Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

What Is Death Spiral Debt?-Excerpt

Death spiral debt describes a type of convertible bond that forces the creation of an ever-increasing number of shares, inevitably leading to a steep drop in the price of shares.

In general, convertible debt is a bond that yields interest but also can be converted to a number of stock shares. It is a hybrid security with some attributes of both a bond and a stock.

The type of bond that can cause the death spiral effect is a convertible bond that can be converted to a set dollar value, paid in shares.....

Theoretically, the death spiral effect can continue until the stock is at or near zero value.

Death Spiral Debt Explained-Updated July 23, 2021

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Please explain how this is a "death spiral."