Kraig Biocraft Laboratories Inc (KBLB)

[sojomy]

$1 Million/yr. is not that grandiose an income for someone in Kim's position. He probably made more than that a year while working as a lawyer.

AHAHAHAHAHA, seriously?!? He's not Johnny Cochrane! How much do you think that average lawyers make?!? KT was not a big shot lawyer, and he was not making anywhere near $1 million a year! Average lawyers, even in very high-income cities usually top out around $200k/yr. Even if he was a super big shot, he would only be making a quarter to half of that much!

Yes, he is a CEO, and as far as publicly-traded CEOs go, $1 million a year might not be much, but he's also the CEO of an OTC-traded company, not the CEO of a NASDAQ or S&P company. My boss is the CEO of his company, but he doesn't make more than $60,000/year. Just having "CEO status" does not imply any earned or deserved salary amount.

I wish everyone would stop reading into or misconstruing the point behind my original post. My original point was that every time the filing is made public, people are saying that he's just selling a small amount his own shares to get a small amount of money to live off of. Anyone here who thinks that $1 million / year is "just a small amount of money to live off of" is clearly out of touch with reality and the current economy. If you can barely live off of $1 million / year, you must have other issues. That's it. I never said anything about whether or not he or the company should be selling shares at all, or how they should be doing it.