Liquidmetal Technologies Inc (LQMT)

[PatentGuy1]

“Lugee Li made some good moves to protect some of his wealth.”

Question: Did Li succeed in getting the $63 million out of China or is it still within the grasp of the Chinese government?

The LQMT shares are held by a Hong Kong company and pledged to a Chinese company (with transfer to occur after financial criteria are met). If Li wanted the money out of China, why not have the shares held by a US company (or a company from a tax shelter country-Bahama, Ireland, etc.)?

Perhaps Li could only get the money “out” of China by agreeing to have the shares held by a Chinese company and pledged to yet another Chinese company. Perhaps Li has not yet succeeded in protecting his wealth by getting it out of the grasp of the Chinese government.