Replies to post #191152 on Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

GTman, once again, appreciate the clarifications!

Keep 'em coming! Thank you.

[gimmegimmeminemine]

Thankyou for responding to my questions.

No, they are not sold on the open market.

That is what I thought, thanks again for confirming. So while this will be dilution it doesnt have to end up flooding the open market with shares to be sold right away.

It all depends on the investors intentions.

[igotthemojo]

"No, they are not sold on the open market."

kblb also didn't sell them on the open market when they were using calm seas....calm seas sold them on the open market...the effect of dilution was the same...

I may have missed it, but I didn't see anywhere in the prospectus where any of the purchasers of units or even warrants would be restricted from selling them for any particular time period...I thought someone mentioned a 6 month restriction but I couldn't find it...

I did find this... "______ Purchase Warrants, each providing the right to purchase ______ shares of our Common stock. Each Purchase Warrant will have an exercise price per share of $______, will be exercisable on the original issuance date"...

"The job of Maxim Group LLC, as our underwriters, is to solicit investment and sell those shares to investors at the unit offering price."

yup...like I said, its actually a smart move by kim to use them and test the waters...but without any real info its pretty hard to gauge how much of a chance they have at success...

im sure if maxim wants to price them dirt cheap, they can sell a bunch..but that isn't necessarily a good thing...