Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

“Regardless, KBLB is about to secure $24M ...”

Not true. If it were true, KBLB would not have taken out this loan. The funding plan is on hold for a while. Probably it became clear that Maxim’s investors wanted to see successful sustainable production and revenue. They may have also insisted on KBLB becoming a fully reporting company without Thompson’s secret share awards, sales, and loans. If KBLB goes belly-up, Thompson walks away with all of its assets. Combine that with his super-voting shares and Thompson alone is in complete control. Not a good look for a corporation asking for a big infusion of cash.