Kraig Biocraft Laboratories Inc (KBLB)

[jose0505]

1) Have an independent board of directors. (Oops! Not there yet.)

from the 8K:

One such standard requires that we have a
majority of independent directors, which means that we need to increase the size of our board and appoint independent directors. The Company’s bylaws allow the
sole director to fix the number of directorsThe bylaws also state that newly created directorships resulting from any increase in the authorized number of directors
may be filled by the sole director. As a result of these bylaws provisions, Mr. Thompson, as sole director shall expand the number of directorships and appoint such
persons as he deems suitable for our board and that will help us to satisfy the listing standard requirements

KIM will be the first of many

2) Have 80 million in assets. (Oops! Not there yet.)

this could be prodigy if it starts production, as a wholly owned sub it will count as an asset

3) Have a stable price of at least $4 per share. A reverse split may move us up to that level, but I don't think we could hold it for long in the absence of product, sales, contracts, etc.

thus the reason for the reverse split


these are my opinions towards your three steps