Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< It looks like Thompson is structuring this offering to include a discount via the warrant. >>

I don't believe that is correct.

This is from the amended S-1A:

"The Purchase Warrants may not have any value.

Each Purchase Warrant will have an exercise price equal to the per share public offering of our Units and will expire on the fifth anniversary of the date they first become exercisable. In the event our Common Stock price does not exceed the exercise price of the Purchase Warrants during the period when the warrants are exercisable, the Purchase Warrants may not have any value."

So it looks like the exercise price of the warrants will be equal to the share price of the offering.