Options for moving KBLB forward: Dilution or ???
Truth, Bananarama, as far as I can tell, every option KBLB has to fund operations until the point of significant sales involves dilution in one form or another.
1) KBLB does not have enough obvious assets to apply for a loan of any size. Although we all realize the potential value of the company, he doesn't even have a patent awarded that he could use to make a loan against.
2) A joint venture is also a kind of dilution, with one side putting up some money (and expecting something in return) while KBLB puts up its GMO silkworms.
3) A venture capitalist would insist on something valuable for his/her investment, such as shares of preferred stock. (Boy would that make my stock worthless quickly!)
4) Selling more shares to Calm Seas obviously dilutes the value of shares.
5) KBLB is not well positioned to apply for government grants. Grants preferentially go to non-profit organizations like Universities. They preferentially are awarded to Ph.D. applicants. They come with some very heavy restrictions on administration that KBLB would not qualify for with its current staffing.
What possibility or possibilities am I missing? It seems to me the only way to move forward is to continue dilution in one form or another until the checks start coming in. The $1 million from the Army will be a good snack, but KBLB is burning through money pretty fast these days...
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