Kraig Biocraft Laboratories Inc (KBLB)

[dadofduck]

Please tell me what does not make sense. Don't blindly make general accusations without backing up what you are saying.

Obviously you have not done the necessary DD and have no idea how our line of credit works. Let me spell it out

The deal with Calm Seas Capital is of this sort of nature:

Kim needs money, he calls Calm Seas, says to them he needs $100k this month. He chooses a date and for the five days prior to this date, the average share price is taken. Let's say this average PPS was 0.125. The deal with Calm Seas means they hand over $100k in return for the applicable number of shares at the average share price less 20% (their discount as part of the deal) = 0.10. So Kim gets his $100k and calm seas gets 1M shares (meaning 1M shares of dilution.

If he had done it your way, there is no reason to suggest his costs would be different so let's say he again asks them for $100k. This time the PPS is 0.01, less the 20% so this means Kim gets his $100k and Calm Seas gets 12.5M shares (meaning 12.5M shares of dilution).

Personally I prefer it Kim's way. Do you still prefer it your way?

(BTW all if I have any of the details a little off base, please correct me but I think I have the general drift correct)