Replies to post #221513 on Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

we seem to be agreeing on a lot more stuff than i thought we would...

"But just because the prospectus says they can sell or short shares, it doesn't shield them from Regulation M, Rule 144, or any other securities law that restricts manipulation, especially in the scenario that you were describing."

i think thats exactly what it does...its only manipulation if theres no agreement in place...clearly, kim has come to terms with yorkville and is ok with selling and shorting...

besides, Reg M and 144 seem to involve very specific scenarios and short time frames...

"There has been no distribution of shares because at this point in time, it is still considered a loan."

well if its just a loan and no shares have been bought, sold or exchanged hands at all, then yorkville should have no restrictions on it as far as selling or shorting...and Reg M shouldnt even apply...thus the agreement that exists in the prospectus allowing yorkville to buy, sell or short as they see fit...

"Once they have been converted to shares (which I assume they will), they will need to abide by U.S. Securities laws."

so, until then, they dont...interesting...so, like i said, the goal is to drop the pps as much as possible and convert...

"In fact, they most assuredly will sell their shares, maybe even necessary to convert all of their debenture."

very very interesting indeed....i concur

"They aren't going to risk SEC Violations on a $5million deal."

yorkville has taken the sec out to the woodshed once before and publicly paddled their behinds...the sec is not interested in a round 2...certainly not for some minor and questionable violations...

"You also didn't really understand how convertible debentures worked 24 hours ago, so what you would do in your own shoes is irrelevant"

i was working on the assumption that convertible debentures were vehicles used to hold shares until they could be converted...and apparently thats what they are...not so terribly difficult to understand...

its not known if all the shares are going to be converted but even you agree that that is likely...in any case, there are almost certainly going to be a buttload...

and that is what yorkville is after...a buttload of shares bought on the cheap...isnt that what EVERYONE in the stock market is after?...

except in yorkville's case, they now have inside knowledge and a built in vehicle to get those shares...all they need is to get those shares down juuuuust a bit more...