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Alias Born | 04/13/2016 |
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Friday, December 06, 2019 9:01:48 AM
I am very excited that KBLB will be producing silk later this month. I realize we are on the cusp of commercial production and sales. I understand Prodigy will be ramping up production through the coming years. All of this is quite positive news.
Unfortunately, KBLB is laboring under the threat of a reverse split. The stated purpose of this reverse split is to increase share price so that uplisting to NASDAQ is possible. My point is simple: We don't have the shareholder equity needed to uplist. Any reverse split that occurs before we have sufficient equity will not allow us to uplist and will be taken as a sign of weakness by the market. Share price will drop significantly. Recovery will not take months. It will take years or more.
Under the circumstances, KBLB should put the reverse split on hold and allow share price to rise, reflecting positive developments.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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