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Saturday, January 23, 2016 11:28:39 AM
So far non of the PR's or any of the communication from management has really been of solid news of significant revenue. I have been invested here for 5years and unfortunately have learned not to trust managements communication anymore.
For example, last year in a cc Steip said we would see new revenues come the last quarter of 2015. The details he left out in the cc was that it would only be roughly 25,000 in new revenue, compared to the cash burn of 2 million that quarter. This kind of communication has been happening for 5 years now, and does not build trust with the investment community.
The knife contract is another case in point. No dollar amount or numbers were attached to the PR for the knife contract when it first came out. Many speculated on the potential revenue of this contract and the stock price rose to over .25. Then investors eventually found out we were loosing money on the knife contract and we sunk down to our current .06-.09 range.
Over the years I have seen many PR's come out regarding breakthrough machines, hundreds of interested clients, in the midst of shipping parts, and yet none of the PR's have lived up to their promise.
I still believe long investors have a 1 in 10 chance of making money from this stock. But it will only happen when and if a buy out occurs from another company like Apple or Engel. This is a long shot. Steipp does not have the experience, nor Liquidmetal the coin to gets this company to break even, and his days are numbered because of the cash burn with the company.
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