One could make the argument that LQMT Valencia is a Chinese asset being held abroad. 46% certainly, with effective control under a Hong Kong holding company which was ultimately financed by the State. At least the Chinese State and the CCP could make that argument to LL and win it. Probably would not need to make an argument. Would be an incentive to improve the financial performance and even get back the whole $64 million. Nothing else has worked to inspire this company.
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