Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

There have been (false) statements made that claim that YA II PN (aka "Yorkville") cannot hold more than 4.99% of the outstanding shares. That is incorrect. They can hold as much as they want. They just have to give KBLB a 65 day notification:

"The debenture holder may not convert the Convertible Debenture if such conversion would result in such holder holding in excess of in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of interest, unless waived by the holder with at least 65 days prior notice to the Company (the “Ownership Cap”)."

https://www.sec.gov/Archives/edgar/data/0001413119/000149315221006956/form8-k.htm