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Eskaminagaga

03/07/16 4:55 PM

#104146 RE: bananarama #104143

I think that will probably happen, honestly. I believe that Kim will likely sign a couple contracts with apparel companies and maybe even release a limited run of a new style of shoe or shirt with the little bit of good quality silk that he can produce over this next year similar to Spiber's strategy. I also hope to see Warwick Mills release some tactical apparel that uses a good blend of Monster Silk and other fibers. Hopefully it will be enough to generate interest to get some cash upfront for guaranteed exclusive sale of fiber over a period of time. That is what I would aim for if I were in Kim's shoes.

jetow

03/07/16 5:49 PM

#104151 RE: bananarama #104143

Bob in my opinion it's possible to sign a contract contingent on anything both parties agree to. So I say yes they could.

ImjinBridger

03/07/16 7:02 PM

#104154 RE: bananarama #104143

JMO Bob, but I think companies would be anxious to sign on to that type of contingency deal since it would allow them to be first to market and possibly be the only ones in their particular market to sell spider silk based products for possibly quite some time.

Last summer I asked Jon if when these promised contracts were announced would we hear the names of the companies or just something like "a major athletic wear company." He told me that the announcement would include the names of the companies. I don't know about you but I'm very excited to find out who will be first and what that will do to the stock price.

Kim's original time lines of Vietnam deal by Q3 and contract(s) by end of year that should now put the contract announcement at end of May or before. At least that's my logic on this.

es1

03/07/16 8:40 PM

#104159 RE: bananarama #104143

I also agree with you here Banana. I would think that kim was expecting a contract but would not sign without the production ability. That is a wise move.

I think i speak for many when i say if they were expecting VN at the end of Q3 and a contract by end of year we should expext a contract by end of q2 now.

I would think that the contract might need to be written again to account for date changes but it should be shortly after we get our facility.

I would also expect the same thing for the lease. Kim should already have the site picked.

Need that subsidiary PR. 15-60 days optimistically