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Re: SilkRoad post# 142925

Friday, 08/24/2018 7:56:59 PM

Friday, August 24, 2018 7:56:59 PM

Post# of 294022
<< 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.
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