Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

...LQMT only has 200 shareholders of record.

That does not mean that only 200 individual persons own shares in LQMT. There are many hundreds, more likely a few thousands, of people who actually own shares in LQMT. The shareholder of record is often a brokerage house or a bank. They hold shares in the name of the beneficial owners (people like you and me), who are the ultimate owners of a stock. Publicly traded securities are commonly registered in the name of a broker (the shareholder of record) for two reasons: convince and safe keeping.