Friday, August 24, 2018 7:56:59 PM
<< Did you not see the photo of the DragonSilk shootpack panels? That is a product. >>
No, the shootpacks are a sample of a future possible product. You can call one item a product if you like, but that isn't really what will propel this stock upwards and it won't make anybody rich. I am talking about a product that they can mass produce and actually sell to customers. In that light, they don't have a product.
<< The U.S. Army is a customer and they are footing the bills. >>
They are not "footing the bills". The Army signed a contract which stated that they would pay KBLB for certain deliverables. After 2 years, KBLB has finally delivered the 1st deliverable (the shootpacks). They will finally receive the entire $100K for that deliverable. But KBLB still owes the Army the 2nd deliverable (custom spidersilk), which is for $900K.
The total Army contract is for about $1 million. That is the most that KBLB will receive from the Army (under that contract). But KBLB has spent millions over the past few years. Kim's salary alone was about $700K over the last 2 years.
<< Not sure what you’re trying to say, but they do have products. >>
It is very simple. They have ideas and dreams (and a few samples), but they don't have products. If they do have products, then where are all of the customers? The medical customers? The sports apparel customers? The military customers? If they do have products, then were is the financing? If they actually had something to sell, banks would be falling over themselves to loan them money and make a nice interest rate in return. The reason that no financial institution wants to loan them money, is because they are almost bankrupt, have no collateral for them to collect, and don't have a product.
No, the shootpacks are a sample of a future possible product. You can call one item a product if you like, but that isn't really what will propel this stock upwards and it won't make anybody rich. I am talking about a product that they can mass produce and actually sell to customers. In that light, they don't have a product.
<< The U.S. Army is a customer and they are footing the bills. >>
They are not "footing the bills". The Army signed a contract which stated that they would pay KBLB for certain deliverables. After 2 years, KBLB has finally delivered the 1st deliverable (the shootpacks). They will finally receive the entire $100K for that deliverable. But KBLB still owes the Army the 2nd deliverable (custom spidersilk), which is for $900K.
The total Army contract is for about $1 million. That is the most that KBLB will receive from the Army (under that contract). But KBLB has spent millions over the past few years. Kim's salary alone was about $700K over the last 2 years.
<< Not sure what you’re trying to say, but they do have products. >>
It is very simple. They have ideas and dreams (and a few samples), but they don't have products. If they do have products, then where are all of the customers? The medical customers? The sports apparel customers? The military customers? If they do have products, then were is the financing? If they actually had something to sell, banks would be falling over themselves to loan them money and make a nice interest rate in return. The reason that no financial institution wants to loan them money, is because they are almost bankrupt, have no collateral for them to collect, and don't have a product.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/22/2026 08:30:20 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/22/2026 08:30:19 PM
- Kraig Biocraft Laboratories Highlights Technical Breakthrough of Its Immortalized Silk Gland Cell Platform • GlobeNewswire Inc. • 05/20/2026 11:35:00 AM
- Immortalized Silk Gland Cell Line Breakthrough Expands Kraig Biocraft’s Biotech Ambitions (KBLB) • IH Market News • 05/18/2026 03:12:33 PM
- Kraig Biocraft Laboratories Announces Breakthrough Creation of Immortalized Silkworm Silk Gland Cell Line with Broad Biotechnology Applications • GlobeNewswire Inc. • 05/18/2026 11:05:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2026 08:31:50 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/14/2026 12:14:08 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/14/2026 04:15:05 AM
- The Plastic Crisis Is Exploding and Kraig Biocraft Laboratories Has a Unique Answer • GlobeNewswire Inc. • 05/13/2026 01:05:00 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 05/11/2026 08:30:47 PM
- Kraig Biocraft Laboratories Commissions New Production Rearing Center to Support Accelerating Spider Silk Scale-Up • GlobeNewswire Inc. • 05/11/2026 11:05:00 AM
- Kraig Biocraft Laboratories Positions Itself as a Front-Runner in Spider Silk Race • GlobeNewswire Inc. • 05/07/2026 01:05:00 PM
- Kraig Biocraft Laboratories Launches April/May Production Cycle Following Record Spider Silk Output • GlobeNewswire Inc. • 05/04/2026 11:05:00 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 04/30/2026 09:07:15 PM
- Kraig Biocraft (KBLB) Spider Silk Production Milestone Signals Progress Toward Commercialization • IH Market News • 04/30/2026 02:54:26 PM
- Kraig Labs Clears Dual Commercialization Milestones with Record Spider Silk Production and Successful Reeling Operations • GlobeNewswire Inc. • 04/30/2026 01:20:00 PM
- Kraig Biocraft (USOTC:KBLB) Hits 50% Production Milestone — Spider Silk Push Moves Closer to Commercial Scale • IH Market News • 04/28/2026 01:51:39 PM
- Kraig Biocraft Laboratories Reports Major Progress Converting Record-Setting Spider Silk Cocoon Production into Reeled Silk • GlobeNewswire Inc. • 04/28/2026 11:05:00 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 04/21/2026 06:41:52 PM
- Kraig Biocraft Laboratories Advances Record Production and Begins Processing 1.8 Metric Tons of Recombinant Spider Silk Cocoons • GlobeNewswire Inc. • 04/20/2026 11:05:00 AM
- The End of Performance at Any Cost, as Spider Silk Points to a Cleaner Future • GlobeNewswire Inc. • 04/15/2026 01:15:00 PM
- Advanced Materials Science 2026: How Spider Silk, Carbon Fiber & Aerogels are Powering Medicine, Defense & Space Tech Today • GlobeNewswire Inc. • 04/14/2026 01:20:00 PM
