Home > Boards > US OTC > Miscellaneous > Kraig Biocraft Laboratories Inc. (KBLB)

you know what im against?...a company funding itself

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TRUTH   Wednesday, 06/24/20 01:44:16 AM
Re: igotthemojo post# 192955
Post # of 201940 
Quote:
you know what im against?...a company funding itself on nothing but dilution for 11 years...and then when they are dead broke, the ceo sells his personal shares, loaning the money to the company so it can be in debt to him, and only him...and then he decides that right about then is a good time to dump a couple hundred million shares, r/s and maybe even jump onto Nasdaq...I guess because things are going so well?...




Though Kim is due past wages, etc...

Will he expect remuneration directly after the offering?


Quote:
11 years of dilution before revenues and then when dead broke, try to dump a couple hundred million shares in one fell swoop....BEFORE REVENUES...




Not the greatest of selling points for KBLB...

The NASDAQ will likely be asking multitudes of questions going forward.


Just makes me wonder if that was the best deal Kim could've sought out...

Or the ideal one, given the July 23rd time frame he imposed.


I recall a time he was working on terms with a New York financier...

Quite some time ago...

Which he took off the table, citing it would've taken an undetermined time and shareholders were getting a tad antsy.




TRUTH


I've never claimed to have all the answers but feel i'm beginning to corner the market in questions worthy of them.
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