I am somewhat pleased by your response. I believe you are very intelligent, searching and diligent.
My opinions and thoughts are my own. No one should ever want to endure the horror story which LQMT has been to me.
I grew up in the metallurgical industry. When I first invested in Liquidmetal in October of 2003, I had the same non-jaded outlook as you. Obviously, I am a bit jaundiced sense then.
The things I respect most: integrity, competency in performance and not speaking with a forked tongue, these are the very things I neglected most in my early days with LQMT. Instead, I focused on the technology, the exciting developments I witnessed on monthly visits to CAL TECH to speak with the original researchers of Liquidmetal and the high regard I had for their research and the promise they indicated for the future.
Please keep in mind that all of the military research contracts came to Liquidmetal because of Bill Johnson of Cal Tech and VP and Director of Technology at Liquidmetal Technologies, the predecessors of which, Bill Johnson founded.
The major lesson here: Invest in a company with management which excells, invest in the technology second.
Liquidmetal is the perfect example of where MANAGEMENT delayed the SUCCESSFUL and CONTINUAL commercialization of its once extremely promising technology by squandering money of both the original investors and the many to come after the IPO in May of 2002.
Liquidmetal is 6 years behind where it could have been in 2006 had it not overspent on every budget item and giving away the product for free (Rawlings, Head, baseball bats, skis, rackets)
The Company Management could not focus and, further, it scammed each and every customer it ever had by failure to deliver on time, economically and reliably.
These are the benchmarks for judging new management:
Speak candidly and comprehensively without cherry-picking coded phrases like "in the midst". A CEO has serious ethical issues when he can't speak forth outrightly and candidly the first time around and can't avoid using a cloak of obfuscation and statements of meaningless value to existing and potential shareholders.