Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< New S-1 amendment dropped. >>

There was basically only 1 change - they added the number of shares (1,904,762) underlying the warrants. They probably forgot to put them into the last S-1A.

But that is bad news for shareholders, since it means that about 500 MILLION more shares (or about double the amount of shares) will need to be registered (at the current share price). That is about 50% of the current O/S.

In other words, KBLB will be diluting about another 500 MILLION shares, which will most probably result in a halving of the share price.