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Say what you want, there is nothing here but the usual runup on pennies at no volume. There is nothing from the company in the way of hard news that changes the sad track record. And little recognition that LQMT has been sidelined in the great CCP scheme (well published for those that read) to acquire Western technology. Not to mention the belligerent down spiral of relations with China. I wonder, does anyone here remember this sort of build up ever happening before in history? Someone has mentioned a $20 share price again. That was the low end of the risk/reward expectation in the beginning, people were even talking $100. Then massive dilution happened again and again, largely to keep the executive compensation going in the absence of revenue, much less earnings. Same basic story continues today. There is nothing here. And btw, Apple does not need Valencia.
Several years ago, Eagle asked the seminal question: "What do they do all day?". The unthinkable in pursuit of the unknown it seems, based upon the results and our pockets. A wag in Cuba was recently asked what he thought about their system of governance. He replied he thought it functioned pretty well: "We pretend to work, and they pretend to pay us". Synergy. Maybe we should open with the maze in Havana and export to the communist block. Win/win.
I believe the popular version is Bupkis.. But, I am not from Brooklyn. Although I have lived in the Heights.
Every time there is a scheduled financial (AGSM this time) the drill has been the same, for years. The shareprice bounces around on the lead up, the ever hopefuls get the fever and fiddle dance to the crescendo, the day arrives, nothing remarkable happens, the shareprice peters out, and the glad hands retreat.
to do it all over again next time. Question is, will this be the usual, or will June 28 be the big day we are finally in the money. Odds are well against.
I wonder how much they are allowed to take with them out of China. The professor already has dollar assets on hold in the US, maybe he is on a plane to Valencia. Not sure what good that would really do.other than perhaps running the maze out of LQMT, his new offshore flagship. None of it is at all likely.
TC holds the proxies. However it seems LQMT is of little or no value to retail shareholders like us. And, when you read all the COA boilerplate in the financials, there is nothing concrete to raise expectations. Don't forget, no Western company wanted to buy LQMT and it ended up with a Chinese investor looking to capture Western technology for the CCP. Worked for them.
Roger that. Reddit seems all aflutter over it. Go figure.
The LQMT Consumer Web page seems to be showing consumer electronics they have marketed. Guess I missed the Apple waiver?
Let's face it, the information we need in respect to LQMT Valencia's real plans and objectives (on behalf shareholders' (plural) best interests?), is in China. And the effectively controlling shareholder not to mention the CCP, is there too, and silent. Hiding, really, after the OH, the CCP control of our PLA partner EON, and conflicts of interest. But no worry. The downsized BoD which 'met' all of twice last year, still has a single independent director. Note the resume.
(not everybody) still has one independent director.
News flash to all the paid pumpers and propagandists out there: Nobody is buying what you are selling. Nickel land on no volume. Read it and weep, then rethink.
That makes perfect sense, but what if I don't tap twice? How else could it happen. Maybe typing too fast? Anyway, it surprises when it happens. Or maybe I stutter.
Book value is less and moving downward. A question: I also end up with double posts, like you and Chip. What are we doing to make that happen?
LQMT Hong Kong, EONTEC and the MAZE have gathered their forces under the CCP umbrella to dominate BMG technology and markets and are
on the CUSP of engaging the US and European markets, via LQMT Valencia as their spearhead entity. APPLE Cupertino is well on board.
That is what the propaganda machine from other boards has led (hired) some folks to swallow. Complete nonsense. That stubborn six cents
is telling the truth.
All Apple has to do is release a BMG SIM Tool and we are in the money! And yeah, revenue is not important. Wow.
Not to worry, the BoD consists of 4 members, including one independent director, and met all of twice (in some manner) in 2022, not everyone attended twice. Now that is hard working oversight, looking after shareholders' best interests? Or shareholder best interest? LL's interests may not be commensurate the other shareholders. No surprise there. Oh, and none of the officers and directors seem to have any sales or marketing background. No surprise there either. Even so, they had 3 whole customers that accounted for most of the depressing revenue.
Not to worry, the BoD consists of 4 members, including one independent director, and met all of twice (in some manner) in 2022, not everyone attended twice. Now that is hard working oversight, looking after shareholders' best interests? Or shareholder best interest? LL's interests may not be commensurate the other shareholders. No surprise there. Oh, and none of the officers and directors seem to have any sales or marketing background. No surprise there either.
Good heavens. If you are anxious, your are worried. If you are eager, you are looking forward to. Here I hope someone can answer this: How much money has LQMT Valencia received from our PLA partner EONTEC and the MAZE? And, how much money has LQMT Valencia paid to EONTEC and the MAZE (for manufacturing, prototypes, engineering, etc)???
Great, a much awaited AGSM meeting is scheduled, hope is rekindled. Yet, the share price yawns. And the well advanced notice? A triumph of selective marketing. Most of the recalcitrants cannot remember what they had for breakfast this morning, much less a notice for end of June.
All that lead time for the suspense to build.......something at last to look forward to. I also wonder who will attend. From China, Japan, Cupertino....? Expect some bouncing around
over the next month, if there is anyone left paying attention.
Life, itself, is a terminal illness. And many here will not see the payoff from Valencia, at the rate it is progressing. Well, by the numbers, they are going backwards, not progressing. Until 46% of the locked shares and the BoD crack the whip, little good is going to happen to our pockets. The company is sidelined. I personally have no doubt about what is behind this, and it is much bigger than Valencia and the FOMO's who hang on for that dear life. If the Chairman, controlling ( in effect) shareholder, and acquirer of the company control (through Hong Kong) and it's BoD, does not show up for the Annual Shareholders Meeting and answer questions, it is a waste of time, at best a script read from by the majordomo. Phooey!
"isn't messy enough". Well, it does not have to be very messy when it can be fixed at little or no cost. Loose ends. Anyway, not expected as I stated. Still, can't help to wonder about Crucible in all this. Is TC the President. Who is on the Board, any Apple folks? Is there even a Board? Maybe I missed it, could very well be, but I don't recall any announcements either.
Yes, that is the ideal, but what if it is sold to let's say, Samsung. Samsung would own Crucible, as a direct competitor of Apple which has certain rights. Not friendly. Messy. If one could avoid that outcome at no cost...........?
I don't think Apple really needs LQMT Valencia, but has it within their power to lift LQMT through another revenue crisis at little cost. Why should they? Well, suppose Valencia goes to Apple and says we may go under (again), maybe close down, sell the company. This could be an issue with Crucible, which is owned by Valencia but in which Apple has a perpetual interest. How about giving us a limited waiver on consumer electronics in a segment that Apple does not intend to enter, so we can develop a revenue stream to keep us in the money?
I do not expect it, but it is possible, and would give Apple-ites something to crow about.
There is nothing here or even on the other (propaganda) boards that explains away 6 cents, just a lot of wishful thinking and yes propaganda. That has nothing to do with the Valencia bottom line performance which is horrendous and enduring. Why is not any of the propaganda talk about the
outside shareholders of Valencia ever getting paid? Why is it always about BMG and the maze success? Well, because Valencia has not been, is not being, and probably never will be paid, because it is sidelined. And even if it is paid, there is virtually no indication that will flow to the outside shareholders. Maybe somebody on the happy talk side of the equation can enlighten everybody else on exactly how that is happening, with numbers. They cannot. Never have been able to. It is pure fantasy at this point. Six cents is real. The rest is nonsense.
TC is the same person that promised more communications with shareholders. Was it a spelling error? He must have meant shareholder, because we heard squat outside of the canned financials. In fact the only news in the last canned report, was that there would be an actual June AGSM presumably in person. Maybe, maybe not. And if only the majordomo is there, so what. I want to hear about marketing and sales, the failure of.
I don't think that is his area of expertise, or anybody else's it seems. Maybe this is where they float the buyout offer at market.
We all need more time, but many of us are already outrunning the actuarial tables, and can't afford to dawdle for empty pockets like Valencia. Seven more years of the professor's nowhere 'business plan' is not a comforting prospect.
"Biggest investment opportunities are other people doing dumb things". Warren Buffett. Yesterday. Oh my.
"Biggest investment opportunities are other people doing dumb things". Warren Buffett. Yesterday. Oh my.
NEWSFLASH: Apple does not need LQMT Valencia. They have all the perpetual IP rights they need, and Crucible access. NEWSFLASH: EON and the maze does not need LQMT Valencia to conduct their China based business, they have all the IP rights they need plus the brand. And BTW,
the PLA can be cancelled, modified, or just ignored on both sides of the table via the professor and the minions. If you think Apple is the only future for LQMT, better learn to live with more disappointment.
June AGM? If the only shareholder (and Chairman) that matters is not going to be there, so what? After the OH debacle I don't expect to see him any time soon, if ever. Not unless he shows up with a bucket full of orders from whales, and writes a check.
' IF they have a plan to ink contracts and make use of their trademark then it can go above two dollars a share'. That is a big IF. Because IF the objective was to ink contracts...even one whale contract.... that would be the sine qua non of any executive compensation objectives , with numbers. For those that have ever worked in a real publicly held company, that should be obvious. Here, it apparently is not.
' IF they have a plan to ink contracts and make use of their trademark then it can go above two dollars a share'. That is a big IF. Because IF the objective was to ink contracts...even one whale contract.... that would be the sine qua non of any executive compensation objectives , with numbers. For those that have ever worked in a real publicly held company, that should be obvious. Here, it apparently is not.
As I recall, Swatch paid/pays for the license to use the LQMT (Valencia) IP to produce it's own watch parts. I do not recall that prevents LQMT from licensing other watch makers, like Apple which in any event has rights to Crucible. Far as I know, that has not created an issue between Swatch and Apple. But you are right, better DD. Who owes Valencia at least royalties? Apparently nobody does.
From a strictly business-as-we-know-it American perspective, it makes no sense to leave this company laying fallow, as many have acknowledged. It is a $64 M investment for the major Hong Kong shareholder effectively in control of the vote and the BoD. So one can reasonably conclude there is something else going on here. What could it be, pray tell? Hmmm, $64MM to a private investor is one thing. To a first world national economy, a fly speck. This company has IMO been ransacked as a footnote of China's well known strategy to dominate certain segments of modern technology, obtained from the West as needed. This is not exactly a secret. To us, the outside investors in Valencia, what does it all mean? Well, for me, it spells doom. We shall see.
Another Monday morning coming up, many hundreds under LL and the CCP, hundreds more since Apple season started n 2010, well over a thousand from the IPO. Any outside shareholder in their right mind really not get the published numbers? Or understand why it is 6 cents?
Apparently that is the case, because the grand celebration of the EONTEC (our PLA partner under LL and the CCP) 10K leading the world
in BMG (while not mentioning LQMT Valencia or even paying it royalties) leaves us yet again with. Nothing. Just propaganda on Reddit, about
the CCP controlled EONTEC. And an indecipherable maze. They took us apart and got what they wanted. And, well done, IMHO.
So another Monday and we awaken to expect yet another week of useless banter. LL, the prime mover behind this company, will no doubt remain comatose as far as we are concerned, and the BoD (if there still is one) will not meet to rise to their duty of looking after shareholders' (all shareholders) best interests. This company is not in pursuit of anything in my best interest, far as I can tell, which is borne out by the sad state of published performance, and lack of new business. Basically roadkill here. Until someone steps up, imposes accountability, and is transparent about where this is really going. Which is, apparently, nowhere.
Renting out Valencia, purging the equipment, firing staff, moving manufacturing to China along with the IP and Brand (on the heels of the OH), was the last straw. Few recognized it, but the numbers do not lie, no contracts, royalties, or much hope offered.
BTW, as I remember it, Eutectix has those machines from headquarters, the idea being they would use them in production of our domestic orders. I guess they are still wrapped in tarpaulins at the digs in AZ. I wonder who is claiming them in the asset column?
What if an array of products are being sold all over the place, and Valencia is sidelined and simply not getting paid? Would Valencia's largest shareholder support suing Chinese companies under control of the CCP?
Pretty good propaganda for Yihao, here is the part I really like: "At present our products are exported to Europe, America, Asia, and other countries...." All those royalties! Did somebody forget to post them?
If the intention in 2021 was to wrap up the company operations and sell it, TC was the logical choice to do it, with his financial background and the vesting upon sale in his contract. If the intention was to move forward with engineering, marketing, and sale of products, he was not a good choice, it seems to me, and that is how it has played out. No contracts.