Replies to post #108476 on Liquidmetal Technologies Inc (LQMT)

[Jollymon1958]

I would not buy an Industrial building without an environmental study. I have to deal with this on every project I do. Phase I and Phase II. Since there is no bank perhaps one isn't needed but isn't that taking an unnecessary risk? Is that good management? I know the expense associated with cleanup and God forbid it passes through the soil to the neighbors property. One might say, "who's to say there was environmental concerns at this location?" An Environmental study declares whether there is or not because they do the history. I am in no way suggesting there hasn't been one done and perhaps you guys are right. Li had the building picked out, Environmental done, contracts in hand, before signing the paperwork to buy 1/2 of lqmt. I don't know so I have to consider you guys might be right. I am only suggesting it isn't normal in the real world but each case is different.

[Jollymon1958]

Sorry forgot to address the Architect.
Being in California and in a Union area I would imagine one would be required before any changes to electrical and plumbing can be performed. I guess it's like building an addition on to a house. You can't just go to Lowe's a get started. In my shopping centers a building permit is REQUIRED before any work can be performed. Work has to be handled by a Licensed General Contractor. He has to hire a licensed electrician and plumber not just someone who knows what he's doing. When you start talking about Insurance and Workers Comp everyone has to be licensed and Insured. That's the way it is here. Maybe it's different in a larger City? I will say this, the TAX man is going to know all improvements done to a structure so they can raise revenue. This is monitored through Building Permits.