Replies to post #40058 on Kraig Biocraft Laboratories Inc (KBLB)

[jimmybuffett2]

Agreed, this is not a scam, just a one man company run by an attorney, draw your own inferences. However, remember it is a one man company run by an attorney.

Oh, I forgot to mention that he is a well compensated attorney.

And so are his family and friends who "consult" for the company.

And did I mention the CSC fraternity arrangement from years gone by.

And least we forget all the dreams of riches from the "holy grail" that all us investors have bought into to pay for the compensation, consultants and CSC arrangement.

And of course the involvement of big universities and world renowned scientists and a large successful company, all by the way compensated by all us investors and the CSC deal.

Agreed, it is not a scam.

I think that covers it.

[manshoon1]

s and institutions to prove that this is Not a scam.

Scams make "presigitious" associations/relationships all the time. That is what makes them so good. Madoff was closely associated with the SEC, and plenty of credible investment organizations.

The theory that because Kim is paying UND(supplemental money) to perform research is in no way shape or form proof that this is or is not a scam. The same can be said of SIAL. Just because Kim is paying them......

What makes scams so disgusting is the fact that they fool so many people, including authorities.

Did you see what happened to Enron?

At least Kim tells you that his SEC filings can't be relied on:

Changes in Internal Control over Financial Reporting.

In order to rectify our ineffective disclosure controls and procedures, we are developing a plan to ensure that all information will be recorded, processed, summarized and reported accurately, and as of the date of this report, we have taken the following steps to address the above-referenced material weaknesses in our internal control over financial reporting:

1.
We will continue to educate our management personnel to comply with the disclosure requirements of Securities Exchange Act of 1934 and Regulation S-K; and
2.
We will increase management oversight of accounting and reporting functions in the future.