Followers | 16 |
Posts | 4583 |
Boards Moderated | 0 |
Alias Born | 04/13/2016 |
Sunday, December 13, 2020 8:11:57 PM
The Friday PM release of bridge loan allowed some time for the news to settle. First, it seems obvious that a larger financing package through Maxim is on hold for the moment. If KBLB was close to a big infusion of cash, this loan would not be necessary. Also, the State of Wyoming website does not show any updated filings that are necessary before a reverse split can occur.
Releasing the news on Friday after close indicates Thompson felt this would be mixed news at best. The real question is why he chose this path rather than to continue with his own dilute-sell-loan system he has used over the past several months.
I have no answer to that question. My impression is that Thompson could have continued to award himself shares, sell them, and loan the proceeds back to the company for a while longer. Perhaps the need to be fully reporting (for an uplist down the road) meant he didn’t want to have to make this scheme quite so obvious to everyone.
Even still, I think that Thompson feels like he will be able to repay the loan, one way or the other, in the not-too-distant future. I continue to expect production news any day now. If KBLB stays silent for the rest of the month, I expect the stock to go thru a rocky and unpleasant period.
Here is hoping for some positive news on Monday, modest though it may be.
GLTA
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/16/2024 09:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:52 PM
- 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
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM