Kraig Biocraft Laboratories Inc (KBLB)

[sojomy]

"First, making the stock pop and enacting the r/s immediately isn't an option."
which is why i didnt use the word immediate...

Ok, sure, you didn't use the word "immediate". Semantics. You said
"if he pops the pps to .50 and then does a 1-10 r/s at $5, what good is that? the pps will likely drop back down right after and then lower with the money grab...so what good is a r/s to 5 bucks that ends up being 2 bucks a couple days after?"
so you're still insinuating that the r/s can be declared & take effect in 2 days or less, which is false.

"The effective date of a r/s cannot be less than 10 days after the effective date is announced."
well there are exceptions to every rule...

Please show me one exception to this rule. Can you provide one example of a company announcing a r/s or even just filing the r/s with the SEC and the r/s actually happened in less than 10 days? Just one will do.


The rest of the reply was just false conjecture or dismissive for lack of a valid argument. The only correct thing is "finra is not a gov agency". This is true, but the SEC authorized the formation of the NASD for governance & regulation, and FINRA is the successor and replacement for the NASD. The SEC oversees FINRA and acts as the first level of appeal for actions brought by FINRA. Governing & regulating the OTC is part of FINRA's purpose, so I'm pretty sure they do care about the OTC. The primary mission of the SEC is to protect investors and maintain the integrity of the securities market — both formal exchanges and over-the-counter (OTC) - so I'm sure they care about the OTC too.