Thompson gave himself another super-voting share with the voting power of 200 million shares, as you noted. This gives him (and Jon) just over 50% majority control, but 36% is through his 3 super-voting shares.
Thompson also has a (new) option to purchase 10 million more shares at 4 cents/share. This option expires in 10 years. If KBLB ever hits a buck a share, he would net almost $10 million in the blink of an eye.
In other news, the inventory of silk increased by $304 in all of 2023. We saw the hank of silk. It was worth $304.
I can’t really figure that one out. If he was shouldering 10 kilos, that would equate to a value of $30/kilo. That seems low for weight and also low for value.
But the message is clear: in all of 2024, KBLB produced $304 worth of silk.
Operation silkworm speed in action!
Roughly 45 days from now, we should get the next 10-Q and that will tell us how much silk was raised from January to March of this year. Getting info out of KBLB is like getting pearls out of a clam. Ugh.
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