Replies to post #179331 on Kraig Biocraft Laboratories Inc (KBLB)

[want2retire]

He wants to reverse split the stock before he seats the board..

Which he has had the option to do for months and continues to not do.

..otherwise the board would need to have a meeting to approve the reverse split (and they might disagree with him).

Or they might not. Would also think Nasdaq might raise their collective eyebrows regarding corporate governance if KT has announced multiple board elections and then decides not to involve them in the decision making process. Not to mention how these board member-elects would likely view the company taking such an action without including them in the process. Seems like a fairly uncomfortable start to the board relationship if that were to be the case. How many would stick around in that scenario? No, they don't need the paycheck. Doubt they would appreciate KT going that route.

[jetow]

“He wants to reverse split the stock before he seats the board, otherwise the board would need to have a meeting to approve the reverse split (and they might disagree with him).”

Seems like I remember someone calling for a reverse split every Friday after close. Hasn’t happened yet . So Kim says board will be seated this year and you say R/S
before board seated. That says to me now you must be calling for a R/S within next 2 1/2 weeks or so. Is that correct??

[faithabides]

MY SYNOPSIS for 2019 to show progress and how crazy to not think this is really happening this year.

Don’t know that we will need this much longer but I will keep it up for Q4.

THIS IS NO CON. Understand the facts.

Let me lay it out for you are best as I can:

2019
Jan - PR of eggs landing in Vietnam
Mar - PR of $1m investment financing from foreign investor(s) Kenneth Le?
Mar - PR The University of Notre Dame 3x stake and gives glowing endorsement of their belief that KBLB can Mass Produce soon
Apr - PR of Polartec announced as a Partner for 3 years (Army contract awarded then)
May - PR KT wants to uplist (now presumed to be to the NASDAQ) to add board members
May - PR Vietnam facility leased for 5 years
May - PR big first delivery by Q3-Q4
May - PR 5 provisional patent applications submitted
Jun - US news Polartec bought by Milliken
Jun - PR Jon Rice going to Vietnam
Jun - Vietnam press and sickzone show signing ceremony with all relevant VT officials including banking
Jul - Vietnam press say this initiative is a go and will support 5000 farmers in the coming years
Jul - PR shareholders meeting July 24th
Jul - PR Vietnam government has granted stage 2 license to invest up to $50m plus KT needs an RS option for uplist by Thanksgiving
Aug - PR facility completed
Sep - PRs 3 independent BODs selected to start Q4
Oct - PR Mass Production officially begins
Oct - PR 1 insider BOD to complete the BOD
Oct - PR update on current production - est. production 2020 at least 8 tons, 40 tons full capacity
Nov - PR production updates from Quang Nam facility with FB photos
Nov - Thanksgiving update with financing to be announced before uplist to satisfy uplist requirements
Dec - PR 1st delivery will be in Q1 2020

So who is being duped IF this is a con:
the foreign investor is fooled (shares locked up for 1 year)
Notre Dame is fooled
Polartec is fooled and possibly Milliken is fooled for having bought Polartec knowing the partnership and thinking it added value potentially
Vietnam is fooled

No wishful thinking here. Just super confidence supported by the facts!!!

Big News - potential at any time but most likely in 1st half of 2020:
1) Household name in Jon’s closet has a coming out party and would be huge!
2) Financing could be announced and would be big
3) First delivery could be announced and would be big
4) Contract(s) and/or POs could be announced and would be big
5) Balance Sheet adjustments could be announced and would be very good
6) JV and partnership(s) could be announced in addition to Polartec
7) Major spin offs or "royalty arrangements" for diverse ss fibers already in the KBLB catalogue could also be announced in 2019
8) 1 for 10 RS could be announced which would be very good
9) Uplist to NASDAQ including application process and budget to make the rounds could be announced and would be big
10) Could get a COOL name change suggested by JR at ASM!

Within 1 year potentially:
1) A buyout could be announced and would be big
2) More countries for production could be announced and would be big

And so on and so on