Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

RECENT HISTORY OF "THE DOG ATE THE HOMEWORK" (UPDATED)

One of KBLB's main strategies is the old "the dog ate the homework" excuse. They have been using it time and time again for the past 10+ years.

Here are just some examples:

- We will launch pilot production of Monster Silk in 2nd quarter 2013. Oops. The dog ate the homework.

- "Sale and scale" in 2015. Oops. The dog ate the homework.

- We will deliver shootpacks to the Army in Apr 2017. Oops. The dog ate the homework.

- We will try again to deliver shootpacks to the Army in Dec 2017. Oops. The dog ate the homework.

- We will deliver 100 kilos of custom spidersilk to the Army in Aug 2018. Oops. The dog the homework.

- We will be "featured" in a French documentary on combating terrorism in Fall 2019. Oops. The dog the homework.

- We plan on uplisting by Thanksgiving 2019. Oops. The dog ate the homework.

- We plan on seating the Board Elect in 4Q 2019. Oops. The dog ate the homework.

- We will make our 1st commercial delivery at the end of 2019. Oops. The dog the homework.

- We plan on restarting commercial production in Vietnam by March 13, 2020. Oops. The dog the homework.

- We (once again) plan on uplisting by Spring 2020. Oops. The dog ate the homework.

- We plan on patenting our provisional patents before they expire in May 2020. Oops. The dog ate the homework.

- We (once again) plan on trying to seat the Board Elect by July 17 2020. Oops. The dog ate the homework.

- We (once again) plan on restarting commercial production in Vietnam by September 19, 2020. Oops. The dog ate the homework.

- We plan on producing "more than 8 metric tons of its specialized silk in 2020". Oops. The dog ate the homework.

- NEW: We plan on having an annual shareholders meeting. Oops. The dog ate the homework.

This company is so full of BS, it is amazing that anyone believes any of it.

On top of that, there is a HUGE reverse split coming (on the order of 40:1) AND there are about 150 million shares waiting to be diluted (in the upcoming offering).

I understand that the idea behind spidersilk is cool. But KBLB seems like one GIANT con. And Kim (the magical CEO) is making out like a bandit.

DON'T BUY THE HYPE (OR THE SNAKE OIL)...