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“Can you post a copy of the contract to show where this automatically voided the contract?”
It’s basic contract law. Google ‘basic contract law’ or talk to a lawyer. Obviously nothing I’m going to say will convince you.
“I read it and remembered it.”
Your memory isn’t very good then. The only place that was written is on this message board by somebody making shit up like you are.
“Find it.”
You obviously haven’t.
Slinger: “but it is likely that the contract has been voided for failure to deliver."
Jetow: “Technically, you are making a swag at what you are hoping. Even you aren't stupid enough to think that argument has merit. Come on man!! “
You don’t need to make a swag to see this, just look at the contract and the SEC filings. The $250,000 and the 1 million shares were never delivered, thus voiding the contract.
You either have to be stupid or blind not to see this.
“"it looks to me" is an appropriate qualifier”
It looks to me that you forgot to add that qualifier to your own post.
“How do you know the deal with Kings is over?”
Webslinger pretty much covered everything in his reply.
Another clue would be the fact that KBLB hired Dorton to produce a useable material instead of SpydaSilk doing the research or hiring the expert like you would have expected from the wording in the contract. Yes, the truth is out there if one wishes to open their eyes and see it.
Of course, they could draw up another agreement, but it looks to me that King’s has moved on to greener pastures.
Hope you’re enjoying the holiday’s.
Maybe you should think about changing your name.
“Kim does know what he is doing.
He is building a solid foundation and not a big splash and then a fall.”
What the hell do you call signing a $40 million contract and never collecting a dime then? A belly flop?
“Do you really think it's untested?”
Does Kim really strike you as someone who is capable of thinking that far ahead?
“explain to me what debt IDCC has that does not go away upon conversion of the bonds”
Who said the debt doesn’t go away? If the stock price goes above $110 when converted then the conversion will cause dilution. Check page 29 of the 10q.
“Explain to me how shorting the stock increases the rate of return for the bond holders.”
Pretty much Convertible Bond 101 here. I suggest Googling it. I don’t feel like typing it out for you.
“They just keep digging the hole they will get buried in.”
That short interest could all be from the debt IDCC owes. Selling shares short is how the bond investors can increase their rate of return on that 3.5% interest they’re getting. I’m surprised that the short interest isn’t much higher with the number of shares that are attached to the bonds.
Also doesn’t make sense to me that IDCC would be buying shares now that the stock price is over the conversion price of the bonds. That would just cause more dilution with some of the bonds maturing March 1.
“What part of “silk from this production cycle” makes it unclear”
The definition this company uses for ‘soon’.
“That bundle of silk Kim was holding in the PR should be sold and reported on the next 10-Q.”
Nothing KBLB has ever done indicates they plan on selling raw silk yarn. So, even after Kim figures out how to produce a commercial amount of yarn you’re still going to have to wait for him to figure out how to make a commercially acceptable product with it. So far, we know he has come up with one possibly acceptable material(mostly cotton) to use the silk in. What he’s going to make with that material is still a mystery though. Don’t worry though, this is perfectly acceptable for investors since this is a new product and all.
For all we know the yarn in the picture was what was produced by GSS during their trial run over a year ago. At $300/kilo that’s about how much yarn I would expect to see with the amount they have listed as inventory.
“Think of it as running a business making widgets out of your garage and wanting to eventually hire employees and work out of an actual factory setting with room for new equipment etc…”
No, it’s more like you now have big shots with really deep pockets that if they want to own part of your company they will use all sorts of shorting games to lower the price while they accumulate shares. Seen it happen. Going to the NASDAQ will definitely attract the shorts.
Has nothing to do with getting out of a garage.
“the Nasdaq would be a great place to jump to…”
Don’t know why everyone thinks being on the NASDAQ would solve any issues. Just bigger fish to play games with.
Oh man, you got me there. Can you do it again?
Way to add to your useless post total. I bet you can’t do it again. smh
You had to go back almost three years to find anything useful that you had to add to the board? Smh. Thanks for making my point.
“could produce up to 2,750+/- square yards (20 lbs. yarn/1000 square yards fabric)”
Gauze weighs 30-50 lbs/1000 sq yds on the silk momme scale. So I guess if they are looking to make some really cheap looking material they could stretch it that far.
“but the good news is that the production process looks solid and once they get the optimal pairing they want”
Don’t know how they would do that without testing all of them in a live environment for at least a year. One test production run isn’t going to tell you much. Some may work better in the cold and others in the heat and humidity. Still just a big science project.
Take your wife shopping for some clothing material, pick up one of those bolts of cloth and tell me how much it weighs. That’s about what Kim is holding.
“40 to 60 kilos remains my best guess.”
You obviously don’t fill your own water softener. 10k maybe 15k at most.
Was your offer accepted already? In the US you would get your money back unless the offer was already accepted. Maybe you need to find a better broker.
“During October 2023, the licensee requisitioned material under the License Agreement. The Company will recognize related revenue during the quarter ending December 31, 2023.
It does, however, stand to reason that because the licensee has requisitioned some material, at least a portion of the 50k will ultimately be recognized as revenue at some point in the future.”
Future? Did you even bother to read what you yourself wrote? Revenue was obviously recognized in October. Get a clue.