Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

"Kim IS the BOD."

but that's not what Nasdaq requires....they require a real BOD with independent directors who will conduct oversight with the shareholders best interest in mind...regardless of whether or not kim can override them...they exist and will be heard...

kim could forego the BOD by claiming he is virtually king of kblb...but he declined to do so....thus a REAL BOD is required...

it would be very problematic for kim if the BOD were to declare that they were against kim's actions in regards to an s-1 and r/s as they were not in the shareholders or company's best interest...

kim could still do what he wants...but it had better work out...otherwise the blow back would be very disconcerting for him...

I don't think kim anticipates any problems with the BOD....once this s-1 fiasco gets done and then the BOD gets seated...