Appreciate your response. Based upon the machines awaiting Engel to sign off on the machines after further testing, is it any wonder at all that there would not be any contracts signed to date.
Someone else (I regret I cannot cite the posters name, at present, said in words to the effect that no serious company is going to change their present operations and go with a new technology if that technology is not existing in a commercial production state that has been signed off by Engel.
So, until Steipp comes out with a statement that the machines are commercial production ready, clearly, the machines are not ready, and the potential clients KNOW THIS, and, obviously, do not wish to be a guinea pig.
By the way, for all of those out there who still think that VPC is making parts for SWATCH GROUP, please, just fuggetaboot it.
Omega watches, with the ceramic/liquidmetal dial are made by SWATCH with SWATCH machines (and they are not injection molding machines).
Even Steipp, who recommended that all investors watch the OMEGA video, NEVER suggested that LQMT had ANYTHING to do with the technology used to fuze the liquidmetal and ceramic bezels together. That is because SWATCH developed the technology and machines to do it.
And it is likely, too, that MTRN is not supplying the ingots.
If you will recall, by reading the VPC contract with LQMT, there are THREE Non-exclusive suppliers of Liquidmetal formulations.
MTRN, a company in Germany, and one company in China. Please read the contract.
For sure, if I was manufacturing in Switzerland, I would buy my raw materials from the nearest supplier, which, in Swatches case, would be in Germany.
Please tell me when STeipp is going to start speaking directly and with candor, rather than play ring around the rosey with words to the shareholders.
If Steipp were an ordinary employee, and not CEO, and had to report to the CEO, he sure as heck would speak with more directness and accountability.
The fact that he does not have to speak that way to the Board of Directors, speaks to the highest degree of the quality of the BOD.
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I see no corporate governance here.
