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tnyellowtomcat

07/13/21 12:29 PM

#215142 RE: Garyedward71 #215141

Gary,

I agree with all you are saying. Apple paid LQMT $20 million & LQMT was out of money and options at the time the deal was signed. Back against the wall!

A rescue and a poor bargaining position thing.

My memory of it - Tomcat
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SC8

07/13/21 2:39 PM

#215171 RE: Garyedward71 #215141

Alternative was LQMT bankruptcy, hence Apple could dictate any terms they wished. Without that deal we wouldn't be talking about LQMT now.