Kraig Biocraft Laboratories Inc (KBLB)

[Deannie]

“(out of the 3 million shares) from that warrant. He received a total of 2,434,211 shares (in order to make it a cashless exercise, so he wouldn't have to pay anything) Since the shares cost $0.001/share, the total cost was $2,434.21. That amount was paid with the 65,789 shares that he didn't receive (at about 3.7 cents/share).”

So Jon effectively decided to sell nearly 66K shares at around $.037 - rather than keeping them and paying $2500 cash to retain all 2.5 million shares. Clearly, if Jon felt the stock was going higher he’d have paid cash and had more shares that could be sold at a higher price later. That he DIDN’T do that suggests Jon’s both hard up for dough, AND that he doesn’t think the pps is going higher. Some were giddy about this 2.5 million share transaction, thinking it meant KBLB was ready to “launch” but didn’t bother to think about the implications. I’m no Wernher von Braun, but I’m not getting any warm fuzzies over Jon’s deal - quite the opposite, in fact. When it comes to “KBLB” and “launch”, Spydasilk comes to mind and that’s not a good thing.