Kraig Biocraft Laboratories Inc (KBLB)

[qazart]

What's more, TRUTH, is the statement

in exchange for a 4 year firm commitment to purchase up to $32 million

Note the emphasis on "firm"; as if they took their conference room negotiations and typed them into the PR.

K: We want you to agree to buy 35 million dollars worth of silk.
M: The best we can do is 32 max.
K: Ok, but make it a firm 32!
M: Sure, and if your stock goes up, we might have an additional 8 mil to invest.
K: Let's do it!

Do these guys not write and sign contracts? This wording just strikes me as weird.