Liquidmetal Technologies Inc (LQMT)

[ICCGUY]

There were four new prototypes shipped this quarter. Two paid for by the prospective customers, two paid for by LQMT. This brings the total number of prototypes shipped year to date to seven. Overall total shipped prototypes is now at 10.

It was not clear to me that their would be any more dilution beyond shares being paid to convertible debt holders. They are being paid with shares, not cash. It was stated that we are paying in shares to conserve cash for operations.

The statement of "good cash position" was relative to last year at this time. With virtually no revenue coming in and expenses being incurred as if we do have revenue coming in, I would not say that any level of cash could be considered all that good. The only way we have generated cash is through incurring more debt or through dilution. That is the weakest form of cash possible.