Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

Me: "Financing."

Rayo: "That would be selling shares on the NASDAQ then."

No. KBLB cannot uplist until after the shares are sold. Maxim will have to sell the proposed shares while KBLB is still on the OTC.

What level of financing would be a win to you? .14 presplit?

The investors that MAXIM intends to sell to are not long-term holders. These are folks who want to make sure they can turn a quick buck. I'm guessing KBLB will have to price the shares around 6 cents in order to attract $24 million in interest.

Anyone purchasing shares at .149 would likely lose money in the near term. Perhaps in a year or so after this financing (and reverse split, if that happens) the share price will recover.

What terms are cause for calling them vultures today?

Without production and sales, KBLB is playing a weak hand. (That was the point of TRUTH's original post.) Weak hands don't attract angel investors. They attract vultures.

Would I break out champagne if Maxim sold $24 million in shares at .149? No. That's not a bad price, so I wouldn't be crying over spilt milk, but not much cause for celebration. What price would make me happy? Let's say I'd get a smile on my face at 50 cents.

But the problem, of course, is that no one is going to pay 50 cents for a secondary offering when you can buy shares on the OTC at 10 to 15 cents. I don't think they would even pay .149 at the moment. We were down to 11.5 cents recently and it won't take much to push KBLB down to those levels again. The offering will be considerably below 11.5 cents/share, if it ever goes out. That will bring the out the vultures needed to make the secondary offering successful.