Liquidmetal Technologies Inc (LQMT)

[Barney Vissur]

Could not locate your post on your thoughts that MTRN could manufacture for LQMT. I think that would be difficult to reconcile if MTRN is also supplying alloy to VPC. It has to be a somewhat difficult role for MTRN to supply to both LQMT and VPC when they had such a fractured relationship and I think neither was innocent in that debacle, although it may be somewhat irrelevant, as they both need the alloy from MTRN.

Regardless, I, unfortunately, cannot be in on the c.c. due to a prior commitment, but (and this may be in the financials or elsewhere) are there any limitation in advancements, or otherwise that limits VPC's access to MTRN alloys? In other words, I am trying to gauge MTRN's commitment to either of LQMT or VPC, as they are essentially competitors with a sole source supplier of raw materials. It puts MTRN in a very unique position of knowing what both are doing (as supplier of raw materials to both) while neither wants the other to know what each are doing. MTRN has to maintain confidentiality for both, while essentially being in a conflict of interest position. Anyhow, that's one of several reasons I don't see MTRN being a CM for LQMT.

I really just don't see LQMT using a CM. I see a slow progression to them doing it themselves. That's where the largest margins of 40% are and VPC already knows this and, although we'll never know since they're private, I don't see VPC issuing any licenses. Anyone else see LQMT getting 40% license fees? I guess time will tell. Jmvho.