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***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
We keep hearing about how this stock is world shattering, yet the market isn't buying that BS (literally).
There was less than $5000 in TOTAL traded today.
Pathetic.
<< Further acceptance of KBLB by Lam Dong and Vietnam is hilarious? >>
The only thing that they accepted from KBLB was their money. LOL.
<< Jan. 9, 2024– KBLB ..... today announces its Vietnamese subsidiary, Prodigy Textiles ..... has joined the Vietnam Sericulture Association (“VSA”). >>
OMG! That is just hilarious.
They have nothing better to announce than joining some ridiculous association.
Did they get a secret decord ring with their membership?
<< How can someone put out so many false statements that never happened over at least 10 freaking years and want to be believed …incredible! >>
Unfortunately, it happens quite often on the OTC.
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
<< How much is he paid a year ? $450,000 ? >>
He currently gives himself about $475K in salary, another $95K in bonus, and a slew of other benefits (free health insurance, free car, golden parachute if he fires himself, etc). And all of that for basically doing nothing for over 15 years.
<< Care to outline for us where the CEO has performed even one pump and dump? >>
Here you go....
During the timeframe between April and July 2019, the share price went from around 6 cents to 50 cents and then back down to around 20 cents (and has dropped down to 3 cents since then).
In April 2019, the Douchebag CEO posted a PR about Polartec (which caused the share price to rise appreciably).
Polartec And Kraig Biocraft Laboratories To Bring First Spider Silk Fabrics To The Performance Apparel Market
"To approve a reverse stock split of our issued and outstanding Class A Stock by a ratio of not less than one-for-ten and not more than one-for-forty (the “Reverse Split”) at any time prior to July 23, 2020"
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
<< They have stated the same or similar for the past 10 years. They have always warned of not having enough cash to complete their plans. >>
EXACTLY.
And they have diluted the stock year after year after year. 2023 is pretty much the ONLY year that they didn't dilute very much.
2024 will be more of the same.
RINSE, WASH, REPEAT....
<< Why is this time any different?>>
It isn't.
They will dilute again this year, and probably next year as well.
<< once they get metric ton production going that should be the final move for KBLB to start creating its own cash through sales of its silk >>
KBLB plainly states that the cash that they have on hand (as of 30 Sep 2023) is "insufficient to complete our business plan". They have even less cash now (3 months later), and will have even less when they are (supposedly) going to run Spring trials (6 months later).
On top of that, KBLB then says "we will need to seek additional funds, primarily through the issuance of debt or equity securities". In other words, they will need to dilute shares.
I'm not sure how they can communicate that more plainly.
Yet some investors want to totally ignore their warning.
CAVEAT EMPTOR
"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm
It must be so demoralizing to see the price pump up for a few days, only for it to come crashing back down (and even drop more) EVERY TIME.
<< Kblb has enough money to last about 2 more years… >>
That is complete BS and you know it.
In the most recent quarterly 10-Q filing (30 Sep), they reported that they had a net loss of over $1.7 MILLION over 9 months. That prorates to about $2.3 MILLION for all of 2023.
In that same filing, it said that they had $2.9 million in cash / equivalents.
That means that they will barely get through 2024 with that money (especially since costs increase every year, and they are supposedly "ramping up" (aka spending more)).
I have NO doubt that they will be diluting more this year.
<< thats called lying >>
So you are saying that the Douchebag CEO is lying in the SEC filing?
That could very well be. He has lied time and time again over the past 15 years.
"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm
<< the steering committee >>
the steering committee = the Douchebag CEO, the Scumbag CFO, and the Jagoff President
LOL
The offering states:
"Nano Mobile seeks to create a portfolio of residential and commercial properties with EV-charge-points across Los Angeles, California, Las Vegas, Nevada, and Boston, Massachusetts. The company will achieve its goal by acquiring existing properties and retrofitting them with EV-Charge-Points that will be available and open to all EV-drivers allowing them to recharge at affordable fees. Across its properties and those it has under lease or joint-venture agreement, the company intends to provide EV charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Nano Mobile wants to be a crucial player in the clean transportation future and wherever it is possible, the company would pursue the goal of designing many of the proposed charging networks to be powered by renewable energy. Nano Mobile action-plan includes partnerships with other landlords, automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations."
<< LinkedIn employees? 134 employees. Are you suggesting that these people are all members of an “elaborate scam”? >>
That is a bad argument. There are usually only a few at the top that know whether something is a scam or not.
Wasn't Theranos a scam? Didn't they have over 800 employees?
Wasn't Enron a scam? Didn't they have over 20,000 employees?
There are plenty of other examples.
<< Show me anywhere where any recent PR confirms production is not already underway >>
First off, I am talking about COMMERCIAL production. I am not playing word games (like many on this board) that want to say that an ounce of spider-ish silk is "production".
Second, there isn't one recent PR that confirms COMMERCIAL production is underway (and I am NOT talking about forward-looking BS statements or word play).
Third, the recent PRs have discussing running a few "early" two-strain hybrid field tests recently, and they are now hoping to run field trials in the Spring. Tests and trials come way before any sort of production.
<< Some time ago that portion of the contract was agreeable removed. Find it. >>
That is especially smelly BS.
<< How do you know the deal with Kings is over? >>
In every practical sense, the Kings contract is over. MtheMovement has moved on.
The contract was for 4 years.
Nothing was delivered in 2021.
Nothing was delivered in 2022.
Nothing was delivered in 2023.
Technically, Nov 2024 is the end of the contract, but it is likely that the contract has been voided for failure to deliver.
"The working relationship can be terminated at any time by any Party following a consultation period of 120 (one hundred and twenty) calendar days or such period as agreed otherwise between the parties and thereafter giving 60 (sixty) calendar days written notice of termination to the other Party. "
<< I believe production is already underway and the field trials, which will likely begin in February (spring time in Vietnam) will be for testing other lines. >>
WRONG AGAIN!
The PRs make it very clear that the trials are for the currently existing lines, and that commercial production won't be coming for many, many months (and probably not before 2025, if then).
There are many examples. Here is just one:
“July 18, 2022 - Working with this contract manufacturer, we will soon be ready to deliver metric tons of eco-responsible and cost-effective spider silk to the consumer markets.”
<< The one thing about Kim is he doesn’t know how to build on momentum. For a Previous penny stock broker it’s like he doesn’t understand that when we get a push Like we just had he has a penchant for going into Mime Mode. >>
There is a reason for that. He knows exactly what he is doing.
<< Kim and Jon have announced successful production of Spidersilk. >>
The Douchebag CEO and his minion have been claiming that same BS for over 10 years:
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a small batch of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm
<< 90 times more sells than buys...and the pps dropped 2.7%?? >>
Yes, it is called market manipulation. The Douchebag CEO used to be a penny stock broker. He knows how to play the game (with other people's money).
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
It looks like volume has dried up.
Back to 3 cents we go....
<< The fact that the dark side of the board declares a product untested, not commercially viable and probably is not even spidersilk shows the bankruptcy of creditable responses being desperately thrown against the wall in hopes of something sticking. >>
It is always the same BS from the rah rah pumpers.
The claim is always you can't prove that the most recents PRs are false.
Time passes and it is obvious that the PRs were mostly lies.
Then the claim is that the past should be ignored.
LOL
<< i own around 29K shares, should I add more? >>
There really isn't any news that can come out for a long time that will make the share price rise.
Israel is currently at war. That might not end for quite a while. And when that war ends, it will take quite a while before ZNOG can hire personnel, get equipment, and start drilling. During that entire time, dilution is your enemy and will drop the share price slowly over time. For example, between 30 Jun and 30 Sep 2023, there were about 26 million shares diluted.
<< I think it would pass the durability test for clothing. >>
I doubt it. The Douchebag CEO has never discussed how spider-ish silk performs with water in the past 15 years.
In general, silk is a delicate fabric and can easily be damaged by water. That is why the majority of silk clothing is dry clean ONLY.
Silk is known to shrink when contacted by water. Silk fibers swell and contract significantly when wet. Improper washing or exposure to rain can cause irreversible shrinkage and loss of shape.
Silk can get permanent and visible water spots where water has dried.
Repeated soaking or even frequent brushing when wet can weaken the silk's delicate fibers, potentially leading to tears or rips.
<< pretend it was just a photo with nothing else involved... >>
The Douchebag CEO has lied many times in PRs, and Letters to Shareholders.
What is to make one think that he is all of a sudden now telling the truth?
Here is a video that shows him trying to make himself look important (by reviewing a document and having "flashes" go off from imaginary press):
<< once again, the past is the past and is not revelant.. >>
Past history can help to predict the future. By studying past events, patterns and trends can be identified that may repeat themselves in the future. This information can be used to make predictions about what is likely to happen in the future.
In addition, the past WAS the future at one point. For example, when KBLB stated that they were ready for "sale and scale" back in 2014, the future looked bright. But now when we look back on that event 9 years later, we see that it was a COMPLETE FAILURE.
<< for the sake of funding development and overall operations >>
So you are saying that the 100s of MILLIONs of shares that were diluted by the company were not enough?
LOL
<< He hasn't decreased his shares in a effort to minimize loss. >>
WRONG AGAIN!
He has sold over 120 MILLION shares over the years.
In addition, he gave himself all of those shares. He didn't buy them. And he can give himself more shares at any time (which he has done from time to time).