Replies to post #70303 on Liquidmetal Technologies Inc (LQMT)

[Watts Watt]

Good post. Tom Steipp didn't bring anything new to Liquidmetal as either a consultant for one year or as CEO appointed Aug 5, 2010.

Materion had been one of several suppliers, including Korean, of liquidmetal alloys. What Materion, on its own has done, is to improve the cost effectiveness and reliability of purity through its own investment of time and energy, for which Liquidmetal has not paid MTRN one red cent.

Engel was approached by John Kang, when after 3 years of horsing around with the Buehler Die Cast Machine, Buehler recommended that using a die cast machine would never meet the requirements of commercialization of the manufacture of liquidmetal. Buehler has been an affiliate of Engel's for years and made the interface. This too was when Tom Steipp only new that Robert Patrick was able to flow like honey in the Terminator.

Those touting that Steipp made the famous arrangement between LQMT and Apple just don't know the history. Apple was working with Johnson and Peker at LQMT when they were director and Chief scientist respectively in Lake Forest in 2007.

Now, the person doing the heavy lifting is Paul Hauck, who has the Herculean task of persuading companies to give up all of their capital investment in alternative technologies which are field tested, time-proven processes to manufacture the parts they have been successfully selling for years.

Was he made an officer of the Company, vested with stock? No.
But the guy Bromage, an old chum of Steipp's who bungled business development from day one...he gets all the stock options instead of being given the boot.

And instead of keeping a lean and mean team at RSM, the Company is still carrying on the rolls the same people who ran the Company into the ground: Dennis Ogawa, Tony Chung, Ricardo Salas, Otis Buchanan. Steipp has not given one employee at Liquidmetal a pink slip since he arrived as CEO. Think about it.

I can only think of Leo Durocher's, "Nice guys finish last".

But just how nice has Steipp been to the outside shareholder.

It seems at 13 cents and underwater, it is the shareholders who are finishing last.