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Watts Watt

05/31/18 10:43 AM

#150671 RE: jrs5 #150666

Sorry, I missed that underline.

So, Kang is trying to rehabilitate himself, by HOOK or CROOK, take your pick.

Thanks for your keen eyes. I will ask ADMIN to delete my post.

ADMIN:

Please delete this post and the related post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141187883

I never wish to intentionally mislead anyone.

On the other hand, I am glad I made an issue of this so as to bring it light, one way or the other. I was concerend.
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The Paraclete

05/31/18 11:52 AM

#150682 RE: jrs5 #150666

More on John Kang, former CEO:

John has an interesting history. You can google all about it if you want to read the details. In spite of the history, John's company, IMG, was granted a non-exclusive license by LQMT to use certain patents. That license was supposed to run through 2021 but was terminated in 2016.

From the 10-K filed 3/4/2015
The Company entered into a license agreement (the “IMG License Agreement”) with Innovative Materials Group, LLC (“IMG”), a California limited liability company which is majority owned by Mr. John Kang, a former Chief Executive Officer and former Chairman of the Company, to license certain patents and technical information for the limited purpose of manufacturing certain licensed products with the Company’s first generation die cast machines. The IMG License Agreement granted a non-exclusive license to certain product categories and obligated IMG to pay the Company a running royalty based on its sales of licensed products through the expiration of the license on August 5, 2021.   We recognized $6 thousand and $8 thousand in royalty revenues from IMG during the years ended December 31, 2014 and December 31, 2013, respectively.

From the 10-K filed 3/10/17
The IMG License Agreement was terminated on March 8, 2016.

But like a wack-a-mole, you can't keep a good man down. :-)