Replies to post #248936 on Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

The number of shares needed to pay off the bent depends on the share price. If you pay off a little bit of debt and the share price goes down, more shares may be needed than before the payment was needed.

We will see what the quarterly report brings for news. I will be pleased, not disappointed, if WebSlinger has overestimated the amount needed to repay the debt.

I doubt that Ben has access to the company’s books or fills out the quarterly report forms. I suspect he knows what we do.

[bananarama]

Phenomenal post, W2R, and it is ever so true, ironically and sadly.

[sickzone]

If you look back a few posts you will see it raised back up to 31mil. Lol

As for the debt being paid off this week that some are saying.
Not happening.
Kbl has only paid off around 900k +interest since June 30.

The last 2 weeks kbl has paid debt in back to back weeks for the first time.
Interested if they make 3 weeks in a row and the most debt they have paid back in a calender month.

[WebSlinger]

<< He notes conversions and yet somehow the number of shares still needed to pay off the debt never seems to drop. Doesn’t that seem a bit peculiar? >>

That is because the share price (and the VWAP) continues to drop. KBLB needs to dilute more shares at 3.5 cents than at 4 cents.