Liquidmetal Technologies Inc (LQMT)

[bobroo]

Eutectix--boy, here's an interesting situation!

Fairly soon after the electrical upgrade was complete (Read: we jumped through all the hoops, completed the install, paid for it in full, but then never used an iota of it) management decided that we were going to lease the Lake Forest building. So what to do with all the production equipment? Well, I guess it's safe to say that Eontec did not want it--even for free, just pay shipping. If the fact that Eontec did not want the Green Mystery Machines, the degating equipment, and all the other wizz bang tooling....this should be screaming Fraud! in your ears, young unicorn. So LQMT comes up with an agreement with a previously unknown player in the LQMT universe, Eutectix.

Eutectix is a larger outfit that apparently deals with similar types of manufacturing equipment and has a couple locations. The terms of the Eutectix deal were made public. If you cared to read the fine print it goes something like this: Eutectix takes possession of all the LQMT production equipment but not necessarily ownership. As a free bonus Eutectix also received all inventory of LQMTs BMG stock -- ya' know those 4" cylinders of pure LM106 made by Materon? A Green Mystery Machine just processes these cylinders (or ingots), many, many investors incorrectly assume that LQMT somehow makes BMG. Per contract, Eutectix is allowed to do what ever they wish with all the equipment; including manufacture stuff. LQMT is supposed to get some type of percentage of sales if this is the case. LQMT has the right to cancel this contract at any time and the contract can be extended. It is completely unclear what happens in the event the contract just plain expires. The two Engle machines alone cost us about a half a mil. The equipment is known to have gone to an Eutectix location in Arizona.

Don't worry happy unicorn, I have the contract expiration date as an upcoming event on my calendar. If necessary I'll be springing this inconvenient ghost from the past on all of you the day after the contract ends and providing we investors are not notified of an extension --'cause that is kinda is a material event ya' knows.

Here is a pic of one of our Engle machines, unenergized of course; sitting in the shade of a completely worthless overhead bridge crane in beautiful Lake Forest. You know it's LQMT because there is not an ounce of work in process anywhere near the machines.