Kraig Biocraft Laboratories Inc (KBLB): The Calm Seas agreement had terms basing...

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Kraig Biocraft Laboratories Inc (KBLB)

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Re: kblbpatience post# 24539

Wednesday, 06/15/2011 11:11:29 AM

Wednesday, June 15, 2011 11:11:29 AM

The Calm Seas agreement had terms basing the price it paid for shares on a percentage of the lowest closing price in the 5 trading days following notice by KBLB of a withdrawal. Calms Seas felt it had an interest in exerting some degree of control over PR to prevent KBLB from just issuing a bunch of fluff PR just before every withdrawal.

That IMHO fully explains why Calm Seas wanted control over the selection of KBLB's PR man.

If I was in Calm Seas position I would want exactly the same thing, nothing sinister at all about it.

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