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igotthemojo

07/22/21 2:56 PM

#226858 RE: Darryl_T #226856

"perhaps you fail to realize that " Dupont asked Joe Cunning to go work for kblb."

joe never worked at kblb...and joe hadnt worked at dupont for 20 years when kim asked to use his name as an "advisor" on their website...

"Have you given any thought on this."

i have given more thought to the ongoing battle between left twix and right twix...

"What would happen if words got out that Dupont sent a current employee to
talk with KBLB?"

im more interested to know what would happen if kblb ever actually made and sold any silk...
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WebSlinger

07/22/21 3:09 PM

#226862 RE: Darryl_T #226856

<< Dupont asked Joe Cunning to go work for kblb. >>

What a bunch of BS.

Joe Cunning left Dupont in 1991. He didn't start consulting for KBLB until 10 years later (in 2001).

https://www.linkedin.com/in/joe-cunning-3924787/
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DimesForShares

07/22/21 8:52 PM

#226881 RE: Darryl_T #226856

I'm getting the story now.

In 2011, DuPont realized that KBLB would, a decade or more down the road, be successful. So they sent a 70-year-old Joe Cunning to lay the groundwork.

Over the next 10+ years, DuPont could have stepped in at any time, announced a joint ventureship with KBLB, helped them along, and then been able to propose a merger on friendly terms. Instead they kept their interest quiet to prevent a stampede so they could purchase KBLB for the bargain price of $20 billion, a mere 224 times more than the current market cap. Imagine the stampede that might have happened if everyone knew DuPont was interested!

Fortunately, Cunning lived another 10 years, even though he didn't last that long on the advisory board of KBLB. But when KBLB wanted an infusion of cash, DuPont once again kept things on the down low. If their interest had ever been detected, they might have been forced to pay an extra billion dollars for KBLB?

Seriously, a great and foolproof plan.