Replies to post #219512 on Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

Here’s one for you:

****NEWS****YORKVILLE BUYS KBLB STOCK FOR $.25 A SHARE, EXERCISES WARRANTS, BELIEVES PRICE WILL RISE EVEN FURTHER

KBLB non-shareholder has confirmed that Yorkville has converted all their Convertible Debentures into shares and also exercised their $.25 Warrants giving KBLB another $2 million. Non-shareholder statement:

“I was fully expecting KBLB to release a fluff PR this morning, to try to cover up the stench over Friday night's bomb (another $4 million in toxic convertible debt) and last night's nuclear blast (confirmation of over 200 million shares in dilution).”

To convert all those Debentures into that many shares the share price must have somehow dropped to under $.03/share without anybody noticing it. The fact that Yorkville is willing to pay over 8 times that price for the Warrants paints a rosy picture for the future of KBLB.


*For NEWBIES and 1st graders: This press release isn’t real. Yorkville didn’t actually do this but it is what would have to happen for all that ‘confirmed’ dilution to actually occur.

[abomination907]

“As such, it looks like the share price will tank today. How low will it go?

10 cents?

Lower?”

LOL

Thanks for the laugh

Not today ISIS

[jetow]

"As such, it looks like the share price will tank today. How low will it go?"

I think your prediction was far from correct. I've been watching with anticipation of loading up but the price is about 50% above your stated .10
Likely. Doesn't look like it will get close.