Kraig Biocraft Laboratories Inc (KBLB)

[Money4Nothing-M4N]

I believe that if we are still in a QP, and since we know that the articles of incorporation were not amended to reflect the RS prior to 23 JUL, the final S1 would have to have been changed for this to still be a go.

The S1 clearly stated that:

“On or prior to the effective date of this registration statement ...we will amend our articles of incorporation to effect a reverse stock split. At our 2019 annual stockholders meeting, our stockholders approved a reverse stock split ...with the exact ratios to be set ...by our board of directors in its sole discretion and approved and adopted the articles of amendment to our articles of incorporation to affect the same.”

I believe that removing the part about the shareholders and just saying that it was approved by the BOD would get the job done. That’s a possibility and could explain why we are still in a QP.

I admit to having zero expertise (or experience) in this matter. So anyone else’s theory is as good as mine.