Replies to post #30873 on Kraig Biocraft Laboratories Inc (KBLB)

[The Investing Dude]

Well he has forgone his salary in the past.

maybe now he knows the company can stand to pay him back.

Big optimistic maybe but w/e.

either way he thinks he'll get more money for his shares soon than he would at any previous time before so i don't see it being bad.

[first mike]

Hi Patience,

The thing that worries me about step 1 this time is that Mr. Thompson also put through paperwork in order to sell 5.8m of his personal shares. I can understand the man needing money as he has forgone much of his personal salary, but 5.8m is going to come to 700,000 to 800,000 bucks.

As has been explained before, The registration of an insider's intent to sell does not obligate him to sell all or any shares. It is wise to register as much as you might want to sell before PRs that might cause a major PPS rise on high volume so that you can sell it at a dollar if that unlikely event transpires. But he may not sell any.
Also the registration allows the sale over an extended period ( a month or more, I don't recall the exact time frame), so the PR need not come this week or next.

Mike L.