AI
Friday, October 08, 2021 4:14:48 PM
According to SEC filings, KBLB started to repay the toxic convertible debt on April 23rd.
Since then, the nonstop dilution has torpedoed the stock price down from 16 cents to 8 cents, a drop of about 50%.
In addition, KBLB is paying about a 30% premium to pay back the debt (10% interest on the loan, and a 20% discount on the share price).
I don't see how a 50% drop is considered "holding up pretty well".
Recent KBLB News
FEATURED Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
