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Both Bryce & Bruce had employment agreements expiring in November. My guess is they were informed that they wouldn't be extended and left before it expired. Good news is there is an immediate cost savings of over $536K in salary however you have to consider there are only two actual employees left? Issac & Tony? Seems like we have officially become a shell company.
From the most recent annual report;
On November 15, 2018, the Company entered into an Employment Agreement with Bruce Bromage, the Company’s Chief Operating Officer (the “Bromage Employment Agreement”). The Bromage Employment Agreement has a term of three years and will continue thereafter on an “at-will” basis until terminated by either the Company or Mr. Bromage upon 30 days’ prior written notice. The Bromage Employment Agreement provides for an annual base salary of $291,000 plus bonuses at the discretion of the Company’s board of directors. The agreement provides that the Company can terminate Mr. Bromage’s employment at any time and for any reason, provided that if his employment is terminated without “Cause” (as specifically defined in the agreement), then he will continue to be entitled to his base salary and health and welfare benefits for a period of twelve months after termination, and his unvested equity awards (to the extent they would have vested during the twelve- month period after termination)will immediately vest and become exercisable until the earlier of two years after vesting or the scheduled expiration date of the award. In the event that Mr. Bromage terminates his own employment within two years after a change in control of the Company for various “Good Reason Events” (as specifically defined in the agreement), including a material change in compensation or duties, the Company will also be obligated to pay him the same severance compensation that would be applicable to a termination without “Cause”. The Bromage Employment Agreement provides that Mr. Bromage will not be entitled to any severance compensation if he voluntarily leaves the employment of the Company or is terminated for “Cause”, and severance payments will cease if he violates certain restrictive covenants in the agreement.
On November 15, 2018, the Company entered into an Employment Agreement with Bryce Van, the Company’s Vice President of Finance (the “Van Employment Agreement”). The Van Employment Agreement has a term of three years, subject to automatic extension on a month-to-month after the expiration of the initial three-year term. The Van Employment Agreement provides for an annual base salary of $245,000 plus bonuses at the discretion of the Company’s Board of Directors. The agreement provides that the Company can terminate Mr. Van’s employment at any time and for any reason, provided that if his employment is terminated without “Cause” (as specifically defined in the agreement), then he will continue to be entitled to his base salary and health and welfare benefits for a period of twelve months after termination, and his unvested equity awards (to the extent they would have vested during the twelve-month period after termination) will immediately vest and become exercisable until the earlier of two years after vesting or the scheduled expiration date of the award. In the event that Mr. Van terminates his own employment within two years after a change in control of the Company for various “Good Reason Events” (as specifically defined in the agreement), including a material change in compensation or duties, the Company will also be obligated to pay him the same severance compensation that would be applicable to a termination without “Cause”. The Van Employment Agreement provides that Mr. Van will not be entitled to any severance compensation if he voluntarily leaves the employment of the Company or is terminated for “Cause”, and severance payments will cease if he violates certain restrictive covenants in the agreement.
Eontec's Annual 2020 and Q1 2021 earnings are out. Not a whole lot to be excited about, sounds like they are having a difficult time promoting Liquid Metal as well.
For Q1 2021 the net profit attributable to shareholders of listed companies was 1,153,600 yuan, a decrease of 92.62% compared with the same period of the previous year.
Future prospects
(1) Liquid metal
The company will continue to promote liquid metal in various ways such as various trade fairs and filming documentaries, so as to let more customers understand the advanced properties and application fields of liquid metal, and increase customers' acceptance of liquid metal. Continue to increase R&D investment, strengthen joint research on liquid metal production, education and research, accelerate the transformation of scientific research results, expand new areas of amorphous alloy applications, continue to introduce new products that meet customer needs, and create industry-leading liquid metal industrialization technology and application highlands. Enhance the company's competitiveness.
(2) New energy vehicles
The development prospects of the new energy automobile industry are good, but the industry is still in the growth stage, and the company needs to continuously improve product competitiveness and brand influence. Overall integration is the future development trend of the new energy automobile industry. The company will rely on the accumulation of more than 20 years of experience in the precision die casting industry and the precipitation of technology, combined with market development and the actual needs of customers' products, to integrate the new energy automobile parts business. The company insists on quality and service as the integrated wings of new energy auto parts products, deeply promotes structural adjustment, optimizes business layout, realizes wider application of new materials in new energy auto parts, and further maintains the company in the field of new energy auto parts Dominance.
(3) Biodegradable medical magnesium alloy
As a leader in the research and industrial transformation of degradable magnesium metal in China, the company will gather various forces to give play to the absolute advantages of the members of the Medical Magnesium Alloy Industry Technology Innovation Alliance in this research field. Through the implantation of degradable magnesium and magnesium alloys in orthopedics The development and clinical application of implanted device products such as medical materials, technical research, develop new biodegradable magnesium and magnesium alloy medical device products with independent intellectual property rights, and strive to create a well-known industry-renowned medical magnesium alloy material and its device research and development, design, Technology R&D center and industrial transformation platform for production, biomedical evaluation and clinical application, to create a complete upstream-downstream linkage, complete research, production, supply, and marketing industry chain, promote the application and promotion of medical magnesium alloy technology, consolidate the industry’s position, and drive the industry The technology industry is booming.
Check out the video @ 28:37. Zirconium-based "Liquid Metal" 30% harder than titanium for the new flagship Huawei Mate XS.
https://www.t3.com/us/news/watch-huaweis-mwc-launch-event-livestream-video-right-here-right-now
Per Eontec's Preliminary Interim Report filed this AM. Roughly $6M in revenue from liquid metal products for the 2nd quarter.
(2) Liquid metal
Liquid metal has the characteristics of molding ability after melting, high hardness, corrosion resistance, high wear resistance, etc. Its bending strength, tensile strength and elastic deformation are superior to common materials, and it can realize high-complexity metal parts in one step. It meets the external folding scheme of mobile phone flexible screen and is called the new functional material of the cross-century. Based on the above-mentioned superior performance, liquid metal has great market demand in the fields of new energy vehicles, consumer electronics, medical equipment, military, space engineering materials, sports and leisure products, etc., and the industrialization prospect is very broad.
With the advent of the 5G era, the application conditions of liquid metal with excellent performance and cost advantages on consumer electronic structural components have matured, the demand for liquid metal has greatly increased, and liquid metal will become the terminal device in the appearance material and internal structural parts. The mainstream.
During the reporting period, the company continued to increase the technical research of liquid metal products and actively cooperated with well-known mobile phone customers in the design and supply of liquid metal hinges. The company's liquid metal ice skates have been produced for real samples and have been sampled for customer testing. On the basis of the expansion of the liquid metal product market last year, the company continued to accelerate the market layout. The order volume of the company's amorphous alloy products continued to grow. Currently, the mass production of amorphous alloy products includes mobile phone structural parts, Tesla automobile locks, and intelligent manufacturing. Wait. During the reporting period, the company's liquid metal product sales revenue was RMB 41,480,500, an increase of 94.15% compared with the same period of the previous year. As of the end of the reporting period, the company has established good cooperative relations with well-known domestic and foreign customers such as Tesla, Geli, Xiaomi, Huawei, OPPO, Lansi Technology and ABB.
An impairment charge is an expense that must be included in the income statement to reflect the devaluation of some asset on the balance sheet. In this situation, the book value of an asset exceeds the recoverable amount if one were to sell it since you really only would perform an impairment charge on an asset if you were going to sell it. If you look at the balance sheet the only category which would be able to meet the stated $$ amount would be some sort of fixed asset (property, plant or equipment). That being said $1.8 million is a lot of money to write off from your assets...
It is typically not a good sign for a company to miss out on regulatory requirements. As an accelerated filer with $75-$700M market cap the deadline is 40 days to submit either the 10-Q or NT-10Q (non-timely). Today is day 43. If day 40 falls on a weekend the company can file on Monday, but in our case day 40 occurred last Friday. The penalties for non-compliance are quite severe especially seeing how a NT filing doesn't take too long...
$1m is solely for Liquid Metal revenue.
Yes. Its from S&P's NetAdvantage which you need to subscribe but PM your email and I will be more than happy to email you the PDF.
Hope this helps.
(1) New energy auto parts The company has long been committed to research and development of new energy vehicles, lightweight new materials, technology, capacity, and on-site of lightweight new materials in new energy vehicles.
With outstanding management capabilities, it has leading research and development strength in the fields of mold R&D design, new material technology, surface treatment, etc. It has strong lean production capacity and complete industrial chain advantage. In the automotive lightweighting, the application of rare earth magnesium alloy, ultra-thin magnesium alloy and amorphous material, precision die-casting technology, and precise CNC machining technology ensure the stability and precision of automotive products, and can meet the functions of different customers. And the demand for price, to achieve the common development of customers and the company. In the field of new energy vehicles, there are high barriers in qualification certification management. On the basis of continuous improvement in production management and technical level, the company further strengthens the promotion and sales of new lightweight materials for new energy vehicles. The company has entered as a supplier. Tesla, Harman, Desai Auto, Alpine (Alpine), AW EUROPE, BYD, Geely, Weirui, LG and other well-known customer supply chains at home and abroad.
(2) Liquid metal
With more than 20 years of experience in new material development, mold, mechanical preparation, molding and production, the company is one of the few suppliers in the industry to implement amorphous alloy (liquid metal) precision structural parts in the consumer electronics field. New material production technology, mature production technology and complete industrial chain not only mature in the molding of small products, but also have the production capacity of large molded products. As the company that develops liquid metal earlier in the industry, it has the world's largest production line of zirconium-based amorphous alloys, which consists of refining of materials, mold manufacturing, precision machining, surface treatment and production of amorphous alloy equipment. The company has achieved industry leading advantages in the application research and industrial conversion of bulk amorphous alloys. It has core core technologies with independent intellectual property rights in alloy composition and molding technology equipment, especially the company is in large-scale molding. The key technologies and process difficulties such as surface treatment have core advantages, and successfully develop and produce large-block amorphous products. The company is also the only company in the world that applies liquid metal to the automotive industry. In addition to its applications in new energy vehicles and consumer electronics, the company's liquid metal materials are also used in robotics and intelligent manufacturing.
(3) Medical magnesium alloy
The company's biodegradable medical magnesium alloy project is one of the important directions for the company's development. Its research and development team “Biodegradable Magnesium Alloy and Related Innovative R&D Team of Implanted Devices” is the second batch of innovative research teams introduced by Guangdong Province. The company takes “the second batch of innovative scientific research team in Guangdong Province”, “Guangdong Provincial Academician Expert Workstation”, “Medical Magnesium Alloy Industry Technology Innovation Strategic Alliance” and “Degradable Magnesium Implants Clinical Transformation Innovation Strategic Alliance” as the development platform. Promote the work of degradable magnesium implants before clinical conversion in the field of medical devices. The company is a company with core competitiveness in the field of biomedical materials. It is the chairman unit of the medical magnesium alloy industry technology innovation alliance. It is a pioneer in the development of industry standards, clinical and industrialization, and research in biodegradable medical magnesium alloys. With strong industrialization capability, it has strong scientific research cluster advantages and strong industry influence.
3. Strong technical strength
R&D and innovation are the driving force behind the company's development. Since its establishment, the company has been accelerating the pace of technological innovation and vigorously developing new technologies and new products. The company has a specialized department of technology research and development and independent innovation. Through a combination of external introduction and internal training, it has established a high-level professional technology research and development team to engage in the research and development of the company's independent products and technologies. The company established "Guangdong Province Light Alloy Engineering Technology Research
Dongguan Yi'an Technology Co., Ltd. 2018 Annual Report
Preparation method and application
2
Biodegradable pure magnesium bone nail
EP3081181 B1
2016.05.9
EU
16
Development Center, "Provincial Enterprise Technology Center", "Guangdong Provincial Academician Expert Workstation", "Guangdong Provincial Key Laboratory", "National Postdoctoral Research Station", "International Science and Technology Cooperation Base" and other scientific research institutions. R & D and innovation rely on its own technical strength, the company has also established a "production, study and research" cooperation relationship with many well-known research institutes such as the Institute of Metal Research of the Chinese Academy of Sciences, dedicated to liquid metal materials, automotive lightweight engineering, magnesium alloy medical materials and equipment. Research and development to further enhance the company's competitive edge in the field of new materials.
(2) Production aspects
1. The company has more than 100 advanced magnesium-aluminum alloy die-casting machines and a full range of high-end testing instruments. After the absorption of advanced technology and years of experience, the company has complete vertical integration of production capacity and technical reserves of mold design and development, die-casting, finishing, surface treatment, spraying, testing, packaging, etc. And related technical fields have solved many common key technologies in the industry, and can provide one-stop service for customers, which not only can guarantee product quality, but also can greatly reduce the cumbersomeness of customers processing through multiple suppliers, and promote the development of the industry. Important role.
2. The company has long been focusing on the R&D, design, production and sales of light-alloy precision die-casting parts such as magnesium-aluminum alloy. The precision die-casting technology is leading domestically, with rich experience in production management, and has strong lean production capacity and supply chain management capabilities. The company has more than 100 aluminum-magnesium alloy die-casting machines, including the country's largest 4200T aluminum-magnesium alloy die-casting machine. There are several 650T imported Toshiba die-casting machines for notebook casings, all with robotic automatic pick-up devices, which are not only efficient but also stable. The casting yield rate is high; more than 300 CNC processing machines are imported from Japan, of which more than 100 are dedicated for notebook casings; there are high-grade automatic injection workshops and assembly workshops for dust-free PCs.
The company is committed to the R&D and production of thin-walled aluminum-magnesium alloys. It has a large-scale production of 27-inch large magnesium alloy parts with a wall thickness of 1.2mm and a 14-inch notebook computer with a wall thickness of 0.45mm. In addition, the company has the dynamic analysis capabilities of die-casting molds, thin-walled parts thermal shaping processes and surface high-gloss coating processes, and large-scale die-casting in-mold injection molding and other industry-leading processes.
3. The company has the most advanced quality assurance equipment in the industry and a large supporting service for testing centers. It has complete testing capabilities for precision die-casting products and can provide accurate and multi-functional testing services and testing services for customers' products. The company ensures product quality through a process-wide quality control system throughout product development and design, supply chain production management and after-sales service. The company has passed ISO9001:2015, IATF16949: 2016, ISO14001:2015 and other quality and environmental management system certification. The company's products have formed a good brand in the fields of new energy vehicles, consumer electronics, liquid metal and other industries, and have established a good corporate image.
(3) Marketing aspects
The company pays attention to the creation of the marketing team. Now it has an excellent and stable marketing team. With the development of the company's business, it constantly absorbs outstanding talents to expand the marketing team. After more than 20 years of development, the company has established stable cooperative relations with many well-known domestic and foreign customers, which provides a favorable guarantee for the company's long-term development. The company continues to enhance the quality of its marketing team and introduces advanced marketing systems that are in line with market competition to enhance the company's overall marketing capabilities. The company's rapid market response capability creates superior conditions for the company to obtain more quality orders. China is a production base in a variety of industries around the world, especially in auto parts, consumer electronics, communications, audio, sporting goods, medical equipment, etc., and continues to provide quality products to customers in the automotive, consumer, and liquid metal industries. The trust and support of well-known brand customers at home and abroad. The company is an advocate and pioneer of the concept of “green die casting” and has a relatively large influence in the industry.
(4) Management team and talents
The company has a core professional management team with strong professionalism and stability. It has strong cohesiveness and capital operation ability. It can quickly grasp the development trend of new materials industry and market demand, and formulate corresponding business plans to adapt to changes in the industry environment and policies, and enhance the company's overall operational capabilities. Steady company
Dongguan Yi'an Technology Co., Ltd. 2018 Annual Report
17
Competitive position within the industry. The company always regards the development and optimization of human resources as an important part of the company's development strategy.
Various channels, such as internal training and external introduction, continue to expand and enhance the professional quality and capabilities of employees, and continuously optimize the knowledge structure and age structure of the company's talent team. Continuously improve the assessment management mechanism and design incentive mechanisms that are attractive and creative for all types of talents, such as implementing stock option incentive plans to promote the common development of employees and the company.
As of the end of the reporting period, the company's core competitiveness and core technical team or key technical personnel (non-directors, supervisors, senior management) did not
Major changes have occurred, and there has not been a core of the company due to upgrading equipment or technology, resignation of core technicians, loss of franchise rights, etc.
A situation in which competitiveness is seriously affected.
Dongguan Yi'an Technology Co., Ltd. 2018 Annual Report
18
I. Overview
In 2018, the company broke through innovation and strived for a new development pattern of the company. In this year, the company not only successfully completed the non-public issuance, but also the Zhuzhou SDIC introduced the agreement to transfer the shares into the company with the largest share of voting rights. The controlling shareholder, the State-owned Assets Supervision and Administration Commission of Zhuzhou Municipal People's Government has become the actual controller of the company, which will provide a more platform for the company to continue and operate efficiently and become bigger and stronger.
In 2018, the company's management team built a scientific and advanced management system and platform in accordance with the main business plans formulated, and continued to deepen the main business and move forward. Facing the good development opportunities of new energy vehicles, liquid metal, 5G, robotics and intelligent manufacturing industries, the company adheres to the strategic thinking based on innovation, market demand, technology as the core and quality as the foundation. The company's layout in the new materials industry enhances the company's comprehensive competitiveness in the field of new materials. Benefiting from the expansion of industry market demand and the company's effective measures, the company's operating performance has grown steadily. In 2018, the company achieved operating income of RMB 985,038,800, an increase of 21.59% compared with the same period of the previous year; net profit attributable to shareholders of listed companies. It was 5,420,290 yuan, an increase of 65.45% compared with the same period of the previous year.
The main situation is as follows:
(1) New energy vehicles
With the strengthening of people's awareness of ecological environmental protection, vigorous implementation of energy conservation and emission reduction, adjustment of energy structure, and development of new energy have become the only way for the country to achieve sustainable development. China is the world's largest automobile production and sales volume. The consumption of energy and environmental pollution by traditional fuel vehicles has enabled China to explore the development of new energy vehicles and raise the development of new energy vehicles to national strategies. In order to promote the development of the new energy automobile industry, the state has introduced various preferential policies including the “double points” policy. Supported by national and local government supporting policies and market recognition, new energy vehicles continue to maintain rapid growth. According to the China Association of Automobile Manufacturers, in 2018, the production and sales of new energy vehicles were 1.27 million and 1.256 million, respectively, compared with the same period of the previous year. They increased by 59.9% and 61.7% respectively.
During the reporting period, the company continued to dig deep into the new energy auto parts business, focusing on the planning and implementation of the previous market development, technology research and development, equipment and personnel planning, production capacity matching, inspection and testing, ensuring the motor, electric control, battery pack, The timely development and mass production of new energy auto parts and components such as liquid metal lock cover, steering gear and navigation have won unanimous praise from domestic and foreign new energy vehicle manufacturers and parts system customers. With the core projects of a number of well-known customers such as Tesla, BYD and Geely, the company's new energy auto parts related business grew steadily. During the reporting period, the company's auto parts business income was 318,831,800 yuan. Compared with the same period of the year, it increased by 6.20%.
During the reporting period, the company continued to adapt to the market needs and customer needs, expand the technical development and production capacity of new energy auto parts, and continue to expand the well-known customers at home and abroad in the field of new energy vehicles. In August 2018, the company signed a Strategic Agreement Agreement with China Auto Parts Industry Co., Ltd. to conduct comprehensive strategic cooperation on the promotion of automotive tri-electric products, the development of automotive structural parts and the application of liquid metal technology. With the promotion of the application of lightweight aluminum alloy materials, the company has won the trust of more customers in the new energy vehicle lightweight market and occupied a more important market position. As of the end of the reporting period, the company has established cooperative relationships with international and domestic customers such as Tesla, BYD, Geely, TKP, HBA, TRW, GKN, Guoxuan, Jianghuai and LG.
Dongguan Yi'an Technology Co., Ltd. 2018 Annual Report
Section IV Discussion and Analysis of Business Situation
19
(2) Consumer Electronics
Based on the deep integration of consumer electronics products and daily life represented by notebook computers, and the increasingly diversified application scenarios, the product positioning is also shifting from high-tech products to daily consumer products, with great emphasis on portability, and is committed to light and thin. , short, small direction development. Therefore, it is an inevitable choice to use a lighter weight material in the processing and production of the inner casing of the product. New materials such as magnesium-aluminum alloy and liquid metal have excellent properties such as high strength, shock resistance and corrosion resistance, which can make the product durable and have a better hand feeling. It is the first choice for high-end and professional consumer electronics products. material.
During the reporting period, the company gradually reduced the output of traditional consumer electronics parts and components, and focused on the high-end magnesium-aluminum alloy parts business of notebook computer products, breaking through the technical difficulties of ultra-thin aluminum-magnesium alloys and perfecting the whole process of notebook manufacturing. The development and development of the process chain including the surface treatment of notebook appearance, precision in-mold injection molding of magnesium alloy casing, etc., successfully developed a variety of customer star models and high-end models and put into mass production. In addition, the company's application of liquid metal technology also produces a variety of products in the field of mobile phone parts and wearable devices, such as face recognition module structural parts, camera components, card holders, hinges, USB decorative parts and so on. At the same time, the company continues to offer new material structural components for use in emerging industries such as motion cameras, drones, and VR. As of the end of the reporting period, the company has established cooperative relationships with well-known customers such as Huawei, Lenovo, Samsung, Wistron, Heshuo, Lianbao, Kyocera, Idealens, Parrot, Gopro, Goer Acoustics, and BOE.
(3) Liquid metal
Liquid metal has high strength, good formability and high dimensional accuracy. It has significant advantages in performance, process and cost. It is a new generation of subversive materials that surpass traditional light alloys such as aluminum, magnesium and titanium.
Grabbed it from NetAdvantage, I have it in PDF so PM me your email and I can send it to you. Should warn however it's in Mandarin and needs to be translated. Was released @ 12:30am today.
From the Eontec Annual report, roughly $1 million in USD revenue in 2018.
(3) Liquid metal
Liquid metal has high strength, good formability and high dimensional accuracy. It has significant advantages in performance, process and cost. It is a new generation of subversive materials that surpass traditional light alloys such as aluminum, magnesium and titanium. Liquid metal is extremely suitable for use in any structural, high-strength, lightweight, complex, bright-looking structure. Not only can it meet the limit of the thickness of the structural parts, the complex structure of the folding screen mobile phone, and the cost performance of the commercial preparation is high.
In 2018, bulk amorphous has begun mass production, manufacturing and market two-way feedback is frequent, industrialization development continues to improve, more field material designers begin to pay attention to bulk amorphous materials, high-performance high-precision complex structural parts become blocks The growth point of amorphous alloy applications. During the reporting period, the company continued to develop the liquid metal product market and speed up the market layout. The order volume of the company's amorphous alloy products continued to grow, realizing the stable supply of large-volume amorphous alloy products, and taking the direction of amorphous alloy industrialization. A big step. The liquid metal Face ID frame produced by the company has been supplied to domestic well-known mobile phone manufacturers such as Xiaomi, OPPO and Huawei. During the reporting period, the company's liquid metal product sales revenue was 6.7745 million yuan, an increase of 25.29% compared with the same period of the previous year. With technology accumulation, process advancement, cost-effective products and excellent service, the company has won the recognition of many well-known customers. As of the end of the reporting period, the company has established good cooperative relations with well-known domestic and foreign customers such as Tesla, Geli, Xiaomi, Huawei, OPPO, Lansi Technology, ABB.
Executive compensation, it was in the Proxy Statement for the last ASHM for us to vote on. If you look at each of the forms there is a "Explanation of Responses" which dictate the terms of the awards. They will be granted over time so it doesn't have an immediate impact, but yes overall it is has the same impact as dilution.
Ex. Tony Chung
Expiration date-11/15/2028
1. The shares covered by the Option shall vest 33.33% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the Option shall vest monthly over 24 months with the Option being 100% vested on the third anniversary of the date of grant.
Looks like they are awards.
Code A- Grant, award or other acquisition pursuant to Rule 16b-3(d)
They wrote down the ENTIRE on hand inventory of $641,000 and billed it to cost of goods sold.
During the third quarter of 2018, the Company recorded a $641 write-down to raw materials inventory, with a corresponding increase to cost of sales. The write-down, comprising the full capitalized amount of raw materials inventory, was recorded in response to market conditions regarding part pricing for the Company’s technology and the overall view of the platform and materials that will be used to fulfill future prototyping and production contracts. Given market entry challenges for a new technology, and continued pressure to be price competitive with existing solutions, the Company cannot objectively predict the timing of volume production, the materials that will support such production, nor if such production can be fulfilled at a profit. While the Company continues to expect that volume production is achievable, and with viable economics, the lack of a current sales backlog and the Company’s lack of sales history does not support any future value with respect to on-hand raw materials as of September 30, 2018.
While my fingers are crossed that the company will be "too busy" with production to not have the the shareholder meeting on site, this is certainly not the first time the company has had an off site annual shareholder meeting. From a quick glimpse @ past DEF 14A filings LQMT had shareholder meetings @ hotels from 2012 going back quite a while...
ex.
"This proxy statement is furnished in connection with the solicitation of proxies on behalf of the board of directors of Liquidmetal Technologies, Inc. (“Liquidmetal,” the “Company,” we,” “us” or “our”) for the annual meeting of stockholders (the “Annual Meeting”) to be held at the Ayres Hotel & Spa, 28951 Los Alisos Boulevard, Mission Viejo, California, on Thursday, June 28, 2012, at 9:00 a.m., local time, or any adjournment or postponement of the Annual Meeting. A copy of our Annual Report on Form 10-K for the fiscal year ended December 31, 2011 (the “2011 Annual Report”) is enclosed with this proxy statement."
March 2014 Tony sold off 560,000 at .26-.27 shares while exercising options the following day to buy them back at.08-.124 which the stockholders paid for. I'm not saying its going to happen again, i'd just rather see the new guys like Bresnick buying up stock.
http://services.corporate-ir.net/SEC.Enhanced/SecCapsule.aspx?c=130649&fid=9347574
Transaction Code P is an open market/ private purchase. Looks like he picked up 600,000 shares over the past few days. Let's hope he doesn't short the stock again like he did last time...