Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

Ok, let's...

July 15, 2013, without referring to March 19, 2013, falsifies the claims of "breaking out the champagne." That's the fabrication (pun intended). For, to read this, from March 19, 2013, one would know the CEO is in the VERY INFANT STAGES of things. Proceed with caution...

LANSING, Mich., March 19, 2013 (GLOBE NEWSWIRE) — Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (the “Company” or “Kraig”), the leading developer of advanced spider silk based fibers, announced today that the cocoons from the first stage of its Monster Silk™ pilot production program (“program”) have been reeled into threads of the Company’s recombinant spider silk as the program moves into an advanced state.

Additionally, the silkworm hatchlings from the second stage of the program have now spun cocoons that are made of Monster Silk™.

“The pilot production program has advanced well ahead of our expectations. At this rate, we will be facing some near term decisions regarding the launching of commercial production. In my opinion, we are now reaching major milestones every two to three weeks. We are undergoing tremendous developmental changes, which we believe will lead to substantial growth of our business over the next few months,” said Company founder and CEO, Kim Thompson.

October 7, 2013, was very specific. Once again, to break out champagne and now caviar, to celebrate when the CEO states,

“Given the current planned production schedule, we could theoretically be producing Monster Silk(TM) in metric ton quantities by early January. A more conservative estimate, given the realities of launching such a ground breaking and commercially unique project, would be to reach that major milestone in mid 2014."

From this PR which is laden with all kinds of "wait and see" context rather than "full-speed ahead?"

LANSING, Mich., Oct 07, 2013 (GLOBE NEWSWIRE via COMTEX) — Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of advanced spider silk based fibers, today announced the launching of the Company’s commercial production program with the recent hatching of its first batch of Monster Silk(TM) silkworms for commercial production.

Furthermore, the Company is currently expending resources to augment the scale of its Monster Silkworm(TM) production over the next 30 to 90 days. This move coincides with the Company’s planned strategy to rapidly increase its production capacity. The Company’s strategy is to commit the vast majority of its initial production capacity to a propagation program designed to increase its production population. A smaller portion of the first commercial production generation should also yield fibers which can be dedicated to the production of woven textile samples.

I don't need to go on, as it is very understandable that the CEO was talking production in future tense based on the silkworm production as it relates to future Spider Silk Production. Especially when referencing a "propagation program" in the middle of it all.

Even the CEO, himself, recognized he was getting ahead of himself with all the production talk. Which is why he hired Mr. Rice to run the Operations. Which was in 2015. Hmm? So, it is quite easy to see how KBLB was using the word "production" in a way that could be misleading. But, only if the PR's weren't interpreted correctly.