Replies to post #218612 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< A smaller, more manageable loan, with minimal dilution. >>

That seems to be incorrect.

This new loan seems to have a massive amount of dilution (almost 200 million shares):

"In connection with the Securities Purchase Agreement, the Company also entered into a Registration Rights Agreement with Yorkville, pursuant to which the Company agreed to register the following shares: 160,875,161 Conversion Shares, all of the Warrant Shares issuable pursuant to the Warrant, 35,750,036 Conversion Shares issuable under the A&R Convertible Debenture (as hereinafter defined), 3,125,000 shares of Common Stock issuable under the warrant issued by the Company on December 11, 2020"

https://www.sec.gov/Archives/edgar/data/0001413119/000149315221006956/form8-k.htm

[bananarama]

Thank you, GT. That was an excellent post to say the least!
GO KBLB!

[Z06 MAN]

Great post GTman1, Kim is going to do it organically!

Major Production news imminent!


$KBLB$