Marketwire ”Press Releases ”
LANSING, MI — (MARKET WIRE) - 10/10/10 - Kraig Biocraft Laboratories, Inc. (PINKSHEETS: KBLB) announced today that numerous financial websites experienced a temporary disruption in their Company related data stream last Thursday, October 7, 2020 .
The data stream interruption was the result of the largest market makers changing trading platforms. “Apparently the largest market makers have decided to run their trades through the pink sheet system because of dramatic increases in OTCBB trading fees,” said CEO Kim Thompson . “The change had nothing to do with our corporate activity. We remain current on all of our filings and will of course remain a reporting company. Our third quarter just ended a few days ago on September 30th , and we anticipate filing our 10Q in record time for Kraig.
“The migration of market makers from the OTCBB to the Pink Sheet trading platform apparently began accelerating when the OTCBB decided to increase the fees it charges market makers. When market makers run their trades through a rival platform and give no part of their business in a security to the OTCBB for a period of four days or more, the OTCBB can list the subject security on its daily list under rule 15c2-11. For reasons which have not been explained by the OTCBB, this action resulted in the data stream disruption as the OTCBB apparently did not provide advance notice to the financial service websites or to the Company.”
During the disruption the Company publicized that current data might be obtained by adding .pk to the Company’s symbol. As of this writing, it appears that that is not necessary and that data flow has been restored to KBLB. The Company thanks all of the financial service websites and information technologies professionals who worked during the day last Thursday to restore the flow of information.
For more information on Kraig Biocraft Laboratories please visit the Company’s web site: http://www.KraigLabs.com
Source http://bit.ly/9QAI2P
