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The answer is WHY NOT. LQMT has been sidelined as an operating company. In the grand scheme of things 'China', it is insignificant if not a distraction to their plans to dominate and control the BMG industry in China. $36 million is chump change and LL has likely recovered all and much more thanks to the Chinese State companies and the blessings of the CCP. Maybe some day in the far, not near future, LQMT may serve their purpose, but a lot has to change for it to happen.
I hope the elderly are not counting on these green bananas for sustenance.
BTW, the flaw in the NDA fiction, is self evident. After all these many years of all the NDA's, revenue has not flowed into the company. So either all of the endless imagined products have failed, or it is just more baloney. Either way, it is a dumb excuse.
The company and it's leadership have abandoned the retail shareholders, have no more credibility, no known or measurable plan to change that situation, and remain silent. Some people would take that as a clue. Like, for example, the marketplace does.
It seems to me this is bordering on the ridiculous. For anyone that has worked the far east or even just followed the news, should have an inkling of what has happened here. China has snatched the IP, the brand, and is developing the BMG business and production in China. LQMT has been sidelined accordingly. Why is it so hard to understand what China planned and is doing, right there for anyone to see? The PLA is worthless, and can be cancelled, modified, or just ignored. There is nothing really binding when one entity is on both sides of the "agreement".
This is a joke. There is nothing here, other than a spurt of trading value might occur if another worthless contract is "announced". That is the history, that is
today.
Well not all is lost, the novel rivets will be produced in China by the trainload, and will show up in the Chinese Air Force and airlines. General LL will really be a real billonaire. And the story will be told.
One imagines the Irish fastener catalogue looking for a hot item to push on the continent, and has an order for a dozen BMG rivets just waiting for the patent and behold, it is off to the races. Marketing genius. We are almost there.
If anyone is suspecting we the retail holders, may have been swindled by LL and the CCP, then what more do you need to know? Today, in real time. Listen to
the propaganda that arrived at the same time by the likes of Jos? That has never put one dime in our pockets. LQMT Valencia is sidelined and expendable.
Don't forget the other Chairman, Xi.
"They"? Who is they? There is only one person calling the shots, and the company is acting accordingly. And has been sidelined while CCP oversees the IP, the brand, the manufacturing, and is building the industry in China. Of course, the propaganda may not be all that reliable as spouted on the other boards, and they are failing there too.
No license/royalty revenue, that PAL is a big success, and almost no production revenue, no orders of substance featured, the Q is DOA. Again. The company is
shuttered and dead as a crowbar. Ans help is not coming.
Coming up on another financial, and the company is dead, the officers and directors are wordless and in hiding, and the controlling interest has disappeared. I don't get it. How can anyone not notice that. All they put out is propaganda by paid mouthpieces. Welcome to the CCP, some folks just don't get what is happening right out in the open.
It is propaganda from China It never stops. Not one hard, verifiable fact confiming LQMT's lucrative participation today.
So, no-one has noticed the exponential Xi stress points accelerating since 2016, the movement for delisting of Chinese companies for not conforming to US transparency standards, yada yada. The Riddler of Reddit has not revealed the details of the purchase of LL's bulk EON share sales, for how much and to whom, and at what premium. Although the Riddler knows All. Is that how he got his 16 cents back for acquiring control of LQMT? No-one will fill in that blank, other than to deflect with irrelevant gossip of wowzer BMG sales somewhere on earth, and the Apple dedication to pay LQMT Valencia, for anything whatsoever.
There is a distinct departure between dying and dead. Every day the LQMT needle moves, the wrong way. As it does for many here.
There have been a lot of changes and disappointment since LL's entry in 2016, which roughly coincide with the news that the CCP was taking control of EON followed by LL's large scale divestiture of his EON shares....EON being our PAL
partner. I think people are under-estimating the impact of that change, but it is reflected in the numbers. Also, there is no reporting of how much LL is paid for his EON shares, which he has continued to divest. Via bulk sales at a
a pre-arranged price from a state controlled company? If he already got back his 16 cents and more, what's to lose here?
So Monday is upon us once again. For the thousandth time. Really. Look it up. The IPO. Now seven cents. What few retail shareholders are left understand that today, with the China connection, there is nothing incoming to the P&L but rent of an abandoned HQ, and the $270 million accumlated loss continues to grow. No comminication updates from the management, BoD Chair and controlling holder, just paid pumpers that respond 24/7 to anything because that is todays' cottage industry to earn happy meals from Mom's basement computer. Then there is the riddler that has predictably switched from every diminshing audience media board and ended up prmarily on Reddit and has since 2016 expressed every thought, plan, and for that matter organization chart, of the grand wizard behind all of this. To arrive at seven cents. So, just how stupid does a retail long shareholder have to be, to actually not get what is happening?
To me, mystery is being solved. They are cutting bait. That would be us, btw.
LQMT Valencia has served its purpose. Nicely managed from far away. No answer to my question why is China so reportedly (by the propaganda ) killing it
with those CCP controlled companies, and LQMT is dead as a crowbar. Duh.
Apologies for the double negative, I rewrote a sentence, but the question remains. Unanswered. Inshort, are the propogandists lying about the exploding BMG business in China, or are we here in the West just stupid?
A little overstated, but the general depiction is good. However, leaves a really big elephant in the room to explain. If the purveyers of propaganda are telling anything like the truth on the other boards and the BMG business in China is booming, why isn't it going nowhere here in the USA, or Europe? Are we just stupid, or is the propaganda really not true?
Clearly the case.
Not one credible person has stepped forward to defend the conduct of LQMT management, of a publicly held company, in regard to its retail shareholders.
Riddles, propaganda, and self proclaimed insiders, don't get it done, and neither do innocent bystanders living on hope. The hard published facts tell the story, and have for many years to anyone that can read. And yes, China and thus the Chinese Communist Party control, one way or another, a signature list of U.S. companies. Someone mentioned that the U.S. also controls companies doing business in China, conveniently not mentioning that would NOT be the U.S. government, but private enterprise. In other words, the reason why there is virtually no credible defense of LQMT's conduct to retail shareholders, is that it is simply indefensible.
Thank you for that, there are quite a few. The info on the largest is from 6 years ago, all vetted by the US govt., and quite a few are under Chinese military control. I magine that is getting harder to do. Technically, LQMT is not so controlled, as LQMT HK holds a minority interest. In practical terms however, it is obviously under LL control. So is in an interesting place, that you would think LL would be taking advantage of in terms of revenue and US operations.
I have an open question for anyone up to date on such things: How many companies in the United States are ultimately controlled by members of the Chinese Communist Party, with some examples.
" something big will erase decades of negative data from operating costs." Well, $273,000,000 is a lot to erase. How long do you suppose that might take, Something big like $2.7 billion in revenue? That is a hoot.
What you are feeling is wet, but it is not rain. Been like that since 2016, 2010, and 2002. Yet another of hundreds of rumors of liquidmetal/apple and the umbrellas get tossed aside and the rays of sunshine eagerly awaited.
Enjoy the golden shower.
"next five weeks". Got it, am betting the farm. Actually your farm. This message board is unloading so much propaganda, not real dd for LQMT, from reddit, dimwitts, e tc, that there is no way anyone with a mind should be listening to this balogna, LQMT Valencia Circle is a worthless company in the context of retail
shareholders.
This company is the perfect example of how minority shareholder rights are a joke in the U.S. Look how easy it was for a Chinese based investor to take control, shutter, and export the IP and the brand. Just like that. But wait! He too is a minority investor. Only 46%, far as we know. But he bought the right to appoint board majority, as part of his acquisition deal. Then he left, remains Chairman, haven't heard from him since, but our IP and brand is reportedly doing well in China. Well, given the number of holders that vote, 46% is enough to overwhelm, and there really is no recourse for outsiders. None. Certainly not the SEC. You see, they are smart. They do not break the law. Lawyers.
Anybody can see a transaction, then afterwards claim it was theirs. Anybody who listens to that nonsense should be on the other board. A few posters have gained credibility by announcing before the trade. Copy that.
The posters who arrived with LL and largely ended up on reddit, have an uncanny sense of everything he is doing and thinking, and have been putting out endless propaganda accordingly, have never made me or LQMT 1 penny. But are on 24/7. Speaking of pennies, therein lies the truth. Along with a stone dead, empty, non performing waste of a publicly held company that shifted everything of value to China. Good job, CCP!
Call it like it is.
Good points, Chip, enjoyed your posts. I defer to Michael Lewis to answer them, he is way smarter than me. I assume you are aware.
I have gambled, in most of the world's most fabled casinos, and used the law of large numbers to give me a slight edge over the others. But never enough to call it an investment. During a Christmas break in graduate school, I lost all my student loan money, but had to complete the last semester flat broke, because if I quit, I would have pay it all back, which I could not. Had the good fortune to be hired. 'Luck favors the prepared mind'.
So let’s look at it this way: You are a new investor that has done the DD and have calculated your risk/reward, let’s say at $5, and know enough to put a time frame on it…..3 years. Let’s also say that you know the difference between gambling and investing because you believe M Lewis, who explained in a phrase that stock investing is gambling with the odds in your favor. So, if the odds are 60% for success, you are investing in LQMT. If they are 40%, you are gambling. How do you know? Well, there are couple of decades of faithfully reported history in the numbers and empty pockets of the shareholders, the absquatulating of the major shareholder and Chairman to another land, the ensuing silence, the emptying of the headquarters, personnel, and no new contract announcements of of any significance. For old timers, you have seen this movie before, again and again, that is how you started too. To a new investor, like once you were, do you really want to pretend this is an investment?
Gamblers and riddlers, welcome to the party.
Interesting, Apple did about the same thing with LQMT via Crucible, when they were struggling. To perhaps use the IP, or at least to keep it out of the hands of competitors. After that, zip to LQMT, and that was 12 years ago so Glassimetal should probably take note.
Now watch, someone is going to come up with the notion that Apple is going to put the Glassimetal IP in Crucible so LQMT can use it for manufacturing product in China and hallelujah, the money will pour into our pockets from Apple at last!
Legal, but as a practical matter, unenforceable. LL is not going to sue EON (and himself and the CCP) for non performance.
I cannot see why Apple needs to pay Valencia Circle, for anything. Unless it is just out of charity. Even if LQMT is supposed to get a a territorial royalty through the PLA, anyone think EONTEC and the maze are going to squelch a whale deal with Apple if Apple says 'take out the 5% middle man'? Not a problem, PLA gets modified, cancelled, or just ignored.
I know it is annoying to have hard facts constantly pop up that undermine hopes and dreams, but that has been the story here for a very long time. At some point, a reasonable person would want to recognize there is a problem, rather than continue to deflect the facts with speculation, and blame those that bring them up. The company under LL has failed in the long touted objectives around shareholder value. Recorded faithfully in real numbers, for years. LQMT just a has become a flyspeck in the greater realm of China's well known plans to dominate certain areas of technology, from wherever. They have done a good job in that regard. And $64 million in that context, is of little consequence, even if all is eventually lost. So, if someone wants to gamble on beating the odds, nothing wrong with that. However it is just a gamble, not an investment. Makes sense then, that if you are playing with house money, you can just let it ride.
I think you have made the right decision. Good luck to you.
"I don't expect any kind of honest answer" . Thus, you do not merit one. Besides, your question....what are you doing here?.... is tedious, because it has already been answered countless times. Is it reading comprehension that is the problem? Here is a clue. I am here because I have nothing to lose, only gain. A penny stock strategy I have frequently recommended. Honestly.
.
I revert once again to Eagle's seminal query of yesteryear about the folks at LQMT Valencia: 'What do these people do all day?' Does anyone know first hand that they, the few, the proud, are even still there? There seems to be no evidence of that. Maybe there are just occasional zoom video conversations between Hong Kong and Taiwan, mounted in a broom closet?
Nothing is noteworthy in respect to supposed focus on improving shareholder value. This has been the case in measured numbers since 2016, 2010, and well before that. Since LL has effectively controlled the company since 2016, and has
ultimately restrained it in sales, production, manufacturing, and personnel, it is fair to say he is responsible for ongoing failure in respect to shareholder value.
At the same time, we have been led to expect incoming revenue, be it product sales or royalties as suggested in our written connection with EONTEC and the maze companies in China (EONTEC now under the control of the Chinese Communist Party). What we have observed however is the apparent growth of these Chinese companies, in large measure thanks to our IP and Brand, but zip in revenue to us. Just expenses. All this while LL et alia expound via Q&A and PR releases about the thriving Chinese market and growing global demand for BMG. How many more red flags does one need to grasp the obvious? We are the chumps at the table.
"elongating the BMG to create tension to hold the pieces together." Now that makes perfect sense, I had no idea. Thanks for a really good answer.
I am no engineer, but am wondering how LQMT's version of BMG would make a good rivet if it returns to its original shape. I suppose it is because amorphous metal has many other properties? How does LQMT Valencia fit in, other than by word association.
"the share price will trade between 0.05 $ 0.079." As well it should. However, history tells us that when approaching quarterlies, Apple Season, and like events, the share price bounces around on self induced excitement, rises to the moment, collapses on no news, then re-sets on dime land yet again. The difference lately, is that the volume and price are flat as a pancake in the build up. Nobody (with money) gives a hoot. Just the usual suspects. Not a good picture.