No matter what is published in the 3Q results, it is clear that any revenues reflected, (apart from Valencia Circle Rent and investment in bonds or securities, perhaps even Chinese Securities) will be based upon a minimal royalty or gross income from sales to keep sales to US and European customers as competitive as positive.
Note the obvious failure of the 3Q 10Q management commentary
"securing our first orders for recurring, volume, deliveries of functional parts utilizing our technology. Monthly shipments began in July and will result in regular supply into a targeted market".
Not one word or phrase was dedicated to REVENUE.
Every positive statement on this board about the commentary has not addressed this fact.
There is no description of how revenues were generated (by sales from US staff to their customer base or by royalty of sales made by Eontec to its customer base in US or Europe. NO DESCRIPTION of REVENUE.
You can say all you want about "first orders, recurring, volume, deliveries, etc.", but if you don't say anything about revenues...well, just how valuable is that information?
What if all revenue streams are minimized or even loss leaders just to secure the "first orders".
Professor Li has NEVER discussed REVENUES apart from rent or interest or dividend income from securities.
As far as I know, CHINA is begging for US dollars to keep its economy going...and, in my opinion, will keep as many US DOLLARS in CHINA. Surely, this is going to impact any revenue sharing agreement between Professor Li (Eontec) and Professor Li (LQMT).
This is what is scarry for me as an investor...we have nos assurance that LQMT will get any fair share of any revenue pie, because it is PRIMARY that EONTEC stay afloat...NOT LQMT.
Just sayin.
Time to brew my coffee so I can take my meds.
What with the markets extremely spooked due to the WUHAN VIRUS NEWS this morning, it is hard to make any prediction for today, but it surely is going to be a real bloodbath. For us, I would say at least ten percent to the downside.
Certainly, not the 20 cents forecast. We still are NOT EVEN THERE.
