Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Everything that is being done, is allowable by their standards of practice... >>

That is incorrect.

Kim (the CEO) is required BY LAW to report ANY changes in the amount of stock that he owns by filing SEC Forms 3, 4 & 5:

"The federal securities laws require certain individuals (such as officers, directors, and those that hold more than 10% of any class of a company’s securities, together we’ll call, “insiders”) to report purchases, sales, and holdings of their company’s securities by filing Forms 3, 4, and 5. "

https://www.sec.gov/files/forms-3-4-5.pdf

Since Kim is the CEO of the company (as well as the President, CFO, secretary, & "Board of Directors"), he is classified as an "insider". According to the most recent 10K (reported the other day), he has about 28% of the stock. That means that Kim is required BY LAW to file a Form 4 (within 2 business days) whenever his stock holdings change. According to 10Ks reported over the years, his holdings have gone down EVERY year. Yet he has NEVER filed a Form 4 for these transactions (which record the date of sale along with other pertinent information)? Why is that? It is obvious that he is trying to hide something. People don't break the law for good reasons. Could it be to cover up the fact that he pumps up the stock in order to sell his shares at a higher price?

The SEC investigation that is looking into KBLB will get to the bottom of this very soon.