Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

The timing has never been announced by KBLB

At the moment, it would be a bad idea to go through a reverse split. Given the share price of around a quarter, KT would have to use a 40-to-1 split to move the share price to $10. The price will take another big hit from investors who perceive this as a sign of weakness. The share price might not even hold at the $4 level.

Of course it could go up again if good news were released, but uplisting will be the most successful if done from a stronger hand.

Uplisting before the board is appointed may also delay our application. Nasdaq wants a functioning board and we don’t have that yet. Having a board vote on such a move is sensible.

If we reverse split before the board meeting, investors will be suspicious about KT’s motives and the share price will suffer.