Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< I'm just now reading the KBLB 10k. It states:

"On January 23, 2017 the Company signed an 8 year property lease with the Company’s President for land in Texas. The Company pays $960 per month
starting on February 1, 2017 and uses this facility to grow mulberry for its U.S. silk operations.

Does this mean that Kim is leasing his own property for $960/month? >>

Yes, that is correct. Kim is leasing the land back to KBLB at a profit.