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Pourquoi?
Warren Buffet once claimed he only invested in businesses/products he could understand like Wrigley's gum, Coca Cola, and trains. Then he turned around and bought Apple. Which he did not understand, didn't even own a smart phone (does now). Traitor. I did not know he was going to pull the rug out like that! Of course, Apple has been the favored savior of LQMT since 2010, but that turns out to have been a one off to keep the IP out of the likes of Samsung's hands, and reserve it for future use if Apple got into BMG..So it seems that day may have arrived, and nobody is knocking on the Valencia Circle door. Read it and weep, unicorns..
I think most people understand that one person is calling the shots at LQMT, and that person has sidelined the company. If the BoD, which has the duty to look after shareholders' best interests, is exercising oversight to that end I see no evidence of it. More like the best interest of one minority shareholder. What is really in that one persons best interests at this point is difficult to say.
However it sure seems like it is not compatible with the majority of shareholders, given the published results and lack of activity.
Ahhh, I got. Good on you :)
It does not take much imagination to assess what happens when tensions rise between nations. Just look at Russia today and the exit of US interests. Or WW2 and Germany, Japan, Italy for that matter. But behold, China is raising the stakes. Think shooting a balloon could start WW3? No? Well, Arche Duke Franz Ferdinand and WW1, another "shot heard around the world".
Nuts. Since then, we have come to believe that trading partners are less likely to go to war. Makes practical sense, but not to the
folks who believe they are entitled to world domination by virtue their superior culture. Nuts. How does this impact LQMT outside shareholders? Just read the numbers, listen to the silence. It is going nowhere. Keep an eye out for who pulls their stakes out of the Empire.
Apple season is over, yet here we are with another of the thousand rumors that do not come true, at least not for LQMT shareholders. Yawn. Instead of them apples, how about pocket knives, dental tools, watch bezels, sim card ejectors? That would show brilliance and legitimize our global leadership in BMG, with money in the pockets. Wowzer!
Based in Nigeria, good luck with that!
You have that dead right!
LL's cost basis.
" there will be plenty of speculation to the actual value to spike the pps to the moon for all to benefit by". However briefly, I would add. If it is just soft news of another 'agreement', take the money while you can. If it is a measurable contract with Apple, buy more. If it is expectations from the China maze royalties and fees, think twice. If it is a buyout, probably 16 cents, big disappointment for longs. Cannot help but to mention that LUCID just spiked on buyout rumors, a company largely under the thumb of the Saudi government (kingdom). Then retracted on the the news they were not going to buy back all the shares. How about them apples!
China is a 'source with mega bucks'. No dice.
Another half truth riddle from a 'reliable source', instantly embraced by the few. LL has been selling large lots of his once flagship company, ever since the CCP announced it was taking control. The real question is how much was he paid per share, and who paid him. State investment companies have made many of these purchases. Were any open market, or all pre-arranged at an agreed price, which is how LL rolls. Try to find the record of these transactions. I bring this up on the possibility that LL has been handsomely reimbursed by the PRC, far in excess of the LQMT devaluation, possibly through premiums paid in his favor. This would not be inconsistent with the reported activity as we know it..
Great idea, I hope it happens, conflict of interest working in our favor for a change.
I wonder how many of those CONMED parts are actually manufactured in China.
I do not know the answer, but would guess NONE? The latest propaganda seems to be that Valencia Circle will prosper because the Chinese are looking to manufacture in the U.S.A. for all their problems at home, like COVID, and well, LL is Chinese. Ah, gee, Lugee to the rescue. Again. Read that as CONMED et alia back on board. I feel better already.
Chip, you have only one concern? I have a great many.. LQMT has been effectively denuded, it is not worth 30 cents to anybody in its present state. But what I do not understand is your comment about Foxconn acquiring the 'whole value chain'. EONTEC is now controlled by the CCP, LL (and the maze) holds only a fraction of his once flagship company. No way will the CCP sell EON to Foxconn.
LQMT Hong Kong shares, maybe goes to market, but what does that buy anybody?
If LL ever was in the game to make big dollars for himself in the USA via LQMT, which I had once hoped for, that train left the station some years ago and Valencia was abandoned. And LL was likely generously compensated for bringing the IP and brand home, via purchase of his EON shares by State Investment Funds, etc. The CCP is in control. And they have growing issues with the West.
Who dumped today?
No material revenue from product sales in the U.S.A. or Europe. No material revenue from China (maze) based royalties. Undefined charges for prototype development In China. Forever NDA's that never result in material product revenue (very strange). Share price remains tanked. Officers and Directors silent. Global headquarters farmed out. Head count unknown, is there even an up to date organization chart? Yet endless hyper ventiliation over Apple, the hinges, yada yada yada, and the industrialization of BMG, in China anyway. All that and bupkis, zilch, nada, to the pockets of LQMT shareholders. That is the twenty year record. What is with the learning curve here, anyway?
Hah! Good one!
First ten years, second ten years, third ten years, fourth ten years........that;s thinking like a youngster. You had me fooled, I thought you were a senior citizen.
Like me, Eagle. Like WATTS. His excuse is, he did it for the grandkids (even before he had any!). I love this board. Ten more years and LL will join in (if he hasn't already}.
"it appears Li made a bad investment". But the CCP made a decision to dominate in high tech, invested in IP, and brought it home. 'Appearances' can be deceptive. LL makes his money in China.
Just for a ball park glance, let's call it a billion shares @ 6.4, that is $64 million, but shareholder equity is half that on the balance sheet. So the stock is over valued unless someone can explain where the other $32 million resides. Maybe the remaining usable IP, goodwill, the brand, insider knowledge? Then there is the curious coincidence of numbers. LL's $64 million, for just short of half the shares. I don't know, maybe a billion shares of nothing happening, really is worth only 3.2 cents, and dropping steadily by the numbers, quarter by quarter. This company only loses money, and a breakeven at this level of revenue would be further sign of self destruction, albeit psychologically pleasing to the uninformed. Wait for it.
The yearend revenue numbers are in, and known to the insiders. Meager as they may be, no great feat to simply total the daily electronic columns of mostly zero. Note that this, now in the hands of insiders, has brought us squarely to a nickel. Could be a clue there about how the company is succeeding on behalf of shareholders. Bottom line is also probably in, but maybe there is a little juggling going on, however it won't really matter if history is any indicator. Don't worry though, the brainiacs have stated 2023 is the year! Same yodeling in the wind as always. Ongoing silence from the Officers and Directors, drowned out by all those NDA's, no doubt. How is it that those countless NDA excuses over the years never produce meaningful revenue? Failure rate is astonishing.. I wonder how that figures into the options awards and bonus handouts.
For there to be a major order, the buyer would have to overlook the possible consequences of this being a Chinese controlled company with volume manufacturing out of China via a CCP controlled company (like some folks here overlook). Just a few years ago, the likes of Apple and Ford were announcing aggressive expansion plans for China. Not so much today. A lot has changed in the relationship with China and not for the better. The likes of Apple and Ford is one thing, a penny pusher with no infrastructure in the US is another. It was hard to sell this package to begin with. I do not see the stars lining up in our favor.
Of course it could, and should, all change and the relationship (no conspiracy theory) will get better. However, right now a serious person would have to
think twice about awarding a major contract to this company. Maybe that is what is happening here.
For there to be a major order, the buyer would have to overlook the possible consequences of this being a Chinese controlled company with volume manufacturing out of China via a CCP controlled company (like some folks here overlook). Just a few years ago, the likes of Apple and Ford were announcing aggressive expansion plans for China. Not so much today. A lot has changed in the relationship with China and not for the better. The likes of Apple and Ford is one thing, a penny pusher with no infrastructure in the US is another. It was hard to sell this package to begin with. I do not see the stars lining up in our favor.
Of course it could, and should, all change and the relationship (not a conspiracy theory) will get better. However, right now a serious person would have to
think twice about awarding a major contract to this company. Maybe that is what is happening here.
"Yea but we have heard that for years.. 2023 will be a make or break. I have lost ALL confidence in management."
I agree, but I have also lost ALL confidence in the nebbishes that we have been hearing it from for years. Never right, not one time, as far as money in our pockets is concerned. Is there another reason to be here all this time than money in our pockets? Almost everyone that left their money on the table underestimated the consequence of "enter the dragon" in 2016. LQMT was crushed as a result. Nobody and nothing here is going to change that. No matter the propaganda out of China.
"Everybody in the country knows who is responsible". Rings true, I assumed that was about LL and the CCP, or could have been. XI and the new pandemic surge? Long list. So for us there is yet another new year coming up. Twenty and counting. Seven years from the grandiose "Enter the Dragon" moment. Jack Smit to the outside shareholder. Some folks have made millions off of this debacle. Would you believe it? Dollars, juan... plastic mills on the penny boards. It never fails to happen. What is it really, year of the rabbit again? Have lost track. Bugs Bunny to us. "What's up, folks?". Nothing here.
I agree that is the most likely conclusion. I don't think LQMT is that is important or any game changer for Apple, and their interest would be in preserving Crucible.
Good point, Apple has always had a kind of veto power. Would Apple intervene to acquire at 16 cents, literally small change? Would they drive the price up to a dollar, ten dollars (still small change to them), and make us all happy? My view is that any attempt at takeover would be in line with LL's track record, pre-arranged with all the ducks in a row. What Apple would do is otherwise unknown. In any event, my view is that LL is better off politically, as a minority holder effectively in control of a U.S. based company. For now.
That is a perfectly logical thought, and five years ago I would have readily agreed, via some pre-arranged hoodwinking. Today however, Li's minority holding keeps him out of the sights of U.S regulators on the warpath with Chinese owned companies operating in the U.S.. If he takes it over and it becomes a Chinese controlled tech, that changes. China and the U.S. are trying to calm down their relationship, so maybe it will eventually pan out. Of course there is the matter of Crucible and Apple.
Does anyone really know how that would evolve?
The reason why this is a nickel stock is that the paid pumpers and propaganda out of China have consistently proved to be BS, no basis in hard fact or numbers, for years, much less no communication from what is laughably deemed 'management, officers, and directors'. In my opinion, an ongoing clown act for serious investors.
For anyone that has left their money on the table here, this looks like the end, even a nickel is over priced. A billion shares of near nothing is near nothing. How hard is it to do that calculation, in the light of nothing whatsoever set forward as the financial goals of the company and its general shareholders. Nothing, and virtually no accountability, "partner" contracts which are easily
dismissed, and no appreciable revenue. From anywhere. But the riddler and other clown acts continue to pump. Mostly on other boards, let's be grateful for that.
Because of the weird silence from management and the Chairman, we are left to speculate about the what and why of it all. Taking a more optimistic view, one could reasonable observe that with the mess between China, the U.S., and our
Crucible chum Apple, has escalated sharply since 2016. Thus causing the professor to assume a low profile in respect to LQMT Valencia (gave up his CEO position and put the company on hold). Problem is, this is a publicly held U.S. company and we would expect a different standard of conduct than what might be
S.O.P. in China. But what the heck. . One could probably say the same thing about plenty U.S. companies.
All that great propaganda, and the share price is about to crack the 6 cent floor. Go figure. Oh, BTW, if they do not want to share all that prosperity engulfing China and exploding around the world, that PLA can be modified, canceled, or just ignored given both sides are as a practical matter, controlled by the same powers that be. Show me the money.
Is there even any evidence that the officers of the company inhabit what is supposedly, laughingly, the World Headquarters of LQMT? Are they in Hong Kong, the Mainland, Taiwan, the Panama Canal on a cruise, in hiding, are they even alive?
I think that any business outside of China that is impressed by LL and his sprawling maze, should think twice about doing business with them, and look carefully at what he has done to the US based LQMT. Basically, shipwrecking it without uttering a word from China. That is one indicator of how he does business. Well, how the Chairman, the Politburo, the State investment companies, the CCP, do business.
Like it or not, there is in practical terms endless funding for China to take the lead in certain areas of technology, part of the 2025 plan which is just one part of a much longer plan. The 2025 plan is tactical. The long goal however is cultural, if not psychological, they believe they are entitled to lead the world based on their thousand year cultural superiority.. They are not the only ones to feel that way, but over the past 50 contemporary years, what China has accomplished is extraordinary. I remember
when they started building heavy and refined stuff like tail wings for Boeing in open air "factories" Look at what they can do today.
Bottom line today as far as we are concerned, is not funding, it is if and when someone in China decides LQMT again becomes useful. There is virtually nothing in hard numbers that says that has happened, or any information from the company that says otherwise in any measurable terms. It seems this company (and it's BoD) are not actually controlled by it's general shareholders, even though that is the idea with a publicly held company. One Chinese entity votes enough shares and has appointed enough Directors to do whatever. How is that wrong, given the published history in cold hard numbers, and the state of the company today? Six cents.
"if the military there investigates and ousts Lula the socialist'. Another snide post from the uninformed. Lula had two previous terms as elected President of Brazil, stabilized the runaway economy and the currency ( real), and left with an 80% approval rating. Unheard of.
Another week goes down in flames. Actually, in a whimper, since there is no-one interested in this loser. At least no-one with money. Dead silence from the management and from China. As usual. Even the propaganda is dwindling here in the marketplace. Must be all those NDA's again. No NDA has ever resulted in meaningful revenue, so even if there were hundreds of them over the years, they all flopped. Personally, I doubt if they even existed. Anyone ever see an actual NDA document here, even after the fact? Just more denial.
"My price target is $15.00. My PPS IS 0.12 long term.
My PPS IS 0.08 short term for the wash rinse and repeat cycles."
I believe you. And you are following a traditional strategy. My strategy as you know, is different. You have said that LQMT is your only penny stock holding, out of a larger portfolio. . And yet you are spending 24/7 on it. How does that make sense? And, your cycles trading strategy requires constant vigilance (for 20 years?), what is your time really worth. Don't get this wrong. I agree with your analysis and comments. But the $15 target (mine was $20) was killed by dilution, long ago. My cost basis long term is zero, not even 12 cents. So I do not wash and rinse and follow the stock price, accordingly.
Admire your thoughts and knowledge, but to me it is all about not losing money in the first place.
"My price target is $15.00. My PPS IS 0.12 long term.
My PPS IS 0.08 short term for the wash rinse and repeat cycles."
I believe you. And you are following a traditional strategy. My strategy as you know, is different. You have said that LQMT is your only penny stock holding, out of a larger portfolio. . And yet you are spending 24/7 on it. How does that make sense? And, your cycles trading strategy requires constant vigilance (for 20 years?), what is your time really worth. Don't get this wrong. I agree with your analysis and comments. But the $15 target (mine was $20) was killed by dilution, long ago. My cost basis long term is zero, not even 12 cents. So I do not wash and rinse and follow the stock price, accordingly.
Admire your thoughts and knowledge, but to me it is all about not losing money in the first place.