Liquidmetal Technologies Inc (LQMT)

[Barney Vissur]

They were of Visser's choosing with LQMT approval, per the contract. Think they're going to work for both? There are plenty of good ones out there and I'll take Hauck's contacts regarding mold mftrs over Visser's people.

Visser was on his way to trying to take down LQMT and put it all under his control. Look at the history from initiating with the "loan" to the termination of the Agreement. He would have bankrupted the company, received all the IP in the event of default (as per the contract), and left all shareholders at the curb, but he was too greedy - getting the exclusive mftr, while being a major shareholder was his dumbest move. That move was the one that caused him to shoot himself in the foot and put him behind the 8 ball, choosing giving up exclusivity, or being a major shareholder, or both. If he had truly wise counsel, his attorney would have advised him to push for Board seats, not exclusive manufacturing rights. Gaining management control over being a manufacturer would have been much more valuable, although common shareholders would have still been screwed. He was more concerned with money and screwing LQMT to get everything than gaining power. So the end results are LQMT was delayed further and they had to find their own mold manufacturers, along with many other events heretofore unknown. The flip side is that Visser would have bankrupted the company and taken all the IP leaving common shareholders holding worthless shares.

An argument can clearly be made that the Agreement with Visser should have never been entered into, but they were out of capital and it was probably a wolf that appeared friendly in sheep's clothing ready to "help" proposing a win-win.