Kraig Biocraft Laboratories Inc (KBLB)

[FACT-MASTER]

Could you explain what sort of arrangement you think Kim Thompson should have made with a private investor in the past?

.... let's examine that hypothetical by asking the hard questions,, similar to the questions asked on "Shark Tank"


1)Is the fibre produced by the transgenic silkworm of consistent quality and consistency? - no

2)Has the process been patented? -no, only applications have been submitted.
2a)Any possibility of infringing on spider silk patents already out there? - to be determined.

3)Any regulatory hurdles to overcome in the USA? - yes, the USDA, APHIS, and were not sure about the FDA,,,

4) Vietnam?? where you are planning mass production? -yes,the Cartagena Protocol on BioSafety,,
4a).. and you have approval there? - no, at the "risk assessment" stage

5) Any prototypes available of any products?? - a glove

6) What is your Revenue to date? - $0.00

...most private investors, i beleive would concur with your conclusion

...."meaning I'd be unwilling to risk my $5 mil as a loan"