Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Just read the S-1 and was wondering about the shares that we own. Do they get reversed or watered down? >>

The answer is "yes" to both. Shares will be both reversed AND watered down (aka diluted).

The details on the reverse split are not finalized yet, but it will be between 10:1 and 40:1. Kim indicated that he is aiming for $4 per share, so 30:1 or 40:1 are the only options that will work at the current share price.

KBLB will also be selling (aka diluting) around 125 million NEW shares for an offering to raise cash (to pay Kim's salary and pay the bills).