Liquidmetal Technologies Inc (LQMT)

[Dell_Griffith]

Steipp put himself first and shareholders a distant second.

Come on, you know that insiders at ANY public company always put themselves very far in the lead before anyone else. True, or not true about him in particular, it wouldn't be any different from any other insider. Just the way it works.

Regardless, I would suspect he is expecting Lugee to make him some serious dough. He KNEW not to give up seats to Visser - because he could be annexed, but he was OK with giving up THREE seats to the majority shareholder??? Haha, not mocking you - laughing at myself for not seeing this, but now that I'm thinking about it, I'm thinking it will take some time - 6 months or so, I think (for what that is worth) - but he could have given up just two seats or sought another year of security on his contract. I think this deal was in the works for a while and I also think Lugee told him he'd only give him a year and I wouldn't be surprised if it was a year because 2 years may have meant two years severance. Clearly, giving up 3 seats, to a guy who was loaded and owned 400 mill shares when he refused to give up even just one seat to Visser, who was not as well-funded, pretty much signed his ticket out. In other words, he knew this would happen if he gave up that much.

I'm almost laughing at how this guy probably sought some really good advice before going through with this deal and how to structure the whole thing.

P.S. I think Steipp's options are exercisable at .18. The weighted average is in the financial statements somewhere.