Want2retire: “It’s almost as if there is a plan in place that is being followed.”
Yeah, the plan that said to charge ahead with a reverse split months before production was underway, then leave that hanging over shareholders head for 18 months, then betting the farm on a risky off-season crop, then betting that COVID would not affect international shipments. Those two unforced errors only cost us a year.
Finally, deciding to withhold any reports about the latest production attempt while jacking the r/s ratio up to a jaw-dropping 100-1, indicating a lack of confidence on the part of management that share price will remain above a nickel.
Oh yeah, KBLB borrowed a toxic million bucks from a hedge fund, likely adding some significant dilution to the shares and got a contract with only $250k up front while giving exclusive license to the whole ASEAN region.
Could we consider a plan b instead?