Kraig Biocraft Laboratories Inc (KBLB)

[Jakito]

Not facts Webslinger, mostly opinions mixed in with a few fabrications.

1 - "It looks like the relationship between KBLB and the Army is over."

Here's the official line:

"The Company has been in communication with the contracting office and is working with them as they determine the best path forward."

Not a stretch to imagine that this best path would involve Kraig/Polartec jointly creating materials for military contracts, as per the PR:

"Initially developed for specialized military applications"

"In joint development since 2016, Polartec and Kraig are applying the performance characteristics of spider silk into yarns for military-grade textiles"

"providing best-in-class textiles to our Nation’s military personnel"

So doesn't really seem like a big problem to me if the initial contract is not continued....


2 - "The silkworms have been sitting in a Vietnamese government installation for the past 4 or 5 months. Vietnam has not allowed KBLB to mass produce yet. Vietnam will have to approve mass production, and that might take many months or years (if it ever happens). "

So you're stating you have no idea how long it will take, it might only take a few months and if it's already been 4-5 months....


3 - "There is no production in the U.S. Only research"

Not really accurate, we have pilot production and yes, R&D. We wouldn't want to produce large volumes in the U.S, as its clearly too expensive, and there's no local expertise/infrastructure (hence Vietnam).


4 - "KBLB is extremely low on funding. Every year they have to dilute shares to pay the bills"

Thats what pre-revenue companies do and it's why they list on stock exchanges in the first place! The last $1million dollars we received through share placing was at a premium to the current share price! sounds like someone has confidence we're going places. (likely investors who are aware of the current status in Vietnam)


5 - "Notre Dame is supposed to get a cut of KBLB profits (since they are the original owners of the IP). KBLB owed them a good amount of money (from the Army contract)"

I believe the royalty agreement is for 2% of net sales, if indeed the army contract falls under the agreement Kraig would have owed Notre Dame 2% of $401,620, so around $8000 dollars, not very much is it really?.... the money they owed was mostly in relation to financial support for collaborative research, Notre Dame were, quote "excited" and "pleased" to be issued shares, and they are now worth circa 50% more than they were a month ago!

This statement of yours is just a complete fabrication:
"So ND basically took KBLB to task and threatened to remove the IP (which would have made KBLB worthless)"

Please provide evidence of this or admit you have clearly just made it up and made out as if it's a fact.


6 - "The latest PR re: Polartec stated that they had a partnership. That is all."

Yep, and we've been working with them for 2 years, pretty good news to be in a partnership with a company who has these customers wouldn't you say? : https://www.polartec.com/partners/brands


7 - "KBLB spends about $1.8 million per year and currently has NO income. As of the end of last year, KBLB has accumulated a deficit of almost $27 million."

Why is this a concern?, we've been a pre-revenue company up until this point, its taken a lot of time and effort to get to where we are, that's why things are finally getting exciting! also, pretty sure we can offset that deficit against profits and reduce our tax bill when the contracts and cash starts flowing in ;)