"Due to the CSC requirement as part of the deal:
1. KBLB gives a 20 percent discount to CSC-FACT (not disputed as fact,never has been)
2. KBLB has to maintain IR related to CSC -FACT (not disputed as fact, never has been)
under condition 1, 11.8 million shares were exchanged for 545 ,000 in cash
under condition 2, 30 million shares were given to maintain qualitystocks, and now Ben hansel as part of the agreement.
Total costs 41.8 million shares, in return= 545 ,000 cash."
Well seeing that you are one for getting the facts straight let's ponder your statement. I have seen you use this example several times. So your assumption is that KBLB has issued 41.8 million shares for $545,000 cash and nothing more. You see this is where you are mistaken....the additional 30 million shares you so enjoy to include in your voodoo math were for services and future services rendered. In your misguided figures and computations you give no monetary value to the services provided by the IR person or firm for the services they have provided to the company. You also have to remember that when those 30 million shares were issued the stock was trading around $0.01/share. You see where I am going with this????? You have conveniently left out $300,000 for services rendered by the IR person and firm. Thus, the correct figure is that 41.8 million shares have been issued for $545,000 cash and $300,000 for services and future services rendered.
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