Kraig Biocraft Laboratories Inc (KBLB)

[rayovac812]

I blame Kim for vendors being bugged.

I agree.

"in the fourth quarter, we opened a new production and research headquarters in Michigan, more than tripling our floor plan and capacity. Combined, these two domestic facilities represent a significant increase in our domestic capacity."

This is too typical. Tell me something like.....

...currently our production is very low at 40LBs/every 2 months. When at full capacity of the current floor plan, we expect to be able to produce 200 LBs/month. Yet again, we get information without perspective.

Apparently Kim isn't angry with us, rather our partners and vendors are upset. Rightly so, but he just can't bring himself to tell us why it is taking so long to get shoot packs done. Army is slow to pay and Warwick wants cash upfront etc...... When you set an expectation, explanations are expected when they are missed. Professional courtesy is a 2-way street. Treat me like I am the best shareholder. Did we send them more reeled fiber? If it is a temporary vendor issue, then I can understand the silence, but I am still owed a simple non-finger pointing explanation. Issues(simple or complex) have been encountered and over come, or are being worked on and we believe they can be overcome.

Where are the shootpacks? When you say "a significant increase in our domestic capacity," does this mean we are no longer in production? Why are we talking about things of which we are capable and not in terms of actual production? When is full production expected, and what does it mean by weight? I was willing to wait when it was MS, but I am very much less enthused than ever right now. The train could be put back on the rails, but I am not confident it is going to happen soon enough.

"Vietnam in particular is coming to ahead."

If Kim (in his best lawyer speak) is speaking to the head on a beer, then he could be saying Vietnam is done. We shouldn't have to wait more than 2 weeks to know.