"In the event the BOD's want to go in a different direction han Kim does?"
the BOD is above the ceo...they, as a majority, can supersede the ceo...they can also fire the ceo if need be...they are elected by the shareholders and have a fiduciary duty to the shareholders..
kim alone hired these BOD's....but at some point, they will be up for election by the shareholders...or new ones will be elected...
"Kim convened with the yet to be seated BOD's and expressed the direction...Opposition or not at this point, they aren't officially seated."
nope...nothing the BOD can do...and nothing that happens is on them...
my guess is kim wanted to fill them in on what he wanted to do and gauge their response to see if he had to act now or had time...
hes acting now..soooooo..
"Would they have given the "thumbs up," for Kim to be carrying KBLB for months upon end?"
I think they would have frowned at the fact that it even came to that...because they know it didn't have too...and I doubt they would be pleased to know the manner in which kim chose to fund the company...selling free shares and then loaning the money to the company, putting them into more debt...to him....instead of just selling authorized shares with the money going directly to kblb...pretty self serving..no matter what the reason...and certainly NOT in the shareholders best interest...
"Hence part of the decision to delay making things more of a reality sooner."
agreed...theres no way the BOD would see any of the shenanigans that kim is currently doing as being in the best interests of shareholders...
kim is just going for broke...if things go well, not so well, badly or get completely trashed...oh well...kim still comes out of it with $24 mil cash..
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