Replies to post #208880 on Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

"Correct, who sees him abandoning the NASDAQ effort and all Maxims work to date?"

i dont...even though he should never have even contemplated doing either of those...

its just like with vietnam...that was a stupid decision to begin with..then when the vietnamese had kblb believing it was all a go, they pulled the rug out from under them...and then kicked them out of lame dong...

that was the time to go and look elsewhere...a friendlier environment...but what does kim do?...spends the next 5 years fighting with the vietnamese to let him in...

the r/s, up list and money grab were monumentally stupid ideas to begin with...and were attempted at the wrong time...

now the offering was revealed for what it was...a stupid idea...but kim is not deterred...hes going to use cayman island money and carry on so long as theres a shareholder who still has a dime left in his pocket...

"I say they will proceed and that is what this bridge loan means."

no kidding...but is that really a good thing?..

this all really shouldnt be that hard...but kim is making it extremely difficult with his poor decisions...

they got the spider silk worm they want...all they need is a place to make the spider silk....and ten years later, the struggle continues??..

its really just utterly ridiculous at this point...

wonder why they had no takers on their hundred mil shares offering?...

[DimesForShares]

Considering the implications of this loan.

The Friday PM release of bridge loan allowed some time for the news to settle. First, it seems obvious that a larger financing package through Maxim is on hold for the moment. If KBLB was close to a big infusion of cash, this loan would not be necessary. Also, the State of Wyoming website does not show any updated filings that are necessary before a reverse split can occur.

Releasing the news on Friday after close indicates Thompson felt this would be mixed news at best. The real question is why he chose this path rather than to continue with his own dilute-sell-loan system he has used over the past several months.

I have no answer to that question. My impression is that Thompson could have continued to award himself shares, sell them, and loan the proceeds back to the company for a while longer. Perhaps the need to be fully reporting (for an uplist down the road) meant he didn’t want to have to make this scheme quite so obvious to everyone.

Even still, I think that Thompson feels like he will be able to repay the loan, one way or the other, in the not-too-distant future. I continue to expect production news any day now. If KBLB stays silent for the rest of the month, I expect the stock to go thru a rocky and unpleasant period.

Here is hoping for some positive news on Monday, modest though it may be.

GLTA