Replies to post #185875 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Compounded? I missed in the current or past 10k's where it says that, do you mind pointing it out? >>

It says it in the most recent 10K published yesterday:

"Between December 31, 2016 and December 31, 2019, Kim Thompson, our CEO accrued $2,535,203 of unpaid salary, which represents a portion of the annual compensation owed to him pursuant to the terms of his employment agreements during such time period. As of December 31, 2019, there was $1,240,218 in accrued interest on Mr. Thompson’s accrued salary; such interest accrues at the rate of 10% per annum. As a result of these accruals, as of December 31, 2019, we owed Mr. Thompson $3,775,421 in salary and interest related payments."

https://www.sec.gov/Archives/edgar/data/1413119/000149315220004918/form10-k.htm

How else do you think $2.54 million in salary accrued interest of $1.24 million (or about 50%)?