Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

Joshuaeyu, I read your recent post about the Letter of Commitment on Regulating Related Transactions and Avoiding Competition in the Industry. In particular, I was struck by the following: "5. Upon Liquidmetal Technologies meeting following conditions, Liquidmetal Ltd shall transfer all of its owned Liquidmetal Technologies Inc. shares to Eontec,"

Lugee Li, as an individual, not as a representative of Eontec, purchased 405 million shares of LQMT. Then,on November 3, 2016, he transferred ownership of those shares to Liquidmetal Tech, Ltd,, (a Hong Kong corporation, holds such shares of common stock. Mr. Li is the sole shareholder, executive officer and director of Liquidmetal Technology Limited.)

Based on the above statement in the Letter of Commitment, one might conclude that Prof. Lugee Li purchased the 405 million shares surreptitiously, as an agent of Eontec, all the while intending to transfer ownership of those shares to Eontec. I do not know Prof. Li, but I believe him to be an honorable person. So how do you (Joshuaeyu) explain the purchase of 405 million shares of LQMT by Prof. Li, as an individual, with the apparent intent of transferring ownership of those shares to Eontec? And would the transfer of those shares to Eontec be a gift (most unlikely), or a repayment for funds taken from Eontec to purchase the 405 million shares?

This raises a serious concern. You will recall that the shareholders of Liquidmetal Technologies, Inc. voted to increase the number of authorized shares buy approximately 500 million to allow Prof. Li to purchase his 405 million shares. We, the minority shareholders, did not vote to dilute our shares buy 100% to enable Eontec to purchase the 405 million shares.

With all due respect, I ask you to please provide a direct link to the Letter of Commitment so that I might obtain my own translation. -- Thank you in advance, John.