For the Three Months Ended March 31, 2022 and 2021
...."The Company believes that the alloys and the molding technologies it employs may result in components, for many applications, that exhibit: exceptional dimensional control and repeatability that rivals precision machining, excellent corrosion resistance, brilliant surface finish, high strength, high hardness, high elastic limit, alloys that are non-magnetic, and the ability to form complex shapes common to the injection molding of plastics. Interestingly, all of these characteristics are achievable from the molding process, so design engineers often do not have to select specific alloys to achieve one or more of the characteristics as is the case with crystalline materials. The Company believes these advantages could result in Liquidmetal alloys supplanting high-performance alloys, such as titanium and stainless steel, and other incumbent materials in a wide variety of applications. Moreover, the Company believes these advantages could enable the introduction of entirely new products and applications that are not possible or commercially viable with other materials.
To sum up the above 100% forward worded statements:
BELIEVES, MAY RESULT, MOREOVER, BELIEVES, COULD ENABLE.
In essence nothing has changed since inception. Nothing has changed since the 2010 LQMT/Apple loss of CE debacle and nothing has changed since the 2016 LQMT/Eontec loss of USA control debacle. The only changes are those using our IP are earning revenues and we LQMT, are earning bubkas, zilch, dukas to make positive the accumulation of operations expenses not to exceed actual earnings for every 10Q reported and have absolutely no new mega contracts to talk about or discuss or report on as do our direct competitors have been doing and are doing. But now, that we sold off the 2nd largest economical footprint in the world, to earn revenues from China for 405 million shares and 46% of the company. China is no longer our competitor. So going forward. LQMT, IMO, too is putting out more hype of hope and expectations and maybes and could be’s and believes and less on reality when it comes to words not math. For the math and the words do not add up to the actual revenues from actual contracts. They do not even come close.
But contracts? Absolutely bubkas, dukas!!
They say they are focused on revenues too! Well after six years of LI, LI, LI, LI, LI, LI, and more years of TC, it’s time to get a new pair of glasses.
For the past several years since LI took over from Hong Kong/China, restructuring ( transferring manufacturing to China) for manufacturing was and is not the only thing taking place. Getting rid of executive’s are another thing taking place.
Downsizing from Employees knowledgeable in manufacturing to R&D to Executives. Not exactly a way to instill confidence.
The actual actions and actual bottom line annual results and actual rhetoric run contradictory to each other.
Looks to me like the lights are going out.
LQMT may have the cash to survive another year. But it means nothing if they can’t produce a 25% of what Li is producing in China for companies doing business in all parts of the world.
Good luck to all in LQMT.
Is that a light I see at the end of the LQMT tunnel or a distant star that burnt out a long time ago? We will know the answer this year.
