News Focus
News Focus
icon url

ZincFinger

05/29/11 2:58 AM

#21900 RE: manshoon1 #21896

RE: zincfinger: "Thirdly the agreement specifies "during the five consecutive trading days immediately following the date the notice of our election to put shares" That's NOT the date the shares were issued but the date the notice was given. If the notice was given the 18th the five trading days would have been 19th, 20th, 21st, 22nd and 25th (the 23rd and 24th were the weekend and not trading days."



Manshoon1: "I KNOW AND I FRIGGIN MADE THAT CLEAR, but we do not know when that notice was given do we?...."
--------------------
Actually we do know,because the 18th is the only day of notice that would give a calculated result that would explain the price of the shares issued. YOU were maintaining that there was a discrepancy and YOU say you don't even know the date of notice and yet YOU didn't even bother to check to see if there was a date that would fit the figures. A most peculiar omission if you were genuinely concerned about whether there was a discrepancy or not.
--------------------------
RE: "you are quoting a source that does not give exact closing prices....... share price didnt dip under .11 til november(closing price)........."

I quoted a source that gave a closing price that was consistent with the calculation within the significant figures it used.

You quote no source whatsoever and you used a price with the exact same number of significant figures as my source did. So you were not even capable of determining whether there was a discrepancy or not yet you made a huge fuss about there supposedly being one! My conclusion is that you are just pure BS.

I will also note that even it the discrepancy you were making such a fuss about had been real it would have been less than 5% off. Are you trying to make something out of nothing or what?!

RE: "I think it is quite obvious that kblb has already used all of the equity line of credit..........all those things kblb is issuing shares for services for, are supposed to be covered in the equity line of credit..."

More BS. If KBLB issues shares to anyone other that Calm Seas for services it is not coming out of the line of credit period! There is no requirement whatsoever that KBLB only pay for things using the line of credit. You complain that KBLB doesn't have enough money left in the line of credit yet you also complain if KBLB wisely uses other sources to pay for services in order to preserve that line of credit.

-----------
RE: "ol, do you know who you are talking to......monster silk is a hybrid, part native silk part spidersilk......now you claim that zfn's are necessary to make a better silk than what was announced on sept 29th.....necessary? no come on....one process is hybridization and one is targeted genetic modification, yielding two highly different products........the heralded scientists felt they could create a silk stronger than native spider silk with piggybac,,,,......I take/took dr fraser's word for it that additional improvements would be easier etc.... but i'm "short sighted" taking a scientist at his word......"

I did not say that at all. In fact I have noted several times here that the Monster Silk could be further improved. What I DID say was that it is impossible to get PURE spider silk using the piggyBac and I gave a very detailed explanation of just exactly why that is. But apparently you didn't even bother to read that.
-----------
RE: "plz dont talk about entogenetics"

Why, because it would show the concerns you tried to raise about it are groundless? Too late: you raised the issue and I've already refuted it.

icon url

longnsteady

05/29/11 8:33 AM

#21911 RE: manshoon1 #21896

The problem with interpreting financial's is that they are prepared by CPA's. Therefore, unless you are a CPA or at least someone with an extensive background in accounting it makes it very difficult to interpret them correctly. Just like you have to hire an attorney to interpret a legal document you need an accountant to interpret a financial report.

I feel that is what is happening here. We have people trying to interpret a document that are not qualified to interpret it in the first place. I don't know maybe a good analogy would be an accountant trying to launch a satellite because they have read a technical report on how to do it.

There is a reason why companies pay large amounts of cash to CPA firms to analyze financial reports. They are designed that way.....if they prepared them in laymen's terms they would be hurting their profession.