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Re: igotthemojo post# 28484

Wednesday, 08/10/2011 6:52:36 AM

Wednesday, August 10, 2011 6:52:36 AM

Post# of 278151
What you conveniently ignore is that the CSC agreement is a line of credit agreement which KBLB could walk away from at any time whatsoever. For example, there is a real possibility of sales this year from the product produced "as a result of the ramping up of the population of Monster Silk worms to production levels" (i.e.: short fibers for chopped/swirled strand type products from holed cocoons from which breeding moths have emerged (otherwise just a waste product from the breeding) currently being evaluated by a company in the security and structural integrity industry for its products. Once it starts getting income KBLB could just cease withdrawals from CSC.

Or it could simply switch to a better source of cash at any time by merely halting use of the CSC agreement.

PLUS you ignore that the first CSC agreement was expiring and was renewed NOT because the cash was all used (there was considerable remaining) but because the time period had expired.

All of that has already been pointed out to you a number of times before and you continue to ignore it and talk as if it did not exist without acknowledging it an any way and continuing to present "problems" that are nullified by it.
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