Kraig Biocraft Laboratories Inc (KBLB)

[dadofduck]

I’m as disappointed as anybody but have just this morning been reading up about how temperamental & sensitive the worms are. After reading, I’m not surprised that they’ve had problems. It’s apparent that things such as cold spells, heat waves and drought could have an effect on the worms going forward. That would be the reason why we would probably need a completely climate controlled building once up and running. The up-front expense for such a building would be massive so I can’t say I’m surprised we haven’t invested in it already.

It sounds like the company has had a go and hoped for the best so as to hopefully get a result ASAP as opposed to waiting for the weather to turn good. Again I can’t say I’m too surprised at that either as announcing to KBLB’s battle weary shareholders that the company was delaying production for 3-6 months due to climate constraints would in itself have caused a massive drop and a great deal of discontent also.

It sounds like they were between the devil (delaying production and feeling the wrath of the SH) and the deep blue sea (taking a punt and hoping for the best) and they took a punt. Unfortunately it obviously didn’t go as hoped and they’re now owning up to the error in judgement. I’m a gambler at heart so I’d have done exactly the same myself. What did they have to lose apart from the relatively low costs from a failed production run?

My Wife saw the share price and worriedly asked me if this means the company has ‘failed’? I answered completely honestly that it is my firm belief that it’s just a setback, a delay but not a threat to the company’s long term goals. It’s disappointing but it shouldn’t affect the company’s ‘eventual’ success. We’ve learnt a lesson and are now in a better position before the aforementioned punt.