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In the end Li bought the company wilthout buying the company ... did not think that it was a takeover at first but it is clear as day now. He took whatever the company had and made some money with it i guess. I don't think that Apple had an opportunity to exercise it's right of first refulal but doubt they give a rats ass at this point.
Rather hard to believe that anything more is going to happen ... I sense that the peolple who post here have given more effort than the collective behavior of all the previousemployees combined.
Clearly it has been a fools persuit on all our parts.
I do believe that I understand the basis of your research .. I'm not sure that the TSLA reveinue stream has ever been revealed although I am not at all the most diligent of those who do practice due deligence.
Nonetheless, I accept the existance of these current and potential business partners but remain completely baffeled over the existance of the large elephant in the room. WHY do "they" choose to not tout their elbow rubbing with the heavy hitters as a means of promoting their product ?? How indeed does that add up to a strategy that is searching for some success ?
Maybe I'm unable to add 1+1 and come up with 2 but I really do believe that there is something out of balance and I'm at a total loss to understand what they are trying to accomplish by their silence. In the meantime I've tied up money in their folly that could have been well utilized in so many other more profitable endeavors. Either I am more stupid than I believe or these fellows in California and in China are playing a game I am too unsophisticated to understand.
Li + Apple = ZERO for you and me.
One of the best of your ongoing summaries ... One theory I have is that Li et.al. are simply sitting on their hands waiting for a buy out ... why keep flushing cash down the toilet for no reason at all ?
I think that is a very thoughtful and through conclusion.and displays the magnitude of failure that this company represents.
Nice job and once again thank you for providing a sophisticated vies of what has and is happening with The entity known as LQMT. Although as usual the truth lies somewhere in the middle it is clear at least to me that LQMT has been utilized as a financial feeding ground for unimpressive businessmen. Li on the other hand surly is a more competent leader who has chose not to develop LQMT's potential.
That fact in an of itself remains unexplained to my satisfaction. If we were to learn why or what the hell he is doing with LQMT our ability to invest or not in the company whoud become a lot more clear.
I know we all could make better decisions about what we are willing and capable of doing with our investment dollars if Li and he "Board" were to meet their feduciary obligations rather than telling us all "to eat cake". I wish we were more able to hold their feet to the fire but we have been and probably will remain underserved people who deserve better.
Sounds about right...
Yeah, that is about the only thing they do that is of any note ..... as a matter of fact it seems that is all they do besides pick up their paychecks every so often.
What the hell are they looking to accomplish ?
Although I'd rather not agree with you it is hard to believe that they would announce anything new and/or good or bad at the meeting. If they had anything to to crow about it probably wouldhave been announced beforehand.
The difference between genius and stupidity is: genius has its limits.
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Perfect ! I don't know that I have ever heard that piece of wisdom before .. thanks for sharing !!!
Not in complete sarcasm, don't hold your breadth. We've been singing that song for lots and lots of years to one single response ... be patient.
There is areason this company resists obtaining contracts or making sales ... I'll be goddamed if I can fighure out why and I'm hoping it is not a mystery that will be solved until after I pass. I'm well past Watts 75 years and poor Gorgol has gone without any satisfaction. I'm glad he sold in the $.30's before he passed and hope he profitted in the end.
The company has long since gone beyond decency in this regard, and, while I am far from being a lawyer, I suspect that it has long violated it's fiduciary responsibility to shareholders. We are small potatoes to them and apparently so small that they can ignore us without any accountabliiy from any source.
So, Chung owns 75,000 shares of LQMT and makes $240,000/year.
How much time and effort do yoiu think he spends each day trying to make sales of this transformative material ?
I don't often disagree with you as you are in my opinion correct. However in this case LQMT has to know the answer to those kinds of inquires but clearly and consciously have kept them a mystery.
I do agree that my continued holding of their stock is my problem in the absence of any transpancy regarding gwhy they have taken these actonis since Li arrived on the scene in 2016.
That too could be the case but also begs the question .... WHY THE HELL DO THEY NOT SELL IT OR JUST CLOSE THE DOORS FOR GOOD ?
Honest reply from someone who does not know the answer is, probably not, ergo, the need for Steipp to gather a bunch of "low hanging fruit" to fatten LQMT's resume.
As usual nothing is clear about this .... I won't go into the litany of efforts LQMT made to manufacture on its' own but the only thing that came out of all that was a knife. Hardly a success albeit a piece of very low hanging fruit if you know what I mean.
In comes Li in 2016 providing a vehice to produce products via China. He then seemingly cuts the LQMT work force leading one to believe that he had the capicity to market and produce consumer and commercial products (remember that Hauck tried and failed as did others who have attended multiple fairs of some sort or other). And indeed if one is to believe that the material has succeeded in the Eastern hemisphere Li has sold it successfully.
If all of this and the rest of the things that have occurred since 2016 is true and makes sense why wouldn't Li and Chung (and those before him) expand sales in the Western part of the world ??
I'd spectulate there is a rat in the woodpile whom nobody can identiy .. its too easy to say CCP or Apple but then again most times the simple answer is the most likey to be correct. Now provided all this nonesensical is in broad range of correctness, my windmill rests upon an answer of WHY THE HELL THEY KEEP THIS COMPANY ALIVE ?
I continue to hope that the answer to that issue will come before I pass away, as in my very unkowledgale opinion, it is the foundation for we FOMO'ers holding and HOPING. Frankly, I wish they would just sell or merge but my wishes do not often come true.
Yes, I agree, very well done and presented.
I cannot get across the county especially for this non event but it would be a pleasure to meet some of you before we all join Gorgol in the land of peace and harmony should one exist.
I always agree with you and this is no exception. However, unless they are simply passing time doing things to falsly raise hope (I do not think this below them), there has to be some purpose to displaying what appers to be a clear violation of their agreement with Apple,
This is not at all above their MO but all in all it is still another mysery that will keep most of us on the hook for a while longer.
Thanks for posting the link to their latest folly ... you are to be appreciated by all of us who rely upon and enjoy your monitoring of LQMT. I think that is called leadership, something our friends out in Calii should practice from time to time instead of hiding behind curtains.
Excellent observations based in reality ... clearly the future of this company and our "investments" are in the hands of HOPE only. I suppose that all those who have been leading or involved in the company over the past 10 years knew that and fled based on their acquired knowledge.
We have not been so fortunate and continue to be in the darkness, seated outside the window, and poor.
Thanks as always for taking the time to sort through the empitiness.
You have been right about a lot of things over the years .... If you are correct about this being a continued bag of BS I tend to agree.
But why the hell would abyone bother ... a price change of a penny or two makes nobody any money so why would someone even bother to pump this septic tank of a company ?
It also looks like a meaningless event to those of us who would like to see the share price of LQMT to return to somewhere betweeb $.60c - 90c.
Well now, he did preface that promise by insisting that we had to remain patient. He did not say we needed to be eternally patient so I guess you have a valid point.
Do you think he is finally sleeping on the factury floor ? Oh yeah, there is no factory any more is there ?
Looks like it turns out that for some reason that will probably never be known, much less understood, Li has opted to keep the doors open for a company from which he bought intellectual knowledge and walked away. Why the alleged partner entities have not explained their reason for their continued superficial relationship with this failed enterprise remains a mystery.
As one of our past presidents said .... this is some "crazy shit". When someone figures this nonesense out and can prove their conclusion (s) please, I beg you, let me in on the joke.
Looks like he wants to get paid for doing nothing after all that success. Can't figure out how these guys sleep at night.
The Karma has to be brutal for them all !!!!
Great summary ... really does walk and talk like a duck ! Now, if I could just lable my continued holding of the stock in the face of the reality of the situation.
"Stupid Dreamer" sounds like an apt tag ..... I would have been better off playing the lottery for these past 12 years.
This ASHM is a formality to fulfill a legal responsibility. Regarding extending for executives tenure for another period of time and perhaps stock options etc.
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If you are wrong about this it would indeed be the first time ... LQMT has taken all HOPE related good will and flushed it away ... only way they can regain any lost respect is to actually do some work that yields real term results in terms of profit and promise of future success.
For some myterious reason(s) they have continued not to perform for a ridicoulsly long period of time .. maybe just laziness, probaby not ....
becuse the meeting will be over at 9:01 AM
No problem ... he'll sleep on the factory (?) floor
Thanks for providing that document .. I could not find it on their website and my broker has not yet sent it to us. It is pretty standard stuff and again leaves me baffled ; why the hell are they going though all this nonesense to keep this failed company alive ?
There must be some kind of relatioinship that serves a secondary purpose , otherwise why not just squeeze the remaining value out of the thing ?
I do hope that this is some kind of a secondary gig for TC .. he surly is not going to support his family and a resonanble lifestyle in California.
You know, this company is such a farce that th4 10Q came and went and I just now took a few minutes to read though the last of the 40th I've looked at over the years. I am again so underwhelmed that it is just laughable.
They must have no shame ... I feel silly owning such stock in this idiocy .... they have to feel 10X as wacky trying to make a living in such a way ,,,, christ, they have put it in writing once again that they are totally incapable.
To wit , they write :
We continue to invest in our technology infrastructure to expedite the adoption of our technology, but we have experienced long sales lead times for customer adoption of our technology. Until that time when we can either (i) increase our revenues with shipments of routine, commercial products and parts through third party contract manufacturers or (ii) obtain significant licensing revenues, we expect to continue to have operating losses for the foreseeable future.
They continue to invest = IN WHAT MANNER DID YOU "CONTINUE TO INVEST" - GOD, A 4TH GRADER COULD COME UP WITH SOMETHING MORE DESCRIPTIVE THAN THIS !
Yes, it seems entirely possible that their goal is to bleed out the remaining cash while appearing to act like they want to accomplish some success at making money. In that way Li can preserve his reputation and act like he made an effort while losing his cash with all the rest of us.
I'd bet it was not his money in the first place or he did indeed buy the product just as did Apple ehile having an initial intent to monitize the material until he was enlightened to the fact that there were more reliable manners available.
The bounce to $.44c a share in the Spring of 2016 was our last gasp and I have come to relie that I blew it at that moment.
That makes a lot of sense ... since Li "bought" the goods for $64M, he thereby morfed LQMT to an MSR free to make rain on it's own blowing the cash as they see fit while he sits on the sidelines as an uninterested parnter willing to wait with all the rest of us ....
It seems just as feasible that he therefore did not pony up the cash in the first place but was a front man for a group that wanted it for there own use absent whatever he had to say.
Mystery solved ?
As you are aware we are not ever going to learn anything from LQMT .. either they do not DO anything or everything they do DO has been a failure.
That leaveS us with nothing but FOMO to work with for the time being.
Wouldn't we all love to have a honest conversation with a company that had desired to work with Valencia and discover why they decided to walk away !
WHY DOES LQMT NOT WANT TO DO ANY MORE BUSINESS ??????
When one does nothing it is easy to keep it a secret.
Count me in ... any good young and angry lawyers out there ???
BINGO !!!!!!!
I'd prefer intelligent and realistic and mature to negative thank ou very much .
I suspect Dr. Pecker (how'd you like to go through life with that moniker ?) believed what he said back in 2014 but they made a fool out of him just like all the rest of us. Can you imagine what fools we look like when one looks back to the MAZE as a source of HOPE. ? What nonsense.
I now believe that whatever plan they dreamed up at the beginning has been replaced over and over again to keep all we dummmies on the hook for so so long. I've given up hope that any of this will be understood by any of us before we kick the bucket.
What we need is a good young journalist to document this story into a best seller in fiction under the si-fi banner.
I guess some companies can do whatever they damm well please if they choose to opertae in a vacuum. Who will be holding them accountable for not living up to the supposed agreement ?
Did you guys kiss your money good-bye when you threw them after those you previously bought /
You've been spot on ever since your prediction of 5 years ago or more. TC predicted profitability in 2017 and that seems to have been the last nail in the coffin. All we need is the wake, the burial and a good drunk at the local warering hold.
Of course each of us will and have been picking up the bill.
Betcha a nickle they completely lack this institutional knowledge ....