Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

I don't think NASDAQ will buy into this plan...

Steps to uplist:

1) Have an independent board of directors. This has not been done. Why wait? As you point out, he could do this today and have the board members at the annual shareholder meeting.

2) Put IP (intellectual property) on books. We don't have any patents and may not even have any patents under consideration. Five provisional patent applications have been submitted recently. KBLB could claim these are worth 80 million, but I doubt this argument would convince NASDAQ. We also have some GMO modified silkworms, but without proof of mass production and sales, again it would be a very difficult case to convince NASDAQ that these were worth $80 million.

Why not accomplish steps 1 and 2 before calling a shareholder's meeting? The reverse split seems to be the easiest step in this process, not the hardest. Because KT seems to be in a hurry AND doing so in an apparently illogical order, I have to conclude that something is pushing him to get this done fast. And it's not uplisting.

What is the reason for the rush? This is not a rhetorical question, but a genuine conundrum for me at this moment.