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Friday, April 23, 2021 10:38:18 AM
Yes, and everybody hated the Calm Seas deal. They cheered when KBLB cut ties with them.
But all of a sudden everybody loves the Yorkville deal.
This is your big rebuttle?
Okay, I'll play along.
I think most longs here knew that the Calm Seas deal was necessary at the time.
My biggest issue with the Calm Seas deal was that they were too small time. They didn't have a lot of capital. The old deal would only allow Kraig Labs to borrow $100k a month ($200k if both parties agreed). This was because Calm Seas had to turn around and immediately sell (no matter what the share price was) in order to recoup enough captial for the next months round. The 20% discount was not an issue, and pretty standard for microcap deals. Companies on National exchanges (NYSE/NASDAQ) normally get 10% discounts for these types of deals.
Kraig Labs only getting $100k a month was too small time for me and I knew it was never enough to really get things going with the company. It was, however, useful to keep the lights on, and dilution relatively low (compared to most developing biotech companies) for a 7 year period.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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