Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

No 'minimum Bank financing from Vietnam'

Material events have to be submitted to the SEC in the form of an 8-K. The timeline is short, probably 3 business days after the paperwork is signed. If we had bank financing from Vietnam, everyone would know about it.

Vietin Bank had representatives at the event. They loaned money to farmers to help them purchase and grow mulberry trees. This money went to purchasing the trees themselves, fertilizer, and pumps for irrigation.

Members of this co-op are now providing Prodigy with mulberry leaves. KBLB benefited from this investment. But KBLB did not receive a loan from the bank.

The 6.5 m of .2299 warrants have not been exercised yet. Whoever got these warrants is given a window of time when they can be exercised, probably around 2 years. At the moment, our share price is below .2299, so no one in their right mind would pay 23 cents/share only to have them lose 4 cents in value right away. If the share price hits a dollar, then whoever has those warrants will almost certainly exercise them. Whenever that happens, KBLB will have to file another 8-K.

Just trying to correct misconceptions here.