Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

Let's look at all sides of the equation.

Apple:

There is nothing but downside of any hostile takeover. On the other hand, they are not motivated at all to take ownership of any kind. They did not do it at 2010 and they are not going to do it now.
Apple is a technology company not a manufacturing company. LQMT has been out of technology phase long time ago. Apple got what they want for 20 million.
With that being said, they will do anything they can to inject poison pill before the last resort of ownership.

LQMT:

No company like to be taken over at fire sale. However, there is always reason for fire sale due to their own incompetency. There is no way they could have stopped 51% ownership at the get-go with a take it or leave it offer (I argue not much more than 63 million). The thought of stopping one at the get-go for 46% and somehow stopping another 5% from happening is naive.
LQMT does not need 63 million to keep the light on. If the thought process is to prevent take over and/or injecting a bidding war, simple answer is to accept 20 million for 20%.
Again, did they have that choice?


Li:

46% motivational ownership is an oxymoron. The thought of staged take over with 46% upfront is irrational. Why make life so complicated (for every one involved)?

THERE HAS TO BE A POISON PILL SOMEWHERE

IMHO.....