Thank you Watts for the thoughtful response! The partnerships and money is in place... Time to move into a full production mode for real customers... Real revenue!!
1) Visser gets an exclusive partnership and rights to all LMT technology in perpetuity. 2) Materion and Engel remain as non-exclusive partners 3) While LQMT is asking LQMT shareholders to be diluted potentially in the future up to 100 million shares, Mr. Visser get dilution protection on his PPS of 30000000 shares and the 15 million warrants.
In other words, our share value goes down and his goes up.
None of this was made known to the shareholders prior to the issuance of the proxy for the ASHM.
Any wonder why?
And the company said it had put together the basic agreement last December.
The Company is still operating under the MUSHROOM THEORY of MANAGEMENT.
1) Plant the new shareholders in a very dark place 2) Feed them lots of manure 3) When they start to grow (become long term shareholders) you cut them off by the roots (dilute them) and 4) Can them........(hope they go away without a whimper) 5) Look for new shareholders