Replies to post #28484 on Kraig Biocraft Laboratories Inc (KBLB)

[ZincFinger]

What you conveniently ignore is that the CSC agreement is a line of credit agreement which KBLB could walk away from at any time whatsoever. For example, there is a real possibility of sales this year from the product produced "as a result of the ramping up of the population of Monster Silk worms to production levels" (i.e.: short fibers for chopped/swirled strand type products from holed cocoons from which breeding moths have emerged (otherwise just a waste product from the breeding) currently being evaluated by a company in the security and structural integrity industry for its products. Once it starts getting income KBLB could just cease withdrawals from CSC.

Or it could simply switch to a better source of cash at any time by merely halting use of the CSC agreement.

PLUS you ignore that the first CSC agreement was expiring and was renewed NOT because the cash was all used (there was considerable remaining) but because the time period had expired.

All of that has already been pointed out to you a number of times before and you continue to ignore it and talk as if it did not exist without acknowledging it an any way and continuing to present "problems" that are nullified by it.

[longnsteady]

"I have already provided examples.."

I have gone back and checked previous post and have been unable to locate the examples you say you have provided. Could you supply them again?

"is there any possible reason why they would once again go back to a bottom of the barrel financial institution that is treating them like dirt?...seriously...does this make any sense?.."

Actually it makes very good sense....by going back to CSC they only needed to renew their existing contractual agreement. By doing this they saved a huge amount of time and the pace that kblb is moving at with the ZF insertions the one thing they can't afford is to loose time due to not having their funding in place. If they had to start from scratch with a new VC it would take many months before a new agreement could be agreed upon.

"and once again ill go back to sial, you know, their " partner"...the one lending all that credibility...the billion dollar company that investigated kblb and its finances...the company that apparently has decided against putting money into kblb...you know the kblb that is a billion dollar sure thing?..... shareholders here are the ones that have made such a big deal of sial's "partnership" with kblb...if that relationship is even close to what some think it is, i should think kblb would not have to worry about the chump change they need..."

There is an easy answer to this question. SIAL is not in the business of loaning money. They are in business to sell their products but, they apparently do not just sell their products to every Tom, Dick and Jane research and development companies. Thus, the reason why they sent their team to the lab at Notre Dame to investigate kblb's claim of creating a recombiant spider silk from a silk worm that was 80% as strong as native spider silk. After their investigation they were confident enough in kblb's science and their scientific breakthrough that they entered into a contractual agreement to supply kblb with their ZF technology to further their research and development in creating pure spider silk from silk worms.