Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

Got a new theory for you. Involves our Australian friend George Gill who was credited with 60,634,347 shares in the latest S1-a.

Such Shares include 56,935,028 shares of Common Stock that are controlled by Mr. Gill and 3,699,319 share of Common Stock that may be
issued upon exercise of warrants Mr. Gill owns.

Those warrants just expired according to the latest 10q and happens to be about the same number of shares that were bought Friday and the last couple days. Mr. Gill also appears to be the investor referred to with the following warrants that were issued. The previous warrants were in the money and were exercised by Mr. Gill to give the company working capital.

On March 9, 2019, the Company entered into a purchase agreement with one investor (the “Purchase Agreement”). Pursuant to the
Purchase Agreement, the Company issued the investor 14,797,278 Units at a purchase price of $0.06758 per Unit, for total gross proceeds
to the Company of $1,000,000. The Units consist of 14,797,278 shares of the Company’s Class A Common Stock (the “Common Stock”)
and two warrants (the “Warrants”): (i) one warrant entitles the investor to purchase up to 14,797,278 shares of Common Stock at an
exercise price of $0.06 per share (the “6 Cent Warrants”) and (ii) one warrant entitles the investor to purchase up to 7,398,639 shares of
Common Stock at an exercise price of $0.08 per share (the “8 Cent Warrant”). The Warrants shall be exercisable at any time from the
issuance date until the following expiration dates:
? ½ of all $0.06 Warrants shall expire on March 8, 2021;
? ½ of all $0.06 Warrants shall expire on March 8, 2022;
? ½ of all $0.08 Warrants shall expire on March 8, 2022; and,
? ½ of all $0.08 Warrants shall expire on March 8, 2023.

For some reason, after those last warrants expired worthless, Mr. Gill may have decided to buy those 3,699,320 shares and it makes more sense to buy them on the open market between $.04-$.067 than to pay $.08 for them. Note the price that Mr. Gill paid for the initial shares of stock to get the warrants ($.06758) and how it coincides with the high on Friday ($.0677). I don't know why he would do this or how it makes any sense but there's just to many coincidences to ignore and it's as good or better than any of the other theories that have been thrown out there. Next S-1a update showing Mr. Gills share count could verify this.