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Saturday, November 26, 2022

The Fast Appreciation on Liquidmetal Technologies Inc (OTCBB:LQMT)

Liquidmetal Technologies Inc (OTCBB:LQMT) continues to rise further north in recent mponths since trading for just over $0.05 a share in January of this year. The move up has been driven by the rumored integration of its lead technology in some big name tech devices, including the iPhone and Apple Macbook’s.

LQMT is a volume leader with legions of shareholders and is one of the most talked about stocks on the exchange. Back in early 2010 LQMT ran from a dime to $1.75 per share when they announced the license transaction with Apple.

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 LQMT ended up on the bb’s. The shell 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.

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.

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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.

On May 9 LQMT announced 1st Quarter 2017 results. In Q1 2017, the Company generated $48 thousand in revenue as it continued to focus on the development and manufacturing of prototype and commercial parts for its customers, and partnering with licensees on the development of the Company’s technology and production processes.

Selling, marketing, general and administrative expense was $1.7 million in Q1 2017, compared to $2.0 million in Q1 2016. The decrease was primarily due to decreases in employee incentive compensation.

Managemente said “The preparations for the opening of our new 41,000 sq/ft corporate office and manufacturing facility in Lake Forest, CA are running smoothly. We have many initiatives on our plate for 2017, and we look forward to sharing our plans with our investors, customers and partners on our upcoming open house to be announced soon,” said Professor Li, Chairman and CEO at LQMT.

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Currently trading at a $242 million market valuation LQMT does have $47 million in the treasury and manageable debt. The Company is the world’s leading developer of amorphous alloys and commands a strong interest from Investors who cite the fact that Apple is still very much vested in the Company and this is obvious considering a recently granted Apple patent points to a new use for Liquidmetal — a simplified home button design that would cut down on complexity and last longer than conventional components. A number of new uses for Liquidmetal look to be on the horizon and things are looking up here. Any word from Apple and LQMT could see worldwide exposure to the benefit of long suffering shareholders. Shareholders are waiting for Professor Li to complete the $63.4 million transaction by Q4 2016 opening up the door for LQMT to apply for a NASDAQ listing. 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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