Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

Didn't Kim say that KBLB is longer to be considered a development stage company?

KBLB is still DEVELOPING fibers,aren't they?


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I define KBLB as such only in its simplest terms.


They are still coming into their own....


This is not to make light of the SIGNIFICANT PROGRESS that has been accomplished thus far.


Definition of 'Development Stage'

Click For Investopedia Definition

A company that is in a preliminary or early state of its corporate life. A development stage company is characterized by its focus on early-stage business activities, such as research and development, market research or construction of manufacturing facilities. Development stage companies are generally underfunded and likely to be on the lookout for sources of capital.

While development stage companies usually have limited revenues and earnings, the prospect of substantial profits in a few years time, makes them attractive investments for risk-tolerant investors. Early-stage companies that can successfully grow their business and graduate to the big leagues over a period of time, are likely to reward their shareholders well. Since a substantial proportion of development stage companies fail, a diversified approach is necessary when investing in such companies.

Kim obviously knows more than he's currently saying IF such a statement was made.


I've noticed that more and more of his statements even exude confidence:

“Our production system is the only commercially viable technology for producing spider silk,” says Kim Thompson, Kraig’s founder and CEO. Genetically engineered silkworms are “the only way to go.”

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The above statement reaffirms my previous statement.



TRUTH