Kraig Biocraft Laboratories Inc (KBLB)

[Jakito]

Jon Rice seems to think this is just a setback, you have respect for him no? perhaps as he is closest to the process he would know best?

Of course there will be dilution, most companies dilute, but I expect this will be on reasonable terms. Perhaps a bridge from the mysterious private investor which will take us to initial production & sales, then once confidence returns and the process is proven go for the up-list later this year along with a simultaneous share placing. There are options.

He couldn’t do it in Vietnam, in winter, with brand new workers, on their very first attempt. This by no means equates to it not being possible.

Bottom line, Kim lost the more paper wealth than all of this board combined over the last week, and he will be feeling the drop today, he’s not spent the last 10-15 years to get to this point and let the company fail.

The depressed share price may continue for a few weeks/months but I strongly suspect by the end of the year (and probably much sooner) you’ll regret not buying in again.