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Re: iateclube post# 190277

Sunday, 04/19/2020 3:27:19 PM

Sunday, April 19, 2020 3:27:19 PM

Post# of 233358
Li owned 18% of LQMT HK back in in 2016, which is the holding company he created to hold the 405 million shares (46%) of LQMT LF. Which he indeed has/had the authority to vote. I interpret that to mean the other 82% of authorized shares in LQMT HK were un-issued, but could be at any time. Ergo, the controlling majority of LQMT HK could be changed by issuing these shares. Remember, Li stated his intent to transfer the LQMT LF shares to EONTEC, and that was even before the Chinese State became the controlling majority of EONTEC.

Think about how he controls LQMT LF with a minority holding. Think about how the Chinese State suddenly had control of EONTEC, our flagship partner. This is how they roll. The information on LQMT HK is from 2016. What about today, what about tomorrow. It leaves the door wide open. It seems Li does not hold 100% of LQMT HK authorized shares. What is the plan for the rest?

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