Kraig Biocraft Laboratories Inc (KBLB)

[fastlane]

"Fastlane, serious question: Does that mean some of us don't have any votes at all, or would that mean the total outstanding shares are proportionally discounted, so that 1 share only receives (say) 0.7 votes?"

Basically your shares have less voting power. You could say it has no power because Kim has more than half. So he can do what he wants.

I believe Kim did this because he new that he would loose the controlling shares down the road between more dilution and his personal selling of his shares.

I think everyone else was hoping he might retire some of his share. There by reducing the float and increasing share holder value.

The good part is it doesn't add dilution to the share price

"Also, how would we learn what the actual situation is? Would this be described in the articles of incorporation, or somewhere else? "

You should be able to see his shares in the most recent filings.

I am not an expert. This is just my understanding. Sorry for the delayed response. I never received a notification of your response.