Replies to post #275205 on Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

Which brings up the question: under what concessions? The same as the other votes? The answer is...YES. Each were tied to a form of DEBT FORGIVENESS!!! Now, GTFOH!!!

2023:

In consideration for the share of Series A preferred stock, Mr. Thompson paid twenty thousand dollars ($20,000), in the form of debt cancellation.

PREVIOUS:

On September 30, 2010, the Company agreed to issue preferred stock to Mr. Thompson in exchange for $650,000 in forgiveness of back salary. On December 19, 2013, the Company issued Mr. Thompson two shares of Series A Preferred Stock, which entitles him to a total of 400,000,000 votes on all matters, in consideration for his agreement to extend the Company’s repayment of the aforementioned debts owed to him to October 30, 2014 and to forgive an additional $30,000 in compensation that the Company previously owed to him.

Looks like Debt Forgiveness is "THE KBLB WAY!"

[CorkontheRiverofLife]

Well, you can't say he doesn't believe in democracy - look at all those new votes!

It's sort of like Chairman Mao's version of democracy: "The will of the people prevails, unless the people are misguided.".