Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

Li could become Board Chairman if so elected. It's up to the Board Members to elect their Chairman.
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BYLAWS OF LIQUIDMETAL TECHNOLOGIES, INC.
ARTICLE III -- BOARD OF DIRECTORS

Section 3.3 -- Chairman of the Board. The directors may
elect one of their members to be Chairman of the Board of Directors. The
Chairman of the Board of Directors shall be subject to the control of, and may
be removed by, the Board of Directors. He shall perform such duties as may from
time to time be assigned to him by the Board of Directors.
Ref. http://contracts.onecle.com/liquidmetal/bylaws.shtml

Note: Maximum number serving of the Board of Directors =7
Maximum number of Board appointees by Li = 3
Therefore, he is certainly not a shoe in for Board Chair, unless at least one of the other 4 members vote for him.