yes, there has been dilution and there will be more dilution...but its been very minimal so far...and i see no indication that yorkville has sold any of their shares....as yet...
the yorkville deal, this time around, is different...it is up to kblb to decide whether or not to obtain money in return for shares...and they can do so in any increments they choose...and the discount yorkville receives is 5%...and no, kim never said he would get all the $5 mil from dilution...he doesnt need $5 mil to do what needs to be done to get to the point of revenue...
the amount of shares registered, 208 mil, is what yorkville and kblb agreed to...it does not mean they intend to use all those shares...
from the pr announcement regarding the SEPA...
"Kraig Labs structured the SEPA to allow the Company to access capital over the next 36 months, when and how it determines best for the growth of spider silk production and end-market development. The Company is under no obligation to utilize this funding, has no minimum use requirements, and it does not impose any restrictions on the Company’s operations. This agreement gives the Company the flexibility to access the capital necessary to bridge its transition to revenue generation."...
he needed access to cash that could take kblb to the point of revenue generation...at that point he may have no futher need for yorkville...of course if the pps were at $1, he may indeed dilute 5 mil shares for $5 mil cash...why not?...lol
"The S-1 shows that KBLB believes that the average price will be around .048"
this is absolute utter bullshit.....
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