<< Someone is being very smart in buying that many KBLB shares. >>
The only one that was smart in that trade was YA II PN. They made a minimum of 30% in just 2 days (10% interest on the toxic convertible debt, and then 20% on the share price discount).
They can't wait to do it again once KBLB has diluted another 35 million (or so) shares to pay it all back.