Sunday, March 18, 2018 7:17:13 PM
It’s a technical legal point, but Li is not ‘Affiliated’ with LQMT.
He is the CEO. He is the ‘major’ shareholder. But he is not the ‘majority’ shareholder. For companies and entities to be considered ‘Affiliated’, they must have common ‘majority’ shareholders. When entities have the same ‘majority’ shareholder, their fates can be seen and expected to seen as intertwined.
There are different reporting standards.
NASDAQ investors prefer a company that appears to not have a ‘majority’ shareholder.
It’s a good thing.
Recent LQMT News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 08:41:42 PM
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