That’s very nice. Is that from the Eon site? If it is, until there’s a revenue benefit to LQMT, an LQMT shareholder gets no benefit.
From the looks of it, by Lugee Li’s stake in LQMT, he’s utilizing the “Liquid Metal” name in China pretty liberally to benefit Eon, while LQMT can’t squeeze out more than 50K per Q in revenues.
Speaking of “Sales,” I met Hauck briefly twice and after meeting number one, I walked away unimpressed, but after giving him the benefit of the doubt, meeting two confirmed it.
Not sure why Lugee kept Hauck on as long as he did, gave him his “MIM” technology, while Hauck dumped a boatload of shares and skipped out on the Open House for a dog show. LQMT shareholders were dumped for dogs. That’s a firable offense, but for the fact, if I had wasted my time going again, I would have questioned him - publicly - repeatedly - about why he sold stock if all those “RFQ’s” and “MSR’s” were ready for prime time, so I think he was “coaxed” to find something else to do. I would have skewered him. I made it known to the “powers-that-be” as well. Hauck turned out to be quite the interesting guy.
Subsequently, Hauck got a “90 day” whatever it was to get himself a job at HP, which was “coincidentally,” the former employer of the prior CEO, who lauded Hauck. Unbelievable. Lugee Li should have figured out that maybe Hauck hadn’t sold anything because he sucked. Instead, precious more time was wasted and if you want a REAL eye-opener, talk to Materion about what happened and if Materion wasn’t accommodating and did ALL THEY COULD to help LQMT sell, but they muffed it time and time again. I won’t say who the “muffer” was, but suffice it to say, with multiple intros to customers, you certainly can’t say Hauck was not primarily culpable. Lugee failed on his Hauck due diligence. Jury is still out on Bromage and Van, of course. If Bromage chose the new salesperson, then the clock is ticking on him.
At this point, with the money there, I have no idea why they are not following the lead of many business tech models and giving the stuff away. Then, take the time to create efficiencies and economies of scale, get them reliant on it like a drug in their manufacturing stream, and then move forward, even if the margins are slim, initially. My “fear” is that Hauck walked into too many places and left a lingering stench behind.
Because of Hauck’s debacle, the new hire is critical and it can’t be from some no-name BS company where the person coming in was going to get canned, like Hauck very well have been facing, when they were taken over by a major like Freeport McMoran. You should have heard how testy Hauck got when I asked him why he left for a start-up like LQMT, in a major move to Cali, over staying with a Company bought out by someone like Freeport. I wasn’t antagonistic at all, but you would have thought I poured lemon juice on his paper cut. Oh, those were the days...all it took was, “I wanted a challenge, liked the people here, and saw a great opportunity!” Instead, he struggled for words and got testy. I was taken aback. Steipp was right next to him and jumped in as he saw Hauck was getting very defensive and knew I did not have ill intentions.
Well, hey, at least the Executive VP of Sales won’t be dumping more stock now...I hope.
P.S. Everone saw the “revenue disclosures.” It’s one thing to project 80 mill, another to barely squeak out 50K. Funny, but Steipp was also projecting 20-30 mill and even his actual revenues were higher.
A LQMT shareholder doesn’t give a rat’s ass what Lugee Li has to say, they only care that the CEO gets the price up (without it being temporary from some penny stock manipulator, like Bond) and that he creates tangible revenues per Q that have now fallen below what many Longs have invested in this Company.
Bullshit are projections and bullshit walks. He can let the money in the financials do the talking.
Godspeed to all Longs. After all this BS suffering and projections, all they ask for is the truth, to make money and get the stock price up. Doesn’t seem like a lot to ask for.
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