So just so I have all this straight...
The guy who was originally running the show that they got rid of for running it into the ground and had hired all his cronies in jobs where they didn't have to do anything and left the company in shambles, created another company with almost the same name, that sells products that compete with the original company, where his friends still work. This company pays Royalties for the use etc... But whatever deal was signed was signed with people he knows who he hired. I'm sure he's paying market rates for everything. I'm sure he isn't paying royalties in smiles on Tuesdays.
I'm somewhat concerned that through all of these dealings, lqmt is acting as somewhat if a shell taking the hits while luxury brands is making profits. Whether or not he's pulling the strings at LQMT, he still has people he's tied to there signing off on his deal.
I'd like to see the terms of these dealings between the two become really transparent. Let's be honest neither of these company leaders show much evidence of acting in the companies best interest. They've admitted mistakes have been made, but if they're always being made by one company while he other company happens to be around to pick up the pieces at pennies on the dollar, there's something big here. I'll be pissed if we later find out that Visser is producing parts for Kang, after LQMT gave him shares off the shareholders backs to get the deal rolling. Later that deal sours, lqmt takes a bath, but all these machines and capacity get used to create Kangs stuff and get him off the ground.
I'm taking some big liberties on the scenario above, but you have to admit the timeline works. If Steipp says something to the extent that the terms of this deal have to be held private because it's a private company. I don't know where shareholders stand on what we can ask for, but I think some things will need to be addressed
