Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< So instead of GREAT CEO continually diluting the SP he loaned the company money to protect investors. What a horrible guy. >>

That is correct, Kim (the magical CEO) IS horrible.

He could have just had KBLB dilute shares (like almost all penny stocks) to keep the lights on and pay the bills. If he did that, then there would have been no reason to "defer" his salary.

But he has decided to go an extra few steps in order to fill his pockets with shareholders money.

First, he tacked on 10% COMPOUNDED interest to his "deferred" salary.

Then, he tacks on 3% COMPOUNDED interest to the loans he gives the company.

That is highway robbery.

Kim is adding undue burden to the company and driving it into the ground.