“If one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement.”
This is true, but it has NOTHING to do with the Kblb and Kings contract…kim himself stated that Kblb was unable to produce a quality, consistent product that met his standards for commercialization…he eventually got rid of GSS altogether…and he spent the next few years trying to solve the various problems…it was not until Dr Kumar arrived that real progress was made…
The idea that the problem was that the kings didn’t have the money to pay for the product is utterly ridiculous…
Kim thought he was ready to mass produce when he signed that contract…he wasn’t…and 4 years later the contract expired without one cent being made by anyone…
That is a failure…and no matter how you try to convolute the situation and pretend it was someone else’s fault, kim himself has already admitted his failure in that contract…so I’m not really sure why you are on this crusade to save someone who has already admitted his failure…
Trying to place the blame on the kings is foolish nonsense…
“ "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."
The JV was a 5 yr commitment…the contract was 4 yrs…that was so a new contract could be negotiated and the JV extended…it was not done in anticipation of failure…lol
Bottom line, the JV remains in effect and the contract ended in failure…
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