Liquidmetal Technologies Inc (LQMT)

[edburns]

Watts, looks like the anti-dilution applies only to the warrants which have a lock-up through December 31, 2016. So if Visser's warrants become diluted, wouldn't LQMT just have to amend the agreement and increase the warranted shares to reflect the dilution? In the agreement you provided, it appears they amended the agreement to reflect dilution before. With any dilution of LQMT, I don't see the need for a significant increase in the number of shares secured under the warrants. It would be a relatively small percentage of the outstanding. Maybe a few million...?

warrants to purchase 15,000,000 shares of common stock (subsequently increased to 18,539,762 shares under the anti-dilution provisions of the warrants) at an original exercise price of $0.22 per share (subsequently reduced to $0.18 per share under the anti-dilution provisions of the warrants), which expire on June 1, 2017. All of the shares of common stock issuable upon exercise of the warrants are subject to a lockup period through December 31, 2016.