Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

Of course 100-to-1 is in the realm of possibility. Thompson put it there with the SEC filing. He did that the very same day the contract with MtM was announced. Obviously he was hoping the contract would draw attention away from the new high ratio. Didn’t really work out with investors.

Any CEO who knew that a high-ratio split was outside the realm of possibility would immediately change the ratio and PR the fact. That would provide a small boost to shareholder confidence. It would be irresponsible of Thompson to behave otherwise.

Thompson sees the possibility that the reverse split will need to be as high as 100-to-1. You may think otherwise, but his vote is the only one that matters. WebSlinger did a good job of describing situations where this high ratio might be needed.

Why Thompson couldn’t wait a few days after the contract was announced to see the impact the news has on share price BEFORE triggering the change, I may never understand. But he did it because he meant it was possible. He still feels the same way.