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Liquidmetal Technologies Inc. Message Board

  • stockmaster2002 stockmaster2002 Feb 16, 2011 5:28 PM Flag

    SEC states that LQMT will recieve no royalties from APPLE

    Stay out of this penny pump. LQMT gave up all royalty or license payments. This was a one time payment in August 2010. See SEC statement with the link below:

    http://biz.yahoo.com/e/101104/lqmt.ob10-q.html

    If Apple sell 1 million MacBooks with LQMT metal, LQMT gets zero dollars

    If Apple sell 1 billion MacBooks with LQMT metal, LQMT gets zero dollars

    If Apple sell 1 million iPhones with LQMT metal, LQMT gets zero dollars

    I could go on... you know the picture... stay away from this pump..See the SEC statement below...pay attention where it says FULLY PAID LICENSE.

    "On August 5, 2010, we entered into a licensing agreement with Apple Inc. ("Apple") pursuant to which (i) we contributed substantially all of our intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property ("CIP"), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. Upon closing of the foregoing transaction, we were paid a portion of the license fee which was used to pay off noteholders and fund operations. 90 days after the closing date and upon completion of certain support milestones, we shall be paid the remaining portion of the license fee."

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