Replies to post #286826 on Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

The fearmongering only works if you believe there’s no value being created. In fact, the amount of fearmongering PROVES the value being created here!

💥💥💥 BAM!!! 💥💥💥

[tansilver]

As of the date hereof, we have sold 2,613,333 shares under the SEPA at varying purchase prices,

which resulted in aggregate gross proceeds of $201,163 to the Company.

So according to the recent SEC filing, simple math says that Yorkville has acquired shares so far at an average price of $0.07698. Like I said from the beginning, this is such a bad deal for KBLB.

Not to mention they've only used up $201K of the $10 million SEPA (or around 2%). Kim stated in December that he needs another $5 million in financing to get this company to sales. So quite a lot more dilution needs to occur before that.

It's a shame that Kim couldn't get equity financing from a real potential partner who has seen the silk first hand and was willing to pony up the cash for first rights.

KBLB had about $600k in cash left as of 12/31/24 according to the last filing. That won't last long, so a lot more dilution is likely coming.