Replies to post #121987 on Kraig Biocraft Laboratories Inc (KBLB)

[bananarama]

Great input, golferman. Thanks.

[igotthemojo]

"He can also only access $200,000 twice per month..... So the total money available is $400,000 from Calm Seas with this deal, ending on June 5 2017"

i read it as one "or more" additional puts if csc agrees...which can mean any amount..

"Notwithstanding the aggregate $200,000 ceiling for monthly puts under the Letter Agreement, if both we and Calm Seas agree, we may submit one or more additional puts during any given month to the extent we need additional capital for our operations and/or our product development"

[es1]

That sounds very logical to me golfer.
Things like paying off owed salary would defiantly be something any new financial deal would want cleared up.

I am a believer that a JV between a major textile producer in VN and our subsidiary is coming where we supply the silk at a discount and they supply the money to start up is coming.