That is correct, because Li is the owner of LQMT, not Eontec. Li has the incentive to make LQMT profitable, which he is in process of doing. The statement in the Eontec report speaks to a spin off of Enotec (should the BMG market get large enough). It has nothing to do with LQMT. And it is only a hypothetical question, which is a long way off.
Remember Li pledged his LQMT shares back to Eontec if, and only if, LQMT becomes profitable (probably for a number of quarters). By that time the stock will be in the dollars and most here will be gone with big profits. Li will then be rewarded by Eontec for opening up the western markets to LQMT.