Finally some one understands what was happening all along here. Steipp put himself first and shareholders a distant second. The only people that made money here the past half decade was the top executives. And they didn't have to work that hard for the enormous salaries, stock options, and benefits.
Having the "magicial elixir" in Liquidmetal compound that no one has been able to commercially monetize has enabled him to continue to tell a great story without producing results. The stockholder ate it up hook, line, and sinker. Partners like Visser fell for it as well.
Hundreds of millions of shares issued and barely any revenue. A deal with Apple that was good for Steipp & Co. but bad for investors due to it's extremely stringent terms (exclusivity on consumer electronic products).
Just amazed that some smart people here kept believing all the koolaid that was spouted. Five years of very little revenue with very high SGA costs should have been a tipping point.
Steipp & Co. laughing all the way to the bank.
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