Replies to post #209072 on Liquidmetal Technologies Inc (LQMT)

[jaybiscuit]

Another pic:

https://d3nevzfk7ii3be.cloudfront.net/igi/PmBQgdWZub1uFncU.large

[jaybiscuit]

Video of the movement: https://ifixit-guide-objects.s3.amazonaws.com/igo/video/ifixit/cjIZHjJowPbCyUq4_MP4_592.mp4

[joshuaeyu]

With teardown everywhere,

someone should be able to match this to a product.

This is a decent size piece in volume production run in YiHao Factory

[Pollux]

Where do you see this debt securities financed?

Are we looking at the additional cash put into debt securities?

[PayMEmf]

Debt securities, hit in 4Q19 > yihao projected to go from 40 machines to 90 by the end 2019...

https://www.liquidmetal.com/yihao-metal-partnership/

[yamasushi]

" the working capital to make these parts was financed via debt securities that were significantly increased in the 3Q. Take a look for yourself and ask yourself why bromage, li, and the board of directors agreed to the sizeable increase in debt securities during the 3Q--there must have been a whale of a contract to support this change in liquidity/cash position."

-Lugee simply made a smart biz decision by using more of the "idol" 30mm cash on hand to buy interest bearing short/long bonds, to enhance the companies income. Nothing more, nothing less. If anything it tells me that he didn't need 30mm cash sitting in their account after dramatically slashing costs across the board and probably is expecting "significant" revenue to start pouring in 2021.
The "bonds" weren't used to finance anything, they are simply an investment, you buy 10mm worth of a corporate bond, you own the bond and collect the interest semi-annually( usually), you can then sell the bond in the market at any time before it matures or hold till maturity and get your "10mm" principle amount back.

[Eicheljager]

For context (italics from the 10Q)...

Debt securities are carried at fair value and consist primarily of investments in obligations of the United States Treasury, various U.S. and foreign corporations, and certificates of deposits.

Sometime in the 3rd quarter, LQMT moved $4 million out of US Treasuries and CDs and into "various U.S. and foreign corporations" (process of elimination).

They also added $12 million to long-term debt securities with the latest expiration date occurring in 2025. The full amount of these new investments is considered a "Level 2" instrument when determining fair value. In other words, they aren't publicly traded bonds that have an easily discernable price, but there is a way to accurately value the asset.

Level 2 —

Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities;