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Friday, January 03, 2020 8:51:58 AM
Precisely why we can’t uplist.
Currently KBLB has negative equity of perhaps $4 to $5 million, meaning the company will need at least $8 million to get us to where we need to be.
This equity cannot come from a loan of any kind, as loans decrease equity (since the loan must be repaid with interest).
Thompson perhaps has a potential exclusive licensing agreement that might provide a boost to our equity...
but with projected sales of $2.4 million in 2020
it seems unlikely that a company would invest more than a million or so to be able to buy all $2.4 million of our product next year.
That would be bad business indeed.
There is a plan that we are not fully aware of, yet, that will address these requirements and more.
Hopefully we see it come to fruition soon..
W2R
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/16/2024 09:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:52 PM
- 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
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