Liquidmetal Technologies Inc (LQMT)

[riese713]

Per the last conference call - "about 28 prototypes and some of those have ended in non-moving forward", here is the transcript link:

http://seekingalpha.com/article/1611432-liquidmetal-technologies-ceo-discusses-q2-2013-results-earnings-call-transcript?page=4&p=qanda&l=last


"Mark Bruce Raymond – Quest Capital Strategies, Inc

My question you’ve set off some prototypes, what kind of feedback both positive and negative that we receive from that?

Tom Steipp

Basically I think we sent prototypes to, I think we sent-off, I'm going from memory here by about 28 prototypes and some of those have ended in non-moving forward. The bulk of them, the majority of them are obviously continuing to move forward and in some cases we’re on our second or third shipment of parts to those folks as they either modify the design or continue to test themselves. So the answer to that would vary based on the individual prototype that you’re asking about. They are all kind of indifferent stages Mark."

The cash burn has been their salaries/compensation for executives/board members/employees, "marketing", and they have developed some patents on their own (their own R&D).

It is a lot of money to burn with no contracts or new revenue to show.

I sent an e-mail to Liquidmetal asking about what industries/prototypes are still out there in testing and which ones have gone to "non-moving forward". I asked for a PR on this so we had an idea what was going on.

Tony Chung answered me and said he could not answer me privately as this is a public company but this would be addressed in the next conference call sometime in November.

So none of us knows how many prototypes (exact number) is out there, how many have been rejected, and how many are still in the running.

"Remember, Steipp said they were ready to roll, production-wise, one year ago. But the latest PR stated that that was not the case at all. The latest case says that LQMT has only achieved that point within the last few weeks"

You are right on the money with this statement above - and it was why there was no follow through to push the stock higher with the PR announcement. I for one thought as per previous statements they were already "ready to roll, production-wise"...it was a surprise to me to hear that was not true but this has only occurred per the last PR. It seems...I am not alone in this.