WebSlinger appears to track KBLB’s share sales to Yorkville on a daily basis. He has published cross-checks of his reports against SEC filings and has always been on the nose.
My understanding of the current disagreement: it can be traced back to one of the quarterly reports. I have seen errors in the quarterly reports published by KBLB that indicate a lack of attention to detail. Usually these get fixed up in a report or two.
We will see what the next quarterly report says. I expect to see that WebSlinger’s accounting has been accurate all along.
Paying back debt is not a bad thing per se, as you have noted. Withholding good news that would increase the share price and reduce the effective dilution is a seriously bad thing. Withholding bad news that would further drop the share price would seem a good idea, but it means we are still waiting for bad news.
Thus we are either in a situation where KBLB gave millions of unnecessary shares to Yorkville or KBLB is hiding bad news that will further harm the share price. Which do you prefer?
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