Monday, October 22, 2018 3:37:39 PM
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.
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:14:31 PM
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- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:49:57 PM
- 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
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