Last week Kraig Biocraft Laboratories announced that shareholders of record as of the close of business on April 27 will be issued nine additional shares for each share of stock held. However, to be the legal owner on the record date you must buy the stock at least three business days before the record date. Today is exactly three business days away from the deadline.
Commenting on the dividend, CEO Kim K. Thompson recently stated, “This stock dividend is intended to lay the groundwork for the growth of the Company. It is part of our ongoing efforts to improve trading liquidity, broaden ownership, promote capital investment and enhance shareholder value. This action is enabled by the Company’s continued success in the laboratory and is consistent with the Board’s commitment to take actions designed to create a wider distribution of the Company’s stock.”
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