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faithabides

06/24/20 4:40 PM

#193050 RE: want2retire #193048

Of course, Kim can do that too.

Romans828

06/24/20 4:45 PM

#193051 RE: want2retire #193048

This should not be executed without a 'full quiver'...timing and 'ammunition' are crucial...

It could be done as you suggest...

DimesForShares

06/24/20 5:08 PM

#193054 RE: want2retire #193048

Thompson can ask for another authorization to perform a reverse split at the next annual shareholders meeting. Since he has a controlling interest, whatever he proposes is assured of passage.

Permission to perform the reverse split expires on July 22nd. I'm guessing he does not want the full board to have to vote on this, because it might be unpopular. There is no specific deadline after the reverse split to uplist, although Thompson has to worry about a sustained share price sufficient to uplist.

Thus he could perform the reverse split prior to the ASM, get that out of the way, and uplist later in the year when times are right.

He can also postpone his efforts to uplist, vote to approve the reverse split again at the next ASM, and go through the process once KBLB is on better footing.

I wish he would choose the latter plan. Not sure why he his pushing the former.

gimmegimmeminemine

06/24/20 5:18 PM

#193058 RE: want2retire #193048

This is what some have been saying for a while now.

What's the rush?

I'm hoping this is exactly what happens.
I'm hoping kim comes out and says he is not going to attempt an uplist until he has some kind of product output from prodigy.

Covid19 is the big question mark.

Once operations open back up it should only take 2 life cycles to get back to where they were before the die off. That's assuming the egg buildup has been successful in the lab.

That is not a long time to wait. It would only help the share price, reduce the dilution and make it that much easier for Maxim to find investors. I really dont understand why this thought process is argued against.

This would put the company on much more solid foundation. Put them in a position of strength for negotiations.

rayovac812

06/24/20 11:24 PM

#193084 RE: want2retire #193048

I'm sincerely curious. I know there is a great fascination with July 23rd but I want to make sure what is and is not actually possible.



If we hadn't heard of Maxim by now, I would think it impossible. Not knowing the details of financing and names for partners, it is very hard to fathom. So I am thinking that the largest shareholder is acting in his own best interests and going to pull things out of his hat, and in quick succession.

I hope we don't see more delays, but have to leave the possibility open. I am operating as if everything is still a go, and the next few days and weeks are going to be fun or possible.

What is more boring than waiting for the SEC to work their magic?