Liquidmetal Technologies Inc (LQMT)

[Dell_Griffith]

Eontec has currently about $31m in cash as of recent Q and $28.4m in debt (usd converted from yuan). Their net margins are roughly 6% for trailing 12 months with sales closer to 100m ($93.6). They did generate some cash flow for Q1 $4.4m and $1.3m in FCF.

I'll tell you one thing, with a ratio like that, I don't see any bank in the U.S. giving them a 14 million dollar line with 31Mill cash in bank and 28Mill of debt already on the balance sheet, unless they had some contractually guarantees of upcoming business, but a gov't loan from China is no comparison to a U.S. lender.

Thanks, that's great information.