D-13
Only 13 more calendar days to reverse split before authorization expires. Same amount of time before advisory vote to uplist to NASDAQ expires.
Cutting out weekends gives only 9 more work days. Assuming the S-1 must be filed at least 24 hours before the shares are sold, that gives only 8 work days to go.
No announcement yet about shareholder’s meeting, which must be annual for stocks listed on NASDAQ. S-1 still in preliminary form. If my understanding is correct, the reverse split must happen ‘on or before’ the sale of shares through Maxim.
KBLB still lacks several critical features needed for uplisting, including a positive balance sheet, share price in the dollar range, and a full Board of Directors.
Thompson may be waiting to ‘pull the trigger’ on this plan until he can share news about eggs shipped to Vietnam and/or re-start of production at Prodigy.
From the declining share price, I may not be the only one concerned about this situation.
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