Replies to post #199715 on Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

You need to check the company's history, then factor in the likelihood of it re-occurring.

Then you have to factor in the fact that NASDAQ has the right to refuse eligibility AT THEIR DISCRETION.

They are the final authority...

Kinda like Kim is with KBLB.



If denied, KBLB can appeal but can't take it to the Supreme Court or any other jurisdiction.

In response to:

Every company has debt. What does that have to do with anything? KBLB would have plenty of equity to pay the debt, meet NASDAQ equity requirements, and then some with this offering.

TRUTH

[rayovac812]

They aren't wanting to get onto the NASDAQ. Not sure it is a snag. I am just using it as an example of something that they might want cleaned up.

[igotthemojo]

"KBLB would have plenty of equity to pay the debt, meet NASDAQ equity requirements, and then some with this offering"

kblb needs $5 mil in stockholder equity...they have over $5 mil in debt to kim...kblb will get $10 mil out of the offering...and no one has any clue what will happen with the warrants...

so no, they dont have plenty of equity let alone "and then some"...if kim hadn't been so greedy with his high interest loans that may have been true...but he was and still is...

kim has a plan for getting paid back...and he isnt going to spend too much of the money that he needs to get paid back with...so the warrants are going to have step up get in the money....

otherwise kblb will be having yet another offering...when you keep doing something over and over, it gets easier and easier...dilution is all kim knows...bleeding shareholders is how he has funded the company for the last ten years...

kim abhors debt...unless its owed to him personally...then its all about "loaning" the money (that didnt cost him a dime) to kblb at high interest...THAT kind of debt is just fine with kim...