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!
“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.