InvestorsHub Logo
Followers 15
Posts 646
Boards Moderated 0
Alias Born 04/21/2014

Re: gamesetmatch101 post# 116825

Tuesday, 01/31/2017 9:37:46 PM

Tuesday, January 31, 2017 9:37:46 PM

Post# of 278151

Underscores the concern Kim had by saying the necessary infrastructure was crucial.



They addressed that in the newsletter:

Several of you asked about our earlier efforts in scaling production internationally and how that effort has better positioned us for success today. There are two major takeaways from our earlier pilot project which have shaped our strategy going forward. First, we found that the quality of the local supporting infrastructure is critical. Our previous efforts demonstrated that while we had no problem scaling the production of material, the lack of quality supporting services, such as silk reeling and refining, resulted in a finished material that didn’t meet our expectations for quality. The quality of supporting infrastructure is critical to our expansion. Second, we must maintain tight control of the production operations itself. Our reputation going forward must be built on the quality of our product. These key lessons have been major drivers in our plan to expand production and our selection of countries of interest.



Looks like the issue wasn't the food, weather, and humidity's effects on the silk fiber as others including myself had thought, it was the actual machinery and expertise of the people working with it that was the issue. Something that could be overcome with cost and time, but would already be in place in countries like Vietnam.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent KBLB News