Sunday, January 15, 2012 11:51:15 PM
I believe that this has gone on long enough to suggest that certain arguments stated as facts will never be proven.
The involvement of CSC, SWA, QS, and various other underwriters, and promotional newsletters in the early financing of KBLB, whether positive or negative for KBLB does not need to be proved or disproved because the entire subject of development stage financing will soon become moot.
KBLB will soon no longer be a development stage company.
I believe that it is likely that KBLB will show income by 2Q 2012 and profitability by 1Q 2013.
Note to nobody2: PPS of $1 is usually not sufficient to bring a stock to the big boards. $5 is the traditional amount, sustained over a reasonable span of time, two or more quarters.
That said, if a company is making a steady profit and the stock is at $1 and rising fast, it is not unheard of to "rush" a stock onto NASDAQ or NYSE, especially if the company has been a fully reporting one for years.
Mike L
Recent KBLB News
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