Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

The money from Li ceased being Li’s money when he gave it up for an exchange of shares and IP rights.

In exchange for shares, yes. But only the company has rights to the IP. Shareholders, including Li, do not have rights, as individuals, to the IP.

In similar manner, all other investors in LQMT also gave up their money in exchange for shares. And that’s all they are entitled to: their shares. The complaints about Li squandering “their” money is factually incorrect. The only factual statement that a shareholder can say, in regards to the money they invested in the company, is that they themselves may have squandered their own money by exchanging it for shares in the company.