“This scenario just does not add up. Why oh why buy a building, machines, employ people, and invest in R&D and burn thru millions of dollars. When all he needed to do is let the company go bankrupt and run back to China. Sorry but too many holes in this scenario.”
Not that I believe that Li is trying to plunder LQMT and run back to China, but assuming that is what he wants to do, wouldn’t it make sense for him to burn through LQMT’s cash by buying a building (that isn’t ready for manufacturing), buying machinery, etc. LQMT can’t go bankrupt while it has millions in cash on hand.
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