Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

*****Summary of SEC 10-Q / 2nd Quarter Financial Report*****

- $0 revenue
- Still NO COMMERCIAL PRODUCTION - Inventory hasn't increased since 2023 10-K (iHub post #280200)
- Cash decreases over $500K (massive dilution coming ""soon"")
- Kings / MtheMovement / Spydasilk Enterprises scrubbed from financials (iHub post #280184)
- KBLB no longer using Lam Dong facility, and trying to terminate lease - this was supposed to be HQ for Prodigy Silk (iHub post #280331))
- Still no word on Prodigy Silk since 6 Mar 2024 (when it was announced)
- Interest owed to the Douchebag CEO increased from $2.5 MILLION to $2.9 MILLION year over year (that is $400K in income from interest alone)
- General and Administrative increased almost 400% year over year
- Officer's Salaries increased 37% year over year
- KBLB still paying off debt from Notre Dame
- Warrants for over 6 million shares were fully diluted last week (iHub post #280115)