Replies to post #147686 on Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

What is new is the additional funding raised for “Eon Industry” (99% owned by Lugee Li). Funding raised goes to Lugee Li. We will soon find out what Lugee plans to do with this funding.

Keep in mind back in 2016, Lugee sold 10% of Eontec shares and moved the money to “LiquidMetal HK Ltd”. That entity wound up investing 64 million to LQMT.

Note this deal include transfer of voting power above and beyond the (10+9%) stock ownership. In another word, Lugee via “Eon Industry” is still the plurality owner of Eontec but no longer has the highest voting power.

This is different than recent NPO via Eontec stock issuance. Funding raised goes to Eontec cash holding.