Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

But, some don’t think he will go for the uplist before Thanksgiving. This would give more time to get the $4 mark.

The mark is actually $3 and $2million in net tangible assets. Or he could go the $2 route but he would need to stay above that for 90 days. I believe he is aiming for the former.

This brings up the fact that if Kim wants to uplist before Thanksgiving, he will need to announce financing of close to $5million dollars. There's no real way around it (besides getting a sales contract with upfront $). We have to have this on the books to uplist. Within the next 8 weeks, we will very likely wake up to a financing deal that will give Kraig Labs enough upfront money to cross the $2million NTA and get everything running full bore in vietnam until sales start to roll in and supplement additional buildout of the 126 acre campus.

My preference would be a $5-$10 million Financing. The terms he would get for this contract won't be as good as one he would receive if we were on NASDAQ. so just enough to get sales going would be my preference.