Tony Chung invested about $60,000 in LQMT for additional shares; if you want to describe it as the sexier, larger number...OK call it a million more shares. You want to say he is an insider and using personal cash to buy further in to the company and that is a very positive sign....that's fine too.
But here's how I see it. Tony Chung makes a salary of about $250,000 a year and does very, very little to earn it; a pathetic amount of effort and I'd say no oversight. At this point in time LQMT is really on the ropes. If they went BK on any given day nobody would be surprised. LQMT is receiving no help from anywhere, if you believe in the Maze...fine. But the Maze is not helping their little LQMT brother. It is a dire situation.
So if I'm Tony Chung and I want to preserve my do-nothing $250,000 salary, yeah spending $60,000 to keep it alive for what? 24 months? makes a lot of sense.
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