Liquidmetal Technologies Inc (LQMT)

[jaybiscuit]

The $30,000,000 forex is like an insurance policy. It insures against negative exchange rate positions. If it isn’t used, it is either renegotiated (based on exchange rate risk) or just renewed for another year. Their are only two forex funding sources in China both regulated by the govt. Here’s a question—this forex is for US$—and is a HUGE forex. Since the forex must be applied for—and the need for the forex revealed to the funder (owner of the risk transfer) to determine the limit. Who’s the huge US$ paying customer? A forex this large could only be Apple or Tesla. $30,000,000 is significant.