Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

ALL IN THE FAMILY

1.1 By definition, neither Eontec or Lugee Li are considered affiliates of LMT.

LMT China and Meon Magnesium are affiliates of Li and Eontec

Things have changed a bit since March 2016.

Base on following definition of "Affiliates" and "Control"

“Affiliate” shall mean, with respect to any specified person or entity, any corporation, limited liability company or other legal entity which directly or indirectly controls, is controlled by, or is under common control with specified person or entity or its successors or assigns.

For the purposes of this Agreement, “control” shall mean the direct or indirect ownership of more than fifty percent (50%) of the outstanding shares on a fully diluted basis or other voting rights of the specified entity to elect directors or managers, or the right to direct or cause the direction of the management and policies of the specified entity whether by contract or otherwise; and the terms “controlling” and “controlled” have meaning correlative to the foregoing.


Lugee Li might have indirectly gained "control" of LMT Board with Steipp departure and Abi step down of COB. Hence Lugee Li is considered affiliates of LQMT



Interesting thing is the specific reference of Meon Magnesium and LMT China.

Meon Magnesium is the JV between Eontec and Cloud Metal which was started in 2015 and double down with Eontec investment in 2017 and triple down with latest NPO in 2018

LMT China (family tree definition) was shown to the whole world with thousands of participant in a Global Trade Show in 2017.

..............................LQMT-CHINA...............................
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.......................................V.........................................
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........V.............................V..................................V....
Yi Hao Metal..........LiquidMetal.....................Eontec

Note Yi Hao Metal is a JV between Eontec/LK Machinery/East Zirconium
That is the group leading the charge for last mile of "commercialization" of BMG
Some folks here might have met the leader in that group in last year OH.




ALL IN THE FAMILY