Kraig Biocraft Laboratories Inc (KBLB)

[SUNYN75]

Here is the actual Quote

Notwithstanding the decrease in the number of outstanding shares following the proposed Reverse Stock Split, our Board of Directors does not intend for this transaction to be the first step in a “going private transaction”
within the meaning of Rule 13e-3 of the Exchange Act .

Not the first step in a going private transaction