Replies to post #177067 on Kraig Biocraft Laboratories Inc (KBLB)

[sonicty28]

70% puts us at .35 (pre-split)...yay?

[faithabides]

I guess we are getting much closer. I still say .16 holds though. Yes, my opinion... but I don’t think we will ever see lower than .16 ... the only exception might be a same day or two day V shaped drop right before the hammer is dropped on the shorts. I have seen that happen a couple times. But, this time I think the drop to .16 was that V day.

In the example, the drop was not 40% ... you cited 20% but it wasn’t even that. When the RS news was announced on 9/27 for RMLD, it barely went down the day the RS was announced ($9.60) and went back up higher the next day ($11.50)

DATE CLOSE/LAST VOLUME OPEN HIGH LOW
09/30/2019 $10.25 1,590 $11.5 $11.5 $10.25
09/27/2019 $10.4 15,833 $10.8 $10.8 $9.6
09/26/2019 $10.44 6,041 $11 $11 $10.4

[golferman]

Es1

Yes you are correct..... I have been in touch with the Nasdaq Listing Qualification Department to verify.

They will agree to an uplist if the company meets all the requirements except the share price, with the understanding a reverse stock split will happen. However the stock split must be completed 1 week before the uplist.

SO......5 trading days after the announcement of a KBLB stock split and with good news announced and an uplist the next week. I would not want to OUT. Remember the float will be significantly smaller making shares tough to get at the price you want.

I believe the stock will rise after the split with the anticipation of an possible uplist at the end of 5 trading days.

Golferman