Replies to post #68918 on Liquidmetal Technologies Inc (LQMT)

[Out The Window]

My hope (there's that word again) is that the "Tactical" contracts make way for the big three he mentioned.

Like Watts said, nothing other than "Tactical" for the remainder of the year.

The good news is that i will be picking up somes shares on the cheap!

[CantonG]

As always, I had to be drinking water when I read, "This is my positive report.

Negative report to come later. ", whilst water ran from my nose in laughter at that point. Aah Watts you have a way with words.

If that was your positive report, can't wait to read the negative one!

[CIMA7]

My opinion to Watts’ comments in reference to the conference call:

1) Steipp no longer mentions his bunglement of the in and out of the partnership with VPC. (It is much too embarrassing for him to admit his failure both in and out of the exclusive contract.

Why should he? He screwed up. Does it really matter today? Quit looking in the rearview mirror. You might crash!

2) Steipp actually is backtracking on CLM's. He won't admit it, but they offer the same problem that VPC offered: not enough margin in this business to support the overhead of LQMT plus another contract manufacturer. To his credit, Steipp finally admitted publicly for the first time that he has been with LQMT since 2009. Up until now, he has led many of the naive investors to believe that he came onboard in Aug 5, 2010 (the day he became CEO). In actuality, as he confirmed today, as a consultant he started working in 2009 when all of the VPC, Visser, and Norden transactions were made without any vetting of Barney Visser.

I agree with you that he may have miscalculated the profitability of a CLM. I have a strong feeling they are going to move forward “attempting” to produce too much in-house, which may prove to be disturbing news unless the get the right team in there to manage a larger shop.

3) Steipp ignores the fact that his contract is only a 5 year contract. He also thinks it improbable that the board (which he appointed (Sevcik, his old buddy from Hewlett Packard), Anderson, who is his old buddy from broadband networks days when he was at Symmetricon. How does he get off calling this an INDEPENDENT BOARD. BULL SHEET

In time my friend I have a strong feeling you will be forced to recant your negativity towards Steipp and reassess what he has done for the company, especially when the big contract that I believe he’s been working on since 2009 is executed. Just an educated guess…

4) Tony Chung continues to put raising funds as a priority over raising revenues from manufacturing. This boy just doesn't understand the business world, whether it be from his experience at a failed accounting software company MAI, or his neglecting to take common sense business law or commercial law courses during his sabatical from LQMT. He has been the most dangerous advisor to Steipp since 2009 re-entry to Company.

NO COMMENT > This is just another one of your negative rants. It would be better to punch a punching bag than waste your time on this.

5) Paul Hauck was stellar in his presentation. The only mistake was in passing the microphone to Tony and then back to Tom Steipp, who is now back to his normal stuttering and stammering, and someone else put it best, his obfuscation. The lad is a very troubled person, unsuited for the task.

NO COMMENT > This is just another one of your negative rants.

6) As far as RFQ's......the numbers are paltry considering Steipp and Dennis Ogawa mentioned that there were 800 plus in 2011 (go back and read the Cc's. This only affirms that until Paul Hauck came onboard, the whole company was CLUELESS on how to sell to engineers at companies. This includes Bromage, who was so incompetent at marketing that Tom promoted him to Executive VP.
This is how the PETER PRINCIPLE works.

Wow I finally have to agree with you on this 100%. These guys are not sales people and had no business trying to sell anything, let alone Liquidmetal. I also agree with you that Bromage and Salas are dead weight and need to go.

I also believe that Steipp “may” have been waiting for progress on a particular front and when it came to fruition Hauck agreed that he would come aboard, but not until certain parameters were met. Why else would Hauck come aboard? Is he fooled by Steipp and Chung too? Lol… I don’t think so. I think he knows he can take this company places.

Just can't believe how the pump proclivity prominents have disappeared from the board.

Who says they are gone? If you are referring to me as being one of the pump proclivity prominents, I wouldn’t speak to soon! You may eat these words. By the way I took a nap for the second conference call in a row. I did listen to it when I woke up and I was actually surprised. It was better than I thought it would be.

I DO NOT WANT TO PUMP THIS OR ANY OTHER STOCK WATTS. I TRULY HOPE YOU AND THE GANG ARE ABLE TO PUSH THE PPS DOWN BEFORE WE HEAR ANYTHING MAJOR. I WOULD LOVE TO GET MY SHARE COUNT UP.

My hat goes off to Scott Ambrose and his question about Steipp's tenure.

I'm quite happy myself that he asked the question. I had a "very strong" feeling Steipp wouldn’t be going anywhere and I believe you will see why very soon. Steipp basically said in his answer that he was worth every penny he gets paid. We shall see... Also, I’m sure there are a lot of investors that will be happy to see him remain at the helm for a while.

I wonder who is in charge of ISO certification...I am going to take a big guess and state it must be Ogawa, cause it still hasn't happened yet.

That is a good question and I will make sure to email Liquidmetal and request an answer.

HOW MANY BESIDES the games players think we are out of the midst?

Fist I must ask... Do you really care?

If game player is what you want to call them, this game player thinks we are very close to being out of the midst as far as the PPS goes. Now steady revenue is a different story. Another problem we may encounter is if these guys try to manufacture too much in-house.

My closing statement:

I will be taking sometime to focus on my family, business and the chdproject.com, that I started to fund congenital heart defect research. Last but not least I hope to buy lots on the dips and wait for the good news!

Good luck to all!