Replies to post #251116 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< i think he just wanted to make everyone feel like they actually had a say (which they really didnt) and also to mitigate any fallout should things end disastrously afterwards...he can say, "hey i put it to a vote and shareholders overwhelmingly approved it"... >>

That is mostly correct.

One thing that wasn't included was the fact that the scumbag CEO wanted to reverse split every share EXCEPT for his special voting shares (worth 400 MILLION votes). And that was the real reason for the shareholder's meeting. He was hoping to sneak that in without anyone noticing, and then he could say that everyone voted for it.

[DimesForShares]

As long as Thompson can cobble together majority control, he can authorize amendments to the articles of incorporation without a shareholder vote. But he still has to submit filings to the SEC and to Wyoming.

If the share price rose to $4/share or more based on company accomplishments, he could attempt an uplist without a reverse split. I think the first step in that plan should be to get the share price back up to a dime. Will we reach that lofty share price before the end of the year? Stay ‘tooned.’