Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

So in your scenario they would excercise $1mil which would net them 8mil shares

My bad. I assumed the math from your comment was correct so I used it in my example. $1mil would actually net them 20mil shares. So it would actually put even more of the unconverted debentures at risk.

Like I said before, even if it was legal, it wouldn't be worth it.