Recently in October 2017, LQMT published results of a medical clamp prototype exceeding expectations needed to out class steel. Now one would think that the company did not come up with this idea on their own as a publicity stunt. One would think that a company making medical clamps wanted to know what and how the LQMT product could improve and compete with the steel clamp. So LQMT made the prototype clamp with a goal of 200 uses thus surpassing the current 100 applications for steel clamps before they needed to be replaced with a new clamp. Are you following me so far? Yes? Good! Well the Amorphous metal clamp, when tested, far surpassed the 200 application goal. Before the LQMT Medical clamp wore out They achieved as reported by LQMT, 636 applications. That is 6 x’s better than the steel clamp.
So the big question is this...where the heck are the orders for the clamps???
Wait there’s more... Over the years LQMT has received 100’s of requests, have made dozens of prototypes. Many, which have been touted by LQMT and are used to promote LQMT with great success and far surpassing existing materials. So let’s ask ourselves. Where the heck are the orders, the contracts, the revenues.
It would seem that there is a corporate mindset that the company is run like a non-profit charitable organization, where the employees draw a salary and nothing else. Perhaps a change of business format needs to be implemented.
Since LQMT burns a lot of cash and wastes (not always) a lot of time when manufacturing a successful prototype, maybe they should be compensated for the total cost it takes to manufacture the prototype, when no orders are placed.
Just who the heck is negotiating prototype activity. Seems like no one is. Seems like a good way to lose a lot of money too in the process of succeeding. Thank heavens for us, thank heavens Mr Li, has very deep pockets. The last time management ran the company like this it took 2 bailouts to stave off bankruptcy.
Mr. Cook, do you need a prototype? Oh no, I forgot, you own the license. At least the company and shareholders received compensation for all of those prototypes.
LQMT, are you listening? You’re not a charity. You’re in debt. You do not need another tax write off. After all the company is doing fine and is on schedule as per your blogs and our patience. Right?
Good luck to all.
