Hi Manshoon, Rayovac,
Both of your posts have some validity.
Rayovac points out that KBLB has not been using the puts to CSC in recent months.
But as Manshoon says, they may be using this cash source right now and we will only learn if and how much after the fact.
KBLB's 1st quarterly report (10Q) will be out soon and we will have more recent facts from that.
I agree that CSC seems to be acting as a conduit, not an investor, but CSC can only sell shares that are put to them by KBLB.
In the absence of exact and current facts and figures it is easy to speculate on who is selling and who is buying but it is ALL only speculation.