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Saturday, December 3, 2022

Liquidmetal Technologies Inc (OTCBB:LQMT) Heats Up

Liquidmetal Technologies Inc (OTCBB:LQMT) is moving up steadily on accelerating volume since reversing off $0.06 lows. The move up is marked by steady accumulation and excellent support.

LQMT has a history of highly explosive legendary runs that investors still talk about in hushed tones. Back in early 2010 the stock ran from a dime to $1.75 per share when they announced the license transaction with Apple Inc (NASDAQ: AAPL) LQMT exploded earlier this year as well running from $0.15 to highs over $0.60 in a 3 day run marked by massive volume.

Liquidmetal Technologies Inc (OTCBB:LQMT) used to be a $20 big board stock with a billion dollar market valuation. Unfortunately the product was not yet ready for market and after a string of bad management decisions the stock ended up on the bb’s. LQMT started as a Caltech research project in the early 90’s that was eventually IPO’d on the NASDAQ in 2002.

Liquidmetal alloys contain atoms of significantly different sizes that form a dense mix. It behaves more like glass in the sense that its viscosity drops gradually with increased temperature and retains its form and amorphous properties even after being heat-formed.

Liquidmetal alloys combine a number of desirable material features, including high tensile strength, excellent corrosion resistance, very high coefficient of restitution and excellent anti-wearing characteristics. These unique properties means liquidmetal can be injection-molded into extraordinary precise shapes similar to a plastic, while overcoming the crystalline weakness and necessary machining inherent in other metals.

Liquidmetal has significant potential in a number of industries including aerospace, military, auto, watches, and cutlery to name a few. LQMT controls the intellectual property rights with more than 63 U.S. patents.

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In 2010 LQMT entered into a license transaction with Apple Inc. pursuant to which, for a one-time licensing fee of $20 million, they granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize all of the company’s intellectual property in the field of consumer electronic products.

The Apple transaction obviously marked a huge milestone for LQMT which used the proceeds to pay off some of their outstanding debt. It was this news that was the catalyst for the run to $1.75.

According to online posters LQMT feet were put to the fire on the Apple deal. They had NOTHING to offer Apple at that point. They could have signed a deal with Schmucko enterprises for 20 mill. Would that have been a better deal? And if “watts” had a clue on due diligence, he would have investigated the facts of that deal instead of thinking Apple finally meant nirvana. Interestingly enough, that deal was initiated and also signed off on by the old management who committed fraud and who “watts” thought was more credible.

Management “failed to anticipate the number of years?” Is that a joke? It’s a disruptive tech. The old method was a MISERABLE FAILURE. The company burned through a hundred mill – minimum – of initial shareholder money on the IPO and much of it on their own self-interests to the extend they could not keep an auditor in place! They have actually accomplished more – and validated and cultured alliances – with companies that they had merely – at most – initiated prior. Does “watts” really think Materion and Engel would have continued their relationship with old management? “Watts” needs to give it a break.

As for “losing” old scientists – they have cultivated MORE through CIP, which is a joint venture IP entity owned 100% by Liquidmetal. But I’m sure “watts” thinks the Apple scientists like Steve Zadesky are a joke. Yeah, tell that to Tim Cook as Cook made Zadesky (a former Ford engineer and the principal engineer on the iphone project from inception) in charge of Apple’s auto initiative.”

LQMT UNKNOWN said ’’Paul, your “source” is off-base and has as much knowledge of what is going on in this company as someone who extols all of the benefits and none of the negatives. Your source cheered the benefits of that Visser Precision deal before ripping it, and management, when it crashed. As anyone knows, a disruptive tech is a very hard sell, but previous management were about as untrustworthy as you can get, but many (not all) only saw dollar signs instead of investigating their negative history and greed prevailed. And add on top of all that, attacks on a management team exercising heavy control of ownership and all an “investor” is doing is crushing their own investment. There is so much off-base with that source, it’s sad.

According to the 10Q LQMT filed on November 9 they maintain an enviable looking balance sheet for the bb’s showing a really strong cash position of $4.3 million in the treasury and minimal short term debt except for the $679,000 long term warrant liabilities and $856,000 in other long-term liabilities. LQMT reported $42,000 in revenues for the quarter ended September 30 compared to $97,000 for the same period last year.

On January 6 LQMT announced it has received its formal ISO 9001:2008 certification, adding an important quality accreditation to the Company. “Our business has a strong commitment to ongoing quality and customer satisfaction. Receiving our ISO certification exemplifies that,” said Paul Hauck, Vice President of World-Wide Sales and Marketing. “Our ISO certification will help build customer confidence in our attention to quality.”

CEO Tom Steipp said“The Liquidmetal organization did an admirable job implementing the ISO 9001 standard and passing its certification audit in an impressive 9 months. Achieving this result was no small undertaking. Every individual in the company played a critical role and it’s a testament to the organization’s focus on quality.”

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Currently trading at a $35 million market valuation LQMT does have $6.2 million in the treasury and little debt. The Company is the world’s leading developer of amorphous alloys and commands a strong interest from Investors who site the fact that Apple is still very much vested in the Company and evidence suggests they will be using the technology in the near future; if this happens, LQMT could see worldwide exposure and send the stock into another stratosphere. We will be updating on LQMT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LQMT.

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Disclosure: we hold no position in LQMT either long or short and we have not been compensated for this article.

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