They have kept an open S-1. I get your outlook on standard protocols, but Kblb is not your typical ground floor company. It is a sector transforming company with big demand in Medical & Military++. They have no competitors. And with uplisting to a national exchange there are always exceptions.
If they don’t need to do a rs then why would they…. Time will prove, but success here will be long sought after world big!!
There’s literally hundreds of medical papers published on spider silk breakthrough applications just waiting for a supply….KBLB
There are ways to uplist without revenues of the magnitude you mention.
KBLB would need an active BoD, for one. Their lack of annual shareholders meetings would not be looked upon kindly by NASDAQ either. I believe this route for uplisting requires some positive shareholder equity. Debt owed to Thompson would be problematic unless he forgives it.
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