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nealg

06/05/12 8:44 PM

#9390 RE: Watts Watt #9381

Watts,

Thanks for the info. So the shares are locked up until 2016 so Visser can't sell quickly to make his money back quickly. Which again points to being in it for the long term.

Neal

PS-Can't do PMs but I am not the person you mentioned in the PM.
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brikugi

06/05/12 8:55 PM

#9399 RE: Watts Watt #9381

The purchase of 30 million shares @ 0.10/share provides LQMT with $3 million in working capital. However LQMT is burning ~$1.2 million/quarter. Unless something drastic happens, which I hope for you all, LQMT will be back to square one in less than 9 months. If LQMT goes belly up Apple and VPC collect the spoils.