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Re: Michael Weston post# 27338

Wednesday, 07/20/2011 9:57:34 PM

Wednesday, July 20, 2011 9:57:34 PM

Post# of 285525
As has been pointed out here numerous times, the Calm Seas agreement is a line of credit agreement: KBLB draws money when and IF and AS it needs to.

So if a couple of months is all they need, that's all they use.

It would be insane to make an agreement for only a couple of months and then, if a deal didn't come thru on time, have to go back and do another one.

It's really hard to understand just how you could have missed that, considering how often and in how much detail the "line of credit" aspect has been discussed here (literally dozens of posts). A bit short sighted at best, IMHO.
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