KBLB "inadvertently" buried a transaction involving 10,000,000 shares worth $400,000 that KBLB issued to Ben Hansel. We didn't think anyone would notice this "slight oversight" so we didn't get around to fixing it until now. Actually, we didn't want anyone to know about the transaction where KBLB funneled shares to Hansel's Family Trust which ended up in the hands of KBLB's stock promoter Brian Heckathorne.
As previously reported in the current report on Form 8-K filed by Kraig Biocraft Laboratories, Inc., a Wyoming corporation (the “Company”) with the SEC on November 7, 2013, on November 6, 2013, the Board of Directors of the Company, concluded, based on the recommendation of management, that issuance of certain warrants to purchase 10,000,000 shares of common stock (the “Warrants”) to a consultant valued at $400,000 using the Black-Scholes option pricing model had not been accounted for in the financial statements of the Company for the fiscal year ended December 31, 2012, which financial statements should therefore be restated to correct this error. Consequently, the condensed financial statements of the Company for the fiscal quarters ended March 31, 2013 and June 30, 2013 included in the Company’s quarterly reports on Form 10-Q filed with the Commission on May 15, 2013 and August 19, 2013, respectively, contained the same error.
I have to apologize to you and wish I'd have listened to you (or maybe one of your other screennames) a long time ago. not sure how you are able to keep up w all your research and earn a living but keep fighting the good fight. Happy New Year to you.
I don't even have to look at it to tell you what it says: we don't give a rip about our investors, we're just gonna ride this gravy train till we run out of track and hope the sec is too busy to chase us. Merry Christmas!
I think you misread that there lady what it realy says is we have teamed up with a company that has told us to get our house in order or take a hike for if they don't get it in order they will receave the big black ball in the industry!!!!