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Re: Liquid_Observer post# 5459

Friday, 04/27/2012 9:18:31 PM

Friday, April 27, 2012 9:18:31 PM

Post# of 239084
this is all i could find in current info...quarter report will tell the tale

On April 25, 2012, the Company issued a bridge promissory note to Visser Precision Cast, LLC (“Visser”) in the aggregate principal amount of $300,000 (the “April Note”). The April Note is unsecured and is due and payable on demand within three days after the Company receives notice of payment from Visser. The April Note will bear interest at a rate of 8% per annum, increasing to 15% per annum following any failure to pay principal or accrued and unpaid interest on demand in accordance with the terms of the April Note.

On February 27, 2012, the Company issued an additional bridge promissory note to Visser in the aggregate principal amount of $200,000 (the “February Note”). The February Note is unsecured and is due and payable on demand within three days after the Company receives notice of payment from Visser. The February Note will bear interest at a rate of 8% per annum, increasing to 15% per annum following any failure to pay principal or accrued and unpaid interest on demand in accordance with the terms of the February Note.

On January 17, 2012, Liquidmetal Technologies, Inc. (the “Company”) issued a bridge promissory note to Visser Precision Cast, LLC (“Visser”) in the aggregate principal amount of $200,000 (the “January Note”). The January Note is unsecured and is due and payable on demand at any time after February 1, 2012. The January Note will bear interest at a rate of 8% per annum commencing on February 2, 2012, increasing to 15% per annum following any failure to pay principal or accrued and unpaid interest on demand in accordance with the terms of the January Note.


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