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The market is not going to get excited with today's news!
"Because I believe a lot of what was explained still applies and will be revealed as time goes by."
As a matter of fact, a lot of what KBLB has said still applies since more than three years, especially anything about commercialisation!
Never mind, it works fine.
Can anyone check if there is a problem with the access to kraiglabs.com? There seems to be a problem with the website, or maybe the problem is at my end.
I think my point is even more probant if we consider that WM and SSM are probably competing entities.
I would have chosen you with the expectation that you could help me materialise my objective and leave the door open to an agreement with another entity (making yours' void if that happened) should you not be able to help me materialise that objective...
If I tell you that I have access to an infinite source of energy and I have almost figured out how to harness it, would you sign an MOU with me?
Don't tell me that Ben gave you that info...I wouldn't believe it!:o)
"The deal is good still, and will always be good..."
How, in the world do you know the deal is always good? Do you know the specifics of the deal?
Well, if you are a business you don't have time to waste, isn't time money, right? SSM is a serious business that deals with serious government bodies and private bodies.
It's been more than a year...do you think SSM is patiently waiting for KBLB to diligently fulfill its strategic plan....I don't think so. They may write a new agreement with KBLB if they see a material and real opportunity...I may be wrong of course! This is AIMOOC!
I have dealth with a lot of MOUs, and all of them were pretty clear on the roles and responsibilities, financial implications, specific conditions and timelines, so I don't think this one would be any different. Generally, If an MOU has a specific condition and the condition is not filled, in a specific time frame, the MOU becomes void or obsolete....
Lets put it that way, WE DON'T KNOW WHAT IS THE END DATE OF THE MOU!
I hope you don't think you're the only one doing it...
Truth, if youl'd ask him if the MOU was on paper he would respond with certainty...and even then probably more something like that:
The MOU appears to be on paper format.
Yes correct, I don't think Ben wants to make us feel good or bad, he just does not want to disclose any information that has not been released officially...
Es, to be fair, if you did ask:
"If Warwick made a new product from MS and was delivered 2 tons to begin production and I called Ben, would he tell me that warwick isnt working on anything?"
He would probably respond something like: I don't know if work is in progress or the nature of it, if it is, since the shipment of the 2 tons of MS, but if it, is we will inform shareholders in a near future.
Thanks Es, do I understand correctly that they told you about the content of the MOU and if I called them they would tell me about other aspects of the MOU? If that's the case why didn't KBLB disclose the content of the MOU to the shareholders?
TEC, that's nice but I don't think SSM is in play anymore, considering that we will probably be shipping at least a metric ton of MS to Warwick in the coming weeks.
I'm saying that because the Company never told us of a delivery of a fiber to SSM, though it talked about a pilot project, but if I recall, that pilot was not with SSM but for the production of MS...
Rayo, if the next PRs are anticipated to bring the share value over a dollar, do you think the Company could transit back to Nasdaq? If so, wouldn't the company prepare the field for it?
The wait is long...so long...when you know it's coming...
Lets hope it is the calm before the storm!;O)
You probably are the source of the rumor...
Thanks Romans.
How soon is that...end of May, beginning of June?
I may not be a scientist but considering that we use a mix of genes, our product will never be pure spider silk, but we may have a product that will be equivalent or better (far better)!
Also considering that MS will make its proof to the market, I think the share price will be very high ($5, $10, $15, who know?) once we announce that our product is equivalent or surpasses spider silk!
How in the world would know that there is a news coming early next week?
That's very true Imjin.
I believe he did better...
ID, it's really hard to get close to a realistic cost, there are too many unknown factors. It seems that our silk worms are litle bit bigger than regular silk worms, so they might be eating more mulberry leafs, they may require a warmer environment, they may require some other specific care but in the other hand, those dedicated silk worms may be making bigger cocoons (therefore more Monster Silk). So $1.1M...$900K...$600K per ton (I don't know why we keep talking about a metric ton? Could a ton be 1000 pound?). I don't think we'll ever get that kind of detail anyways, not even in the Financial Statements.
"How many spiders does it take to make a metric ton of material?"
In our case, none.
"Serious question, is the material actually formulated according to spider specifications at a lab?"
No, it's formulated according to client specifications...I think.
That metric thing is confusing, so that would be $1M per metric ton. Somewhat less interesting...
I hope a metric ton of MS generates a lot of material...
Yes correct, sorry about that. Thank you King, that makes it even more appealing for any textile producer! And great for the Company's mark up and great for the share holders, when we succeed in making money with this...
Interesting. So the Company would be able to produce a metric ton for less than $100K.
You did not miss anything Imjin, the MOU with SSM did not materialise into anything yet and we don't even if it is still valid!
Rayo, I don't really get excited anymore with information like that because it could take year(s) before we get more details on it, just like BR.
By the way Ben has indicated that we should have news related to BR sometime soon...scuse my enthousiasm.
Since then, we sort of figured out that things didn't go as expected but maybe we're wrong...
TEC, we were never told that any project with SSM is dead but if it is not dead, it's been a while since our last update!
Sorry that was 1.06M...
Wow, already 1.6M shares traded before noon!
That's interesting info Spill, let's see it come true!