Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< you're blowing the whistle on the fact they used 1.6M of 4.5M in a year? >>

Yes.

First, KBLB blew that money in about 10 months (and not a year). That means that they were spending about $1.9 MILLION per year (and not $1.6 MILLION).

Second, they blew it during a timeframe when pretty much nothing was happening (except for the Douchebag CEO stuffing money into his pockets), and spending has increased as of late.

<< I guess that means we got 2 more years before we'll need to dilute? >>

WRONG AGAIN!

First, they had $2.9 million at the end of last September. That was almost 6 months ago. They probably have about $1.7 million now, which means that they have less than a year's worth of cash left.

Second, nobody in their right mind would wait until they are almost broke before they try to get another cash infusion.

Third, spending has increased over the past months, since they have hired more consultants, are paying for a new warehouse, etc.

I expect to see an announcement for more dilution "SOON".