Replies to post #199370 on Kraig Biocraft Laboratories Inc (KBLB)

[gimmegimmeminemine]

So if this statement is referring to the way kim was funding the company then those who be didn't like that situation either forcing kim to make this statement.

Prior to the consummation of this offering, we will adopt a new code of ethics requiring us to avoid, wherever possible, all conflicts of interests,...........conflict of interest situations will include any financial transaction

Of course we wont have to worry about how kim is getting money to loan back to the company in the future. If things go his way he will be getting 24 million dollars to play with. I would hope he doesnt need to loan the company money in the future.

"New code of ethics" so their old code of ethics were a little shady for nasdaq?

[WebSlinger]

That has nothing to do with the discussion at hand.

Kim (the magical CEO) being greedy isn't a "conflict of interest".

[bananarama]

Thanks, 'jealmc.' GO KBLB!

[TRUISM]

“Prior to the consummation of this offering, we will adopt a new code of ethics requiring us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved by our Board (or the appropriate committee of our board) or as disclosed in our public filings with the SEC. Under our code of ethics, conflict of interest situations will include any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) involving the company. A form of the code of ethics that we plan to adopt prior to the consummation of this offering is filed as an exhibit to the registration statement of which this prospectus is a part.”

Why stop now Kim?

Someone pointed it out; being a conflict and he's an attorney....

Unbelievable....

Then again, not really.



TRUTH