These are some of Jimmys Q's. Post#20146.
It even said Eternal on it and I skipped over it each time.
Maybe I should'nt be an asst. mod. If anyone abrev. my name I would prefer Champion. jj.
And to begin today,
Taco is right.....here we are...
and as others have wrote, we've done a ton of DD, over and over and over. So we are left to pick apart eachothers posts instead of discuss any new topics (because there is nothing new really) in a healthy manner. Most recent info was the trademark news/info that came out 05/10 and before that the SIAL deal, which BioDoc and Zinc have been great contributors on. I think we are all just getting antsy/frustrated with waiting. JMO.
I answer in Blue. I honestly can't answer all your questions Jimmy and you have valid points. In no way are my answers here to be considered the "final" or "end all" or "only" way to view these topics. These are only my POV.
If anyone else has answers to any of these, or can expand the topic in an civil manner please do.
JB wrote:
Sure RT & Eternal, lets start here:
1) In prusing all the documentation available, I have come across what appears to be "Directors" to the company, all related to Mr. Thompson. Can you please confirm that there is or is not a BOD in operation, and if so, who the members are? In past filings, directors are listed and appear to be "family memebers" of the CEO, but then they "disappeared" in current filings. –News to me/I hadn't noticed-Please source, I'll start looking through all documentation available but it's quicker if you source please.
2) A minor tangent off the above, there have been PRs related to a "Business Advisory Board". In researching this a bit further, I have not been able to confirm/deny the individuals stated as joining this "Board". Is there a way for some outside collaboration on this? Additionally, what is the role of such a "Board", when are they meeting, what is their compensation arrangements and how is the "Board" structured and defined purpose? Why has the webpage not been updated with these individuals yet?
It was Confirmed (IMO) by reading a publicly released PR from a company that has a Large Cap global investor, a documented genius CEO and has been held in the respect and the home of NotreDame. And denied (IMO)by no one, at least not that I've found (and I look all day every day). Any one can issue an article of defamation if they weren't a part of this. It's an easy claim to dismiss and both an extremely costly mistake and an easily proven offense if it was untrue.
3) What's their role?
The key is,Board of ...Advisors not Directors or anything else...so far as we've been told. They give advice in the realm of their expertise wherever it may apply. The thing about being intelligent (or a genius as in Kim's case)is knowing your limitations and the ability to ask others (professionals in their field) for advice. To just assume or try to wing it would not be a genius maneuver. IMO. I feel the relation of the advisors is a bit more relaxed then we think. As to any structured pay or compensation, that is a valid question.
I am a bit confused as to the role, relationship and involvement with KBLB of the "IR consultant". Could you provide me with some background as to how he was enlisted, experience, compensation and any restrictions provided, length of contract, contract description as to roles, responsibility, time involvement, expenses paid or incurred by company or him, etc. etc. It appears that several million shares of stock have been provided this individual, are they available without restriction and if there are restrictions, when do they become available. Additionally, it appears this contact was up in Jan 2011, has it been renewed and if so, where is this mentioned in the current financials as to compensation? This IR consultant also appearently is tied into Wikiloans as is a number of current shareholders and "bridge loan" entities. These individuals/entities also appear to own some of the penny stock newsletters of which have recently (last couple weeks) begun a campaign again, possibly inflating the current pps. Some clarification as to these relationships is requested.
IR questions seem good to ask Kim. I don't know. Anyone else?
4) In respect to the patent(s) held, applied for or in the works, please clarify what the "Company" will or does hold exclusively and who (whom) the other patent holders are and the arrangement and duration of any agreements between these parties. Considering the current change in possible direction of the CEO to potentially move the lab away from the Universities, clarification as to how these operate in regards to future "revenue" or "payments" is appreciated.
We have gone over the patent info over and over again, you've been here you said. From Wyoming Orbs to Frasers Piggy Bac to Notre Dames patents over the most of the projects ingredients to Sigmas license to Sigmos license to Sigma. To even the trademarks posted, we really have covered it. The venue doesnt change the patents. Patents are specific to product not venue. And exact figures should be asked to be dislosed if they haven't.
5) Based on the funding sections of the financials, I see that warrants have/could be issued for drawing on line of credit. Are these warrants unrestricted and are they provided each time $$$ have been drawn from the LOC vehicle? It appears that several million shares have been "released" very recently (see #3)
2nd part of #5. I believe we’ve posted about “planned” sales from Kim through his contract agreement. We discussed it as most likely that. But again, valid question for Kim to know for sure. As Reagen said, “Trust but verify”.
6) Based on filings, there are 10bil AS, does the company offer any private share offerings, restricted stock, or preferred shares? If so, what are the program conditions for qualification? Additionally, if these shares are to be used for "deals", what are the details and restrictions of such? If the CEo believes thiat this company is not a "penny stock", are there plans to decrease the AS? There was no discussion or details in the current financials (again).
7) Additionally, although we have heard otherwise, the CEO has had several "planned sells" and we were told that they were not implemented, however there is now a discrepency of several million shares (decrease) in CEO's holdings on current financials. Clarification on this? Question 5 asks this in part two of question 5, doesn’t it?-Still on this one I can't and don't have an answer-that is a good question for Kim to answer.
I would add to the list:
8) Why didn’t you file for SPIDERSILK as a trademark? Recently I found a Canadian company filed for it and secondly AmSilk (a German research company) filed for it.
They are both in waiting. If we filed it with the other marks back in Oct. we would
be first in line for it. (whether it’s a valid mark that can be approved or not) I think we should have put it in. Although I prefer Silktanium and no ones taken it yet. Oh prob someone is now as I speak.
GO KBLB.
Kim you got some splainin' to do. lol
