Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

I think it would depend on if he still had equity or not. Polartec/Milliken are private so no way for us to know.

And it wouldn't be illegal for someone to be on the BOD with conflicts of interest. But they would be required to recuse themselves of any decisions that could potentially be a conflict of interest. This would lead (in KBL's case) to too few Independent directors residing over a particular decision which would result in not satisfying NASDAQ guidelines. They would need additional independent directors in this situation.