Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

More on John Kang, former CEO:

John has an interesting history. You can google all about it if you want to read the details. In spite of the history, John's company, IMG, was granted a non-exclusive license by LQMT to use certain patents. That license was supposed to run through 2021 but was terminated in 2016.

From the 10-K filed 3/4/2015
The Company entered into a license agreement (the “IMG License Agreement”) with Innovative Materials Group, LLC (“IMG”), a California limited liability company which is majority owned by Mr. John Kang, a former Chief Executive Officer and former Chairman of the Company, to license certain patents and technical information for the limited purpose of manufacturing certain licensed products with the Company’s first generation die cast machines. The IMG License Agreement granted a non-exclusive license to certain product categories and obligated IMG to pay the Company a running royalty based on its sales of licensed products through the expiration of the license on August 5, 2021.   We recognized $6 thousand and $8 thousand in royalty revenues from IMG during the years ended December 31, 2014 and December 31, 2013, respectively.

From the 10-K filed 3/10/17
The IMG License Agreement was terminated on March 8, 2016.

But like a wack-a-mole, you can't keep a good man down.