Kraig Biocraft Laboratories Inc (KBLB)

[Cee-It]

Heritage of Bolt Technologies, and how the company's success has spread to directly compete with KBLB in many markets:

Legally the company (Bolt Technologies) is a renamed corporation (formerly "Refactored Materials") that pre-existed and was performing funded development work to prove certain technologies under grants from U.S. Agencies.

Make no assumption that Refactored Materials failed in their research. There is every indication within researched documents that they succeeded and some of their breakthroughs are classified technologies now under the control of large Private Foundations (working closely to secure funding from Federal Government Branches and agencies).

Some form of agreements were worked out to enable this transition; so, practically, Bolt Technologies is initially limited in their focus to developing mundane product uses from the technologies within the processes that were the focus of the synthetic proteins research. Here are a few of many documents that show direct evidence and implications of the custody and furtherance of the classified strategic values found from the research project. The documents show the original research of Refactored Materials and the combining of theirs and other business findings into strategic resources. IMO, this is quite typical of how small company technology advances move forward from initial research projects that are of a military or strategic value and involve classified technologies that need experienced administrators to advance them.

ALSO FYI - Within these examples and other links that they reveal there is mention of the economic advantages of this approach that the project had demonstrated.

http://www.dtic.mil/cgi-bin/GetTRDoc?AD=ADA598372

http://www.nsf.gov/eng/cbet/documents/adv_biomanufacturing.pdf

http://nancyjkelley.com/wp-content/uploads/Final-Synberc-Sustainability-Report.pdf

I find more consistency in this likelihood for explaining how and why Bolt Technologies waited legally before making their announcements; and, how the technology was able to advance once basics were proven.

I wonder about the specified endgame that has been reached in the agreements behind all of this (what happens at the time when the technology is no longer classified, but valuable, and what has been said or committed about a pathway to consolidate the gains - either for a, by then large successful Bolt Technologies, or by acquisition of Bolt and whatever legal form Refractory Materials takes in the future (a perfect acquisition or merger candidate for somebody like DuPont or Raytheon perhaps).

Funding for these types of technologies has been slim under budget constraints of the Obama Administration. This is typical of how the U.S. avoids losing the knowledge while funding is being sought.

There's implication of patent values but only one filing which suggests the classified nature of the technology is the front-line for protection (hence very limited access to information).

IMO it would be a dangerous assumption for an investor to risk money in KBLB when they have a likelihood of being the far more expensive process for creating performance fibers based on silk or spider or other forms of fabric threads than the newer technologies revealed by synthetic protein production processes. The price of KBLB still has a long ways to drop before there is any profit it has within a commercial value. There will be plenty of DILUTION and capital needs to get to finished products and the pps is most likely going much lower before it would ever have reason to climb (if it ever does).