Kraig Biocraft Laboratories Inc (KBLB)

[Money4Nothing-M4N]

Also included in the 2012 article you mention was that Kim was in buyout negotiations back then.

I'm sure the foreign company that Kim was speaking to wants to see commercial quantities produced before they make an offer.

If Kim announces a sales contract during the fourth quarter of this year, I will expect a buyout announcement sometime next year. Unless Kim has had a change of heart.


"With the oversight of Kraig Biocraft, the silk farms will produce at least hundreds of pounds of the hybrid silkworm/spider silk, which then will be doled out sparingly to potential large-scale purchasers of the fiber.

As it sets up its first silk farm, Kraig Biocraft will continue discussions toward finding a much larger suitor to acquire the company.

"We believe that the ultimate way to capture value for our shareholders is for this company to merge with an industrial giant that services the market for technical textiles," Thompson said.

He said he is in discussions with a foreign company about such a merger but declined to discuss further details because of a nondisclosure agreement, other than to say no announcement is imminent."