Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

WebSlinger, your statement below is untrue:

If the Army asked for a "tweak", then there would need to be another contract or contract extension.

Please read this excerpt from the January 8, 2018 PR entitled:


US ARMY FULLY FUNDS SPIDER SILK DEVELOPMENT CONTRACT WITH KRAIG BIOCRAFT LABORATORIES

This second phase of the Company’s contract with the US ARMY, valued at $921,000, began in July of 2017 and is focused exclusively on the development of new spider silk fibers. The Company is currently utilizing multiple approaches to create these transgenics, with performance that surpasses the original Dragon SilkTM that was produced for the baseline contract.

“The US ARMY’s choice to exercise the base contracts option period and to dramatically increase the total contract value gave us the ability to boost our research and development efforts substantially,” said Jon Rice, COO. “Under this expanded scope we are directed to develop new transgenics, with greater strength and toughness than anything we’ve ever seen before. With the allocation of the remaining contract funding, the US ARMY has now obligated all of the dollars committed in that contract award.”

Blessings to All

TRUTH