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Replies to post #230454 on Kraig Biocraft Laboratories Inc (KBLB)

Replies to #230454 on Kraig Biocraft Laboratories Inc (KBLB)

WebSlinger

10/08/21 4:14 PM

#230455 RE: justavoice #230454

<< it really seems like the price is holding up pretty well considering >>

According to SEC filings, KBLB started to repay the toxic convertible debt on April 23rd.

Since then, the nonstop dilution has torpedoed the stock price down from 16 cents to 8 cents, a drop of about 50%.

In addition, KBLB is paying about a 30% premium to pay back the debt (10% interest on the loan, and a 20% discount on the share price).

I don't see how a 50% drop is considered "holding up pretty well".

bananarama

10/08/21 4:25 PM

#230459 RE: justavoice #230454

"How is it bad that diluted shares are finding homes?"

EXACTLY, JAV! Some entities are loading up on KBLB diluted shares right now. Again, they must know something! KBLB is paying down the debt, and they got the money they needed probably to purchase the new plant location in Vietnam. This is all a win win for KBLB, imho.