Sunday, May 29, 2016 12:12:28 AM
well the pps is currently in the single penny range so its hard to argue that that didnt occur anyway...
"One might make the case that Kim Thompson did exactly what you wanted him to do and I said was unlikely. His arrangement with Calm Seas....."
his arrangement with calm seas is nickles and dimes rather than large lump sums...it gives the impression of frugality but imo is just wasteful and a very slow way to build the business...so no, he didnt do what i was suggesting...
"But the amounts we are talking about here are small compared to the equity that has been put into Bolt Threads, which is why this arrangement was possible. "
its not so much that the arrangement was possible so much as it was the only one kim chose to utilize...thats why he went public at such an early stage...he fully intended to finance the company with penny stock shareholders money...and dilution was the method...
im sure kim thought he would be much further along by now but hes stuck with what he has now...
bolt threads is able to attract the financing they have because they are private...their investors and vc need only concern themselves with the viability of the company...they will profit when the company goes public and they sell their shares...
"The best I can determine is that you would have been willing to loan the company $5 million after getting assurances from your team that the silk was real."
as i clearly stated, a private investor would need to have kblb open up everything to examination by the investor's experts...if the result was that they were convinced of kblb's viability, then a deal could be made...
"If I had $5 million (which I don't), I would wonder what was stopping me from hiring a biomedical engineer to replicate the gene splicing that KBLB has done. "
vc and private investors do what they do best...they provide capital to allow others like bolt threads to do what they do best...having money doesnt suddenly make you capable of creating a successfull biotech company anymore than being a lawyer with a triple 9 brain does...
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