Replies to post #109009 on Liquidmetal Technologies Inc (LQMT)

[mc67]

Then there are all the bonuses over the years. Bonuses for what ? ..being a scumbag is expensive ...ha!!

[Watts Watt]

My view is like yours. Picking competent people to run LQMT is important. For example. Why didn't any of the Caltech scientists ever return to LQMT. Before Steipp we had some excellent Johnson protoge's like Waniuk, like Peker, like Schroers, like Paul Kim, yada, yada, yada.

Jan Schroers is a very competent scientist.
I had the good fortune of knowing him from meetings at both LQMT and Caltech.

His appointment to professor at Yale was no accident.
It appears that he has expanded a team which once was just "mom and pop" to further the research at his Supercool Metals which he formed about 6 years ago. He knows his own strengths. He knows how to pick applications oriented technicians who probably will commercialize a product shortly. He has stayed connected with his mentor, Bill Johnson, and his company is loosely modeled after Glassimetals, and he is well known among the scientific community and well published. Steipp's picking an unknown, with no experience at all in Liquidmetal was a big mistake and cost the company years in its mis directed way of commercialization with just an R&D mindset.

This is what was lacking at LQMT: A person of vision and ability to make things happen effectively and efficently and in a timely matter.

Just because Rome wasn't built in a day does not mean one should take an eternity to do something.

And it seems somewhat absurd, that, after 7 years, we have gone full circle and now are returning to where we were: making liquidmetal products with die cast machines. And the formula is not as good and the process is not as good. There will have to be secondary processing to get the surface flaws out.

Who is buying the niche of niche product market of Engel IM machines? Who? Who? Where are all of the European markets?

[rige]

Its all about ones own perspective.

Some of those execs are still around under Li, others had none to replace them on the Board until recently. Some could have cost the company huge wrongful dismissal claims, They are not highly paid either, 300k is a pittance for execs.

Lqmt was only able to have in-house manufacturing After Engel perfected its machines. Wouldn't want to show potential customers a flawed unperfected manufacturing method.

A start-up is always in the midst until it secures a major contract, being in the midst of shipping prototype parts and orders is not a lie, the problem arrises from the expectations of investors regarding those parts.
You wouldn't want lqmt to Not be shipping any proto parts, that would be a dead company, each prototype kept the company alive regardless of whether it led to an order or not, any start up needs to stay active, each prototype made is more experience earned for lqmt.

The bonuses where stocks, its always used by companies as an incentive for employees to make lqmt a success.

Steipp kept lqmt alive until he found the right partner/financier.
(not including the successful relationships with Engel/Materion/Apple)

Steipp could have tried a GTAT scam and made himself hundreds of millions now, instead he cut his severance package in half and moved out of the way once he new lqmt was in good hands. Very honourable especially considering that Steipp had to clean up the mess left behind by Kang, any other CEO would have stayed until the company was a success only to satisfy their ego and reap the recognitions of their peers, but not Steipp, he stood aside before lqmt becomes successful. A very noble man. He has always done what is best for the company.

Lqmt is not bankrupt, no reverse split.
Lqmt has BMG monopoly with CIP.
Lqmt has the worlds only BMG Injection machines made by Engel.
Lqmt has a billionaire CEO with huge manufacturing plants in China, new formulas and patents too.

Steipp made all that happen and if he could have done it sooner he would have.

[Watts Watt]

The new era of Li is here. A real business person who invested his own money. Money talks, Steipp BS is history.

Good summary.

Thanks

The PPS is money...What is it saying? Not sure. But what is sure is that the PPS speaks louder than words.