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es1

07/04/15 11:12 AM

#94047 RE: TRUISM #94021

Could've been a personal loan (or loans) to be paid back....



Personal meaning HE borrowed it for HIS purpose and HE is obligated to buy pay it back.

If a personal loan paid for the start up it was and is Kims money, debt, and obligation.

If he chose to invest his money in KBLB that doesn't make it other people's money. It is still Kims.

Any money loaned to the company is in the filings. If there was any there is proof of it.

Just like the tax man we need to keep a separation between a person and a corporation. They are not one and the same.

If someone loaned Kim $5M and he started KBLB with half of it and bought a new house with the other half that house is not KBLBs and it is not the companys debt