Friday, January 19, 2018 5:56:06 AM
The shootpacks still haven't been delivered. Kim confirmed that they were still with Warwick Mills about a week ago. It is obvious that there is a problem, since Warwick received the material over 5 months ago (yes, you read that correct - 5 months). Who knows if the shootpacks will ever be delivered.
<< How much of that money from the army is left or to be more clear when can we anticipate on running out of funds from that? >>
According to the most recent 10Q, KBLB spends about a quarter of a million dollars per month ($250,000). The entire Army contract is worth about $1 million. Therefore, the Army contract can only sustain KBLB for about 4 months. The money is mostly gone by now.
<< We increased production? >>
LOL. Production! They can't even produce enough material to make a few sample shootpacks given 2 years. What makes you think that they can produce in large quantities?
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