Kraig Biocraft Laboratories Inc (KBLB)

[es1]

I agree with you that the "forgiveness" could be just delayed pay but either way it is forgiven. If Kim was collecting his pay the company would have no choice but to dilute to get the cash to pay him. Since our finances come from CSC the company would have to sell/dilute to CSC to pay Kim.
So by not taking pay and selling shares he is saving the company a bundle.

Look at it this way. You are right that he will get his back pay when the company can afford it. By that time the PPS should be well over a buck. Kim make get his pay someday but the 3M shares he sells today at .05 are not going to be given back when they are a buck or more. He is losing the difference.

To benefit himself he should be diluting to get the cash to pay himself. He would not be out any shares and would have his cash too.