Replies to post #141296 on Kraig Biocraft Laboratories Inc (KBLB)

[es1]

they have up to $2.2 mil to get them thru phase 1..thats financing..they need to explain that..whether they begged , borrowed or stole the money is irrelevant...it needs to be explained in a pr..

Nope. its not financing. Its "authorization" to spend "up to" 2.2m it is not possession of 2.2m

IF they get financing they will tell us. This just allows the government to keep people from pouring money into a company that is unproven.
Sort of the opposite of BT where hundreds of millions will be taken as a loss and likely a tax write off leaving the government kinda holding the bag for something they didnt invest in.

You are right that they need to explain where they are getting financing but I think they need to wait till they actually have it to report it