Thursday, April 28, 2016 5:01:28 PM
http://www.nbcnews.com/business/business-news/radisson-hotel-chain-latest-u-s-giant-be-snapped-chinese-n564011
The Chinese businessmen normally make a profit and they are seeing that China is not the place to invest their money due to the political and economic instability there.
Where it is possible that Lugee is just parking some of his money here, I think he intends to create new wealth from this investment.
The real question is whether or not he will treat us shareholders of LQMT as he has treated his handful of shareholders of Eontec, which mainly include his two sons and other family members. Sure, Eontec trades on the HK and China stock markets, but I don't think it has reems of outside shareholders.
Prove me wrong and I shall be comforted a little more.
Like the Radisson deal, Lugee's deal with LQMT is similar:
Capital strength is, indeed, a necessity to moving this technology forward. That being said, it is time for Kang's flaxen haired boy to exit the stage, as his tenure has been a tale told by an idiot in the full midst of sound and fury, signifying nothing.
All is my humble opinion.
There's no statute of limitations on Management's stupidity and incompetence.
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