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Friday, November 17, 2023 1:27:22 PM
That document is already a month and a half old (it was posted on 30 Sep 2023).
They had $3,862,716 in cash on 31 Dec 2022, and they had $2,894,555 on 30 Sep 2023. That means that they have spent almost $1 million since the start of the year.
<< far away from having "more dilution coming" as WebSlinger always says >>
More dilution IS coming.
First, KBLB owes the Douchebag CEO over $6.2 MILLION. The cash on hand won't even cover that.
Second, companies don't wait until they have $1 in cash. They will need to raise money at least a year before they run out.
Third, as can be seen from the last 2 dilutions in 2021 and 2022, it takes many, many months to dump shares. The 1st dilution took 10 months, and the 2nd dilution took 7 months. In addition, it takes many months to find a lender and come to terms.
Finally, expenses are increasing. The CEO gives himself a GUARANTEED 6% pay increase EVERY YEAR. That will also increase the 20% GUARANTEED bonus that he gives himself.
That means that more dilution is most probably coming in 2024.
![Bearish](/static/images/ih2-bear.png)
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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