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The Board must be seated prior to the registration statement being declared effective. Perhaps one or more of the proposed board members forced the control provision change prior to agreeing to be seated/installed? Still quite annoying to have Kim authorize the R/S in the stated manner, but some of you called it perfectly.
To wit: "A number of these rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies."
From this page... https://www.sec.gov/fast-answers/answersquiethtm.html
But it does not specify which rules are or are not (most) available, thus the question remains unresolved it seems.
GTman1, lol, I feel your pain on the editing time limit! We jam it all in, then knowing we can do a little better, keep tweaking and refining until, damnit, time runs out. Thanks, longrider
again...no one wants to touch the s-1...everyone more than willing to talk about the r/s and up list not happening...but the s-1?..silence..
Heck, man, it's been beaten to death, hopefully understood by now that it is still fully in play subject to a SEC approval via declaration of effectiveness or declination with comments subject to KBLB response. In addition, KBLB will soon be required to submit advance notice 14-A for a then required subsequent KBLB ASM (assuming the RS authorization expires in a few hours).
Also, following the filing of an S-1 Registration Statement, the SEC completes its review and sends comments to the company regarding the disclosures, The company is then required to file an amendment to the initial S-1 Registration Statement, that includes a response letter to the SEC’s comments. The SEC will then review the amended Registration Statement and response letter and will furnish the company with additional comments if necessary. This can be a lengthy process which can continue until the SEC is satisfied that its disclosure requirements are fulfilled.
SEC response times to the registration statement vary depending on a number of factors including the complexity of the specific filing and state of the market at the time of the filing, among other factors. However, the SEC has reported that its goal is to respond to the initial Registration Statement within 4 weeks. Once the SEC declares the Form S-1 effective, the company can complete its going public transaction by filing a Form 211 with FINRA to seek a stock ticker symbol. Unlike a registration statement on Form 10, Form S-1 creates unrestricted shares. As such, with the proper structure, the Company can meet FINRA’s requirements. Companies not qualifying for a stock exchange often elect to go public on the OTC Markets OTCQB or OTCQX.
longrider...glta
Nimbus, please read my post 195703. It was firmly stated earlier based on filings to date that a 40:1 RS was happening. However, now under History at the following linked website the last 3 filings tell the tale... https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=119182218106001072036176105234192208133015218142 So, it appears as of this afternoon, the filings to put the RS in place were done on 7-8, modified on 7-16, and rescinded today, so as of now, it appears no RS...but no guarantee of anything with KBLB.
Received today just before 11am and filed for record 2:16pm...thank goodness they didn't dilly dally around like they did the earlier July filings...
Timelines:
Received 7-6 @ noon, filed for record 7-8 2:18pm
Received 7-10 10:30am, filed for record 7-16 10:21am
Received 7-20 10:45am, filed for record 7-20 2:16pm
And, yes...KBLB could do several of these before 7-23 expiry of authorization...maybe the new unseated board member(s) gave him some good advice?
Remember this?
--------------------------------------------
jose0505 Monday, 07/20/20 10:52:04 AM
Re: None 0
Post # of 195725
Mark my post
40-1 split
and this?
jose0505 Monday, 07/20/20 11:01:41 AM
Re: None 0
Post # of 195725
Fact is:
40-1 r/s coming .. confirmed 07/23
Book it...
Now let’s see what else comes
--------------------------------------------
Methinks it pays not to be to certain around here, much less grandiose or overconfident...
RS amendments cancelled...read them sequentially...it is pretty clear to me.
July 8 amendment put RS in effect as of 7-15
July 16 amendment moved effective date to 7-23
July 17 amendment cancelled both July 8 and July 15 amendments...
"This amendment shall be effective as of July 17, 2020. The amendments to Article III and IV filed on July 8, 2020 and July 16, 2020 (the “Prior Amendments”) shall no longer become effective and shall not take effect. Article III and IV shall not be amended as reflected in the Prior Amendments and shall instead continue to be as set forth in the Articles of Incorporation, as amended that existed on July 7, 2020. For clarity, Article III and IV shall condinue to read as set forth in the attached."
Annex A attached makes no reference to any reverse split, guys...read them sequentially...what am I missing? The latest amendment rescinded the 2 prior amendments specifically!
I am hoping that the Nasdaq decision making process simply runs out the clock (as is regrettably, but pretty effectively being done by fearless leader - notwithstanding the likelihood that the piper will someday play) on the reverse split, which is quite possible if they consider the extremely convoluted and still incomplete process on naming board candidates, choosing them, and to date, still not seating them, all of which had stated timelines, and all of which were missed.
Lesson learned...again! Bought 500k TLPY in 2015-gonna get rich, converted to CXUS whenever-oops, split 1 for 90 in 2019-not good, to say the least, so now worth about $6 after today's dump! WOW, glad this wasn't in my retirement account! CE, ALL! Written off here, be prepared to do the same there!
Nice, someone has a big head thinking verbosity is better than substance on whatever the subject is...KBLB notwithstanding. Green Day(s) is / are great! Keep it up AD!
From my Fidelity.com account research...fyi, believe or not the history I found for KBLB...
Date 3/31/2008
Open .05
High .05
Low .002
Close .05
Volume 235,800
Kblbpatience2...DOWN WITH YOU ON THAT!!!!!!!!!!!!!!! Please forgive my all caps and !!!!!!!!!! Go, KBLB!
Kblbpatence2, I so hope you are correct and that I am wrong! I will add that 2% of 7.8b = 156m lives lost globally, roughly 3 times the 1918 (Trump persists saying 1917...he knows best and can never be wrong) Spanish Flu Pandemic, so in the US, ONLY 6.6 MILLION! Lord, please let you be more accurate than I...and that BOTH OF US greatly overestimate the impact...Even at 1/2 your 2% mortality rate, even 0.2%, roughly the seasonal flu mortality is not acceptable given the lack of valid response given the lead times/warnings! God be with us! Take care, all the best to all, and go KBLB!
1. Beats me. I have the same issue sometimes.
2. All good, thanks for sharing; always willing to learn here.
3. You are correct, regrets for shouting.
4. I suspect we both will, just not enjoying where we are now.
5. And to you, as well.
I think we can both agree that this is not a good situation we find ourselves in with conflicting information prevalent, so please forgive me if my take does not match yours. In any case, please take care, no offense intended, Hezekia.
Hope I made it through a post with no exclamation points? Just a few question marks.
I submit that I do understand (bio, et al) stats, Hezekia; works both ways; if you suspect the total case count, then you have to suspect the total deaths as well to be fair, no? Yes, you do! The mortality rate I quoted is what it is, though not in agreement with your desire. I do not post without having reviewed my thoughts prior to hitting the post button. However, thanks for the advice! My information is not inaccurate...see https://www.worldometers.info/coronavirus/ unless you want to attempt to discredit them...go ahead! I suggest you pick another subject, perhaps KBLB?
98% recovery rate is NOT A GIVEN! To date, 303,024 deaths vs. 4,519,959 cases = 6.7% mortality/death rate. While anything is possible, what you stated as possible is not at all likely. I wish people would self review their comments before posting inaccurately. Had the world community not taken mitigation efforts, we would be staring at 1918 flu stats, yet KBLB will prevail!
Enthusiasm curbed...
Yeah, big haha; I had no idea my trade 11 years ago would turn into such a long term investment, yet here I am (as are many others, I suspect). Tick tock, my as*! Oh, I get it, the perpetual clock! Amaze me, please!
IMHO, it is hard to really know what you mean in your referenced message in which you said...
"That said I don’t think .14 will hold without news. That said ... I believe that .14 will hold."
Perhaps you mean we will have news to make .14 hold?
Please be a little clearer and not conflict with yourself so much in a single message?
Common occurrence for B...
W2R, thanks for the find...my suspicions somewhat confirmed; the Swedish approach was a crap-shoot from the get-go! But, I do hope in works for them as they are deeply committed now! All the best!
Sweden is two weeks from herd immunity. So, how do you figure? Then, they are done.
Sounds like a certainty..how do you figure...since you say so? Not happening...Sweden will pay...absolute comment of mine as you seem to be fond of doing, lol...
https://www.worldometers.info/coronavirus/country/sweden/ You tell me how confident you are given data driven chart analysis... hope it works for them and all of us!
Yeah, I think the doctor is off on his math but we also have randomized anti-body testing too ... this tells us...
Then why didn't you say that it was bs to start with vs. touting it as legitimate, which it is not?
Germany’s hotspot was 0.4% death rate (old data, current about 3.7%)
New York has 10x plus more asymptomatic / light symptoms (not tested) - NY Gov said 0.5% death rate (caveat as more cases likely as are unreported deaths stated in same article.
I'll stop here for now...agreed that it is just a horrible situation we are in for awhile yet...all the best to you and yours!
hopeabides, I only had to invest about 2 minutes watching the video to identify the faulty grade school math that serves as foundation for the wild and misleading assertions made in the video.
While the good doctor may be great with medicine, his math is quite flawed. He affirms about 12% of the tests to date are positive, then multiplies (he says extrapolates) that by total population to arrive at 4.7 million as his denominator against 1,227 current deaths as his numerator to arrive at his 0.03% mortality rate...AS IF THE VIRUS HAS ALREADY COMPLETELY RUN ITS COURSE IN CALIFORNIA AND THERE WILL BE NO MORE DEATHS AMONG THE REMAINING MILLIONS TO BECOME INFECTED! By the way, daily California case counts are back on the rise to the highest levels since this Pandemic, yes Pandemic (see definition) began.
Gruber72, your posited conclusion is categorically false in that it is not the scientific truth that is political, though it certainly may often be politicized vs. the scientific intent. Dissemination of valid scientific truth does not constitute being "pushed" with a negative connotation I suspect you infer.
The good doctor may be great with medicine, but his math is quite flawed. He affirms about 12% of the tests to date are positive, then multiplies (he says extrapolates) that by total population to arrive at 4.7 million as his denominator against 1,227 current deaths as his numerator to arrive at his 0.03% mortality rate...AS IF THE VIRUS HAS ALREADY COMPLETELY RUN ITS COURSE IN CALIFORNIA AND THERE WILL BE NO MORE DEATHS AMONG THE REMAINING MILLIONS TO BECOME INFECTED! By the way, daily California case counts are back on the rise to the highest levels since this Pandemic, yes Pandemic (see definition) began.
https://www.kraiglabs.com/
https://kblbinvestors.com/
WTH? Both sites down?
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Fauci says this where? I don't think so...show me...
I call BS...Birx nowhere in this video, you have your sources (Reason, lol!!!), I have mine, both of ours easily found without digging much! By my way of thinking to refute what Dr. S J is saying, if an individual was stable before contracting Covid19 and subsequently succumbs, it is due to Covid19, not a stretch to come to that conclusion. Flag what you will...the last straw sometimes gets the credit; poor camel...
Among other comments, you stated..."I think it is obvious or it should be that the denominator is way more out of wack (whack?) to the low side than any great issue with the numerator." So, I say, not at all "obvious or it should be"...no way at all!
My stated facts are per Johns Hopkins, yours? So, as you may wish to state, but also, please see... https://www.factcheck.org/2020/04/social-media-posts-make-baseless-claim-on-covid-19-death-toll/ and https://gothamist.com/news/surge-number-new-yorkers-dying-home-officials-suspect-undercount-covid-19-related-deaths and https://www.nbcnewyork.com/news/local/massive-spike-in-nyc-cardiac-arrest-deaths-seen-as-sign-of-covid-19-undercounting/2368678/ ... in any case, be safe and be well...all of us!
And for full reference, here is your post in full...
I heard the opposite. I heard that the reported deaths due to other causes was unnaturally way down in recent days, which begs that misclassifications have been occurring. Also, I heard that they were classifying everyone that died with covid even if they had other co-morbidity factors including people in hospice. The Italians were doing that too but went back and reclassified correctly. I doubt we will see that here as it is going to used as political fodder ... and false justifications to keep us closed down longer than we should be OR criticisms for reopening.
I think it is obvious or it should be that the denominator is way more out of wack to the low side than any great issue with the numerator.
You also know there are hundreds of at home deaths DAILY in NYC (10x normal) not being classified as Covid19 since they are not posthumously testing, thus the numerator is also in serious question.
Didn't say mine was gospel, but it is what Johns Hopkins represents on their mortality statistics page, so take it as you wish, and agree that let's just pray for a therapeutic or vaccine ASAP! I would also note this is not "normal, nor traditional", so digging new ground here, and agree on seeing where this ends up, not for validation, but in the hope it is resolved soon!
Johns Hopkins data as to current deaths/confirmed cases 6.24% is 118,304/1897373, not 0.4% or even 3.4%. Please do the math vs just posting inaccurate information from Gateway Pundit/Jim Hoff. I earlier stated a similar perspective, but my post was removed...why makes no sense to me..."Off Topic" when I respond to inaccurate information that was allowed to remain???
You continue to exhibit severely limited perspective in a revealing manner! Might you be able to look forward a bit to prevent a really significant loss of life? Get real, not just offer puffery and BS! Why would you be laughing your ass off? Ridiculous!
I like the odds...
How about Ace Hardware?
https://e.vnexpress.net/news/business/companies/us-retailer-ace-hardware-enters-vietnam-4016388.html
ps... my prior message included "Perhaps consider getting involved in some public or community service activity to more effectively utilize your talents?" I should have said "one's" vs. "your"...as my intent was to viewers and not directed at you...regrets...
Negative on the "will be a RS", it simply authorizes it to happen per:
To approve a reverse stock split of the Company’s issued and outstanding Class A Stock by a ratio of not less than one-for-ten and not more than one-for-forty (the “Reverse Split”) at any time prior to July 23, 2020, with the exact ratios to be set at a whole number within this range, as determined by our board of directors in its sole discretion and approve and adopt the Articles of Amendment to affect same (the “Reverse Split Proposal”)
You, I trust, are fully aware of the non-absolute veracity of your statement in that it is not required to happen, it was authorized to happen, nothing more, nothing less. If it does happen, it did. If it does not happen, it didn't. It is not required, "will be a RS", per se.
For a possible reverse split reaction see APDN. APDN 1:59 on 10-29-14; 1:40 on 11-1-19 for a total of 1:2,360; one announcement (today) since last split led to 331.82% gain today; closed today at $19.00 vs. yesterday's close at $4.20. There remains hope that KBLB approved split of from 1:10 to 1:40 may not be that damaging if accompanied, closely followed or prefaced by meaningful good news. And, KBLB is NOT a serial reverse splitter. GLTA!
Wouldn't blow my mind, not even enough profit to retire and not have to worry about medical benefits, lol...WOW...