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Saturday, August 29, 2020 1:46:29 PM
That is incorrect. The current range stated in the S-1 is $4.25-$6.25. They just used $5.25 as their example because it was the middle of that range.
I was trying to get an answer from Webslinger on what reasons there would be to go above the minimum needed to get on NASDAQ. The amount of dilution will be the same no matter what ratio they use. Webslinger has debunked the issue that KBLB would do it to discount the warrants. A lower RS ratio would keep the number of shares up to provide more liquidity which is good for current and Maxim investors.
I don’t know why a new investor would need a discount on the share price either if they are getting a free warrant and a share for whatever the current share price is. I’ll take that deal any day.
KBLB has moved beyond being strictly a R&D company now and even though they weren’t able to get any product sold before their little disaster they should have gotten plenty of data from their initial expansion group of silkworms that they should know costs and how many pounds of silk cocoon they are capable of producing to give new investors an idea of how profitable the production phase could be. That and the current low share price is what should get Maxim investors excited.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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