Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Why not provide some context around any potential reverse split, such as the price target range and midpoint target of $5.25 noted in the S1? Would this not be useful information for people looking for information about the company?

Price would need to organically drop (or be manipulated down) to $0.0525 for 100/1 to be relevant. >>

$5.25 is the price of the offering to "special" Maxim investors. That price will be at a discount to the share price. As such, the share price will probably be 20-30% higher (or about $6.30-$6.83). In addition, once a reverse split is announced, the share price will fall even lower. That means that the share price would have to be higher than that range in order to handle any drop.

So 100:1 is not outside the realm of possibility. And that is why the CEO increased the maximum from 40:1 to 100:1. He knew that there was going to be a lot of dilution over the next 12 months from the toxic convertible debt that KBLB took on, and the share price was going to fall quite a bit.