At this point we know the company has a years-long backlog of material to ship. We also know that SpydaSilk is committed to purchasing up to $40 million worth of Dragon Silk. I would have to imagine that whatever Prodigy pumps out will be purchased by Spydasilk this year so I'd think that the ramp up of shipping and establishment of consistent revenues are only 4 - 6 months away. At that point I'd guess we'd start seeing some consistent and publicly disclosed financial/revenue forecasting from the company, at least in the Qs. Presumably that will be a game changer as the first cheap and viable spider silk production company proves itself successful. Wall Street would most certainly begin to recognize this as well and I am hoping for an uplist to NASDAQ this year regardless of whether a RS is necessary. What would be very telling is if the company puts together an Investor Presentation and signals plans to hit the road for a slew of investor conferences.
From the MtheMovement/Kings Group PR 1/26/21:
"Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
From the most recent PR involving shipments of dragon silk 1/18/22:
The Company plans to ship this Dragon Silk yarn to SpydaSilk Enterprises, in Singapore, a joint venture partially owned by the Company, for weaving into fabrics and finished garments. Over the coming months, Prodigy will continue to leverage this expanded silk production success to address the material needs of SpydaSilk and make additional materials available for purchase to fill the numerous and backlogged material requests it has received.....
"2022 is positioned to be a breakout year for the commercial sales of Dragon Silk and our broader recombinant spider silk technologies."
