Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< It's opinion... >>

Not opinion at all.

It comes directly from the S-1A filing from KBLB.

"This is a firm commitment underwritten public offering by Kraig Biocraft Laboratories, Inc., a Wyoming corporation (the “Company”) of 1,904,762 units (the “Units”), based on an assumed initial offering price of $5.25 per Unit,"

First, to get to $5.25 would require a reverse split of around 200:1.

Are you saying that KBLB is lying?

Second, a 200:1 reverse split would mean that KBLB is offering about 400 MILLION shares.