So AVV (LiquidMetal Coatings) is giving away its LiquidMetal coatings IP (valued at $20 million) to Victory Energy for $5 million, AVV must be desperate to accept that fire sale or more likely desperate to escape its Debt.
Victory will do a Reverse Split then increase the authorised share count to alloy for conversion of Series B preferred Stock, which represents 90% of Outstanding stock. What a mess.
So LiquidMetal Coatings aka Armacor Victory Ventures aka Armacor Holdings will Now become Victory Energy.
A good way to get rid of its accumulated losses and screw shareholders.
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