"I don't know where you got that date from, but IMHO it's wrong."
I got my date from the "Effect" that was filed with the SEC. Where did you get yours? But, you are correct Sept. 7th is incorrect. I did not take into account for Labor Day. So, actually they can make their initial put during Sept. 1st - 8th. (This would be the first 5 business days of Sept.).
"The agreement became effective 28 June 2011 :"
Actually the agreement became effective on August 15, 2011.
" The foregoing Letter MOU together with the attached and incorporated Term Sheet is approved as of this 28 th day of June, 2011 : "
You see, with all due respect, this is where you made your mistake when calculating when KBLB could make their initial "put". You are confusing the "Letter Agreement" with Calm Seas with the S-1 filing with the SEC. The S-1 was not received by the SEC until 8/01/2011 and did not become effective until 8/15/2011.
As for when KBLB can make their subsequent "puts"
From the 424B3 filing with the SEC;
"We may only "put" shares at the beginning of each calendar month, unless Calm Seas accepts an additional "put". ( Did you notice the "only", I think that would be considered a restriction...don't you?).
You can verify the information I provided by following this link:
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