Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< if you do it for the month as a whole, it was 20%... >>

OK, I will agree with you that KBLB is selling at a MINIMUM 20% discount (even though it can be a lot more, depending on circumstances).

According to the docs, KBLB is supposed to dilute at the “Market Conversion Price”, which is basically 80% of the LOWEST VWAP for the prior 10 days.

"“Market Conversion Price” means, as of any Conversion Date (as defined below) or other date of determination, 80% of the lowest VWAP of the Company’s Common Stock during the 10 Trading Days immediately preceding the Conversion Date."

https://www.sec.gov/Archives/edgar/data/1413119/000149315221006956/ex4-1.htm

So the dilution will have a 20% discount at a MINIMUM, but it could be much more.

For example, if the prior 10 days have the following VWAPs:

.10
.10
.10
.10
.10
.08
.10
.10
.10
.10

Then KBLB will dilute at 80% of 8 cents (or 6.4 cents).