Liquidmetal Technologies Inc (LQMT)

[Dell_Griffith]

why wouldn't he go work in the BMG business with other companies in the field, rather than jump into NES, an investment hedge fund?

Because NES is not an "investment hedge fund." It's one of the largest property escrow and 1031 exchange institutions in the world. They acquired JP Morgan's 1031 exchange subsidiary a few years back. NES is a cash cow. Last public info is that they did 85 BILLION of transactions back in 2014. Considering how those companies invest, would figure about 4-5% of those transactions went to NES as fees and portfolio income. Steipp is probably making a minimum of 3-4 mill per year, he can sit back and do mostly nothing as their platform does all the work, and from filings, they may be angling to go public. Nice work, if you can get it, "in retirement." I'm sure he was angling for this job, as a board member, for quite a while. Yes, anyone would be lying if they said they weren't jealous or envious how he positioned himself.

That's why he didn't "go to work in the BMG business" and is he comparable to Lugee in terms of BMG knowledge and business experience? Hell, no. He was pushed out, but he was smart to get out when he did. Steipp is irrelevant to LQMT going forward, but he certainly maneuvered himself well, always has. Diluted a lot of shares and spent a TON of money, but they were always on the balls of their ass. Never put blind faith in a public company exec as they always hide behind "SEC confidentiality."

As for the current CFO, he has already shown that he knows how to take quick short term profits, rather than long term profits. He is probably not going to be around much longer. After all, he is a Korean with strong ties to John Kang, who liked him so much that he was hired once, quit and went back to work for Kang twice.
What advantage is a Korean speaking CFO to a Cantonese-Mandarin speaking Lugee who has great financial people under his employ?

Chung was given a power of attorney. He has a blank check and full authorization to sign off on Lugee's behalf. It's public info that his name and signature are on the contract for the 8 million dollar building, but "he won't be around much longer"? Where are all the "great financial people" under Lugee's employ? What are their names? Haven't seen that public anywhere. Would be helpful to see them named.