Replies to post #161055 on Kraig Biocraft Laboratories Inc (KBLB)

[Cluck Kent]

I wholeheartedly agree with your assessment, Money, it's fairly plainly laid out, and being a lawyer, Mr Thompson is likely especially aware of the legal issues he could incur via the wrong language. It also seems fairly clear this is all about getting more financing and backing by 'some' means, as a meeting getting called like this after 6 years indicates some sort of urgency or needs, which from what I've seen and experienced of reverse splits is almost always about some money issue. It would make sense also that the release of the PR at the same time about getting a go ahead to expand 'financially from the Vietnamese is not a mere coincidence. At the same time, Kraig already has a 60,000 foot factory, so if they want to expand further and want to procure financing for it, they must feel that the assessment of the initial factory and production has been successful. In other words, expansion on 'nothing' would make zilch sense at all, especially to a lawyer who understands the legal hassle of what would essentially be a con job. It's not likely Mr Thompson would risk his time, holdings, and legal reputation by doing something as reckless as that, especially not after so many years of hard work on this project, all the negotiations, and other peoples involvement. It's more likely that a reverse split at this time is connected to the recent PR's we've seen projecting a definite 3-4th quarter production timeline, and if there are some buyers or contracts in the pipes for that production, it would make sense that one might try to coordinate that with a simultaneous uplist to really give bones to an announcement of a first of major deal involving production. Chances are the intention of this reverse split is a positive one rather than a negative move, whereas on the other hand there is always an element of risk when it comes to this kind of a maneuver. It's likely the company and Mr Thompson are trying to 'time' this RS, and it's tied to some financing or production issue that's in the works but it's also a contingency, which would explain why there are issues of production that haven't been explained clearly yet, since they can't say for sure 100% either at this point. So, X + ? = 'wait and see!', or ?. As we all know, there's nothing in the stock market biz that's 100% sure, and even big stocks on the major exchange have all sorts of problems with Tariffs, Politics, Laws, Banks, etc, so 'we pays our money and we takes our chances!'

[Janous]

We're going to disagree. It is possible he will dilute. But legally, just because he says this is not a step to privatize, does not legally bind him to any action. By his votes he will be the BOD and can change his mind at will. Specifically states he will have the majority and will do what he wants, even if the rest disagree. Bottom line. And the bottom line is really all that matters.