Thursday, July 11, 2019 8:04:50 PM
I am not saying that a R/S is the best idea, and even the details in the form explicitly say, that if the shareholders vote for the possibility of a R/S, if the Board decides that it is not necessary or in the best interests of the shareholders within the year, they can abandon the reverse stock split at any time.
After reading it, it is clear to me that Kim put everything in there to show that he was looking out for the best interests of the shareholders.
I have to assume that Kim is fully aware of the backlash that a R/S will cause, yet he did it anyway. I choose to believe that he has knowledge that will silence the critics.
BTW, the PR was awesome. Too bad it was overshadowed by the R/S news. There must have been a reason that Kim released both at the same time. Maybe he thought it would lessen the blow, but I tend to believe that he has always released info when it will be most beneficial for the long term value of the company. Not the short term share price.
After KBLB is a success. I would love to get a full documentary on everything that went on behind the scenes over the years.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/16/2024 09:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:52 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM