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No sign of a pulse…NB was right…it’s dead Jim!
Over on the other message board (LQMT) I’ve been trying to guess the identity of the “Tier 1 Medical Device Supplier” who participated in the last round of funding to the tune of $3 million. This is not a huge amount of money and only amounted to about 10% of the funds raised. I used the “top 10” medical device list and planned to concentrate on companies with some sort of a Boston (New England) connection since Movano Health has a joint program with MIT.
My GUESS is Phillips Healthcare (a sister division of Phillips Electronics the supplier of the RF technology). The next question is whether taking a financial position is the first step in a possible acquisition move…..ALL SPECULTION.
Maybe we can pump some life in this board……Dexcom announced a continuous glucose monitoring device today….It’s a patch that is applied to the back of the arm and it has a probe that penetrates the skin. I read a review on the CNBC website where the person testing the unit had bleeding on the first try and had to repeat the process on the other arm with a fresh device. Not exactly a perfect experience. The cost is $99/month ($89 by subscription) and is covered by most insurance plans. It communicates with a phone via Bluetooth with 15 minute updates. ..Normally needs replacement every 15 days.
Disadvantages….penetrates the skin to get a reading…subscription cost is huge …even though covered by insurance. Skillful marketing should circumvent this threat.
I guess “spell-check” has decided that when someone types “whether” …they really mean “weather” at least 88% of the time so we will protect them from being mistaken.
What could be delaying the FDA approval process?
Staffing at the FDA….work load ….vacations….
The “newness” of the RF approach doesn’t fit the established protocol……they may be concerned about the technology’s longer term accuracy and weather will continue to perform.
Asking for “more data” which is code for “our approval process is behind schedule and we need to create slack in our schedule”.
We have absolutely no control over the timing….I’ll bet a nickel they have never been early.
OK time to go…..this is my 1000th message in the last 10 years so I’ve reached my limit. I’ll be back when LQMT stock gets to $0.50. Cheers!
And we can hook it up with Musk’s Starlink so an ambulance can be dispatched before you even know there is a problem! WOW!
Just imagine…..every hospital admission get a ring that feeds vital signs to the nurses’ station and when you go home, you get to keep it and sync it with your phone. I love it!
My GUESS is Phillips Healthcare but they don’t file a 10Q since they are located in the Netherlands. A sister company does make the RF technology for the sensor though.
Strong marketing to the health care chain…..acquisition?
Speculating is fun….who is Movano’s tier 1 medical device partner? There are 40 tier 1 companies on the list so how do we narrow it down? We know that Movano has a project active with MIT and perhaps the connection is there. So let’s start with companies with a significant presence in the greater Boston area…..perhaps their financials report an investment of $5-10 million into an undisclosed company…another clue.
I see some digging on the agenda this weekend.
Nice idea but it’s virtually impossible to keep something like that under wraps. When you start talking medical devices and look at the companies, most don’t do consumer so you are looking for someone who markets to health care facilities. I’m thinking Becton Dickinson or Abbott with the ability to make it explode.
Ricardo says the Corinthian leather used by Chrysler came from Newark, New Jersey.
Richardo ….I that you? What kind of animal is a Corinthian? Is it related to a nauga of Naugahyde fame? Skin me one Corfam to go.
Naw! it’s been weeks….just filling up space just like you.
Tire Pressure Sensors……Unfortunately that ship has sailed and we aren’t on it. Amazon has sensor prices of $8-$10 each when purchased in lots of 4. At that price point the manufacturing cost needs to be in the $2-3/each and that is really down there. We need an application that takes advantage of our manufacturing efficiencies and values the unique properties of BMGs to provide a moat.
The number of mothballed Eontec’s or Eutectrix machines is unimportant since they are outdated and obsolete. The new machines are equipped with robotic material handling and that feature is what allows them to be competitive when using more expensive raw materials. It’s thruput per machine hour that determines profitability. Don’t send the junk to the US.
I think LQMT was on the right track when they built their “Center of Excellence” to showcase the technology but they chose to abandon it. Too bad because they needed something tangible to demonstrate the technology..
The arrangement with Amorphology is a waste of time since Amorphology is a clone of LiquidMetal and both companies share the same defects/problems. They try to be a profitable avenue for a research endeavor having no expertise in whatever it takes to be successful in this role.
How do you define “serious progress” when it comes to LiquidMetal?
LQMT a needs to build a small version of Yihao in the United States
Move or buy 6 machines from China and install them
Send 6-8 MIM familiar workers to Yihao to learn to run the machines and act as a nucleus for the domestic workforce.
Get Yihao to finance the expansion.
That’s all.
Not enough volume to be any serious insider anything….700k shares is only $30k….the big excitement is when someone dumps or buys a million shares….still insignificant dollars to be important.
58 trades to get to 720,000 shares…….average order size of 12,000 shares or about $500. How small are the SMALL orders!
Market is down this am…based on weaker than expected jobs numbers/ lower bond interest rates and a higher probability of the FED cutting in the next round. Those are BULLISH outcomes and the market should be going UP.
The world is BASS-ACKWARDS
Movano can’t dictate when the FDA will act……they can wish, hope, even pray but the FDA won’t be pushed. Could be the FDA said something like “we’ll shoot for July”. or “the plan is July” etc. Movano was pressured so they passed it on and it didn’t happen…..period.
1.6 million shares but nothing traded in the last 2 hours …is that a lack of sellers?
That reply was not in reference to LQMT….the question was general . Everybody here knows how old I am and I DO buy green bananas. if you revise your acceptable time horizon to 6 months or 3 months,….your alternatives are unacceptable. Optimism in everything….My only problem is I may have to explain my stock positions to my grandchildren.
You could set up a 5,10, 12 MACD and chase the crossovers for 3 day trades. Some people actually do that! StockCharts makes it easy.
“I would rather see operating losses with $10 million in sales rather than breakeven with $1 million sales”
An unprofitable $10 million in sales could have many causes….could be pricing, could be manufacturing inefficiencies or other problems that may or may not have solutions. Amazon went a long time without a profit but they were investing to expand and spending the “excess revenue” to build a warehouse /distribution system
On the other hand… breakeven with $1 million sales does nothing for you…there is no cash generation to expand/grow and the best thing that can be said is “we are not hemorrhaging cash” and “you have to pass through breakeven to get to positive returns”
In my world, I would prefer $5 million in revenues with a 10% ROS growing at a nice steady 20% a year. That would attract buyers and push volume. I don’t think that most of you are that patient.
I think that was me talking about breakeven by the end of the year….. I’ve been pushing that since Q1 but I haven’t heard TC even begin to make an outlandish statement like that.
We are looking for some confirmation of a continuing linkage with Movano and an indication of the potential leverage to LQMT financial performance. They only sold 5400 rings in their last reporting period…..we need to see much bigger numbers to have an impact…..how big is the pipeline?
Some people put a lot of thought into their posts and other just dump a “stream of consciousness”…….both can be useful with a little patience.
Sometimes it’s interesting to look at the stock choice in terms of a poker hand…5 cards, each with some attribute or characteristic of the company and then consider whether to raise, hold or fold the hand. Let’s look at LQMT as it sits in someone’s portfolio….
Card #1..Exposure in terms of how many shares you have related to the average daily volume …if you are holding some multiple of the ADV, it should be a flag…liquidity is absent
Card #2…What is your cost basis and how it compares to the current price. There is always a reluctance to turning a paper loss into an honest to goodness real loss of dollars. Could be an ego thing or just denial. Sometimes it’s just better to MOVE ON, take your lumps and find another horse to ride.
Card #3 …Confidence in management…there is a huge lack of confidence in LL/TC as a team to make this happen but I think there is a whole lot of “corporate dynamics” that isn’t being shared (why should they?). We cannot affect this aspect…it is what it is.
Card #4….The political environment with our Chinese partners and the lack of visibility of their agenda…lots of speculation but no real insight to what is happening….very difficult.
Card #5…..The wild card….the technology is unique but is it sufficiently superior to warrant the risk for the customer. Acceptance has been a big issue and nobody is banging down the door with suitcases of cash. The patents are unimportant and virtually all the important technology is in the manufacturing process held as “trade secrets”. There is still no real domestic partner.
Looking at all this in the context of “raise, hold or fold” …it looks like a fold but here I am holding.
And then there is the warning…..If you are sitting at the poker table and looking left and right to find the “sucker” and you can’t find him…
And a purchase tomorrow will cost you $0.05….attractiveness for a new investor.
Sure most of us have cost basis higher than $0.05 or $0.10 but that is irrelevant to what happens tomorrow. Lack of current volume and enthusiasm is the problem as you have said so many times.
So if the stock price drops to $0.035 (the value of its cash/building)…that is a 30% drop and if it goes to $0.10, it’s a 100% gain. I see the probabilities as very similar…..hmmm.
It’s an option with a long expiration! I used a buy/write option strategy for years so I’m very familiar with options although recently I’ve used QYLD as my vehicle.
So we are about 2 weeks from the Q2 Earnings Report and it’s fun to speculate…we know that the rental income will be about $133k (from the Qi-10Q) and we know that we have slightly more than $22 million in interest bearing investments (assuming an annual rate of only 4% or 1% per quarter we can expect about $220k). The only real question mark is the revenue from product sales….we had $173k in Q1 and I would expect that to rise in Q2 but how much??? I’m going to pick a number and we will see if it pans out…my number is $250k.
What does it mean? It means we are still “in the red” but the quarterly loss goes from $300k—->$150k with hopes of achieving breakeven for Q4.
Movano Health announced that they have arranged for a third party to do final assembly on the rings. There hasn’t been a whisper about who this is or where….the rings are fabricated in China and the electronics come from Europe. Perhaps they meet in the US for assembly but it could be China through LQMT. Interesting thought.
Also looking for something from TC updating us on the applications he alluded to on the Conference Call.
TC has an option to purchase 10 million shares from the company at $0.07/share….he has to pay LiquidMetal $700k to get the shares. He can then do anything he wants with them. If the shares are significantly above the $0.07, he can go to a lending institution and, for a fee, they may front the cash on short term basis but he needs the cash to start the process.
A second reason to buy at $0.05 or $0.06 is that in order to exercise the options on 10 million shares at $0.07, he has to put up $700,000 in real money…..he may be using this to “cushion” the cash flow. Ideally one should wait and exercise the options when the stock price is higher…say $0.30 thus buying $3 million in stock for $700k and then selling about a third of it to pay the taxes on the $2.3 million gain which are due immediately.
Having 2 million shares at $0.30 means he has the $700k to exercise the options (almost) and selling a third of his 10 million shares covers the taxes leaving him with 6.5 million shares at a new cost basis of $0.30.
Of the 10 million shares TC was granted…2.5 million have vested but these are options to purchase shares @ $0.07 which makes no sense if they are in the “red”. It’s an opportunity to lock in another 40% when it goes to $0.07. Also works as a show of confidence in the future.
The glass transition temperature is more important than the melt point…far too low for landing gear. The lower Tg is what allows BMGs to be molded at reasonable temperatures.
Funny thought …consider the “bouncing ball demo” as it applies to landing gear and the pilot reporting “I can’t keep this thing on the ground”,
Elon Musk is a visionary entrepreneur who creates the environment that encourages people to get things done…he is a risk taker as long as it get him closer to some ethereal goal….he is also a jerk and frequently wrong but recovers well.
His move to using MegaMachines to mould the rear section was masterful…he made it happen because he wouldn’t take “no” for an answer…..at this point he understands the advantages of robotic moulding as a manufacturing technology and it will take someone like him to get this puppy moving.
Maybe we need to make a connection to colonizing Mars…Vacuum moulding is so much easier to achieve in space. The whole purpose of the Boring Company is to develop the technology to build subterranean cities…on Mars. The man is obsessed.
Like throwing a bone to a pack of dogs!
PURE SPECULATION……..I realize it’s probably 2 weeks before the earnings report so this can’t happen now BUT. What if LiquidMetal issued an 8K announcing that TC has purchased an additional million shares of LQMT at an average price of $0.05?
The world would read all sorts of things into it.
No I won’t be buying today….but on Monday someone sold/bot 1,000,000+ shares in the 0.04’s….I guess they are planning to ride it to zero!
You seem really obsessed with the fact that I’m 83. If LQMT went to $0.10 or $0.20 or $0.30 in the next few years…I wouldn’t sell. Perhaps at $0.50 I would part with 20% depending on the dynamics. Why would one invest in a stock for 10 years just to break even?
Quote from my Grandmother about the stock market in the 1920’s….” A good stock is one that doubles in a week”.
You can buy LQMT for $0.05 tomorrow…….any paper losses I have is from what happened in the past….water over the dam and not important.
Focus on what IS important and get over it.
I guess I have a slightly different view….If you do a risk/reward analysis and a share costs $0.05, the maximum potential loss is 100% or $0.05. on the upside, there is no limit but if one uses $0.10 (100% gain) as a benchmark and compare the probability of being zero or $0.10 in some timeframe (say 2 years). …I would say that the $0.10 as a higher probability.
I understand the technology and that is what attracted me to the stock ….I’m in it as an option on the technology..
Gambling or Investing?
Yes I’m an old engineer (83) but I’ve seen many engineers try to launch ventures…..sometimes they even succeed. Technical people lack expertise in Marketing/Sales/Finance and are generally too narrow in their expertise. The exceptions (Musk, Jobs, Tesla, Hughes) fall somewhere on the autism scale which translates to very high energy, extreme focus on the objective, irrational people skills, obsessive determination and not fun to be with.
Very creative people don’t have the patience to be good at Marketing and Sales so they need to recognize their shortfalls and hire the complimentary skills or sell the company somewhere between the research phase and commercialization. Then they can go and do it again….do what you are good at.
Older than Joe or Donald…