Replies to post #252027 on Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

“The fact that he increased his share count by more than two million shares is a very bullish. He would never have done that unless he had confidence in KBLB.”

Prove to us that this happened. The fact is, you can’t, because it isn’t the least bit true. I don’t know why you keep perpetuating this lie. You’ve been shown several times that you are wrong about this.

[SilkRoad]

Did you read the letter? Their estimates were WAY off. Not by a little, but by a year (if we believe the new estimate) and if we believe they were successful earlier and if they actually “ramp up” and execute their various plans. Once again there is another problem with the worms. After being in Vietnam for how many years? After stating they could achieve metric tonnage at the original facility pre-COVID once it reaches max capacity? Remember that? I’d like to say I believe they can get the worms acclimated and conditioned to the industrial climate, but if they haven’t done that by now, how can we be confident that they will achieve this after all this time? Can you imagine waiting another year just to be told again that they are still working on getting the worms acclimated after all the climate control talk from before? Just need the testing equipment installed and then we’ll pump out silk. Yeah right. It’s pretty clear they botched this or at the very least failed to prepare us for this problem. A few on here want to just say well if you don’t like it sell your shares and close your position. I say let’s not focus on the shareholders, let’s focus on the failure to execute and failure to keep shareholders informed and failure to take care of business. Will we be told a year from now that additional testing equipment is needed, or the fibers are to thin so the weaver needs to install new equipment which is coming from overseas, blah blah blah. I mean seriously. None of this was unforeseeable by Kim/Jon, and if it was, then they need to surround themselves with better experts and FAST. Because that self-proclaimed best financial position ever isn’t going to last forever if they can’t make silk to sell. And how much exactly was this first batch? So small they can’t give us a number? Why hide the amount?

[WebSlinger]

<< Who would know more about how things are REALLY going behind the KBLB curtain than Jon Rice? The fact that he increased his share count by more than two million shares is a very bullish. >>

WRONG AGAIN!

Please stop spreading this false rumor.

Once again, for the third, time, here are the true FACTS:

Jon Rice didn't pick up any shares. The only thing that happened is that 2 MILLION shares changed status (from not exercisable to exercisable). Anyone can see that the total amount of shares stayed the same, if they just compare the most recent S-1A with the previous one.

In S-1A #8, it says the following:

Such shares include 768,280 shares of Common Stock that are owned by Mr. Rice and 14,000,000 shares of Common Stock that may be issued upon exercise of warrants Mr. Rice owns. Additionally, Mr. Rice owns warrants to purchase up to 7,0000,000 shares of Common Stock, which are not exercisable at this time.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222015052/forms-1a.htm

In S-1A #9, it says the following:

Such shares include 768,280 shares of Common Stock that are owned by Mr. Rice and 16,000,000 shares of Common Stock that may be issued upon exercise of warrants Mr. Rice owns. Additionally, Mr. Rice owns warrants to purchase up to 5,0000,000 shares of Common Stock, which are not exercisable at this time.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222034178/forms-1a.htm