Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

What do you think the odds are that a major "disaster" (that will indefinitely delay sale) is coming soon ?

That seems to be the history and MO (modus operandi) of KBLB.

Remember back in Dec 2015, when they announced "scale & sale" and then "disaster" struck and they weren't ready?

"it is no longer necessary to create a product that is ready for market. Dragon Silk’s tensile strength increased by an additional 11%, with a number of samples exceeding 2GPa, and is ready for scale and sale."

https://www.kraiglabs.com/kraig-biocraft-laboratories-announces-highlights-of-conference-call/

Remember when they were supposed to deliver the shootpacks to the Army in Apr 2017 and then "disaster" struck (and they blamed the reeler)?

"This quarter saw a delay in our production timeline of sample ballistic shoot packs for the US Army..."

www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgbEyene2BNjX?w=3

The Army graciously extended their contract until Dec 2017, but then "disaster" struck once again (and they blamed Warwick Mills).

"The shootpacks were expected to be completed by December. A review and discussion in late December / early January between Kraig Labs and the textile mill that was scheduled to produce the shootpacks determined that the large scale production looms at their facility were not ideal for working with the small quantity of silk thread for these shootpacks."

www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgXaX8eYjslR3?w=3

It seems that Kim constantly makes promises that he can never keep. Disaster always seems to find a way to ultimately delay the schedule indefinitely. That is one reason I believe that this all might be a giant con.

But one promise that Kim will keep is that this stock will be reverse split (and most probably at 40:1).