Deannie: “When production is proven (to the point that even the serial doubters couldn’t deny), the $$$ will flow in, and spending all that dough for parents in relevant countries around the world will take place but that cannot happen until AFTER the RS and UPLIST TO NASDAQ”
When production gets underway, the $$$ will be trickling in, at least for the first year or so. The contract with MtM calls for $3 million in year one. That is less than $300K/month, and KBLB burns thru more than that every month. Not a lot of capital to expand production. Much less to pay for patent lawyers.
Thompson wants to do 3 things all at the same time, presumably after hours: a reverse split, a financing deal, and an uplist to NASDAQ. But before the uplist, Thompson must hold annual shareholders meetings, the most recent was in 2019, almost 2 years ago. Not a good look. Holding another sudden shareholders meeting may or may not impress NASDAQ.
We must also have a seated board of directors with established committees specified by NASDAQ. Will they accept a newly-appointed board? Maybe, maybe not.
To his credit, Thompson did not rush into the reverse split with no production. But he hasn’t been transparent about all of these moving pieces. I still struggle to comprehend why he announced a 100-to-1 possibility for the reverse split. That kept the threat in investors minds and also expressed little confidence on his part that KBLB’s share price will hold, either before the reverse split or after. 15 cents at 100-to-1 is 15 dollars. Nasdaq only requires $4 or $5. Why saddle investors with that prospect unless you were expecting a drop to about a nickel (before reverse split) or $5 after.
You could easily provoke an argument about what KBLB can release. Are we in a quiet period? If that prevents Thompson from announcing production, then the financing deal will have to go forward without solid production figures. If he can release production numbers, does that mean production has been minimal to date?
It is possible that KBLB will release impressive information that generates a lot of positive energy in the stock before pulling the trigger on some less-popular moves. History suggests that will be unlikely. Thompson doesn’t have a solid history of working to reassure investors. His penchant for cloaking bad news in silence doesn’t help either.
What is in KBLB’s future? Boom? Bust? Muddling along? At the moment, a case can be made for any outcome. Time will tell.
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