Replies to post #150332 on Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

Exercising the warrants...

Mojo, the warrants can be used to buy additional shares from KBLB right now. The information can be found in an attachment to the 8-K (I can see these in a sidebar when I pull up the 8-K.)

(iv) The Holder will not, during the period commencing on the date of issuance of the Shares and ending on the first anniversary of such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (the “Restricted Period”), offer, sell, pledge or otherwise transfer the Warrants or Shares in the United States, or to a U.S. Person for the account or for the benefit of a U.S. Person, or otherwise in a manner that is not in compliance with Regulation S.

This means the Holder cannot sell his shares (even those purchased through the warrant) in the US until a year is up, but the holder can buy shares right away.