Kraig Biocraft Laboratories Inc (KBLB)

[qazart]

I can see things from your point of view. I used to hang on to every positive word that was in PRs. It was just right around the corner! So close! They're ramping up production! They have buyers lined up! They are fixing bad genes! They are making it even better! They're holding a shareholders' meeting! That is significant! The last one was in 1969! They have theoretically achieved pure spider silk! Now they just need to produce it! Now they're ramping up production again! Now they have more buyers! Now they have a longer list of interested parties! Now they are presenting at a conference! Now they are ramping up production again! Now they have a renovated factory so they can ramp up production again!

Now try to look at it from my perspective:
1. Until they ship a substantial amount to a buyer in fulfillment of an order all of it is a shell game.
2. The M contract wasn't for 40 million; the real contract was for 250k in exchange for stocks. The rest was the equivalent of garnish on a dinner plate--makes it look nicer, but no one eats it.
3. The honest truth is we don't know why Maxim jumped on board. Yes, they did. But we don't know what the selling point was. And to assume it was all positive, rainbows and unicorns and an endless gravy train just waiting to burst forth is ill-advised.
4. I don't think they're idoits. Idiots don't run shell games.

All of us on the board hope they succeed, else we wouldn't be here.

But the fact is that dots are starting to connect in a way that none of us want them to. So let's call a spade a spade and look at things from an objective standpoint.

JMHO