Kraig Biocraft Laboratories Inc (KBLB)

[jose0505]

i think you are partially correct sick.. i think the extension is specifically requested on the option phase not the base contract

"Under the base phase of this contract the Company has produced recombinant spider silk for weaving into ballistic shootpacks. These shootpack are currently being woven and have not been delivered to the U.S. Government customer. The Company is also currently working on the awarded option extension to develop new recombinant silks."

"On July 24, 2017, the Company signed a contract option extension with the US Army to research and deliver recombinant spider silk fibers and threads. This contract option increased the total contract award by an additional $921,130 to a total of $1,021,092 and added 12 months to the contract duration. The Company has requested an extension of this contract option period through December 2018."

i think they requested the extension on the option phase (new transgenics) not the original shootpacks... i still beleive those are due under the deadline coming up.

i could be wrong but those are my two cents from reading those paragraphs from the 10Q