Hi Lebbe - I agree with most of your comment.
However, whenever KT has spoken of "another multibillion $$ arrow in the KBLB quiver" I've interpreted that to mean KBLB's potential sales and market penetration in those various areas of application for MS & DS and not PPS value of KBLB on a BO offer.
If KBLB were to penetrate these markets to the level Kim stated, then obviously significant increases in the FMV of KBLB would follow in any BO or JV offer.
There are two things KBLB needs to focus on to be considered a BO or JV candidate:
1.)Developing a robust supply chain from egg to fabric.
2.)Provide proof of the ability to mfg. a consistent quality and quantity of the various silk lines on an industrial scale.
No buyout or JV offer from any major Fortune 1000 company will occur until this "heavy lifting" has been completed by KBLB and demonstrated to a potential buyer - IMO.
It's reasonable to expect that after the "heavy lifting" is demonstrated, subsequent BO offer(s) could occur in late 2017. However, a JV could be announced much earlier.
Best regards - yankee