Replies to post #150903 on Kraig Biocraft Laboratories Inc (KBLB)

[faithabides]

No you are wrong.

“Under previous guidance, the rules regarding going concern disclosures were included in the auditing literature, not in the accounting rules. The auditor still has an important role to play in auditing going concern disclosures under the new standard, but the FASB standard now places the disclosure responsibility on management. Auditors will now review these disclosures along with other evidence as part of their audits.”

[rayovac812]

There are questions you need to be asking. At the time of the writing of this document, was it there originally or did the SEC kick it back and insist that it be put early in the filing? Was this prior to the recent money from an investor? We know it is front and center, but there is little reason for me to be concerned knowing they have money for additional production.

Maybe the SEC forced them to scramble to get the recent financing and someone from Vietnam stepped up.