Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

“$900k is just the interest, then the loaned amount could be a very big number in the multiple millions.“

over the years, kim has made small bridge loans to kblb which were paid back with interest...there has not really been a need for significant loans to accumulate until they got rid of csc...that need came out to about $291k...

this filing states there’s an additional $884k in interest that has accumulated...it didn’t say from where...i don’t know if there are clues in prior filings, but nothing was stated in this one...do you know how huge the loan or outstanding debt amount has to be in order for there to be $900k owed in interest?...or the interest rate has to be sky high...

kim is owed $2 mil in salary...but unless there is 50% interest being charged, that doesn’t account for the outstanding interest...

like i said, i’m not an accountant so their might be some reasonable explanation...but no one has come up with one...

“3% interest on those multiple millions when he could fair far better in even a modestly risky investment.”

kim is already double dipping...he has his salary and free shares that he gave to himself...selling shares he gave to himself and then loaning that money to the company with interest to be paid is already sketchy enough...especially given the fact that he created the need by getting rid of his only source of money which was csc...

kim is the ceo of a struggling company that is starved for cash...how would it look if he sold millions of personal shares, depressing kblb’s pps, so he could buy stock in apple?...

“Hell, he'd make more on the money if he spent it buying up shares of KBLB”

sell his shares of kblb so he could buy them back?...i don’t think that’s how buybacks work...lol