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The Paraclete

01/10/21 11:21 AM

#208350 RE: Out The Window #208344

It was never Li’s intention to drive LQMT into the ground. That is a fiction that arose from conspiracy theories posted here. And if all he wanted was access to the patents, he could have licensed them at a cost that is far less than the $64 million he paid for his stock in the company.

So I agree:

Common sense isn’t very common on this board.

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yamasushi

01/10/21 11:50 AM

#208354 RE: Out The Window #208344

100% correct, before he bought 46% of LQMT he had approx 235mm shares of Eontec, then he sold off big chunks to buy LQMT and sold more big chunks to invest in "the maze", where he either owns outright or between 30-65% ownership. He also just recently sold off "another" 10mm$$$ worth of Eontec for unknown reasons.
I don't know the exact quantity of Eontec he currently has( they did a 1.65/1 split recently so he was given 65% more shares), but its dramatically less than 4 years ago.