Yep. Hats off to BB. He doesn't try to "run" the board.
He just trades.

Good post.

Watch ELTK - earnings 8/29/13. New majority owner reported last week.

Careful - thin.

Considering the light tankage and the sky-high kool-aid factor here, you may be right.

Lack of an SEC filing did it for me. They have competent accountants, filing regularly, etc. That lack of filing was the tell for me.

Bot yesterday, added today. Slow fill today.

No. Just a Nasdaq report showing 300,000 shares sold between ELEVEN institutions.

Not exactly bigballers.

Does anyone have access to this article from the NY times?

Hedge Fund's Suit on Fannie and Freddie May Spell Trouble for US
dealbook.nytimes.com/.../hedge-funds-suit-on-fannie-and-freddie-may-s...?
Jul 29, 2013 - The government's failure to cleanly deal with Fannie and Freddie's stock and bondholders during the financial crisis is coming back to haunt it, ...

Thank you.

Shareholders in the two companies, long thought to have been wiped out during the financial crisis, are starting to object to that arrangement now that it’s conceivable the government could end up with a net profit on the bailout.
Investors including hedge fund Perry Capital LLC and mutual fund Fairholme Funds Inc. have sued the U.S. in the hopes that shareholders could recoup some profits. They’ve also been lobbying Congress to allow Fannie Mae and Freddie Mac to become private companies again instead of liquidating them.


THAT's the problem. All the money paid back by year-end...then what? Fannie is way ahead of Freddie on the payback.

Freddie reported reported a day early. Let's hope FMNA files in the a.m.

Not a bad 10-Q. $4mil in cash at June 30 and no stock issuances other than payoff of final installment on debt (announced earlier).

I was concerned about new debt coming, but that does not appear to be the case. And no reason to reverse split.

Maybe down to .12 again if no news?

Started popping just after CNBC discussion. Obama can't have it both ways. No one believes private investors are going to back up 30-year fixed mortgages.

FMCC reported this a.m.: Freddie Mac (FMCC) Q2 Net Income Up 9% to $5B

http://www.streetinsider.com/Earnings/Freddie+Mac+%28FMCC%29+Q2+Net+Income+Up+9%25+to+$5B/8575350.html

Freddie Mac (OTC: FMCC) net income was $5.0 billion for the second quarter of 2013, up $407 million from the first quarter of 2013. The increase primarily reflects higher derivative gains that were partially offset by higher losses on mortgage loans recorded at fair value.

Freddie Mac's comprehensive income was $4.4 billion for the second quarter of 2013, down $2.6 billion from the first quarter of 2013. The decrease primarily reflects changes in the fair values on the company's non-agency available-for-sale (AFS) securities. The fair value of Freddie Mac's AFS securities may fluctuate considerably from quarter to quarter due to market conditions, which can lead to variability in the company’s comprehensive income results.

Treasury Draws and Dividend Payments at June 30, 2013
No additional Treasury draw required for the second quarter of 2013
Based on net worth of $7.4 billion, the company’s dividend obligation to Treasury will be $4.4 billion in September 2013. Including the September obligation, the company’s aggregate cash dividends paid to Treasury will total approximately $41 billion
Senior preferred stock outstanding and held by Treasury remained $72.3 billion, as dividend payments do not reduce prior Treasury draws

My sentiments exactly. eom.

All out this a.m.

Sold 2/3 of my holdings near the close today. Let's see what Monday brings.

I think they sold a few too many shares two weeks ago on LQMT. The bulk of those debt payoff shares were distributed long before the 8K was issued regarding the payoff.

That's because it's old - note the 30-pin connector.

How could you forget "epic dump"? He loves him some "epic"

Search Member Posts for: epic by StocksRockStar

Subject Board Date/Time
your right, float is now 4 billion. Liquid Metal Tech 07/30/2013 10:29:48 PM
I agree, no news & epic tank tomorrow. Petron Energy II Inc 07/30/2013 10:28:12 PM
I agree, 62.5% red tomorrow at close is Liquid Metal Tech 07/30/2013 04:59:43 PM
epic dump! ha ha ha ha Petron Energy II Inc 07/30/2013 03:56:57 PM
epic dump tomorrow per secret skype chat! Liquid Metal Tech 07/30/2013 03:55:47 PM
epic dump! who is holding when they Primco Management, Inc. 07/30/2013 09:39:29 AM
I agree, epic dump on news today! Primco Management, Inc. 07/29/2013 09:26:02 AM
I agree, epic dump tomorrow, .0015! Primco Management, Inc. 07/28/2013 05:37:16 PM
I agree, epic tank again today! Primco Management, Inc. 07/24/2013 07:33:52 AM
911 trade is warning to get out fast Primco Management, Inc. 07/23/2013 11:14:13 AM
Your right, epic dump on Monday, I'll Primco Management, Inc. 07/20/2013 02:26:49 PM
We agree too, epic dump today and I Primco Management, Inc. 07/19/2013 09:04:01 AM
I agree folks, epic dump today! Primco Management, Inc. 07/19/2013 08:11:06 AM
Your right! Epic dump soon! Primco Management, Inc. 07/18/2013 12:44:33 PM
Epic dump today! L2 looks terrible! Primco Management, Inc. 07/18/2013 09:29:46 AM
Epic dump ahhhh ha ha ha!!!! Primco Management, Inc. 07/17/2013 05:04:27 PM
Epic dead money here! Arch Therapeutics, Inc. 07/17/2013 02:53:48 PM
Epic dump just started! Muuuuhahahahaha ha Xumanii Intn''l Holdings Corp. 07/17/2013 11:35:13 AM
I agree, epic EOD dump soon! Primco Management, Inc. 07/16/2013 03:57:11 PM
I agree, epic tank today Primco Management, Inc. 07/16/2013 08:57:29 AM
I agree with you, epic gap down! Primco Management, Inc. 07/15/2013 04:06:23 PM
epic bag holder factory here! $0.0001 very Primco Management, Inc. 07/15/2013 03:50:52 PM
Epic pre-promo play here! https://twitter.com/michaelcgunn/status/354268747059 Arch Therapeutics, Inc. 07/08/2013 12:01:56 PM
Muuuuuuuhahahaha! Epic gap down and tank Monday! Raystream Inc. 06/07/2013 04:04:18 PM
epic dump now! get out fast! RJD Green, Inc. 06/06/2013 09:43:03 AM
skype MM chat room say'n they will pull RJD Green, Inc. 06/05/2013 03:11:20 PM
epic dump today per secret promo chat! Harbor Island Development Corp 04/30/2013 09:13:14 AM
epic dump today per VIP skype chat! Medical Marijuana, Inc. 04/30/2013 09:07:00 AM
Epic dump now ! Glad I bid Harbor Island Development Corp 04/23/2013 10:10:21 AM

My mistake, you are correct. June 30 loan balance should be $1 mil.

The company has been issuing these shares for debt payoff since August 31, 2012. The first payment was made at .24/share per the 9/7/12 filing.

Look at the volume pop once a month for the last year. Those debt payoff shares are long gone and there is not enough authorized for the company to have issued a couple of hundred million more in a new financing.

Looking forward to August 6.

They are a week early on the conference call and presumably the 10-Q?

I think we see a clean balance sheet, no new paper, with 3-4 mil cash.

This guy must be out of the loop with Apple/LQMT. Otherwise, he wouldn't be talking out of school.

Wonder what is up with this guy?

Yep. And the impending 50/200MA cross on LQMT won't hurt either.

OK. You don't read filings. I get it..

Good luck.

Any insider (which would include the CFO) is privy to non-public information and subject to the reporting rules. Officers, directors, key employees, and 5% or more holders (inluding relatives and related parties) are all considered insiders.

And if by "lock up", you mean vesting schedules, you friend is dead wrong.

Read the filings. Insider holding and vesting schedules clearly spelled out.

Here is another odd note on the 3/31/13 Form 10-Q (as far as balance sheet clean-up is concerned):

Note 9. Other Long-term Liabilities

Other long-term liabilities balance was $856 as of March 31, 2013 and December 31, 2012, and consists of long-term, aged payables to vendors, individuals, and other third parties that have been outstanding for more than 5 years. The Company is in the process of researching and resolving the balances for settlement and/or write-off.


Translation for non-accoutants: We have some old, crusty payables sitting on our books and we have no idea whether we owe them. We are leaving them here until we figure it out.

You think gap down? I almost dropped half today near close, but that fight to form a perfect doji today was a little to neat for me.

They did not happen at the same time.

If you read the 3/31/13 Form 10-Q at the SEC site, you will see the conversion and the acceleration of the debt payoff.

Note 11 to financials:
"During the three months ended March 31, 2013, the holders of the Company’s Series A Preferred Stock converted all of the outstanding 506,936 shares of preferred stock into 16,896,070 shares of the Company’s common stock (see “Preferred stock” below). After giving effect to such conversion, the Company has no shares of preferred stock outstanding."

Note 7 to financials:
"Pursuant to the terms of the Senior Convertible Notes, the Company opted to pay the first eight monthly installment payment due prior to March 31, 2013 with shares of the Company’s common stock. As of March 31, 2013, the Company issued 96,963,776 shares of common stock at a weighted average conversion price of $0.0888 for the first eight installment payments prior to March 31, 2013, consisting of $8,000 principal and $580 of interest."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90255463

The preferred were converted before March 31, 2013, as reported in the 10-Q.

And "the pump"? Filings about paying off all of your debt EARLY tends to be good for your stock.

Funny how an SEC filing became "pump".

OT: Cookiepants - your alias always makes me laugh.

OK, can we sticky this clarification of Apple agreement?

Thanks, Pokerlover.

Did you draft the agreement? Do you have details not disclosed in the filings? Why even bother with the separate entity if the terms are so cut and dry?

Apple has an exclusive agreement to use Liquidmetal in consumer electronics.

Royalties on eventual sales have never been disclosed.

Licensing fees are separate and distinct from royalty payments.

A year old article from Forbes. Interesting.

http://www.forbes.com/sites/greatspeculations/2012/06/01/apple-iphone-5-and-the-insanity-of-liquidmetal-speculation/

"If Liquidmetal turns up in iPhone 5 case, there is not much doubt that uninformed speculators will run Liquidmetal stock up. For investors who can read an 8K, there is a bonanza ahead first on the long side and then on the short side."

From the 10-Q - page 11 in Note to Financial Statements

http://www.sec.gov/Archives/edgar/data/1141240/000143774913005968/lmr_10q-033113.htm

Apple License Transaction

On August 5, 2010, the Company entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) the Company contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to the Company a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. Additionally, in connection with the license transaction, Apple required the Company to complete a statement of work related to the exchange of Liquidmetal intellectual property information. The Company recognized a portion of the one-time license fee upon receipt of the initial payment and completion of the foregoing requirements under the license transaction. The remaining portion of the one-time license fee was recognized at the completion of the required statement of work.

Under the agreements relating to the license transaction with Apple, the Company is obligated to contribute all intellectual property that it developed through February 2012 (and subsequently amended to extend through February 2014) to CIP. The Company is also obligated to maintain certain limited liability company formalities with respect to CIP at all times after the closing of the license transaction.

Correction: I did not read yamasushi's post from last Friday. My guess at 365 mil outstanding was 25 mil too high.

yamasushi
Friday, July 19, 2013 10:32:19 AM
Re: bodhi pipeline post# 29822
Post # of 31147
** as of today 7/19/13 there are 338,679,000 total outstanding ( was 320mm before yday.. then LM issued the LAST share payment to the pipes of 18,679,000) so we are done with dilution forever hopefully. 338,679,000 not terrible.. could be worse.


I assumed that there were more shares issued after May 1, 2013.



Thank you, yamasushi.

OK, let me have it. Here is my take after 5 days of sick, sick LQMT trading volume:

LQMT seems to be cleaning up their balance sheet.

In the first quarter, all of the preferred were converted to common shares and the convertible debt was decreasing each quarter. $8 million of the original $12 mil financing from September, 2012 had been extinguished with shares by March 31, 2013 (2 months paid ahead of schedule).

The outstanding shares increased from 305 mil at March 31, 2013 to 320 mil on May 1, 2013.

The company issued 96 mil shares to take out the first $8 mil of debt. (These 96 mil shares are included in the 305 mil O/S share total as of the 3/31/13 filing.)

So, quesstimating here:
- Another 15 mil shares by May to take out at least another million dollars for payment #9?
- If the rest were paid timely and gone by July 18, 2013 (per the recently files 8-K) at 15 mil shares per one mil of debt, I suspect the outstanding now is close to 365 million, maybe 375.
- Maybe the float about 275 million?

335 million shares traded in 5 days.

Why bother converting the preferreds and prepaying the convertible debt?

Why not take the authorized to a 750 mil or a billion instead of from 400 mil to 500 mil?

The regular pinksheet pigs don't go to all of this trouble. They never pay off squat - they just roll it over.

Something is up here.

Forget the 3D stuff. Just message board machinations. Watch the chart and the hideous volume.

Hmmm...LQMT starting to rumble?

Uh, no. This was his prediction last Friday....
"volume has started to slow, the game is over...
sell or be a bag holder for another year or two.. "

Sweet day! Solid up and good volume. Sumptin' up.

Whatever is going on, this is some sick volume.

Unbelievable strength on no news.

What in the world are you talking about? "Sell Apple royalties"? Where do you get this stuff?

Wuh? You state LQMT "going through cash like crazy"?

$5.5 mil in cash at March 31, 2013 and used only $1.6 mil in first quarter?

http://www.sec.gov/Archives/edgar/data/1141240/000143774913005968/lmr_10q-033113.htm