Replies to post #44923 on Liquidmetal Technologies Inc (LQMT)

[Spartan]

Steipp is such a moron for giving away the farm two times
God what an idiot...

[snidely]

You're famous Watts, you've got fan boys

[edburns]

Watts, looks like the anti-dilution applies only to the warrants which have a lock-up through December 31, 2016. So if Visser's warrants become diluted, wouldn't LQMT just have to amend the agreement and increase the warranted shares to reflect the dilution? In the agreement you provided, it appears they amended the agreement to reflect dilution before. With any dilution of LQMT, I don't see the need for a significant increase in the number of shares secured under the warrants. It would be a relatively small percentage of the outstanding. Maybe a few million...?

warrants to purchase 15,000,000 shares of common stock (subsequently increased to 18,539,762 shares under the anti-dilution provisions of the warrants) at an original exercise price of $0.22 per share (subsequently reduced to $0.18 per share under the anti-dilution provisions of the warrants), which expire on June 1, 2017. All of the shares of common stock issuable upon exercise of the warrants are subject to a lockup period through December 31, 2016.

[AliAz]

Full attribution to the The Real One and Only watts_n_a_name, excerpt from Visser agreement - but repeated from me just to spite the pumpers.

"Under the Visser MTA Agreement, we issued and sold to Visser in a private placement transaction (i) 30,000,000 shares of common stock at a purchase price of $0.10 per share resulting in proceeds of $3,000, and (ii) warrants to purchase 15,000,000 shares of common stock (subsequently increased to 18,539,762 shares under the anti-dilution provisions of the warrants) at an original exercise price of $0.22 per share (subsequently reduced to $0.18 per share under the anti-dilution provisions of the warrants), which expire on June 1, 2017. All of the shares of common stock issuable upon exercise of the warrants are subject to a lockup period through December 31, 2016."

Presumably, given the subsequent lawsuit currently in arbitration, this agreement might be settled for cash sooner than its expiration of warrants.