Below is a handy list of a guy who is really NOTSHIR, against which to check LQMT's progress. I have reversed the order for effect. (Letterman style, if you will)
21.) Plus, theres a lot we don't know.
Actually, there is so much we do know
20.) Robot Skin
Not sure what this alludes to. LQMT patents on body armor are close to 8 years since application, but no development grants yet
19.) Apple Contract til Feb 2014
Actually, everyone on this board has been informed over and over again that the LQMT-Apple MTA is in perpetuity (forever) and may be revoked only by mutual consent
18.) Wearable Electronics
Please explain how LQMT benefits
17.) NASA
The best potential seems to be in mirrors, and perhaps some canards, but, how many will NASA buy to keep LQMT afloat?
16.) Swatch
Steipp clearly stated that LQMT does not make any significant revenue from Swatch. LQMT does not make the end product. It supplies only a ring ingot. Highly unlikely that Swatch will buy a turnkey system from LQMT, as their value added comes from their own process of compressing the LQMT ring under the pressure and heat of stamping into the ceramic bezel. Further, how many people will buy a 5000 or 10000 dollar watch? Where is the volume here?
15.) Sporting Goods
I guess we are waiting on something from Egolf. Who will do the selling? Who will enjoy the profits from value-added manufacturing? I do not believe it will be LQMT or the shareholders
Also, all of the other sporting goods products have come and gone: Rawlings, Head, Beers, K4I, Bats, etc. All of them were from LQMT coatings group. Why hasn't present management capitalized on these old relationships to develop something new?
14.) Dental
Since we no longer sell to Biolase, our only dental customer, why haven't we re-opened new molds for them? What is the story with the follow-up to old customers? According to Steipp, we are now cost-effective. Wouldn't that be true for our old customers?
Ditto for our old customer, Socketcom, which made bar code readers (still do) for commercial (non-CE) accounts. Why hasn't LQMT management followed up with KNOWN HISTORICAL CUSTOMERS?
Wouldn't that have been a logical first step, to deal with friends in the trade?
13.) Medical
The only thing of substance here is that Steipp said they are working on developing a non-Berrylium formulation. This is where are our expert engineers who left there homes and country and sacrificed there careers to work for LQMT are supposedly developing
12.) Aerospace
This is the latest canard from LQMT. How many years for this? According to Steipp's comments to shareholders, such contracts can take ten to 15 years to get into the field. These are his own words. Not mine.
11.) Automotive Contracts
All we seem to know is that Barnie Visser is playing with LQMT to make parts for his racers. Time will tell how many races he will win due to LQMT parts and we go viral to the auto industry.
10.) Deep Sea Drilling
Fracking seems most promising
9.) Military contracts are underway
What military contracts? Please call LQMT or DARPA or DOD at Edgwood Arsenal to determine if the KEP program is still alive. Read your 21 again.
8.) 50 patents with LQMT plus 20-25 more w/Apple
Shouldn't we be concerned with how many patents have turned into contracts, potential into kinetic, rather than just counting how many genies we have bottled up which are on the shelf and unopened?
7.) PPS is down from 15.00 to .13-.14 cents a share
This is the most factual item on the list, but it omits how we have gone from 5 million shares on the day of the opening to 500,000,000 shares authorized. I suppose that dilution has correctly been valued into the current PPS
6.) LQMT bills are paid
Actually, the bills are being paid from share offerings and not revenues, a fine point to observe, and we will have new unpaid bills at the end of the first quarter, according to Chung, if we do not gleen a source of revenues or offer more shares
5.) After the initial cost of the mold, the cost of the part
is cheaper
In simple English, the larger the volume in the purchase contract, the lower the price per part of the mold due to amortization. The key here is to get business which is high volume. Please tell me what high volume business birds we have in hand. We all know they are out there in the bushes.
4.) Contracts are hard to get but can last 10-20 years
The key here is the wherewithal to secure contracts. LQMT has not had a bulk business contract for more than 6 years now. Only the coatings business, which we sold off, was bringing in revenues
3.) The part comes off with the precision of a CNC machine
2.) Every two minutes a part comes off. (not once an hour)
Not sure what you are comparing here: vs die casting, vs machining, vs plastics or vs what. Without a comparison, this statement is meaningless. [For what its worth, competing technologies can come out with parts every few seconds.] Not so sure this is the optimum rate to broadcast or pump up
1.) Injecting LQMT into a mold and mass producing it like
plastics.
I would use the attribution "similar to" as opposed to "like". . There are actually many differences between the two, cost-wise, preparation-wise, recycling-wise
AI
