as of today.
down almost 20 cents this morning. looks like it'll drop further. without any news especially the 10K or definitive announcement, it's going to be tough. Hang in there.
Here's another succinct poster. Read the question/statement and then scroll down to Barbarossa's comment.
http://www.iphonedownloadblog.com/2010/08/14/apples-liquid-metal-in-action/
This is where you need to read more before casting about like a fish out of water. There's a poster on Yahoo (Watts_n_a_n) that has to be on or very familiar with the LQMT team. Read all of his posts. According to Watts, Apple has had a relationship with LQMT for three years and the new, new antenna will be manufactured by LQMT. Given this detailed reply, one has to be naive not to own LQMT.
Here is one that, I believe, addresses your concerns:
Thanks to Watts
LQMT HAS 10 APPLE PROTOTYPE DESIGNS
Liquidmetal already has an inventory (more than ten items) of Apple prototypes that have been developed over the last three years. This relationship between LQMT and Apple is not new. To his credit, John Kang has been a master at knocking at doors; (making a profit and customer retention has not been his forte.)
LQMT REVENUE
Apple will rely upon LQMT to
a) provide the best formulation for the given application which Apple specifies
b) provide the manufacturing JV or subsidiary (whatever the situation becomes) with all the lastest state of the art formulations, processing know-how, and R and D effort which may be required for producing a given product
Bottom Line:
1) LQMT is an R and D company to improve the capabilites and tweaking of formulations for any present and future applications;
2) LQMT is a licensing company: provides the IP required for each client
3) LQMT is one of the partners in a JV manufacturing operation
4) LQMT derives revenues from a)licensing, b) R and D services and consulting
5) LQMT derives revenues from the sales of the raw materials
LQMT will advance and increase its R AND D effort vigorously, but will not be the "all things for all customers" manufacturer. As per above, the manufacturing will be capitalized and expensed as per above.
So, to answer your original question, Apple will not be the manufacturer (they will of course develop the product in terms of design and engineering specs) and LQMT will not be the manufacturer; but a dedicated JV subsidiary will be the manufacturer
APPLE LQMT JOINT VENTURE SUBSIDIARY
This is what is happening with the IP subsidiary alluded to in the SEC Filing)
1) Apple is going to provide out of their own pocket the resources to buy the latest state of the art machines (now injection molding, as opposed to the original and revised editions of die-casting machines). The die cast model is essentially obsolete, as now, the promise of essentially "tweaking" plastics injection molding machines designed to optimally handle the "plastic" or "amorphous glass" attributes and associated processing requirements yields
a) a far superior product output in terms of
b) atomic consistency and uniformity of finished material throughout the entirety of the molded product;
c) the resultant drastic decrease in the rate of rejection of the end product
d) a tremendous decrease in labor (once 2 operators per machine and now only 0.5 operators per machine or 1 man per 2 machines
e) full automation
f) more than a five fold increase in hourly production per machine over a 24 hour shift
[NOTE: MOST of the EXHORBITANT COSTS of PRODUCTION posted on this board ARE TOTALLY ERRONEOUS, as they were based upon the original die cast machines of 7 years ago. The current costs are a fraction of the original in terms of labor per unit, units produced per hour, yield, and ultimate requirements for finishing or polishing. Original prototypes had to be deflashed, deburred, sand-blasted and other processes of finishing applied before LQMT could deliver a suitable product for commercial use]
Finally, the lead time from purchase order for a new injection molding machinery tailor made for liquidmetal attributes is about 90-120 days; delivery 2 to 4 weeks, with about a 3 month period for set-up and testing and early test runs of production. Naturally, there will be probably a minimum of 2 to 3 mos for training of operating personnel. So from this stand-point, we are looking at a minimum of, say 9 mos before an item can be manufactured by a JV or subsidiary operation.
The prototypes already developed will be "contracted", to use your erroneous term to the JV as the production facility becomes ON LINE and ready to receive orders.
I bought and sold 3 or 4 times already and now am holding a bunch at a reduced price. Thanks for reminding us! LOL.
let's make it a point to keep this board going - any who are intent on keeping some shares are wise and Apple is always judicious in who they buy. I'm with Apple.
when I just put in a bid for 1.12 it immediately went back to 1.21!!
how could the deal fall through? they already paid it to LQ.
Don't write this silly crap. It'll spread over the web
faster than you think.
walking the price down to 1.12 - the people that bought on speculation are now running to the exits!
Yeah, but what was your buy in price? .54 cents.
It's fluctuating pretty much at 1.16 to 1.19 at the moment.
Don;t think the US gov't would have allowed it. If it had been an electronics company yes, but not an alloy company.
Okay grand Imperial, I agree with you. :)
They might not be able to - via Apple. But another news item today from Associated Press via the Silicon Investor Apple board.
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26747090
There's a lady....
Try anyone who has trading experience - that's the first rule of thumb,
never to buy on the open!
So here's some good news about the company:
http://www.zdnet.com/blog/apple/why-is-apple-licensing-liquidmetal-can-you-say-bounceable-iphones/7909
It could still be a sleeper stock but Apple will do wonders for it.
EOM7: 6.84 was the high so far. Nenver know with this stock - low 5.77!!
dawson
Probably only. In the past five minutes - lots of 4500 shares for $6.40. Now going straight up. If there are shorts, they're shorter. Probably read your post, Bobwins about the coming bpd!
dawson
I would like to bring a small fact to everyone's attention. A news report today that Pres. Obama is opening oil drill sites off Virginia coast. Also this news:
"Obama is allowing an expansion in Alaska's Cook Inlet to go forward. The plan also would leave in place the moratorium on drilling off the West Coast."
http://news.yahoo.com/s/ap/20100331/ap_on_bi_ge/us_obama_drilling
fifth paragraph
dawson
On Streetsmart, Schwab's platform, the high was 6.52.
must have been 2 months ago
1.63 as an option??
Where did you think this stock is heading in the next three months?
I have read that BEXP and others selling oil for $51 a barrel.
Okay Scott - it's a month later - still feel cozy with your gut feelings? I own the stock too.
dawson-m
Should be a good day today.
FanPaw - Thanks for the PM. I don't have a subscription to that level.
dawson-m
Wilan owns many patents like DSL but only the original Wimax which Wi-Fi is included.
dm
Article published on them, January 7.
http://retirefund.blogspot.com/
Rich: Lots of companies have ignored them but have been taking them to court, one by one, and winning. In the past several days the stock has gone from 2.50 to 3.05 so some people think, a big suit has been settled.
dawson