Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

What happens to the remaining 160 million or so registered shares?

First of all, and this is a point that I can not stress enough, Registered and Authorized shares are NOT the same as Issued shares and outstanding shares.

To steal a line from Inigo Montoya: "I don't think that word means what you think it means"

There would be nothing "to do" with the registered shares because they wouldn't exist. In fact "registered shares" are probably not what you think they mean. It just means registering existing shares to someone's name. But that's moot because theres a big difference between "registering shares" and "Registered shares" notice the caps. The shares that this "registration Rights agreement" was registering, is authorized shares.

But like I said, it doesn't matter. The only shares that should really matter to shareholders are "issued" and "outstanding" shares.

Why 40?

40 mil would be the calculated amount of shares they would receive if they converted at this current share price, which is just why I used it as an example. But regardless, they can only hold up to 4.99% of company ownership at a time without having to go through a 65 day approval. So even if the price dips for a brief period, they can't snatch up, in reality, more than about 50mil shares at a time