As of today, KBLB has diluted 4,594,804 shares over the past few months.
<< a lot more dilution is likely coming >>
I have been saying that for a long time.
<< Yorkville has acquired shares so far at an average price of $0.07698 >>
As dilution continues, the average price will continue to drop.
The S-1 shows that KBLB believes that the average price will be around .048 ($10 million / 207,787,193 shares). That means that KBLB is expecting the price to drop substantially below .048 (since that is the average).
"This prospectus relates to the resale from time to time of up to 207,787,193 shares of common stock...
Stockholder has committed to purchase from us, at our direction, up to $10,000,000 of Common Stock"
In addition, dilution will increase over time. The SEPA is 36 months long. That equates to a dilution rate of about 1.33 million shares per week (including holidays, summertime, etc).
<< We expect that we will need approximately $5 million of additional capital to build out our spider silk inventory and bring in a sales and customer service department. >>
Even at the current share price (0.085), that would equate to diluting 50+ million more shares over the coming months.