Good morning Liquidmetal and a fine morning it is. A bit windy here in the Northeast, hoping it will blow in more work and may be a contract or two. No new tangible news since the COO announcement and the OH before it. All eyes turn to the quarterly reports and the news feeds for the anticipated PR we all hope to see.
So what do we know? Li set out his plan in "Commanding the world's respect". Now he is implementing it one step at a time.New facility, paid for, no debt. More machines onshore, machines offshore, plans to manufacture. Real plans. I dont think anyone who went to the OH has a single doubt of the capability to manufacture. We are arguably in the strongest position we have ever been to become profitable.
Still the wait is excruciating. I think in this case no news is good news until it is not. So again we look to the future. Its hard not to compare whats happening today to what has happened in the past. Yet to be successful we must focus on the future opportunities. "Eontoc is the only company in the world that can produce molding bulk metallic glasses (another name for amorphous alloys), which are used in consumer electronics, automotive and healthcare sectors."
This is the gold nugget we have for a great running future with this company. Yes we are delayed a bit. I for one had expected to see break even in 2017. With the additional investments that probably wont happen. Yet I cant argue with those investments. I just dont have the data. So again I am left with what we know and trusting that the team will push the ball into the end zone. I do believe, which is why I started accumulating more shares this week.
"We are now planning to enter the US market and become a leading player," said Li. I look forward to this. This is called a $30 billion market, what part of that market will be ours and how will that affect our PPS is the question on my mind. Ride unicorns, ride.
Not quitting my day job any time soon. Preparing for a Nor'Easter today, hoping my flights to Toronto get out on time. Stay safe and dry if you are in the Northeast.
