Liquidmetal Technologies Inc (LQMT)

[jrs5]

If you followed the company for that period until now, the events do make sense. The company mass produced LM on earlier machine versions. They made some $ until it was learned that there were issues with those machines causing material defects. They went through a few versions until they got to the Engel machine. However, they could not land any contracts because no customer was going to front the $ to buy the machines. The customer wanted LM to have a facility to produce the parts for them. The company could not go any further as they did not have the capital to invest in production facilities.
Enter Li, he has put up the capital to build production facilities and joint ventures so the company can now meet the customers needs. He is putting the infrastructure in place and once in place will start getting orders. With only about $9M in annual operating costs, it will only take a few contracts to get the company in the black. This will take some time, maybe a year or two. So if you are a long term investor, just relax and enjoy watching a company being reborn.