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Pollux

10/15/19 8:53 AM

#181711 RE: The Paraclete #181710

I have said I want out. I can’t get out right now. There is no liquidity.

I don’t trust the whole thing unfortunately. I haven’t see anything to tell me otherwise.

I came to this board for a bit of clarity which I thought I would get but realized that there is no semblance of reality in many ways, just hope in big ideas. And solid material research - less on business acumen and simply business interests. Along with political reasoning

I invested mainly for LQMT to become a USA mfg renaissance with a partnership for CE with a large USA metal firm...

That didn’t happen. I’m trying to find reasons why LQMT is relevant in the market place anymore.. When LI bought it had the semblance of a new frontier in USA/China mfg relationships. But over the last year the evidence has mounted against that in CE specifically.
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Eagle1947

10/15/19 9:24 AM

#181715 RE: The Paraclete #181710

You are correct with all that ... only problem with life and money is that things change, and not always for the good.

Remember that old bike that you were always going to fix but just never got around to doing it ?
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PatentGuy1

10/15/19 1:55 PM

#181741 RE: The Paraclete #181710

If Li purchased LQMT just to “steal” the patents and then abandon LQMT, we (stockholders) are all screwed.

If that happened, then you are right - we are screwed. I have no way of knowing Li's intentions when he made his investment, but my mind is open to the possibility that his intentions changed with the times.

My own strong opinion is that Li is working to make LQMT a highly profitable company, because that is in his own best self-interest. He stands to make a huge fortune by building up LQMT. People always act in their own self-interest: even saints. — I could be wrong about Lugee. Time will tell. But if I thought Li was raping LQMT, I would have sold my shares long ago.

The problem here is that we don't know what Li regards as being in his own best interest. Many people have made great personal sacrifices for nationalistic reasons. We don't know if Li is that type of person or not. My point is that Li's motivations could be something different that greed.

Besides, don't forget that Li is operating in China. It might be in Li's best interest to keep the Chinese government happy. Even a CEO such as Li isn't immune from being abducted by the Chinese government. (https://www.independent.co.uk/news/business/news/china-billionaires-ceo-disappearing-missing-station-sanctioned-abductions-beijing-security-agencies-a7564896.html) CEOs tend to toe the government's line. (https://www.newsweek.com/cathay-ceo-refused-name-hong-kong-protesters-chinese-government-named-himself-instead-resigned-1455371)

You said that it "is in his own best self-interest [because] He stands to make a huge fortune by building up LQMT," but how much would LQMT be worth if the Chinese government confiscated Li's shares of Yihao and Eontec?

The only argument I have is with those who remain stockholders while believing that Li is ignoring LQMT, has abandoned LQMT, planned from the start to rape the company, etc.. It makes no sense to invest money in a company run by a CEO/Chairman who you believe is working to ruin the company you’ve invested in.


As I said earlier, I have no idea what Li was initially intending, but circumstance change. I remain invested in LQMT because (a) I believe that amorphous metal in the 2020's is like plastic in the 1950's, (b) I don't believe that Li is "working to ruin the company" but I'm not certain that he is trying to make it a success either, and (c) my investment is down about 1/3 right now. On the one hand, if I lose it all, that won't make a tremendous difference to my quality of life. On the other hand, it LQMT hits, then that would make a tremendous difference in my quality of life.