Kraig Biocraft Laboratories Inc (KBLB)

[qazart]

The way I see it, here are the main points of the issue:

1. The option for an R/S runs out in July.
2. The purpose of the R/S was to ensure KBLB could up-list.
3. The purpose of up-listing was to allow KBLB to get access to better funding.
4. Funding is needed to grow the business--KBLB's financials are not good.
5. Because of a lack of money, there was no desire to seat the BOD until it became necessary.
6. The BOD is necessary for up-listing.
7. The PR today said that plans are to seat the BOD in the next 60 days.

On the other side of the equation:
1. KBLB has a customer that is very eager to get their hands on spider silk.
2. There are other potential customers hoovering in wait too.
3. Eggs should be going to Vietnam soon. (How soon is anyone's guess.)
4. The silkworm rearing cycle is something like 45 days.

Upon delivery, a contract would likely be announced--especially if what was said in the last PR about improved quality was true.

I think this all points to Kim thinking something production-wise will be happening and newsworthy in the next 60 days.