Replies to post #20723 on Liquidmetal Technologies Inc (LQMT)

[sojomy]

Hmm...so these are "new" prototypes above the last ones we heard about??

Yes, they are exactly like the last 3 prototypes that were shipped to potential customers last December and January. The only difference is that last time, he said the customers all paid for the prototypes, and this time, he said that 2 of them paid for the prototypes and 2 of them got them for free (LQMT paid for them).

And good cash position...but yet more dilution???

Good cash position means that we now have cash, but it was because more stock was issued and sold, aka dillution. So having cash is good for the company, but now your stock is worth even less which is bad for you.

[parker4]

Dilution is worrisome. But the other news is pretty good. What do you think will happen to the pps?

[ICCGUY]

There were four new prototypes shipped this quarter. Two paid for by the prospective customers, two paid for by LQMT. This brings the total number of prototypes shipped year to date to seven. Overall total shipped prototypes is now at 10.

It was not clear to me that their would be any more dilution beyond shares being paid to convertible debt holders. They are being paid with shares, not cash. It was stated that we are paying in shares to conserve cash for operations.

The statement of "good cash position" was relative to last year at this time. With virtually no revenue coming in and expenses being incurred as if we do have revenue coming in, I would not say that any level of cash could be considered all that good. The only way we have generated cash is through incurring more debt or through dilution. That is the weakest form of cash possible.

[longinus]

I believe it was four new prototypes shipped this quarter. Cash was said to be enough to fund operations through 2013 (over $8M). I wasn't too clear on the exact state of share issuance, but I got the impression that there are no pending efforts to raise capital and any further dilution this quarter will be a result of finishing up deals made earlier this year. Someone please correct me if that's wrong.

Personally I'd think Swatch in full production is good enough news to keep the stock from "tanking" tomorrow. I suppose we'll see.