Replies to post #30896 on Kraig Biocraft Laboratories Inc (KBLB)

[ZincFinger]

But insiders sell stock for purely personal reasons as well, In addition you currently have no evidence whatsoever that he's sold, only that he's put himself into a position where he could if he wanted to (or not if he decided not to). Which is hardly surprising given that he has forgone his salary for several years!.

So you really have nothing whatsoever until when and if you get evidence that he's actually made a sale. Then IF a "pump" is going on AND no significant news is also going on, THEN you have an issue. Otherwise you have nothing whatsoever except for a potential for an issue (well there are always no shortage of those!)

[dadofduck]

Not knowing too much about Yom Kippur (this Saturday), it could well be that the pennies are a little scarce post holiday (as they often are for me in January!).

So Kim's a bit skint and may decide to sell a small percentage of his holding just after the holidays to pay the bills? So what???

I like the fact that he's giving himself this option to sell 5.8m shares now (by the way is this more than he normally applies for??). I also hope he exercises this option because sure as shizzle he is going to be doing so at a time when he know's he'll get a good deal.

I understand that in stinky pinky land, a CEO selling his shares into a pump ain't normally a good thing. But 99% of pumped pinky's are junk, we all know that. We also all believe that this is not true (even Mojo does) of KBLB. Because IMHO our pumps are as a result of our convoluted financing deal and are in no way reflective of KBLB's legitimacy.

Okay so we have a pump upon us but we are also pretty convinced that we are about to get real news. Let's ignore the pump and see that Kim has decided to give himself an option to sell after he has released news. I like it, no red flag for me.

I can't wait to see how much gets for them! woohooooooooo


(p.s. If anybody responds, I won't be able to respond until the morrow - however can PM)