After the closing bell today, Kraig Biocraft Laboratories, Inc. announced that the record date for the recently declared stock dividend will be April 27, 2009. Shareholders of record as of the close of business on this date will be issued nine additional shares for each share of Common Stock held.
CEO Kim K. Thompson recently commented, “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.”
This stock dividend declaration follows the announcements over the last several months of significant increases in laboratory productivity. Kraig Biocraft believes their remarkable success is the direct result of the company’s successful efforts to recruit highly talented scientists and researchers.
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