Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

KBLB just contracted the equivalent of 40 tons per year at $250,000/ton for the next 4 years. That is full capacity for the current facility from what we’ve been told. How can anyone be disappointed with that? He now needs to come up with or execute his plan for going beyond the current facility hence the need for more capital.

Those disappointed by not signing Polartec first are jumping the gun since KBLB isn’t currently big enough to meet what their demand would be. This was a very smart move by Kim and better than my conservative projections of $200,000/ton.