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Re: arachnodude post# 216615

Friday, 03/05/2021 10:55:32 PM

Friday, March 05, 2021 10:55:32 PM

Post# of 275931
One...just one...with an order in for a large amount of product. So the question we really have to ask is : Is Kings really contracted to buy product...or to have the rights as soon as production is made? The way I read it is that Kings Group will be the belly button for sales in Asia but that doesn't limit KBLB's ability to sell elsewhere. They have agreed to $250Ks initially as a down payment...nothing says that has been paid by the way...and an additional $8mil in product later. That tells me that the $250k may be a good faith payment...whenever it happens...that KBLB will keep...but the $8mil is not certain if production is not there. Let's hope it is!
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