I like your strategy DMN. Buy more when the weak hands sell.
We are all frustrated, largely because we, ourselves, over-hype this stock in terms of how long it will take lqmt to successfully commercialize the alloys. And then, when our self-proclaimed timelines prove to be wrong, we ignore the progress made since Lugee took over the company and we start to moan and complain about management.
Compare the company today with where the company was two years ago. Two years ago they rented a 15,000 sq. ft. building; lived day to day on very expensive VC financing via stock dilution; had just two Engel machines, and no one in management with first hand knowledge about amorphous metal alloys, and no experience growing a business in this sector of the market from the ground up. Today LQMT owns a 40,000 sq. ft. building; they have 4 machines capable of injection molding amorphous metal alloys, 2 MIM machines and other equipment (all paid for); $39 million in the bank (with an annual burn rate of around $10 million a year); a CEO/Chairman who built Eontec from the ground up and who also owns a network of affiliated companies in the amorphous metal business - a CEO who takes no salary (a dollar a year, technically), who has put an end to the annual cycle of awarding bonuses to execs (unless they perform), and who has put his own money where his mouth is.
Complaining can be a healthy cathartic. I understand that. I do it myself. A lot. But it’s times like this that investors need to be cognizant of the big picture. Enough said.
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