Kraig Biocraft Laboratories Inc (KBLB)

[Jakito]

<< KBLB owed Notre Dame almost $1/4 million>>

I am aware they owed more than $8000 I was pointing out that you stated it was in relation to the army contract/sales, which it wasn't, the amount was really due as part of their collaborative research agreement, as I mentioned.


<< ND got sick and tired of the excuses and threatened to revoke their license agreement for global commercialization rights. >>

You have no evidence that ND made any threats to do such a thing, you have merely stated the terms of an agreement, this is not evidence, you've completely fabricated this, just admit it...


<< No, it wasn't at a "premium to the current share price". The warrants were for 6 cents a share for 2021 and 2022, and 8 cents per share for 2022 and 2023. So Kim only expects the share price to go to 8 cents in another 4 years. I would hardly call that a "premium". >>

The placing was at a premium:

Under the terms of the stock purchase agreement, the Company issued shares of its class A common stock at a price of $0.06758 per share

This placing for $1million was on March 9th, the share price closed at $0.0579 on March 8th, the placing price represents around a 17% premium. The warrants are a sweetener for those taking part in the placing, they're clearly not meant predict the future share price, if they reflected the future price they would be pointless for the party investing.


<< And KBLB has been "working with" Warwick Mills for 6 years. And nothing of real worth has come out of that "partnership" either. >>

The Polartec partnership is a much bigger deal, especially when you consider the timing of it. The reason we've never announced anything major with Warwick is primarily due to the fact we haven't had the production volume.

Cost-effective mass production is coming through Vietnam, we all know that is what has held us back all these years, and it's closer than ever.