Would you agree that KBLB has to register the shares it will be selling to CSC?

Would you agree that KBLB can't "put" any shares until they are registered?

Which form does KBLB have to file with the SEC in order to register those shares?

You are confusing the "Letter of Agreement" and the date the agreement was made with the required SEC documents that must be filed to register the proposed shares and to make the agreement effective.

From the S-1 filing received by the SEC on 8/01/2011:

Statement on Form S-1 No. 333-162316 .   The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of the securities act of 1933 or until the registration statement shall become effective on such date as the commission, acting pursuant to said section 8( a), may determine.

A subsequent amendment (S-1/A) was filed and thereafter the commission (SEC) determined the "effective date" of the S-1 to be 8/12/2011.

From the "Effect" received by the SEC on 8/15/2011:

Letter of Effectiveness

Effective Date: August 12 , 2011
Form: S-1
CIK: 0001413119
Company Name: Kraig Biocraft Laboratories, Inc
File Number: 333-175936

What part of this do you not understand? The S-1 did not become effective until 8/12/2011. Therefore the shares available for the puts to CSC did not become available until the S-1 became effective. So KBLB can make its initial "put" sometime between Sept. 1 - 8.

"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:

http://google.brand.edgar-online.com/?sym=KBLB

What you have to remember Zinc is he can not make his initial "put" until Sept. 7th on the new agreement. The subsequent "puts" have to be made at the first of the month and they can be up to $100k. Only one "put" per month can be made unless kblb and csc both agree to one additional "put" per month. So he can not just make a "put" when he wants to, only when the agreement allows him to.

"You can't point to low volume as kim not selling shares, because he could've thrown CSC 1 million shares.....csc just didnt sell them yet....csc is uhhh waiting for ample volume."

You missed my point completely, but by doing you proved my point. Thank you.

I did not say that Kim had not sold any shares. I said if he was selling shares in the open market during low volume trading periods it would be difficult to raise the necessary capital for the day to day operations of KBLB. By having the financial agreement with CSC it does not matter if KBLB is experiencing a low volume trading period. During these periods of low volume they can still place a "put" at the beginning of the month.(So Mojo is right.....the low volume does not matter, but only because of the agreement with CSC. He would be incorrect if we did not have this financial agreement.)

"so it is your contention that kblb would HAVE to sell on an everyday basis if it was to sell at all?....and why would that be??"

Nope...never said that....what I said was that it would be difficult during low volume trading "periods".

"and if they dont have to sell on an everyday basis, then they could choose to sell on days that have heavier volume and not sell on days with lower volume..."

I believe this is incorrect also....Kim has to register any planned sales....so he can't just pick and choose days with sufficient volume. Again a little bit of research would be helpful....I believe Manshoon could point you in the right direction to find this information as I believe him and Kim had a discussion on this topic.

Mojo is right folks.....this ain't rocket science.

This volume slump serves as verification that if Kim was selling shares in the open market instead of receiving his funding through CSC he would have a very difficult time raising the necessary capital for the day to day operations of KBLB.

And what kind of strings come attached to military funding? What kind of control would they have over the end product? Would they own the technology because they funded it? Like I said I am sure Kim had his reasons for not seeking military funding. Again it is absurd to suggest that they are less of a company for doing so.

In order to receive military funding you first have to apply for it. I am sure Kim has his own reasons for not applying for military funding. To suggest that kblb is less of a company just because it does not receive its funding from the military is completely absurd.

If what you have said in this post is true, explain one thing to me. If the military is not interested in spider silk technology then why did the military fund the research on the "spider-goats"? You see this is when a little research is helpful. By doing just 10 minutes of research you would have known that the military does have enough interest in spider silk to provide millions of dollars to fund the research.

Ditto.......I think Zincsta is the one with the "mojo"....lol. Gotta love it!!!!

The "simple" explanation as to why the concept of bulletproof skin is not plausible is the fact that the human body naturally absorbs and decomposes spider silk thus over a short period of time the skin would loose its "super" powers...lol.

With that being said it does show the potential for spider silk to be used as a matrix to grow skin graphs for burn victims. The doctors could take skin cells from the burn victims and grow skin graphs that could be applied to the affected areas. The patients body would accept the skin graphs without the fear of rejection because the body would recognize them as their own skin cells. The patients body would absorb and naturally decompose the spider silk leaving just the skin tissue behind where blood vessels and hopefully nerve endings would integrate themselves.

So in conclusion, I think you are missing the significant medical achievement accomplished by this "art" experiment and just focusing on the ridiculous idea that they could actually make a human body "bulletproof".

Do you really think their objective was to outfit someone in bulletproof skin?

Thanks for the confirmation that all warrants that KBLB has issued have been exercised and as of May, 2011 there are zero warrants outstanding. Good job, I knew you would come through eventually.

2009 Warrants Outstanding:

As of December 31, 2009;

6,000,000 with a weighted average exercise price of $0.02/warrant. (What calm seas could of sold them for.)

On October 4, 2010, KBLB issued 5,177,801 shares in connection with the cashless exercise of the 6,000,000 warrants.

Okay, that takes care of all the warrants issued to Calm Seas Capital. Now for the warrants issued to Ben Hansel.

2010 Warrants Outstanding:

As of December 31, 2010;

20,000,000 with a weighted average exercise price of $0.00/warrant. (Notice Ben could not sell his warrants. He only had a cashless exercise option.)

On May 11, 2011, KBLB issued 19,767,985 shares in connection with the cashless exercise of the 20,000,000 warrants.

So that takes care of the 20,000,000 warrants that were issued to Ben Hansel. Thus leaving a zero balance of outstanding warrants that have been issued by KBLB.

So where do the 6,500,000 warrants with a exercise price of $0.001 come from that SWA clams to directly or indirectly own come from? I have no clue. KBLB has never issued any warrants with a exercise price of $0.001. From the evidence I have collected I can come to only one conclusion, SWA's disclaimer involving the number of shares and warrants they own directly or indirectly is a pure fabrication or more simply put they are lying.

So thank you to Manshoon1, aka Silly Wabbit, for providing the confirmation that neither Calm Seas Capital nor Ben Hansel were the source of the warrants that were referenced in the SWA disclaimer.

Also I would like to thank Jimmybuffett2, aka DrMG, for all of his contributions in finally being able to clear up the controversy about whether the warrants mentioned in the SWA disclaimer came from CSC or Ben Hansel.

Thank you both for your tireless effort in bringing this issue to the forefront of KBLB's discussion board, here on Ihub. I think the board owes you both a debt of gratitude for finally bringing a conclusion to this issue.

"So, lets say they didn't come from Ben."

That's easy to say, because Ben was issued shares not warrants.

"It doesn't concern you in the least that our IR guy got 20 million shares to promote the stock"

Not in the least, he was issued 20m shares as his salary for his position as kblb's IR officer.

"magically SWA has 6.5 million warrants at .001 with a cashless provision? WHere did those warrants come from?"

Nope I don't think SWA magically pulled those warrants out of a hat. They obviously came from CSC. This has not been disputed. This is a relationship between CSC and SWA and has absolutely no connection with KBLB. CSC is free to do with their shares as they please. If they decide to pay for a newsletter promotion with their shares its within their "legal" right to do so. It actually works to KBLB's advantage not only do they receive their money for research and development from the sales of shares to CSC, they also receive free publicity through the newsletters from SWA that are paid for by CSC.

"I would assume that if we gave Ben 20 million shares, he should be able to cover any promotional expenses right?"

Really??? You expect Ben to pay for any promotional expenses out of his own pocket??? Would you pay to promote the company you work for out of your own pocket???? I don't think so and you should not expect Ben to do so either.

"Maybe they should give 6.5 million warrants to an actual pr firm instead of penny stock rags."

Actually that is not bad advice. Maybe you should pass that along to CSC seeing they are the one's that own those 6.5m warrants. KBLB did not issue those warrants to SWA, they issued them to CSC. As previously stated CSC is free to do with those warrants as they please.

"How many of your favorite restaurants have closed not because the product was lacking but because management made poor decisions trying to look like big timers"

Actually none, but I see your point. What I don't see is how this analogy relates to KBLB. Are you suggesting that Kim is trying to look like a "big timer"? Actually I don't think he has to try to look like a big timer.....he has already created a fiber that is approaching 80% strength and flexibility of native spider silk (a significant achievement) and may very well announce soon that they have created pure spider silk from a silk worm....I wouldn't say he is trying to look like a "big timer", I would say that he already is a "big timer".

Who cares????? Like I told you before....I am done with this conversation. This has been addressed over and over with you and the topic is closed with me. Good luck to you.

Edit: I could be mistaken and could have missed it in the filings, but where is the information that states Ben was issued any warrants? I do remember reading that he was issued 20 million shares with a fair market value of $200k. The information of him being issued any warrants seems to elude me.

Respectively, I do not feel the importance of the experiment should just focus on bulletproof skin....sure it makes for a catchy headline. I think what should be recognized is the fact they got skin cells to grow on the spider silk and created a, let's say a very tough skin, that could be used as skin graphs for burn victims. So I think this experiment definitely shows the potential of spider silk as a matrix for skin graphs.

Sure thing JB2...uhhh Manshoon...sorry I mean DrMG....just kinda hard to tell you guys apart....here is the information you requested:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65559831

Same old same old. All old news and has been addressed many times. This topic is now closed for me and many many others. Good luck to you.

"if future growth goes from 10 percent to no growth a company won't be allowd a 10 p to e anymore"

Would you care to provide your source for this information. A link would be acceptable.

You need to study the principles a little more before making comments on things you clearly do not have a grasp on yet.

Here's how you calculate the P/E Ratio:

You calculate the P/E by taking the share price and dividing it by the company’s EPS(earnings per share). P/E = Stock Price / EPS. For example, a company with a share price of $40 and an EPS of $8 would have a P/E of 5 ($40 / $8 = 5) .

As you can see the P/E Ratio has nothing to do with future earnings. It just means that the stock (in the example) is currently trading at 5 times the current earnings. The share price is determined by what people are willing to pay for the stock.

"The filing siad that the shares were in exchange for a patent from the founder."

The filing did not say the shares were in exchange for a patent, the shares were in exchange for Intellectual Property. They are completely different things. You really need to reread the filing and get your facts straight before making a post. You are making yourself look foolish and unreliable as an informed investor.

"...ill add that analysts also give their estimates as well based on their study of the stock and the numbers...the pps can be given multiples of 7, 15 or whatever..."

So the stock can be "given" multiples of 7, 15 or whatever.....really???? This is the best you can do????? Lol!!!! You know very well that the p/e ratio is calculated from current earnings and the current pps. The ratio is not "given" by anyone, it is determined by what the free market is willing to pay for the stock.

"our licenser of zfn tech is trading at roughly 7-8 times NEXT YEARS EARNINGS . That is not potential, that is next years earnings..........based on proven performance and guidance issued by the company."

Really???? That's how you understand it.....as next years earnings????? Do you have a crystal ball and are able to see in the future....hahahaha....now I am beginning to understand where this voodoo math is coming from....the P/E ratio is based on current earnings not off what some gypsy sees in her crystal ball.

"If KBLB was trading on pure potential and none of that evil pumping I allege, then..........I guess KBLB has 1/2 the potential it had in June or 35 percent of the potential it had on september 28 th 2010 ??"

If you haven't noticed the evil pumping you are alleging has done very little if anything to influence the pps lately. So kblb is trading at what the free market values it at. Do you think that the value that kblb is trading at now may have something to do with the potential value of Monstersilk? Heaven forbid that the company actually has a product that would justify its current pps. So go ahead with your shallow thinking and conspiracy theories if it brings you comfort. I am going to continue waiting patiently for kblb to complete its journey, again I am eagerly waiting to have that discussion with you when the journey is completed. Good luck to you.

"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.

"if all csc is doing is buying shares, then why is kblb selling it to them at a 20 % discount?..why wouldnt kblb just sell the shares themselves into the open market and keep 100 % of the money?"

As you are very aware this question has been asked and answered many many times. I will suggest that you go back and find the answer for yourself. But hey, I will give you a clue....the answer has to do with daily trading volume and the fees associated with such sales from Kim's broker.

Zinc, the easy explanation would be that CSC is buying Class A common stock at a 20% discount. They are not purchasing "restricted shares", therefore, they are under no obligation to hold the shares for any period of time before they decide to sell them. This was all explained in the S-1 filing. If someone fails to understand the difference between Class A common stock and "restricted stock" it is not up to you or me to educate them on the difference......they need to educate themselves before they start spreading vicious rumors....by not educating themselves prior to their outburst they only advertise their ignorance out in the open for everyone to witness.

"Wall street values stocks on the FUNDAMENTALS.

As in:
CASH/ASSETS
DEBT
REVENUES/PROFITS/DEFICIT
YOY GROWTH
DIVIDEND YIELD"

You conveniently left out one Manshoon, Wall Street also values stocks on POTENTIAL EARNINGS. If they did not you would not have a p/e ratio. Based on your theory every single stock out their is overpriced. The main thing to remember is that Wall Street does not set the value of a company. The free market determines what a company is worth and there are dozens of factors that influence the market. So your statement is off base also.

Es1, I tend to agree with you. I am not so certain that Kaplan is not still on the board. You know if I was being barraged by numerous e-mails and phone calls from investors the easy solution would be to say I am not on the board. In a little time the harassment would stop.

Lol...no problem....I understand.

With all due respect Zinc you misinterpreted my post. The contradiction I was pointing out was the difference in Kaplan's statements about whether or not he was ever a member of the board. Please read my post a little better before correcting me on something I did not say.

Bull, you can bundle me with the speculators if you so wish. Just let me remind you that what I typically respond to are people who twist the facts as they are presented to us through press releases from the company. I do very little speculating and am fact driven. I advise you to read my post again and I think you will not bundle me with the speculators.

Quote: "They asked me to, then after they posted all this information, I removed myself and I have not consulted with them at all"


Quote: I have never been a member of the board of advisors and have requested that my name be removed on a number of occasions. David"

You see this is where I have a problem. These supposed direct quotes from Kaplan completely contradict one another. In the first quote he says he removed himself and in the second he says he was never a member.....so which one is the truth? Or are either one of them the truth? Kinda hard to tell with this information, isn't it?

Another telling piece of information is that he didn't consult with them at all. So did he remove himself and not tell them? Sure sounds like that is a strong possibility based on the first quote....I think that goes more to show his weak character than Kim's.

Didn't the PR of Kaplan joining the Scientific Advisory Board come just a few days before the CC? Could it be that the surge you are discussing could have been caused by people buying into a possible commercial partner announcement during the CC. I doubt that the announcement of another member being added to the advisory board did anything to boost the pps....it surely did not do anything for the pps in the past.

Actually during the first conference call they did not feel confident in the ability of the piggybac process having the ability to create 100% spidersilk due to the difficulty of placing the spider silk gene in the right place. Also the piggybac process lacks the ability to knock out the worm silk gene, so of course there will always be worm silk mixed in...duh. The game has changed now if the ZF insertions are capable of having the same success in silk worms as they have had in rats. You are completely incorrect to reference the second conference call as they did not discuss any doubts about the possibility of creating 100% spider silk because they had just received the ZF's and the technology was still untested. So it would have been premature for them to discuss anything about not being able to create 100% spider silk. The youtube videos were posted long before the discussion of the ZF insertions were even being discussed so they are irrelevant in the discussion of pure spider silk. In conclusion anything that was discussed prior to the introduction of the ZF insertions is now outdated and should not be considered when evaluating the possibility of kblb creating pure spider silk. If the ZF's are successful in knocking out the worm silk gene and replacing it with the spider silk gene then the only silk that can be produced will be 100% spider silk.

Yep...picked up a few....I think I am satisfied with the amount I hold now. May pick up a few more if the pps ever drops again...

King B, did you pick some up during the height of pessimism?

I guess after yesterdays fiasco, it did seem like a safe day to go golfing. Seemed safe didn't it....probably thought the whole day would have been over-shadowed by the Kaplan issue and the pps would continue to fall. Must have been a big surprise when Fraser made his appearance through an e-mail. Kinda explains the hostility expressed towards Fraser. Again, easy to read as a comic book.

In the past you did not give the advisory boards any importance....now you seem to be giving it a lot of importance. So which one is it?....you can't have it both ways.

Sounds like someone missed out on today's 20% spike. I got mine and I am feeling fine. Doubled my position again. How's that trading working out for you?

Attention mods, could you please re-sticky post kblbpatience's original e-mail response from Dr. Fraser.