Replies to post #51315 on Kraig Biocraft Laboratories Inc (KBLB)

[manshoon1]

would you "well said" me if i said "kblb's going to be huge"?


did you think of that?

[es1]

It isnt really that exellent of a point.
It is the most obvious point there is.
We WILL get a LoI.
That is what a contract is.
It is what the paperwork before a contract is.
It is what the first contact in writing is in all business deals.

If I write a letter to you telling you I am wanting to buy your silk that is a letter of intent to buy your silk. If I write a letter to you telling you I guarantee I will buy your silk it is also a letter of intent as well but it is binding on me.

The question is not IF we will get a letter of intent. That idea is being put out there as an alternative to a contract so when the news is put out someone can say "its only a LoI".

When in fact the only thing that differs between a Typical pinky LoI and what people would call a contract is weather it is a binding LoI. By binding it you can call it a contract.

We WILL get a LoI but will it bind our client to a purchase or will it be a "One of these days we may buy some silk if our customer wants it" thing you see in the OTC all the time.

No matter what it is called we will have the regulars saying it is a carrot and only a LoI not a contract.