“Intentionally withholding news is against SEC regulations (which means that it is breaking the law).”

According to Ben, any news that KBLB has is being vetted by attorneys and they are saying what can and cannot be released during this quiet period.

“Ben never picks up the phone when I call”


Then call the sales department. You’ll probably have to sign a NDA and actually buy some silk to get the info though.

Why would KBLB even need a sales dept if they don’t have (according to some) anything to sell?

“Even though the plan might've changed. “

Then ask him what the current plan is.

Ben also inferred that they had news to be put out that was being held up by lawyers.

“Some news on MINE.”

LOL

That guy doesn’t have a clue about what is going on with MINE. Pretty much lost all credibility when he thought 26,000 shares of short interest meant company had 100% short interest.

He also didn’t seem to have a clue about why the price dropped and certainly didn’t address any of those issues.

“It seems that there is a mixup between what happened in 2020 and what happened this year. “

The only things that are mixed up are your facts.

The agreement with MK was signed in Nov and Dec 2020 and Kim’s salary increases take effect at the beginning of the year.

And, we do know he was due to get another automatic 6% raise this year in accordance with his contract. We also know that this salary has been deferred so he actually isn’t receiving anything.

“So in a year where COVID wiped out millions of jobs, and KBLB didn't produce an ounce of spidersilk, Kim decided to give himself another $18K. LOL.”

CEO signs a $40 million contract and your complaining about him getting $18,000 extra compensation which has all been deferred? SMH

Most of that had to do with his 6% annual salary increase that is in his contract and was put in place before COVID even started. The other $5,000 was a bonus increase.

So basically he got a $5,000 bonus increase for signing a $40 million contract and you think this is a big negative. LOL

“Ben follows the boards”

No he doesn’t. If you would call him you would find out why.

“this is literally the plan i have been advocating for over a year now”

So how is the company going to know this great plan? Have you called and told them how great it is? I know they don’t follow any message boards.

Arachnodude deserves all the credit for my previous post. I just added a couple of recent items.

***UPDATED LIST OF RECENT KBLB ACCOMPLISMENTS***

*Files for International Patents in key Spider Silk Knock-in Knock-out Technology
*Signs first large-scale commitment to spider silk commercialization ($40M) with $250,000 pre-payment.
*CEO agrees to forgive $4 million in debt upon listing to NASDAQ
*Files Form 8-A and secures $1M Bridge Financing towards NASDAQ Uplist
*Company receives $90,000 fully forgivable PPP loan
•Kraig Labs has developed its first immune-enhancing genetic insert, designed to create disease-resistant silkworms.
•Generation II Spider Silk Technology- Essentially pure spider silk.
•Generation III Spider Silk Technology- More specific customization.
•The Company’s knock-in knock-out technology allows Kraig Labs to work with very complex protein sequences in silkworm, which are about four times more complex than published technologies.
•Dr. Trevor Kane, the Company’s Chief Scientific Officer, stated that his team is already working on producing even larger, more complex, constructs, based on the Darwin’s bark spider.
•Ambitious immunity boosting program will benefit not only the Company’s proprietary transgenics, but will help strengthen production for mundane silk market, which is a $5 billion a year industry.
•The New Technology, which is the result of over ten years of effort, hits the target of one of the Company’s primary technological goals and opens the door for large scale US production
•Preparing to fulfill material deliveries to numerous end markets that we are targeting for growth in 2020
•2019 brought us the beginning of production operations, perhaps the most significant milestone in the Company’s work to commercialize spider silk since the creation of the first transgenics.
•Kraig Biocraft Laboratories officially transitioned into the increased production and scalability phase of our operations. This operational focus will serve as the foundation in creating and maintaining long-term shareholder value. We are preparing to expand our footprint and deliver our largest ever commercial production of spider silk.
•Established Prodigy Textiles Ltd., our wholly owned Vietnamese subsidiary, which has been granted authorization and business licenses to open recombinant spider silk production operations.
•Signed a development agreement with a market leader in high performance textiles, to create the next generation of non-woven protective fabrics using spider silk.
•Secured a factory in Vietnam, to produce our recombinant spider silk, and signed agreements with suppliers and service providers to support growth.
•Produced the first sample of woven Dragon Silk fabric.
•Successfully completed a first of its kind, international shipment of transgenic silkworms.
•Established and staffed the Company’s first standalone R&D headquarters.
•Created new transgenics with the potential to surpass our existing technologies.
•Implemented new processes rapidly accelerating the pace of new transgenic development.
•Expanded our intellectual property position with additional provisional patent filings.
•Implemented new production quality control systems in preparation for rapid expansion.

Further back...

*On July 18, 2016, we announced the opening of our first international office located in Vietnam.
*On July 12, 2016, we announced our first U.S. Army contract with whom we will be developing the next generation in soldier protective materials.
*On May 24, 2016, we announced that we completed the biosafety and project risk assessment for our planned operations and subsidiary in Vietnam. These documents were prepared in response to a request from the Vietnamese government to help them better understand the new technology the Company plans to introduce.
*On May 16, 2016, we announced that the Company is planning on establishing more than one additional production location, including domestic operations, that would produce in parallel to its planned operations in Vietnam.
*On May 10, 2016, we announced the development of 4 new transgenic silkworm lines. These new transgenics are based on a new set of the Company’s most complex protein designs to date. The Company believes that these new transgenics have the potential to produce silk fibers with an unprecedented combination of physical properties with the potential to rival its existing Dragon SilkTM line.
*On February 29, 2016, we announced the signing of a cooperative agreement with a governmental entity in Vietnam to develop and produce the Company’s advanced silk technologies. Under the terms of the agreement Kraig Labs agreed to form a subsidiary company in Vietnam and to open an advanced hybrid silk research and pilot production operation.
*On September 30, 2015, Future Materials Magazine is featured the Company in an article titled “Strong as Silk”, as well as on the magazine’s cover.
*On September 22, 2015, we were named as a finalist in three categories for Internationale Textilmaschinen Ausstellung’s (“ITMA”) Future Materials Awards 2015.The categories were in ‘Most innovative small company’, ‘Best innovation, protective textile’, and ‘Best innovation, sustainable textile.’
*On August 19, 2015, we announced the development of our strongest silk to date, Dragon Silk™ and filed two additional patents, in conjunction with the University of Notre Dame, to strengthen its intellectual property protection surrounding its transgenic silkworms and spider silk technologies.
*On June 15, 2015, we announced that after a series of meetings with Vietnam’s central and regional governments, the Company has signed a memorandum of understanding (MOU). Pursuant to the MOU, Kraig Labs and the Vietnamese provincial government will jointly develop a cooperative plan for the development and production of Kraig Labs trangenics in Vietnam.
*On January 21, 2015, Kraig Labs announced it hired a new COO Jon Rice, who will be responsible for all new product development and commercialization.
*On September 23, 2014, we announced ITMA selected Kraig Biocraft Laboratories for its “most innovative small business” and “best innovation” future material awards.
*On September 10, 2014, we announced Textile World Magazine featured Monster Silk™ as its “Quality Fabric of the Month”.
*On July 30, 2014, we announced the development and implementation of a new protocol which increased the quality and efficiency of our transgenic selection and breeding process.
*On July 15, 2014, we announced the U.S. Patent and Trademark Office registered our Monster Silk™, Spiderpillar™, and Spilk™ trademarks.
*On July 9, 2014, we announced we successfully doubled our production of Monster Silk™.
*On June 18, 2014, we announced Warwick Mills created the world’s first textile utilizing our genetically engineered spider silk, Monster Silk™.
*On May 29, 2014, we announced our genetically engineered spider silk, Monster Silk™, production program is thriving and is successfully accommodating a recent significant increase in the scale of production.
*On May 5, 2014, we announced Warwick Mills is preparing to weave the first textiles with our Monster Silk™ recombinant spider silk.
*On April 22, 2014, we announced receiving fiber testing equipment, including customized components, to test latest genetically engineered prototype fiber, Big Red™.
*On March 24, 2014, we announced our genetically engineered spider silk, Monster Silk™, production program has more than doubled in productivity.
*On February 6, 2014, we announced a very successful mission to assess the potential to establish commercial production of our high technology spider silk fibers in Vietnam.
*On January 9, 2014, we announced a meeting with high level Vietnamese government officials, regarding the establishment of genetically engineered spider silk fiber production in Vietnam.
*On October 21, 2013, we announced that we have signed a collaborative development agreement with Warwick Mills, Inc. The signed agreement is concerning the development and commercialization of advanced textiles utilizing our Monster Silk™ genetically engineered spider silk technology.
*On October 7, 2013, we announced the launching of our commercial spider silk production program with the recent hatching of its first batch of Monster Silk™ silkworms for commercial production.
*On September 23, 2013, we announced that the Monster Silk™, genetically engineered spider silk fibers are stronger than the comparable weight of traditional structural steel.
*On September 10, 2013, we announced that the initial testing of our genetically engineered spider silk, Big Red, indicate that is stronger than Monster Silk™.
*On August 19, 2013, we announced that our spider silk pilot production program has successfully produced a sufficient quantity of Monster Silk™ cocoons to make the first Monster Silk™ textile prototypes.
*On July 15, 2013, we announced we are scheduled to start commercial production of our genetically engineered spider silk, Monster Silk™.
*On May 7, 2013, we announced plans to launch the initial commercial production of our spider silk, Monster Silk™.
*On March 19, 2013, we announced that the cocoons from the first stage of the Monster Silk™ pilot production program have been reeled into threads of the genetically engineered spider silk.
*On March 4, 2013, we announced that the silkworm hatchlings from the first stage of our Monster Silk™ pilot production program have spun cocoons. The cocoons are made of Monster Silk™, our genetically engineered spider silk.
*On February 28, 2013, we announced the launch of stage 3 of our spider silk pilot program.
*On February 25, 2013, we announced that the first two stages of our genetically engineered spider silk, Monster Silk™ pilot production program are running ahead of schedule and the both stages of the program are on track to meet or exceed the program’s goals.
*On February 13, 2013, we announced jointly with SSM Industries, Inc. that they have signed a memorandum of understanding to jointly commercialize our genetically engineered spider silk, Monster Silk™.
*On February 4, 2013, we announced that we are accelerating the spider silk pilot production program, as a result of positive initial data from the first stage of the trial.
*On January 28, 2013, we announced that World Textile Information Network (WTiN) recently published an article, entitled, “Commercializing the science of spider silk”, featuring our genetically engineered spider silk technologies.
*On January 22, 2013, we announced our plans for a pilot production program for Monster Silk ™.
*On January 14, 2013, we announced the creation of “Big Red,” a new recombinant spider silk designed for increased strength.
*On January 5, 2012, we announced that the National Academy of Sciences published the peer-reviewed scientific article describing our spider silk breakthrough in the prestigious journal Proceedings of the National Academy of Sciences. Congratulations to our scientific team!
On November 14, 2011, we announced yet another breakthrough: The success of our micro-injections of Sigma-Aldrich’s zinc finger technology, and the creation of seven new strains of ZF transgenics.
*On November 3, 2011, we announced a second landmark with the signing of a commercial Spider Silk licensing agreement with the University of Notre Dame whereby the University became a Kraig shareholder.
*On April 12, 2011, we announced a landmark deal with biotechnology giant Sigma-Aldrich that we believe will pave the way for the future of our company.
*************************************************************************************

“Wonder what ever happened to that offering?”

Talked to IR yesterday. They are waiting on the green light from the NASDAQ before seating the board and proceeding with the offering. Ben was frustrated with length of time it was taking.

Sure. A company gets called out for being a scam so you post a website from them that wants to take all your personal information including social security number, credit card number, and probably some bank account numbers on top of that. Where can I sign up? SMH

“That doesn't include any other expenses that have occurred since 30 Sep 2020 (which would probably be another $1/2 million).”

I see you conveniently left out any income received in that period. At least $250,000 from MKings and $950,000 from loan that will be used to pay down liabilities. Also expecting another $2,750,000 from MKings in the next 9 months to go along with $4 million debt forgiveness from Kim.

“The $4 million "forgivenness" hasn't happened yet, and won't for a quite some time. It is contingent on "IF the Company completes an uplisting to a national exchange"

But another $90,000 in loan forgiveness has already been completed.

“Are there any kind of IRA options?”

I’m pretty sure IRA means something totally different where Esa is from.

I’m betting KBLB will be on the NASDAQ by the end of March. I think the BOD will be sat by Feb 25th and will start the ball rolling from there . If it was me I would wait to see if the board is sat by the end of the month before I would think about cashing out and paying a tax penalty. JMHO. You do what is best for you though. gl

The Equidam Service is not intended to be used as the sole basis for any decision-making and is based upon data which is provided by third parties, the accuracy of which it would not be possible for Equidam to guarantee.

Go to the Equidam website and see for yourself. Minerco didn’t hire anybody like they said they did. They just rented some evaluation software and put who knows what numbers in to get whatever valuation they wanted. https://www.equidam.com/

“mass production involves sericulture...something that many have done successfully for thousands of years”

And I’ll bet that everyone that did it successfully also had a failure along the way. Silkworms are fickle creatures.

“ It huge either way but bigly, bigly huge buying back close to a billion shares.”

The company is several million dollars in debt with no cash to speak of. How would they be able to buy back any shares? All those shares will be used for their crowdfunding shares to raise money to pay off their previous debtors.

Thanks. I guess we now know where those 400 million shares will go.

“Open up $5MM crowdfunding”

How are they going to do that? The limit is $1,070,000 per year. From following comes from the SEC.gov website.


“Regulation Crowdfunding enables eligible companies to offer and sell securities through crowdfunding. The rules:

require all transactions under Regulation Crowdfunding to take place online through an SEC-registered intermediary, either a broker-dealer or a funding portal
permit a company to raise a maximum aggregate amount of $1,070,000 through crowdfunding offerings in a 12-month period
limit the amount individual investors can invest across all crowdfunding offerings in a 12-month period and
require disclosure of information in filings with the Commission and to investors and the intermediary facilitating the offering
Securities purchased in a crowdfunding transaction generally cannot be resold for one year. Regulation Crowdfunding offerings are subject to "bad actor" disqualification provisions.”

“I have been thinking about updating the iBox on KBLB to make it more "balanced"”

What does this mean?

“The OTC is just a tool. Garbage in, garbage out. And MINE is definitely garbage.”

A quote from a favorite philosopher, only the stock symbol has been changed.

“Just in case anyone missed it”

So where did a pink sheet with no verified sales come up with $4-8 million dollars to pay off this creditor? How much cash does this company have? Where are the financials? Can you say pump and dump?

Great post! I agree completely.

Ok, we’ll see who’s plan comes closer to actually happening. I at least put a timeline on mine.

“Just wondering who immediately puts the ask down to 0.1552 after a big buy”

Could be this:

“Price Stabilization, Short Positions and Penalty Bids

In connection with this offering, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of our common stock.”

I think that Kim forgiving $4 million in debt was the last major thing he needed to clean up besides seating the board, RS, and financing so that NASDAQ would approve an uplist. I had thought that it would be a good idea for Kim to forgive the debt but I never believed it would happen. Next step should be seating the board hopefully along with a report on production/delivery. Should all happen within the next several (3-7) weeks at the rate Kim is putting out notices.

“as long as merge goes through im holding.”

Why would anybody want to merge with a gray market company? I’d be looking elsewhere quickly.

You’re the one that got my shares. I want them back.

Is anybody still hanging on here? I sold $67.50 March covered calls on the last of my shares a few weeks ago. If the price doesn’t go up much from here I will still come out ahead. Too much money to be made elsewhere than to sit here and wait for the price to creep up. glta

I agree. Hopefully I’m providing enough facts and thoughtful analysis here to be considered worthy. :)

“so about $24 million freakin dollars oughta do it”

KBLB is only going to see $10-11.5 million of that initially. The rest won’t come for another 5 years and that’s only if the share price is over the Offer Price+ at that time. What’s the current burn rate of cash?

“kim would need 2 more dilapidated sheds, a few more 5 dollar a day workers, and some more mulberry trees would need to be planted”

That ain’t going to get a contract with Milliken. Maybe not even enough to fulfill the current contract with MK. KBLB agreed to collaborate with MK on marketing R &D. What’s that going to cost? I’m sure Milliken is going to want to know that KBLB has the means to fulfill a contract before they sign up.

“how come the company that was going to bought did not say anything for all this time “

Look at who was running that company.

Enough said.

“If one does the math, they will get 211 million.”

So you’re saying that no where does it state he owns 211 million but it does state as a fact that he owns 207 million. What does the word ‘approximately’ mean anyway?

“You will notice that there is absolutely NO conditional statement attached to those payments”

Yes there is. The Board of Directors has to be sat and the S-1 has to become effective. In that order. I’m sure the board could change any payment arrangements if they so desire.

From the table on the most recent registration statement it looks like the same number of shares to me. Where do you see 211 million?


“The following table sets forth certain information regarding the beneficial ownership of our Common Stock and Series A Preferred Stock as of the date of this Registration Statement

Kim Thompson 207,272,107 (2) 24.26 %