<< I see KBLB has $2,894.555 million in cash >>
That document is already a month and a half old (it was posted on 30 Sep 2023).
They had $3,862,716 in cash on 31 Dec 2022, and they had $2,894,555 on 30 Sep 2023. That means that they have spent almost $1 million since the start of the year.
<< far away from having "more dilution coming" as WebSlinger always says >>
More dilution IS coming.
First, KBLB owes the Douchebag CEO over $6.2 MILLION. The cash on hand won't even cover that.
Second, companies don't wait until they have $1 in cash. They will need to raise money at least a year before they run out.
Third, as can be seen from the last 2 dilutions in 2021 and 2022, it takes many, many months to dump shares. The 1st dilution took 10 months, and the 2nd dilution took 7 months. In addition, it takes many months to find a lender and come to terms.
Finally, expenses are increasing. The CEO gives himself a GUARANTEED 6% pay increase EVERY YEAR. That will also increase the 20% GUARANTEED bonus that he gives himself.
That means that more dilution is most probably coming in 2024.
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