Replies to post #46048 on Kraig Biocraft Laboratories Inc (KBLB)

[pj123]

KBLB---All Trades Buys Sells
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[es1]

he can award himself however many shares he wants to at any time he chooses and there isn't anything anyone can do about it

You are right. He can. Yet he chooses to take none. The "award" he "gave himself" was the controlling interest. He is the majority share holder so even if he was a 50 man band he would still do what he wants.
I guess some people would think that a company with a cutting edge technology should be sure to make sure the public float is equal to the OS and the CEO holds no shares. That would insure that the shares are spread out and nobody could take the company from him right?? Seems like holding a sign saying "Take this company" would be easier.

You sound as if you think Kim would have someone to answer to if he had 50 people working for him. I think it is odd to expect that just because he would have 49 other people it would mean he would have no say when he would still hold control.

It doesnt matter how many people are involved. If you are a share holder here you either trust the CEO or you sell.

I would think there has got to be something a bit worse then "Kim isnt wasting our money on needless employees" to consider what he does as unsatisfactory.
I guess some people who have money to burn would want him to hire 50 people just so that they can think a company is "real" I personally look at what assets the company has vs where they are spending money.
A company with no assets and spending their money on pump news letters is not what I consider safe but it would be a better trade then a company that has a few assets and 50 people on a permanent paid lunch break.

I will take a company with quite a bit of IP and a product with a CEO who is counting his money every 15 min any day.

Kim is welcome to his controlling interest. He is doing quite well with it.