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<< We've had 9 PR's.
5 on the new lab.
1 on Vietnam.
1 on The Army.
1 Spider Sense.
1 Letter to the Shareholders.
Not bad I guess except nothing in any of them did anything to raise the stock price. >>
The reason the stock price hasn't gone up is because none of the PRs announced any major accomplishments. The new lab was just replacing the old (FREE) lab that they had at the university. Vietnam is still in limbo (and probably will be for many months). And it looks like they missed the Army delivery (AGAIN).
<< Didn't he say shootpacks to be shipped in december? >>
Technically, they were shipped. They just never made it to the Army! LOL. "It's in the mail" (as they say). LOL
3 of the craziest bulletproof body armor advances of 2017
http://www.foxnews.com/tech/2017/12/28/3-craziest-bulletproof-body-armor-advances-2017.html
<< We are ever so close on Vietnam, and within several months after we begin business there, things will change in a hurry for KBLB. >>
Sorry, but I have to disagree with you on this one:
- First, I don't think that Vietnam is anywhere near close. They have been trying to get into Vietnam for about 3 years. The latest snafoo is that they haven't even announced that they have filled in the forms and sent them in for approval. It boggles the mind to think that filling out a form would take more than 60 days.
- Second, even if they were close, they haven't proven that they can produce large quantities of product. They had to delay delivery to the Army for about 6 months. And that delivery was only for a few shoot packs. I would hardly qualify that as a "large quantity". And at this point, it seems that the Army delivery is going to be delayed yet AGAIN.
- Third, even if they can produce large quantities of product, there have been no reported deals made with ANY company that wants to buy their product. So why would they produce tons of product? That would be like someone manufacturing an "advanced 8-track tape player" that nobody wants to buy.
I have been long on this stock for a while now, but I am about to cut my losses if nothing happens within the next few weeks.
<< I cant imagine how that is all supposed to be lighter than any other vest.. >>
They say that it weighs about the same as aluminum yet is stronger than steel.
<< Until they publish their ... strength or toughness numbers on their yeast silk, the strands are worthless as goat milk or spaghetti. >>
I think that a lot of KBLB investors don't understand that BT isn't trying to make super-strong silk. They are looking to produce a replacement for man-made fibers (such as polyester, rayon, nylon etc) that don't breakdown and are polluting our landfills and oceans. It looks like they have already succeeded in that endeavour. The only issue at this point for them is to reduce the cost so that it will be competitive with other man-made fibers. If they ever get the costs down, then they will have a product that will be a game-changer for the fashion industry.
<< ... given that he paid $90k for that property, I will ask again..do you thin $960 is a fair price? >>
A 30-year mortgage at the current rates (around 4%) would result in a monthly payment of $430.
From that perspective, $960 seems a bit high (more than 100% higher than cost).
<< This 2016 PR is why I think that they already made the sweeter cookie:
New Engineered Spider Silk has Potential to Unseat Dragon Silk as World's Strongest Recombinant Silk Fiber >>
If that is the case, then KBLB is lying to the military. The military is paying them lots of money to research & engineer a NEW product. If they already have the product, then there would be no need to take money from the military to create it. I hope this isn't the case.
I also tried to research the address and found many other organizations sharing the same address (including the exact same suite #). I also found that the suite looked like it was "owned" by a company that then rented out the space to people & businesses. In other words, this "suite" is a large area (maybe a large part of a floor). The company that "owns" the suite, then breaks it up into "offices" and "cubes" and then rents them out to others. It looks like KBLB is one of their "renters".
On a good note, it says that they delivered the fibers for the shootpacks to Warwick Mills and they expect delivery to the Army in December:
"The fibers for the base contract with the US Army shootpacks have been processed and delivered to Warwick Mills. We expect that the shootpacks will be delivered to the Army, in December."
The newsletter says that they still need a final CENTRAL GOVERNMENT approval for Vietnam. It also indicates that it will take at least one to two months to submit the paperwork for this:
"We are continuing to work with the provincial government’s leadership and designated implementation task force to obtain one final central government ministry approval. We expect to have the additional requested documentation submitted within the next 30 to 60 days.
The wait continues...
banana:
<< You had better re-read the PR, since it has taken years to get to this point. >>
The fact that it took "years to get to this point" is especially sad, since this point is not much closer than they were 2 years ago.
As you suggested, I did re-read the PR, and it is even worse than I initially thought.
They might as well not even had a PR for this "news" (or lack thereof).
- They received "verbal approval" and not written approval. Verbal approval is pretty much worthless in the business world. Without a written agreement, this statement is useless.
- "To the best of our knowledge" they need "clearance from one additional governmental unit". So they don't even know what they need at this point (2 years later). After 2 years, how can you not know what is required for final approval?
- They have a "proposed production site". So at this point, nothing has been purchased or leased.
- They have a "probable headquarters". Once again, nothing definitive.
Nothing in this PR is set in stone. Everything is wishy-washy.
Even if we were to wear our rose-colored glasses and drink that banana Kool-aid (and assume that everything in this PR will happen), they still need to get final approval (in writing), ship the worms (where they will sit in quarantine for some time), breed the worms for a few generations, setup headquarters, purchase or lease the production site, setup the production site, etc. I think that we are easily looking at 1-2 years before things are ready for "production".
In addition, from what I have been reading, there seems to be an issue with the quality and consistency of the product (which is why nothing more than a few threads has ever been delivered to anyone).
"...clearance from one additional governmental unit is the only remaining regulatory hurdle to advancing the Company’s plans for selective breeding in Vietnam,”
This is pretty sad. They still haven't received final approval. And they don't even mention which government unit they need approval from.
"To the best of our knowledge,..."
And it doesn't look like they even know how many hoops they need to jump through for final approval.
=======
ANN ARBOR, Mich., -October 17, 2017- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that Company management has recently returned from a series of highly productive meetings with high level provincial and central government officials in Vietnam. During these meetings the Company received the support and verbal approval to import the Company’s hybrid silkworms and begin selective breeding. This is the critical step in advancing the Company’s plans for commercial production in South East Asia.
During this trip, the Company’s management also met with its local architecture firm to review the master build plan for its proposed production site on 50 hectares. Management also toured an existing facility which has been selected as the probable headquarters for its hybridization operations and early stage production.
The Company is now working with officials from the Province as well as the Ministry to formalize the approvals granted during the meeting in Ha Noi. “To the best of our knowledge, clearance from one additional governmental unit is the only remaining regulatory hurdle to advancing the Company’s plans for selective breeding in Vietnam,” said COO Jon Rice. The Company is now working with its consultants in Vietnam to expedite final clearance and to answer any additional questions or comments from the relevant Ministry.
“Obtaining this approval has been a lengthy process involving years of work in collecting data and conducting numerous meetings sharing that data with governmental agencies,” said CEO and Founder Kim Thompson. “The focus of those meetings has been answering their questions about our technology and how it can benefit the people and economy. We believe that the most significant bureaucratic and regulatory hurdles are now behind us. We want to thank the governmental officials and other relevant parties who worked hard during this lengthy preparation and deliberative process. We would also like to thank our loyal shareholders who have been navigating this lengthy regulatory process with us. Without their support, none of our achievements would be possible.”
Where in Texas is property with mulberry trees?
Great post TRUTH!
Imagine feeding graphene to KBLB silkworms. They would produce some SUPERSTRONG silk!
Someone needs to let KBLB know about this endeavour so that they can implement graphene into their silkworm diet and test the results.
Since there was talk about military uniforms today, I thought this was fitting:
http://www.military.com/daily-news/2017/08/10/army-to-begin-testing-new-jungle-uniform-next-year.html
Military.com | 10 Aug 2017 | by Matthew Cox
In January, U.S. Army uniform officials will begin an evaluation of the service's new Improved Hot Weather Combat Uniform by issuing the lighter, more breathable uniform to thousands of soldiers in Hawaii.
The new IHWC is the result of a directed requirement to outfit soldier with a jungle uniform suitable for operations in the Pacific theater. This follows a similar effort that recently resulted in the Army fielding 9,000 pairs of new Jungle Combat Boots to the 25th Infantry Division's 2nd and 3rd Brigade Combat teams in Hawaii between March and August.
Up until this point, 25th ID soldiers training to operate in hot, tropical environments have been wearing Universal Camouflage Pattern Army Combat Uniforms and Hot Weather Combat Boots intended for desert environments.
"January 2018 is going to be huge," said Capt. Daniel Ferenczy, assistant product manager for Extreme Weather Clothing and Footwear. "They are going to be pure-fleeted in the [Operation Camouflage Pattern] with jungle boots in a hot weather combat uniform."
The new uniform, made by Source America, is a 57 percent Nylon/ 43 percent cotton blend to make it "faster-drying" and have "greater airflow" than the 50-50 Nylon cotton blend on the ACU, Ferenzcy said.
"It adds a little bit more strength which allows us to make it a lighter blend or a thinner weave ... so it should dry a little quicker," Ferenzcy said. "There are also architectural differences between the ACU uniform and this one."
The new uniform has better flexibility and less layers of fabric, Ferenczy said adding that "less layers of fabric means that it retains less moisture means it dries quicker."
There are no breast pockets since soldiers in the field are typically wearing gear that covers them, and "all they end up doing is retaining moisture and heat, so we removed that extra layer there," Ferenzcy said.
"The back pockets in the trousers are gone as well for the same reason," he said. Uniform officials have added an ID card pocket inside the waistband.
The Improved Hot Weather Combat Uniform blouse also features a button-down front instead of a zipper closure. Uniform officials also replaced the side zipper closure on the shoulder sleeve pockets with a button-down flap at the top of the pocket, Ferenzcy said.
The new uniform features reinforced elbows and reinforced and articulated knees and a gusseted crotch, said Ferenzcy, whose office worked with the Natick Soldier Systems Center to develop the IHWCU.
"Every design feature on this uniform came straight out of the horse's mouth," Ferenzcy said. "The folks that designed it worked hand-in-hand with the Jungle Operations Training Center in Hawaii."
The plan is to issue about 20,000 sets of the new uniforms to the 2nd and 3rd BCTs in Hawaii in January and then another 10,000 to 12,000 sets in March, Ferenzcy said, describing the $14 million effort.
"This is under a directed requirement, so right now they are just a one-time buy," Ferenzcy said. "It was 'hey, we need to get these guys ready for Pacific operations.' We don't know exactly yet how we are going to sustain it."
After 25th ID soldiers have a chance to train in the new uniforms, Ferenzcy's team plans to return in "April or May and get feedback on the uniform and then we will make adjustments as needed, Ferenzcy said.
"It they don't like this material, the 57/43 NYCO blend, we may go with something else," he said.
Phase two of the effort involves buying another 11 brigades worth of the IHWCU in its final form for contingency stocks "in case another brigade got turned on to deploy or do a training mission in a tropical environment, we would have uniforms ready for them," Ferenzcy said.
"This uniform is about a pound lighter than the Army Combat Uniform; it's very comfortable and not only does it make fighting and operating in a tropical hot wet environment easier, it's also going to potentially mitigate heat injuries because it holds less heat and less moisture," Ferenczy said.
"There no scientific studies to back this up, but heat casualties across the force are one of the biggest things that take soldiers out of the fight."
What is a shoot pack? I have seen it mentioned multiple times, but can't seem to find a proper definition or image anywhere.