Liquidmetal Technologies Inc (LQMT)

[Dell_Griffith]

what about the accounting issue with unforeseen liabilities. Guess it was not meritorious.

Reading is fundamental. The "unforeseen liabilities" is they paid out 750K, with Lugee's OK, to get out of one deal to jump into this. That's all it was - no Visser, no Ogawa, no Salas and no amount that was earth-shattering and it was done with the purpose of entering the deal with Lugee. It's just a termination fee to get out of an old deal to be able to enter into the deal with Lugee, with Lugee's knowledge and consent.

"Subsequent to September 30, 2016, the Company reached a settlement with respect to any and all amounts allegedly due under the engagement agreement in the amount of $750. As a result of the settlement, the engagement agreement is deemed to be terminated in all respects as of the settlement date of November 8, 2016. Such amounts have been reflected as an accrued liability as of September 30, 2016 and reflected as stock issuance costs as a reduction to additional paid in capital."


P.S. Steipp gave the heads-up of 144K, they came in at 156. Still clearly not enough to be happy about, but he said what it would be so no surprises there either. I would figure Q4 should be around the 210K Steipp predicted, but hopefully Lugee helps them push into gear.