"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."
so they still have plenty of time...thanks for that info...
"More dilution IS coming."
if the pps is around a buck per share, more dilution is not a problem...
"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."
no they dont...not even large companies NEED to do that...and kblb would have no NEED to dilute a year before it is needed...that is just nonsense...
"Third, as can be seen from the last 2 dilutions in 2021 and 2022, it takes many, many months to dump shares."
at 3 cents, yes....at a buck?...it can be done in a few days...
"In addition, it takes many months to find a lender and come to terms."
we have worked with Maxim and Yorkville...and that was at pennies per share...at a buck per share, it would take a few days to come to terms....
"Finally, expenses are increasing."
expenses are increasing for every person and business on the planet...and have for a thousand years...this isnt news...
"That means that more dilution is most probably coming in 2024."
even if kblb remains at .03 throughout 2024, they still wont need to dilute...