Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

Lugee just sold 8% of his shares to the State

Lugee is now no longer Eontec plurality shareholder

He now owns 22% and State owns 27.9%. Combine total of <50%.

Previously State was given the 27.9% “voting power” and now it is both ownership and voting power.

Note the statement says previous obligation by major shareholder (Lugee) is at risk.

Those obligations perhaps might include “transfer of LQMT shares”.

Also, new BOD and management appears to be coming. So much of COI talks will deem meaningless.

In return Lugee’s margin debt of his Eontec shares are now all cleaned out.

Essentially this will open up Lugee personal investment with no string attach.

STORY HAS JUST BEGUN

Stay Tune........