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Friday, September 16, 2016 8:02:37 AM
.Li position on the board is set whether he ponies up more money or not. Why would they vote him off? He has more experience in manufacturing and getting contracts then all of the board combined.
Li is obviously no dummy, but does anyone have a clue how China works and how the Chinese government controls who gets what? The first 8 mill doesn't come in unless China's govt says so. If you knew about Li, he's a neophyte when it comes to US markets.
These LQMT guys and gals clearly can't sell anything so far - Hauck? Hello?? You still there??? But I certainly wouldn't say Li is any kind of expert in Engel manufacturing when he is only doing 80 mill in revenues and he's a beneficiary of a tight relationship with the Chinese govt. Go to China - take a look at the former huge landowners who had all their property taken away without compensation and the little plot they are left with next to major roadways if you think that Li wasn't connected in China and if not for that he'd be tending to his little plot as well, but it also means if they say no, then Li follows orders or finds a way to make it work - $$$ - if he really wants it bad enough. I just can't imagine them being OK with Li owning a huge chunk in LQMT when no other Chinese private investor has ever been given that opportunity before.
The Idiot's Guide to Investing, pg. 1 - If you think management and the stock are a loser, going nowhere and/or down, then Sell, Sell, SELL and NEVER look back because if you're in a stock you hate and you got no hope, then to stay in it, is being a dope.
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