Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

"it delayed the starting time for his BoD."

bingo!...

"hopeful that the new board will encourage Thompson to reverse split from a position of strength, not a position of weakness."

which is why he has not formalized them...thus they have no power to influence nor delay/stop him..

plus, I suspect, they are likely quite happy to not be involved in that r/s fiasco...

"If Thompson goes ahead with the reverse split before then, he will need to do a 40-to-1 split to maintain share price. Even still, I believe the reverse split will tank the share price, equivalent to a 5 cents/share average ($2.00/share after a 40-1 split)."

if there is no news and kim r/s to 8 bucks, the pps will drop by half within days...when he announces that he will dilute a few million shares, the pps will drop by half again...

if kim puts out news, it is going to have to be blockbuster news because nothing less will help the hard dropping pps...
$10 mil in legit financing, partnering with UA...$10 mil army contract..

im not betting on anything like that happening...

kim is going to go for the highest r/s and grab as much cash as he can with dilution and he doesn't give a damn where the pps drops to..

THATS why he doesn't want to see a drop right now below 20 cents...its because he wants 8 bucks when he reverse splits..cause he knows the pps will drop like a rock...and he doesn't care...as long as he gets his cash..

and that's why he doesn't have the bod set up...because he doesn't really need them or want them...he damn sure doesn't want to have them involved right now..

but hey, then again, maybe not..