Wednesday, August 14, 2019 11:50:06 AM
neither am I...
"but if kim needs the money now, why wouldn't he just issue common stock like he always does?"
I don't believe he needs the money this minute...he has money that will last for a bit...but he didn't have anything much beyond that..
it was urgent that he have the ability to access more money....these warrants (hopefully) give him access to the money..so the need exists but the urgency is no longer there...
longer term, he still needs substantial legit financing..
again, I don't really know the warrants are in exchange for cash...that's just my opinion...
there are many variables involved..heck, it could be that kim had agreements in place to sell shares when needed...but maybe the investor wanted to lock in the pps now in case the price rises slowly before any big news comes out...which im guessing, he already knows it will..
IF these warrants can be turned into cash for kblb's needs, this $2 mil coupled with the March warrants, give kim access to $3.5 mil..
just for info...the investor in March paid $1 mil cash for 15 mil shares and warrants totaling another 22,195,917 shares...
the value of all that today stands at $8.9 mil...
of course, when he exercises those March warrants, he will have to cough up about $1.5 mil...but since those warrants are now worth $5.3 mil, I guess he'll manage ok...
Recent KBLB News
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