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DimesForShares

06/19/22 6:47 PM

#242271 RE: bananarama #242268

Bob: “The more shares Yorkville sells, the sooner our debts will be paid off.”

That isn’t how the arrangement works. KBLB doesn’t make any money from shares sold by Yorkville. They make money by selling shares to Yorkville.

Also, the more the share price drops, the greater the number of shares that KBLB must sell to Yorkville to pay off their debt.
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arachnodude

06/19/22 7:02 PM

#242279 RE: bananarama #242268

Very well-stated, B-man! It is definitely no picnic investing in small OTC stocks! It's not for everyone, for sure!
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SilkRoad

06/19/22 9:34 PM

#242285 RE: bananarama #242268

Be nice if the “progress” was supported by tangible evidence in the form of sales and end products.