Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

LMAO! It's a standard boilerplate/CYA disclaimer...

Here are a few reasons why this type of statement is commonly used:

Disclosure Requirements: Publicly traded companies are required to disclose potential legal risks to investors. This statement helps meet regulatory requirements by acknowledging the existence of legal matters without going into specific details that may not be material.

Risk Management: It serves to manage investor expectations by indicating that legal issues are a normal part of business operations and are being monitored and addressed by the company.

Materiality: The phrase "none of which at the time are considered to be material" reassures investors that any current legal issues are not expected to significantly impact the company's financial stability or operational capabilities.

Standard Practice: Including such disclaimers is a standard practice across industries to provide a level of transparency while also protecting the company from potential legal liabilities.

Overall, this type of language is intended to provide a balanced view, acknowledging that while legal issues may occur, they are not anticipated to threaten the company’s viability.

Thanks for continuing to confirm the ongoing smear campaign against KBLB is "alive and kicking!" Let's hope when the cease and desists are handed out the same commitment to expressive beliefs is followed.