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Truth
I also agree with you....I believe that KBLB may been denied the up listing to the NASDAQ...... and Kim is trying to develop a new plan.
Totally agree..... that’s why I sold all my shares ( had previously been a long time time holder 7 years....Kong )
Protecting my gains... don’t mind chasing to buy in when I know what direction it’s going.... after we get some clarity.
Hope to be a shareholder again.... when the time is right.
Golferman
I wouldn’t be so sure!!
Agreed!!!!
Without news next week.... the support of .115 should be tested.
Golferman
.13 should break today and lets see if .12 holds
Golferman
Truth
Agreed....... I have protected my investment by now sitting on the side lines..... looking forward to reinvesting in KBLB when we receive more clarity.
Golferman
Bananarama
I totally agree..... still on the side lines waiting to buy back in after the split is announced. Should be a 2 day sell off.
Golferman
Darryl_T
Not going to happen..... the RS is coming..... I predict 1-40
Golferman
I looking for an entry at or below the offering price of 5.25/40 = .13125
Golferman
As of August 20, 2020, there are 854,410,001 shares of Common Stock issued and outstanding.
1-40 put the new share count at 21,360,250
The offering is for 1,904,762 Units.....Which is a another 8.9% dilution
The offering is 5.25....After the dilution the price should be 4.78
Pre split price of .1195 with dilution.
Golferman
The offering is at 5.25
1-40 split gives a SP of .13125
******
1,904,762 Units2, with each Unit consisting of one share of our Common Stock and one Purchase Warrant to purchase one share of our Common Stock at an exercise price of $5.25 per share. The Units will not be certificated and the shares of Common Stock and the Purchase Warrants are immediately separable and will be issued separately in this offering.
*******
Golferman
Yes.... it looks that way.... a 1-40 split had been previously agreed... not sure when it will happen.... should know soon enough.
Not sure how the market will react tomorrow.
Golferman
It also looks like another vote will not be needed.
Below is part of the S-1
******
However, on [ ], 2020 we obtained the written consent from a majority of our stockholders to effect the Reverse Stock Split.at a ratio of 1-for-[ ].
On August [ ], 2020, the Board established a ratio for the Reverse Stock Split of the issued and outstanding shares of our Common Stock of 1-for-[ ] and the Reverse Stock Split was effective at 12:01 a.m. on [______]. No fractional shares will be issued in the Reverse Stock Split and any remaining share fractions will be rounded up to the next whole share.
Looks like The RS still may happen at 1-40
Golferman
I have sold all a while back on the side lines waiting for direction from Kim as WHAT IS GOING ON!!..... all my shares where bought sub .05 many years ago.
I agree .....if no press release on Wednesday morning you could see the price break .11
Golferman
Still on the sidelines waiting for some direction from the company.
Still not sure which way the SP will go.
Golferman
No I still believe we will break .11
We have support at .119 then .103 then .09
Golferman
Looking to re-enter at .12 may hit it this week.
Golferman
Darryl
I don’t believe you will see an up list this year.
You are correct.... A RS must now have a new vote.... the date has lapsed
That is why agreements have dates
Golferman
I have b b been a long term share holder of KBLB just over 8 year and firmly believe in there success down the road....however extremely concerned on why the RS was not executed.
I will be a share holder again however need some guidance moving forward .....( PS during a quiet per a RS can be executed if needed )
Please all do your DD
Golferman
No the SEC filing says EXECUTED on or before July 23, 2020
That time has now pass so it can not be performed now!!!!!!
Agreed
However it must be completed by July 23,2020
The document voted on can not be changed.
Golfer
Zo6 Man
Please read the following.... the link below is from the Sec filings.... The RS that was voted on, had to be preformed on or before July 23,2020
... So in order to preform another RS it WILL HAVE TO BE VOTED ON ÀGAIN ... kim missed the time line!!!!
I have held this stock for 8 years and done existence DD
***********
https://www.sec.gov/Archives/edgar/data/1413119/000165495419008584/asm8-k.htm
“”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”)””
Zo6 Man
You are wrong..... the RS had to be executed on or before July 23, 2020 otherwise KBLB needs another share holders vote.
Having not executed the RS made me sell all and wait on the side lines.
Disagree...... if KBLB was accepted for an uplist to the Nasdaq the RS of 1-40 would have been completed on July 23.
Something is changing.
Golferman
No news and RS date gone by.... have they been refused for the uplist..... or is kim just waiting for a better economic time to implement all his plans?
On the side lines..... waiting for .10
Golferman
I am completely out..... I will be sitting on the side lines waiting for direction from Kim...... Still like KBLB however need to know what's happening with the up-list, production and financing.
Looking for some clarity soon..... have sold 1/2 my position (waiting) .... not sure which direction we go with the upcoming news.
Golferman
May buy tomorrow
The conversion for the shares is at present 1.28.
Need to Watching Sphere 3D Corp. as well.
Golferman
The press release was impressive for the future of KBLB....Great day today.
Golferman
Blueazur
Yes the gap has been closed.....big gap between the bid and ask..... a press release this week would be nice to give the market an update on what is to come.
Hopeabides
Below is a reply from the Nasdaq qualification department regarding a split and up list at the same time.
Arachnodude
10%+ green...... looking for a close above .22 tomorrow