Kraig Biocraft Laboratories Inc (KBLB)

[dadofduck]

Sorry but the fundamental flaw of what you are suggesting is the enhanced dilution that would have been experienced by going down your suggested route.

Instead of drawing on the line of credit with an amount of shares proportionate to the required drawdown value at prices like 0.20/0.16/0.12, he would be doing so with shares of a value of 0.01. Therefore it would have cost him(us) 20x/16x/12x as many shares.

For these reasons, personally, I'm glad he went the way he did. Otherwise we'd have had circa 12 months of MUCH increased dilution compared to what we have had doing it his way.