Good job, Kubisiak5. You got the story down perfectly. So Barney Visser's 51,000,000 LQMT shares are now worth around $19,000,000. And how much did he lend LQMT in cash which they paid back in shares, plus any actual buys held by Furniture Row included in that 51MM? I think the loan-debt was swapped out at $0.10 per share.
It's all working out great for Barney. When they settle the arbitration, he won't have to wait for the existing expiration date of the lock-up period. After all it was LQMT who sued him first. Maybe that was the original plan both parties signed-up for (figuratively of course). I expect it will work out for the Cayman Funders too, cause they will have Barney's shares...at least of a short while.
Surf's up! Do have fun riding the foam, but be warned that the undercurrent in these waters is deadly. And there are rocks...hard, sharp rocks on the bottom. Keep your head up and watch the shore. If it starts getting smaller, swim like your life depends on it. Davy Jones has his eye on us.
Then again, you can hold on and float out to sea. Who knows what lies beyond the horizon? In fact it sure appears like that horizon is getting closer. But that may be a mirage, I suppose.
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