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Saturday, January 21, 2017 11:08:16 AM
Just remember that mfg has to be scaled methodically. Li isn't going to go out on a spending spree. He already has a mass producing partner in Eontec IF/When needed. When you start talking about new buildings, capital equip, employees to operate, additional infrastructure, etc..,this all equals mass expenses and 64 million will NOT go very far.
This raises a question, Why spend his own money on a die cast machine when Eontec can already take care of any die cast orders ?!
Goes back to Li’s statement about “transferring orders to the domestic”
Which will also boost the price of Li's 405m lqmt shares, no coincidence.
Li would already have had his other company, Eontec, foot the bill and do all the pre-production and prototyping on the die cast machine and molds before he ordered it. Eontec already has the money, manpower, resources and knowhow to do all that instead of Li using up his own money placed into lqmt.
Li stated that both EON and LMT engineers have been working closely together and LMT alloy has already been tested on EON machines. So this First die cast machine is for parts orders since prototyping and molds have already been done in China.
Li is well on the way to a Fast scaling up of production in the domestic American company.
He is a shrewd business man leveraging all his assets to grow his lqmt investment.
Otherwise he would have taken the cross license rights and went back to China.
He is diversifying his assets outside of China's monetary control and Li has greater potential for share price growth in the American Liquidmetal company than in Eontec stocks.
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