One thing for sure. There are so many dots being revealed last 6 months it would take a blind eye to not see that Lugee is on the move for something big.
Joshua on Reddit:
This is 100% speculative view base on recent factual events
Folks......throw rocks and tomatoes at this dream scenario.
*‘LQMT’, a BMG IP company, creates ‘LiquidMetal Global Ltd. (LMG)’, a BMG global investment firm.*
*LMG issues 100% non-voting stock for $14 Million to Lugee (who got fundings from selling 2% of Eontec shares) and issues debt securities (financed by private financial institutions) to LQMT for $86 million (which placed lienhold on Lugee's Eontec holdings for $51 millions).*
*LMG then purchases a "****BMG plant****" for $100 million and* *leases* *it to LQMT for $3 million per year (3% CAP rate) for 5 years. LQMT plans to utilize that plant for BMG production to a* ***WHALE contract****.*
*At the end of the lease term, LQMT must either renew the lease for 5 years or purchase the "BMG plant" for $100 million or sell the "BMG plant" to the third party.*
*Also, if LMG is unable to repay the equity investor, then LQMT pays $14 million to Lugee.*
*In the above example, the below factors point that company LMG is a VIE, and company LQMT is the primary beneficiary.*
* *Equity owners do not have the power to direct the operations of the entity.* * *LQMT has bought debt securities of LMG, which constitutes a majority of the investment.* * *LQMT has the power to direct the activities of LMG, which is to lease the "BMG plant" to LQMT.* * *LQMT is exposed to the variable returns as LQMT has an obligation to absorb the losses or receive returns from the lease agreement, which is the significant activity of LMG.* * *LMG receives only a fixed fee.*
*Hence here, LQMT has to consolidate the Financials of LMG along with itself.*
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