Friday, January 30, 2015 9:44:26 AM
It is the normal mode of business to business to sell things "on account"
where payment is not due for 30 to 90 days.
Also, for a start up with a new unproven product (the MS worm) it would simply be good business for KBLB to offer their eggs to a silk farm with a contract to pay a certain amount only If and When the worms have spun truly and the farm has sold the silk at a profit higher than normal B.Mori silk.
This would be a good business practice to establish KBLB as a premier supplier and would incidentally result in reportable revenue for KBLB after 60 to 90 days.
Mike L.
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