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They better give shareholders some reason to vote for this.
My 2 questions, regarding anti-dilution protection.
1) Are the remaining Visser Warrants still protected from anti-dilution?
Because lqmt has not increased Visser's share count listed in the "Schedule 3(c) Fully Diluted Shares" found in the 8-k.
2) Do the Eontec Options have anti-dilution protection?
The Turing Drama (not knowing if its real or fake, always delayed, always changing its operating system) reminds me of when Nokia released an Android device After Microsoft paid Nokia to use WindowsPhone OS in its Lumia SmartPhones, it forced Microsoft to buy Nokia's Device & Services Division for several $ Billion.
I wonder if Eontec intended to do the same thing with the Turing Phone, it certainly brought a lot of attention to Eontec and its capabilities, all it needed was the License, now it has it.
Off course what Apple does will never be revealed at any lqmt CC.
Maybe that why the Turing Phone is always delayed, it was not intended to be manufactured, it purpose was to grab attention.
All Speculative on my part.
https://www.turingphone.com/
Look under "Specs"
Speaker also made with Amorphous metal, should make for a high decibel output relative to size.
I wonder if its Hot Formed from an Amorphous metal, Eontec can handle that.
Forming a complex medical device with precision beyond CNC machining, in one step https://t.co/QLbRdBCF7r pic.twitter.com/JAsli5eMoK
— Liquidmetal Technologies (@liquidmetal) December 10, 2015
I have posted before that the 4 incher and iPhone 7 will NOT be made with lqmt based on rumour pics. So now there is a new rumour pic of the iPhone 7 Plus model, showing that the rear camera 'bump' is formed as part of the case, Not by a seperate ring as in previous models.
Exactly right you can’t add capital to market cap, for example if we use he’s Logic;
market cap was 34m + 8m capital input = $42m
divid that by 582m shares (473m + 105m dilution) and you get a PPS of 0.07 when the actual PPS is nearly double that.
But he knows best because he has lost the most investing in lqmt, bizarro logic 101.
Why So Serious, #TeamSteipp doing the hard sell.
This penny stock is doing business and making deals with Major players from Germany to China.
https://pbs.twimg.com/media/Cdisw9nW0AA3lIM.jpg:large
-lqmt has $8m to operate, if the deal is not approved add 3% per-annum.
-$55m more to come.
-Eontec owns 36.8 % of lqmt.(405m from 1.1b)
-lqmt will have 123m Authorised shares left after full dilution.
-no future litigation costs between the 2 Amorphous Technology Companies.
-lqmt gets free use of Eontec IP with no restriction in all markets outside Asia.
-Eontec is excluded from CE and Luxury Products in All markets.
-Eontec is excluded form American and European markets.
-when lqmt gets a big order it will have no problem manufacturing it,
-lqmt won't have to spend any money establishing a manufacturing facility in China,
I Hope at the CC LQMT announces a stake in Eontec and a High volume part order to justify the deal and get shareholder approval.
Those are my 2 Expectations. Hope it happens.
Some have been questioning whether a Chinese Company can be trusted, Apple seems to be doing ok.
Hon Hai Precision Industry (Foxconn) is Headquartered in Taiwan with manufacturing facilities in China.
Eontec is Headquartered in Hong Kong with manufacturing facilities in China.
Thats good news, so lqmt has all of Eontec's IP available license out for a fee, not free as you point out. Eontec can do the same but is excluded from CE and Luxury Products.
Regarding the second part of your post, i believe so, from Li and Steipp;
Very true it does not take much to drop a Penny stock, nonetheless Dinner will still be Bitter for some.
I just want to highlight that this Cross licensing agreement (that Eontec is paying $63m) excludes Eontec from American and European markets, the agreement is JUST for Asian Manufacturing.
Additionally Eontec is EXCLUDED from ALL prior agreements and licenses that lqmt has already issued, such as CE and Luxury Products In ANY and ALL markets INCLUDING ALL ASIAN MARKETS or ANY Market on the PLANET !
No CE or Luxury License for Eontec Whatsoever.
BUT Eontec gives its own lP Patents license Exclusively to lqmt for the American and European markets with NO EXCLUSIONS.
Can Apple, Swatch group, Porsche etc can use those Eontec Patents too, i guess they can,
Only 105m shares were sold to Eontec, and they where form the already existing 700m authorised shares.
where did you get that figure of 878.15m ?
it does not show up on the link you provided, artistic license ?http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121167886
Eontec owns 15% of lqmt right now, 105/700=15%
Eontec can only buy the remaining 300m shares if shareholders increase the authorised shares by 400m, Then 405/1100=36% ownership by Eontec.
No Takeover Boys.
It looks like Lots of longs are holding this stock. 477m float available for trade and only 9m sold, thats just 1.8% churnover, or if we add the 105m shares sold to Eontec, 477+105=582/9=1.5% of float changed hands.
To add to your post, and Enotec will give lqmt exclusive license in America and Europe
re jrs post
So Eontec with its own BMG supplier for Asian Manufacturing,
and Engel machines with Materion for American and European manufacturing.
Double attack. This agreement would also save any Patent litigation between both companies over Amorphous alloys.
Seeing as how this rumour turned out to be true, a repost of the lqmt-eontec deal, Translated but maybe we can try a little harder to read what it might say, or wait for close of trade Wednesday.
Thanks too hazeleyedgirl for the original Links.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121156047
OHHH Now that would be Amazing, Eontec has a market cap of yuan5b, thats about usd750m.
750m*18%=135m
too good to be true?
http://www.google.com/finance?q=SHE%3A300328&ei=9bvmVpHuH4eB0gSU8qCgCQ
No the additional shares are not yet approved or baked into the price, they have only issued a 105m share sale to Eontec, the rest doesn't go ahead without shareholder approval, if it fails then lqmt is forced to return the money. Should be very interesting.
Agree, 300m would close the deal with 20m shares leftover, but now they will have 120m shares available to sell if Eontec takes too long, and why are only 100m of the 405m priced at 0.25.
Also 405m of 1.1b is 36 % !!
Confusing how this will all wash out and we have to wait until close of Wednesday to get all the details. Finger on the trigger ....
Would not have happened if we still had Aspire to tap into, going under 0.10 forced this.
Yeah they already issued shares, 8-K PDF on page 120, Schedule 3(c) (Fully diluted shares)
http://ir.liquidmetal.com/phoenix.zhtml?c=130649&p=irol-sec
Is lqmt seeking shareholders to approve issuing the remainder of the 700m authorised shares or is lqmt seeking to increase the 700m authorised shares?
Would be a great deal if 18% or 126m of the 700m was sold for $55m, thats 0.436 a share.
We find out Wednesday.
The stock value all depends on how many authorised shares lqmt wants to print. Maybe we find out Wednesday. I think its a gradual cash sale to Eontec for 18% (assumed) of lqmt stock, no stock swap but a cross licensing deal. I guess that would save any future litigation.
I wish lqmt had the finance not to have gone this route in china.
Does this mean Engel, Materion are supplying American, European Manufactures while Eontec handles all Asian Markets?
Apart from no BK and more Dilution what else will lqmt shareholders get.
http://www.google.com/finance?q=eontec&ei=2ZjmVrH-JImT0ATr87P4Dg
http://www.businesswire.com/news/home/20160314005299/en/
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Mar. 14, 2016-- Liquidmetal® Technologies, Inc. (OTCQB: LQMT) ("LQMT"), the world's leading developer of amorphous alloys, announced today that it closed on a financing transaction of up to $63.4 million (initial closing occurred on March 10, 2016 in the amount of $8.4 million through the sale of equity to a private investor, with a commitment for an additional investment in the amount of $55.0 million subject to an increase in authorized shares to be approved by shareholders) . The investment was made in conjunction with a cross-licensing agreement with DongGuan EONTEC Co., Ltd. ("EONTEC"), a publicly traded company on the Shenzhen Stock Exchange (300328.sz).
EONTEC is a global manufacturing company headquartered in Hong Kong with manufacturing plants in China. It specializes in new material development, such as bulk metallic glasses and medical grade magnesium for implants. The company possesses a full set of mass production capabilities for zirconium based amorphous alloys, including material refining, tooling, and machining, surface treatment, as well as equipment and machine building capabilities for making large parts out of bulk metallic glass.
The equity investment in LQMT was made by Professor Lugee Li, who is also the Chairman and majority stockholder of EONTEC. Professor Li serves as an Analyst for the Institute of Metal Research at the Chinese Academy of Sciences and teaches at several universities in China. As part of the transaction, Professor Li was elected as a Board member of LQMT.
"EONTEC's capabilities complement LQMT's focus on production of high-performance parts, allowing LQMT to address a broad range of market opportunities from automotive, medical, and industrial customers. This partnership positions LQMT well to support design and production globally at a vastly increased pace," said Professor Li.
"This investment and partnership recognizes the significant advancements in technological and commercial capabilities that Liquidmetal has forged over the last five years. Our brand and market positions in North America and Europe are without peer," said Thomas Steipp, President and CEO at LQMT. "This financing transaction and cross-licensing agreement provides us with the platform and resources necessary to establish a global market in Liquidmetal® alloy solutions and to fast-track the market development of our core offerings. With this partnership, we will extend our capabilities to significantly larger parts, as well as offering substantially lower price points for some consumer markets. EONTEC and Liquidmetal each bring significant capabilities to this partnership, and we believe that result will be a much larger market that develops much more quickly," continued Mr. Steipp.
For more information, please refer to our Form 8-K describing the transaction filed with the Securities and Exchange Commission on March 14, 2016.
I've previously posted that the website is a scam trying to get emails,
i still don't see how any of this rumours could have Pumped lqmt. Quite the opposite i think.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120927187
I don't see anything positive in this rumour that would have caused an artificial run up on the PPS. This rumour could not have been designed for a pump, but lets continue to blame everything on Steipp.
Thanks too several posters who have cleared up this rumour, sounds like the Turing guy is playing games again.
Must admit i didn't sleep too well this am. Didn't like the idea that 18% of lqmt was going offshore and for such a cheap price too.
Wonder what #TeamSteipp will reveal at the CC.
I have Hope in my Expectations. Same Same really.
expectation
1 a strong belief that something will happen or be the case:
hope
1 a feeling of expectation and desire for a particular thing to happen:
True its targeting probable false rumours from China, BUT the Flip IS defending LQMT Stock and suggesting not to sell.
If nothing else the rumour has shown lqmt's biggest investor on this board is Hopeful of our investment
Agree, looks like no LQMT for the iPhone7.
This News would NEVER pump up the price, so it can't be a scam from lqmt's side or any alleged lqmt pumper.
Does 18% ownership mean Eontec can make CE products out of lqmt?
This will be interesting.
Great Connection Vyper4. Several Comments by 'Anonymous' are very informative, we need that poster on this board.
http://reviewjolla.blogspot.com/2016/02/promise-on-sailfish-os-turing-phone-by.html