Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< The shares were at a 20% discount…in the second deal, the shares were at a 15% discount… >>

It wasn't a plain discount. Those discounts were given against the lowest VWAP over a 10-day period of time, which leads to a much greater discount.

All one has to do is compare how much KBLB sold shares for during a specific dilution vs the share price during that same day.

For example, if we take a look at the very first batch of shares that were diluted on 23 Apr 2021, KBLB diluted 836,574 shares to pay back $100,000.

"On April 23, 2021, the Company issued 836,574 shares of Common Stock in exchange for conversion of $100,000 of principle balance on a convertible debenture and $1,644 of accrued interest."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223031488/forms-1a.htm

That amounts to $0.11954 per share. But the closing price on that day was $0.16050 per share. In other words, YA II PN got the shares at around a 34% discount. The same thing happens every time they diluted another batch.

<< Isn’t that exactly what yorkville did?… >>

And it was probably what everyone that bought from YA II PN did as well.