"Will he expect remuneration directly after the offering?"
yes...kblb will be flush with $24 mil in cash...think kim wont be generous with himself when it comes to money he is "owed"?...
he may not pay himself back the entire debt, but im sure he will see fit to pocket a million or two...
he certainly made sure to make it clear in the s-1 that the money could be used to pay back debt kblb owed...and kim is the only one that kblb owes money too..
"The NASDAQ will likely be asking multitudes of questions going forward."
lets face it...with the s-1 and r/s looming, and there being no bod seated as yet, along with no product being produced, no sales, no revenue, literally no nothing, if the Nasdaq has any real standards at all, theres no way they can allow kblb onto Nasdaq...
"Just makes me wonder if the is the best deal Kim could've sought out."
it probably was back in July/August..when he thought he'd have mass production by Oct/Nov and no one had ever heard of covid-19...all his previous scenarios about how things would go got shot to pieces...
I think he built up the webcast into a circus event hoping that it would take the place of there being no production...of course it failed miserably...
and now time is running short...he knows damn well that the new BOD would NEVER sign off on the fiasco he is putting together with the s-1, r/s and up list...and yet he HAS to seat the new BOD because its a Nasdaq requirement..
so if kim wants to make a money grab, its now or never...and that's all this is anymore...its just a pure money grab...kim has no production and he has no real news...but he desperately needs cash...no matter what..
"I recall a time he was working on terms with a New York financier...Quite some time ago...Which he took off the table, citing it would've taken an undetermined time and shareholders were getting a tad antsy."
some said the terms weren't appealing to him...my guess is they wanted kim to be on the hook for some of the loan and of course he said, hell no...lol
and no other debt financing was ever heard of again...
