It seems to me ( and this probably doesn't sound very astute) that LQMT hasn't really been negotiating contracts ( at least not yet) that demonstrate that they expect to generate revenue streams from their IP and parts sales beyond license fees.
The emphasis seems to still be on license fees (vs. production and royalties from any of any significant scale according to them, e.g. Swatch).
They used the excuse that they have been in vacarious financial situations as as the reason they have made tradeoffs which is probably true.
But looking back and even recently at how they dilute, haven't communicated about developments openly, etc......they look shady to me.
It's still "string along" verbage in CCs with an emphasis on the remaining stages of commercialization ( nothing sounds "exciting" .... Just methodical business as usual and in arbitration with their primary partner for manufacturer").
If these guys could talk more numbers and forecasts that sound more positive....but they still sound like they are learning to walk.
Call it early stage or what have you, but the more sr. people working there are anything but.
I believe that they feel comfortable with their relationship with AAPL even though it hasn't resulting in supporting the development of any contracts for non-CE business to any level of significance to date.
They probably aren't big enough to work much on projects outside of their arrangement with AAPL.
How long have they been talking advancing one or two parts with customers and prospects ( a year now).
They haven't really been able to describe "how" they will grow revenue with specifics beyond licensing and contract consulting type of work.
Their kind of on the hook now that they emphasize shareholder value more, but I believe that unless someone stays on them to report back, it could get watered down in the future.
I'm not long until they start to come out it with financials that are growing/improving.
People can taunt for missing a pump, but the pumps haven't been based on legitimate business in my opinion.
It's offensive to me when qualified professionals settle for less and it seems to me that they are either too complacent or too used to doing business in a way that undercuts someone else.
Not cool at all. The appearance of improvement in one CC is a start, but ...... Investors in effect are still left hanging.
