Replies to post #145879 on Kraig Biocraft Laboratories Inc (KBLB)

[jetow]

“don’t kid yourself...kim would never loan money that he couldn’t get back one way or another....even if it meant shareholders get nothing.”

We agree on that point, however if the company fails he could risk losing the entire amount.

[WebSlinger]

<< but at last count, years ago, he was down around one hundred million shares... >>

This was from the last 10K (from 2017):

Kraig Biocraft Laboratories, Inc. (Kraig) is a Wyoming corporation. Our shares are traded on the OTCQB under the ticker symbol: KBLB. There are 816,847,910 shares of common stock issued and outstanding as of March 13, 2018. Kim Thompson, our founder and CEO, owns approximately 28.18% of the issued and outstanding common shares. There are 2 shares of super voting preferred stock issued and outstanding as of March 15, 2018, all of which Kim Thompson owns.

According to that, he still owned around 230 million shares (or around $11 million) at the end of 2017.

[es1]

Mojo how would he ever get what's owed to him
If the company went into bankruptcy what little the company owns would be sold at a fraction of its declared value.

It wouldnt be enough to pay the lawyer let alone give Kim what hes "owed".

I am sure you would like to think he could close up shop and pay himself and walk away but that cant happen. You should stop trying to imply that it could