Be Careful Of Liquid Metal OTCBB: LQMT
LQMT rose 41% on Friday and almost 100% in last few days. Rumor has been floating around that Apple will use the Liquid Metal technology in the Iphone 5. Maybe they will, but it won’t make LQMT any more money. The 8K filed with the SEC on 8/9/2010 shows they got a 20 Million dollar Payment FULLY PAID
Item 1.01. Entry into a Material Definitive Agreement.
On August 5, 2010, Liquidmetal Technologies, Inc., a Delaware corporation (“Liquidmetal”), entered into a Master Transaction Agreement with Apple Inc., a California corporation (“Apple”), pursuant to which (i) Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary (the “IP Company”), (ii) the IP Company 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) the IP Company granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use (together with all ancillary agreements, the “Master Transaction Agreement”).