Hello Bob,
First of all, I am not a bogeyman trying to scare off investors. I have been investing in KBLB for at least 8 years. I think KBLB should have gone through baby steps and start selling modified silks little by little and start collecting revenues. Use and invest revenues to set up infrastructure and to perform further R&D to create additional new silks with more attractive properties. This is the most basic principle of business that I wish Kim had performed in the past.
Look at Hansen. This puppy was selling fruit juices and soda pops and all of a sudden they created Monster Energy drinks. This company was trading at 25 cents at one time, and after creating and selling Monster Energy drinks, the share price shot up to 200 some odd dollars (company eventually performed 4 to 1 forward split). Like I said, baby steps. Sell basic stuff, invest profits, use profits to create more products and to expand. Start the business cycles in Vietnam first and start collecting revenues. Then everyone can start thinking about up-listing to NASDAQ.
Being too rushed to up-list (and possibly reverse-splitting) without products to sell makes me extremely nervous and I am cringing like I am a passenger in a muscle car with faulty brakes driven by a teenager 'who just got a driver license yesterday'. I hope I am wrong about everything, but you can't forget about the basic principles of running a business and utilizing the Supply Chain, before getting financing for the purpose of up-listing.
