"Argue for your limitations, and they shall be yours"
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I haven't been on this board for a long time. I have been winding down my LQMT position since last summer and sold my last share two weeks ago. I lost a fair amount of money on this stock. I really believed there was a place for this technology, but now I feel it will all be gone after this year. No one is going to care about BMG's in the next few years. I never had the illusion of Ohio class submarines being made with the stuff, but I did see a lucrative nitch market. Much like the MIM market. Well best of luck to the longs still here, but really my advice is to take what money you have left.
Watts, feel free to correct my grammar. As you know I am an engineer and that is my excuse. But I can learn from constructive criticism.
Stay safe everyone. Wash your hands and don't buy toilet paper.
Furniture Row out of NASCAR. Does Barney still own stock?
Got to 8:20 in the video.
NASCAR
I am back from China. Here is a picture of the part I asked for a quote on and never received a reply. I feel like this was a perfect part for LM. Small (27 mm diameter) and light (27g when made from zinc). Not sure why there was no response. They should at least let me know they are not interested.
LM-Part
I didn't call them because I was in China. I have submitted plenty of RFQ's by email and any decent company will respond with in 48 hours. They do not wait for a call. You can make excuses for LM as to why they didn't respond, but is bad business practice not to respond to these requests.
When I got back to the US I did think about calling, but since this would be a conflict of interest on my part and I had another solution I dropped it.
I am currently in China and have trouble with the great firewall. I will post a picture of the part when I get back next week.
I am still in the running and all who called me a pessimist are not. At this point I don't see how we hit $0.60 by May, so even I was overly optimistic.
I have been in this stock since 2006 and for 12 years now I have heard how this time it's different, and for 12 years the Bulls have been wrong every-time. This stock has wore me out. Apple has dumped the LQMT project along with hopes of making a TV and a car. Apple will invest heavily for around 6 yrs and if it doesn't work out they kill it and move on.
I think the tipping point was when I had a small part perfect for LM that I needed quoted for a current project. I sent LM the CAD with estimated volumes and never received a reply. They don't seem to be trying in the US at all.
I think I need to unwind my position.
Apple does not lead anymore.
NFC: Apple follows
Larger screens: Apple follows
Wireless Charging: Apple follows
Smart Speakers: Apple follows
Water Proofing: Apple follows
Glass Back Phone: Apple follows
Apple will always follow under Cook and Ive. Too much risk to be out front.
Roth IRA
You can withdraw at 59.5
There is no correlation in the graph you sent me. It is worthless.
I can see, "A person persuaded against his will, is of the same opinion still."
Goodbye
Can you explain the graph. This doesn't seem to show anything. Are you saying there is a correlation between the graph and the data below it?
You can't measure that. And if you can, plug in the numbers and let us know what R=.
I have looked at this. There is no correlation between the DOW and LMQT. Try it for yourself. R=0
Correlation Study
I am now in the green and will be there for the long weekend, at least. Congrats to all the longs out there. I hope this is the inflection point we've been waiting for.
Thanks for the support.
I am not sure why I get so much flak for suggesting we will only grow at around 100%/yr. The predictions of a dollar for more this year are crazy. I have heard for the past 11 years why this year is different. This company will never grow 1000% or even 500% in a year and people should be OK with that.
Are you saying this is going over $.40/sh this year. Because that will not happen. No way to bring on contracts and ramp up to support that a price.
I am bullish, but this going to take awhile. I have been hearing this is the year for the past 11 years and it never happens. However, I believe we have a shot to finally break .30 this year.
May 1, 2019
Tesla did and the gave away their patents.
2006 for me
Not true. The SEC can investigate you at anytime if they feel suspicious of your trades. They have sent me a letter in the past on a lucky trade I made that was totally legal.
Tony's timing was unbelievable. Typically you would get a call from the SEC after timing a trade like this.
I own shares.. I am bullish. However, I don't see a reason to ignore the facts to make myself feel better about my position.
"Truth is like Poetry. And most people hate poetry"
So it is. MA never paid for the tooling. So, I figured it was dead. I guess LM is trying to recoup some money by selling it. I give who ever wrote up the contract some credit for making sure if the tooling wasn't paid for they had the rights to sell it. I wish they would take the MA logo off.
Huack's absence is very curious. Especially, since he went to school in Minnesota.
The booth was one of the best at show. You should keep your opinions to yourself.
Someone gave me this advice once.
I posted my personnel take on what I thought of the show. I guess that would have to be biased, wouldn't it. I have always said I want LM metal to succeed (I am heavily invested), but I see no point in ignoring some real issues the company has. Feel free ignore all my future posts if you see no value in them.
As for the $0.30/sh cap this year. There is no rational valuation that gets us to $0.30 this year. You can doubt my prediction all you want until Dec. 31. Still waiting for the bottle of JW Blue I won last year with my prediction.
"Couple of points, Firstly you avoided the question regarding the Hybrid knife, i seriously doubt the 2 intricately locking parts can be CNC milled in 3 minutes, thats a JOKE."
What I said was CNC machines can produce certain parts at the 10K+/month volume. I never said a single CNC machine could make the knife at this volume. Of course, we now know the LM process can't produce the knife at this volume either. It took a lot of post processing to get acceptable knife parts.
"Secondly you completely ignore that the "Engel machine is spec'd to do this " can be retrofitted to use LM."
I don't think I ignored this. I fully admit the machines are spec'd to do this volume. The problem is, they never have for an extended period of time. Therefore, by definition they have not be proven for production volumes.
"The last point alone buries your assessment of "less than 10 LM machines sold" right? "
I am just telling you what I was told at the show. Less then 10 machines have been sold. I suspect none have been retrofitted. I was also told Engel can ship some machines in 2 days, because they stock mostly finished machines, but the LM machines take 20 weeks.
"So AGAIN, we have the machines but are just waiting for the orders."
Correct, we are waiting for the orders. I have been waiting over 10 years. You can see the photos from the show below.
Show Photos
It depends on the part, but yes, CNC machines can easily produce 10,000 parts a month. A 3 minute cycle time running 8 hrs/day, 5 days a week is o 16k/ month. The Engel machine is spec'd to do this, but never has. When it runs several months at this volume, you could then say it has been proven, but not until then.
Yes. The Engel machines have never successfully run a high volume production part. When I say high volume, I mean 10,000 or more per month. This would be low volume for Apple. Until the machines can do this I am not interested in using this technology for my designs. I talked with Derek Rasmussan a few years back about the readiness of the process and he said it was ready to go. That turned out to be false. Talk is cheap. I want to see a real production run on the machines.
The fact that LM has never successfully launched a high volume part on the new Engel machine, proves it is not ready for prime time. Until that happens, it is all just, "In the Mist".
To any Liquidmetal employees reading this board.
This is the machine I mentioned at the show based off the Z Machine, but operates at a fraction of the cost. LM needs to sponsor or partner with someone to get time on this machine. To truly understand what is happening at the bounder layers when crystals are formed, you need this machine and to advance BMG materials you need to fully understand this. Maybe some of Mr. Li's money can go towards this.
Thor Hammer
I went to the MD&M show. Paul was not present on Thursday. I wasn't there on Wednesday. Both LM and Engel were at the show. Engel had a e-mac 100 running, but not LM machines. Here are some highlights.
MD&M Show
Liquidmetal Highlights:
1. The Knife is dead. No more MA-6.
2. There are now only 2 production parts coming out of RSM, both at very low volumes.
3. I learned the 100g ingots can be cut to a smaller size and used to reduce scrap cost. Also scrap is shipped back to Materion for recycling.
Engel Highlights:
1. Less then 10 LM machines sold. 2 in RSM, 1 at Swatch. Don't know where the others are, but Eontec does not have any.
2. The guy I talked with at Engel knew of the liquid metal machine and mentioned he owned a bunch of stock. He was excited about the prospects of BMG.
3. The thought is Mr. Li is buying into LM to help get his money out of China. Being a billionaire in China is not like the US. Mr. Li cannot sell large quantities of his stock without approval from the government. This would allow him to move money to a more liquid environment and hopefully grow it.
4. Rumor is Mr. Li will be Chairmen of the Board for LM.
All in all I left the show feeling a bit more upbeat about the stock, but I still feel the process is not ready for prime time. This is bared out by lack of ability to launch a valid production part. One thing I can tell you for sure, the stock will not go above $0.30 this year.
I will be attending tomorrow. Maybe I get some photo's.
Actually it is struggling to stay above $2.00/share. The currency is in CNY.
Exactly my point. Every year for 14 years we have heard, "This is the best news we've had yet and the stock is about to take off." No news has ever surpassed the news of Apples involvement, and that did nothing for the stock in the long run.
It doesn't matter what the new news is. New news comes out every year, and people claim we are headed to dollar land. For 14 years people have said this stock is about to take off, and if you don't get in now you will miss the boat. For 14 years those people have been wrong.
You seem confident in your prediction. Are you in on the bet or not?
So are you taking my bet?
If you look at last years posts, when I won my last bet. You will see the same things said. "We've never been at this point before. Future looks so bright for LQMT. Share price is headed to over a dollar." I have read this for the last 10 years and it has yet to happen.
Without a reverse split, a dollar+ share price is not possible this year. I would gladly bet a case of Johnny Blue we don't hit a dollar this year. If I lose this bet, I will be doing back flips all the way to the liquor store to buy your case.
I like the recent move, but there is no way we see $0.40 this year. The share count is on its way to 1 billion. I was right last year and I am confident this year on my call. Happy to make my usual bet for a bottle of Johnny Walker Blue label on it. Even though I never collect. Ask CIMA.
It also looks like I will be closest to the Friday close bet. Just sayin.
Apple is a Billion Dollar Company.
Engel is private: Do you have numbers showing its a billion dollars?
Materion is most certainly not a billion dollar company.
MTRN