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Finally sold all my shares of this POS. After reading the 10-K things sound pretty bleak and MGMT is corrupt as they come. Goodbye forever.
I for one will be voting to remove Steip during the annual shareholder meeting. I encourage everyone to do the same.
I sent the following message to Liquidmetal. I think it would be wise of others on this board to send similar messages.
Good afternoon,
As the year comes to a close I think it is appropriate to remind the the company of one important matter.
In past years excessive bonues without justification of company profits have been awarded to company executives. It is my interpretation that bonuses are to be earned and what better way is there to measure earnings than by company earnings? Keep in mind that this company is still not profitable. Bonuses should only be rewarded once earning exceed expectations of the company. This is an elementary concept. If you want to be a successful company you will put every dollar you have back into the company to accelerate the ability to generate profits. With the bonuses given out last year at least two more Engel injection mold machines could have been ordered to increase the production capacity of the Manufacturing Center of Excellence. This would make in house production more appealing to potential customers.
I strongly encourage the company to do the right thing and reinvest what little money the company has back into the company itself rather than dilute shareholder value and line executives' pockets.
Thank you.
I would be most interested in hearing about a new, non exclusive contract manufacturer. This company really needs the backing from a company like Precision Castparts Corp behind it to be able to produce high volume orders. I will be asking about this in the Q and A session if it is not initially addressed. At this point I think there is no excuse to not have made some good headway with CMs seeing as this was stated as one of the goals of the new production strategy that is over a year old now.
If LQMT is going to be using contract manufacturers they should seriously be looking into a deal with Precision Castparts Corp. PCC is a Fortune 500 company and would definitely add credibility to the Liquidmetal brand. Not to mention PCC was just purchased by Berkshire Hathaway.
He is one slimmy POS.
Nobody cares.
LQMT low of day:.097. That is single digits. I will agree though that it has pushed back up nicely here, just like the entire market has. Crazy day.
I think people should just forget about Apple making any kind of statement about LQMT. It will never happen. People should focus more on other revenue streams. LQMT has already received all the revenue it ever will from Apple.
The majority of the Apple community will assume that the video is true.
For everyone still thinking LQMT is in the iphone 6s here is something you should watch:
I from my experience technicals work pretty much anywhere. The first time I played LQMT I didn't know squat about the company and traded purely on the chart and it's moving averages and some news that was out at the time. Those are basically the key ingredients you need. Add volume to the mix and you have a trade to the upside in the making.
Tomorrow probably won't be a big day. More likely it will just be a another day.
Not going to speculate too much here, but the chart is looking decent. The 5 day intraday finding a nice base. A push over .14 - .15 could see a nice short term push. Additionally, a 50ema over the 200ema on the daily chart is forming up. No doubt technicals are beginning to look up. Just need some valid news that will ensure that a short term pop turns into a long term uptrend.
That is the exact type of news this company needs to put out. A contract announcement with specifics. Everything else is smoke. With the increase in RFQs there is no excuse in the short term (less than a year) to not make an announcement as such.
That is pure speculations with no merit.
For those of you who are holding this stock hoping that Apple will announce something in September, don't hold your breath. Apple is not going to announce anything and never will. They bought the rights to use Liquidmetal in consumer electronics back in 2010 and does not owe LQMT anything, including a shout out.
The only way this stock is going to move upward at this point is through actual volume contracts being announced. It will be at least a year, probably more, before this stock sees significant revenues to break even. With over 180+ RFQs at this point there really is no excuse to not bring in revenue. If management can't convert these RFQs at even a 5% success rate then this company doesn't deserve to break even.
No offense, but this article is nearly a decade old and nobody on the planet will ever care who "Sage" is.
I would guess that the 100+ RFQs could equate to at least 5% success. So, that would be a minimum of 5 contracts. To bring a product to market takes about a year. To be cautious let's say 3 contracts are established by say end of Q1 2016. If these are mid to high volume products, maybe a medical product thrown in there, then I think it is reasonable to anticipate a pps around .40 -.50. Honestly, at this point I'd be very content with a share price of .30 in a year.
I hate this stock with all my being.
You're welcome
Can't say a cup and handle is forming yet. Certainly has potential to do so, but we need this thing to show an up trend first. Certainly have been forming that bottom though it would seem.
Roughly 1.25 million shots to break even. We know that won't happen this year seeing as the CEO said as much in the last CC. We'll see how many contracts roll in over the next year and see where we're at then. Probably going to take at least 3-5 contracts to get there would be my guess... Basically comes down to whether our sales team can push the product at this point.
Are you serious? Pretty sure the medical industry will have higher standards than a recreational knife company. Get real, dude.
Is it a fact that the knife was actually made using the Engel machine. After all, if it takes roughly a year minimum to bring a product to market I'm under the impression that the knife was actually made using the Visser facility and the concept was probably conceived prior to the split of the companies. Another reason why this product won't make LQMT any money. Any input?
I'm pretty sure they got every thing they wanted. The shareholder vote was more or less a way for insiders to get tax breaks on the shares they'd be issuing to themselves. It was an advisory vote, which gives the investor the middle finger and the insiders a majority of what they want anyway.
Probably not.
As technical analysis based trader I doubt this will go back down to .10 like many people are hoping. Some nice moving average cross over potential here to the upside. That accompanied by a positive report on May 5th could set this thing up for a an upside trend. There is no doubt that things are beginning to improve no matter how shady things seem to have been managed.
Also, if buy side volume begins to move in and push the stock upward the shorts will have to buy to cover, further pushing the stock to the upside. In addition, knowing that CIP patents have been issued during the first quarter after the expiration of the MTA extension with Apple we may get an annoucement of continued collaboration with Apple during the 1Q conference call. Definitely some speculation here and I am not too stubborn to admit that I have been wrong before, but positive things do seem to be in motion. We'll know more next week.
Good work. Sounds like we can put the "my DD" run around BS to rest finally. No offense, Tvasile, but keeping information from others, no matter how good your intentions are, is a D-bag move.
Thank you for your response.
Where is this certainty coming from? How do you know this is what LQMT plans on producing? Please don't say your due diligence is the answer. That kind of response is very arrogant. Any source for your claims? If not, I'm afraid this is just more hot air like the Apple rumors.
Respectfully,
HNYBGR
I'm almost tempted to vote "Yes" on the equity incentive plan. You know at some point insiders are going to be buying up shares. Might finally get some more buyer come in at that point to drive the price up...
Right on thanks for posting those!
Not going to lie, that knife does look pretty darn good. Any more pictures? Maybe a couple with the blade open. Thanks!
Historically this company has been horrible to its investors and doesn't seem to be making any effort to change that proven by its recent SEC filing.
An "advisory vote" on the compensation of the executive officers... That pretty much says screw what our investors actually want this is what we are doing... Do you think that is a just action. Would any religious deity approve of such action?
I would love to hear an explanation of how the executives justified their bonuses. Last I checked a bonus is a reward. You receive a reward when you have exceeded your expectations. In business that expectation is measured in profit. As we all know LQMT was not profitable in 2014 and is not going to be profitable in 2015. Those bonuses should be going right back into the company, every penny, until a profit is recognized. Is a $300,000/yr salary really not enough incentive to do your job. That's some greed for you.
Add up all the bonuses between all the executives in 2014 and that's the cost of at least two more Engel machines...
Unfortunately, I am pretty stubborn and somewhere in me, in spite of the blatant facts of getting hung out to dry by management, I see potential in this technology, so I will continue to hold my shares. I I think that the points made above need to be directly addressed to management either in the ASHM or in the next CC. I'll do my part in reaching out to management by voting no on their compensation and incentive plan...that's how I'll live with the investment I've made, by doing the right thing.
You don't have to believe in religious practices to know right from wrong.
BTW I don't mean to offend anyone who is religious. Please take note that I have not singled out any one religion in this post.
In fact, screw kvives... Land an auto contract. Honestly, how hard could it really be to pitch the sale of one little part on a vehicle given the claimed superiority of the product.
The thing you have to remember is LQMT is set up for low volume production in house in RSM. The have split their production model. Higher prodution parts will be outsourced to large contract manufactures (which they have none of at this time other than Visser technically). Finally, if a company is so inclined they than purchase Engel machines themselves and produce the product themselves while paying royalty fees to LQMT. The recent contract with Miltner Adams clearly falls into the low volume production category seeing as only 500 units are to be made which should be able to be churned out in less than a day given a part production rate of 3-5 minutes.
When it comes down to it this contract probably won't even make LQMT any revenue though: Think about it. Milter Adams is making roughly 500 knives and selling them for $260 a pop, which is $130,000 in revenue for Miltner. Let's say that their COGS is $90,000 which gives them about a 30% profit. I highly doubt that $90000 of revenue for LQMT will cover the costs associated with the production of the knives.
Basically, this contract is probably going to be another loss when it comes down to it on the income statement, but I guess you can say it is a good thing they landed a contract...500 knives amounts to pennies. Let me know when a crontract comes out with something more like 50,000 units.
Looks like this POS stock coated in liquiedmetal is breaking the flag to the downside. Look out below.
Haha. Going to the casino would probably get you close to the same results. The chart in my opinion tells the whole story. Every spike has had some type of news or pattern formation/moving average cross to propel the price upward in the short run. Looks like right now is no different.