Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

Hi Ocho,

Below is a quote from Q1 2017 Spider Sense:

This has been one of the busiest quarters in the Company’s history when it comes to international expansion. At the request of officials in Vietnam, the Company’s management attended a meeting in January with leaders of Quang Nam province. This meeting was designed to outline a path for near term large scale production of the Company’s high performance silks. This visit included tours of the regions mulberry production, silkworm rearing, and textile weaving facilities to assess the region’s available capacity. Following that successful trip the Company was requested back again to conduct extensive site surveys in Quang Nam. After reviewing numerous locations, Company management met with the leader of Quang Nam province and selected two key locations.

The first was a 50 hectare parcel of land which has been outlined as the future location for an operations center to include mulberry growing, silkworm breed, hatching, rearing, cocoon storage, and potentially silk thread reeling. This location offers significant future potential, but will require development. As such, the Company also selected an existing facility nearby that can be very quickly put into operation. This facility was originally constructed for silk production and was later adapted into a garment factory. This combination of a Greenfield location and existing infrastructure will allow us to rapidly move from the introduction of our silkworms to the Vietnamese climate to metric ton scaled operations. The Company has set aggressive, yet attainable, goals for the first year’s production volume from these facilities and we are actively working to achieve those results.

It is possible that they changed facilities since this comment was made, but I doubt it. They seemed pretty set for a while on which locations they were going to use.