Tuesday, June 09, 2015 12:15:54 PM
This is all speculation, but I believe that KBLB might achieve small scale commercialization from the production at the pilot facility with WM in the not too distant future, but I don’t think it would be very profitable and would likely only slow the dilution needed to keep operating.
I believe that KBLB needs a full scale commercial sericulture facility to make enough to completely stop diluting and start making some serious money. Unfortunately, with the delay in Vietnam and no word on any facility being set up elsewhere, I feel that they deadline for this is continuously being pushed. I remember Kim stating previously that it would take up to 6 months to move into a new commercial facility. I am hoping that Kim is at least freezing silkworm eggs from each generation to ensure that he can get a running start at a new sericulture facility and reduce that time when he finally can be set up. Once he has the production needed, I don’t think he will have any issues finding a demand for his supply.
Recent KBLB News
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- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
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