Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

***NEWS***MASSIVE DILUTION COMING***

It looks like over 200 million shares will be diluted. That is about 25% of the entire O/S.

In the recent S-1 (dated 5 Apr 2021), it says that KBLB will dilute 5 times the number of shares (over 207 million shares) that are required for the $5 million in toxic convertible debt that they have taken on:

"Common Stock outstanding prior to completion of this offering (1): 856,746,795

Common Stock outstanding after full conversion of the Debentures and exercise of the S1 Warrants (2): 1,064,496,992"

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315221007987/forms-1.htm

"Pursuant to this prospectus, the selling shareholders identified herein (each a “Selling Shareholder” and, collectively, the “Selling Shareholders”) are offering on a resale basis, up to 207,750,197 shares of common stock, no par value per share (the “common stock”) of Kraig Biocraft Laboratories, Inc. (the “Company,” “Kraig,” “we,” “our” or “us”). These shares include: (i) 160,875,161 shares of common stock underlying secured convertible notes pursuant to that certain securities purchase agreement dated as of March 26, 2021 between the Company and Yorkville (the “Yorkville Transaction”); (ii) 8,000,000 shares of common stock underlying a warrant issued pursuant to the Yorkville Transaction; (iii) 35,750,036 shares underlying the A&R Convertible Debenture (as hereinafter defined); and (iv) 3,125,000 shares of common stock underlying a warrant issued on December 11, 2020."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315221007987/forms-1.htm

"Pursuant to the terms of related securities purchase agreement between the parties, the Company agreed to register the five times the amount of shares underlying both debentures"."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315221007987/forms-1.htm

It is very odd that a company would dilute multiples more than required.

It sounds like it isn't going to end well for shareholders...