Replies to post #196571 on Kraig Biocraft Laboratories Inc (KBLB)

[bananarama]

You fail to understand the genius which is Kim Thompson. He knows exactly what he is doing, regardless of the never-ending harangue of slings are arrow against him. There is a calculated reason for everything he does. GO KBLB!

[Money4Nothing-M4N]

This part is definitely true:

“We shareholders would rather remain blissfully ignorant...”

You’ve got that right! Because even though it’s known that...

1...Kim by himself IS the majority of shareholders

2...Kraig’s by-laws say the board can do it without a shareholder vote or even a shareholder meeting. (Doesn’t matter anyway. See #1)

3...the SEC sees nothing wrong with the board of directors doing it without a shareholder vote. (Even if they did, see #1 again).

I get it. Blissful ignorance is the way to go.
May not go down that way, but to pretend it won’t or can’t is ignorance.

Like I said before, there could be other explanations for the change of heart on the July 23rd deadline. I don’t know what it is. But there certainly is no need for a shareholder meeting. That myth is busted.