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WebSlinger

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Saturday, 03/16/2024 11:01:08 AM

Saturday, March 16, 2024 11:01:08 AM

Post# of 276182
*****MORE DILUTION COMING "SOON” (UPDATED)*****

KBLB just diluted another 5 MILLION shares yesterday (on 15 Mar 2024).

There was no warning and no explanation.

This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):

"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm
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Volume:
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