Replies to post #165901 on Kraig Biocraft Laboratories Inc (KBLB)

[Spumoni]

I “hope” you’re right and that good news starts flowing soon!

[DimesForShares]

But the plan to uplist is secret.

Hope said:

This one is leaving the OTC and has a plan to do it before Thanksgiving.

Only a part of the plan has been disclosed. We need 3 things:

1) A share price of $4 or above;
2) A shareholder equity of at least $4 million;
and
3) An independent board of directors.

Hopefully the reverse split (to increase share price) will be done after the board members are announced. It will be hard to make a case to NASDAQ that we have an independent board of directors if they have never made any important decisions about the company. An important decision: how big a reverse-split to allow. If Thompson makes that call all on his own, we will not be uplisting for many months.

Why is the plan secret? I can't think of a single reason. Thompson is acting like he has to check 2 boxes: A reverse split to get the share price up and a board of directors appointed. Then we try to uplist.

But if the board has never met, this is not the kind of evidence of an independent board that they are seeking. The board should have been appointed before the shareholder meeting and is overdue by now.

What is the plan to increase shareholder equity? Material events must be PR'd, so Thompson will have to inform us when that happens. For example, if he goes back to Calm Seas and says, "I need your help in selling $7.5 million in shares to get our shareholder equity up" and they agree, that must be PR'd.

Thompson's secrecy is disturbing.