Replies to post #210543 on Kraig Biocraft Laboratories Inc (KBLB)

[Little G]

Thanks for the reply, and happy to have a knowledgeable and reasonable person on this board!

[WebSlinger]

<< Nope not sure why people insisted Yorkshire Advisors were from Cayman Islands >>

The loan was between KBLB and YAII. YAII is a Cayman's Island company. It says so in the SEC 8K docs:

"THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of December 11, 2020, by and among KRAIG BIOCRAFT LABORATORIES, INC., a Wyoming corporation (the “Company”), and YA II PN, LTD., a Cayman Islands exempt company (“Investor”)."

https://www.sec.gov/Archives/edgar/data/1413119/000149315220023416/ex10-1.htm

[igotthemojo]

from the sec filing "KRAIG BIOCRAFT LABORATORIES, INC., a Wyoming corporation (the “Company”), hereby promises to pay to the order of YAII PN, LTD."

kblb is doing business with YAII PN LTD...they are a hedge fund set up by YA...they are incorporated and registered in the Cayman Islands...that makes them a Cayman island hedge fund...they have their own investors who fund that hedge fund..

the Cayman Islands is the wild west of the finance world...no taxes and no government scrutiny at all..

kblb is paying a very high price for that $950k loan...thats because they couldnt get any money from anywhere else...except the Cayman Islands...

imo, its the business equivalent of borrowing money from vito who has a backroom office in the local body shop...

[peach_schnapps]

Do a quick sec search... incorporated in the Cayman Islands and business address in New Jersey.

Still shady.