Friday, June 24, 2022 2:39:28 PM
I would be highly disappointed if KBLB announces they are producing metric tons of spidersilk at the Prodigy facility. The only thing they should be producing there are eggs to send to their subcontractors. They will then buy back metric tons of cocoons from the subcontractors to turn into raw spidersilk yarn which will then be sent to textile manufacturers for further processing and then be sent to SpydaSilk Enterprises and/or other customers. When KBLB will get paid in this process is yet to be seen. Hopefully sooner rather than later.
The subcontractors will probably be guaranteed a price for the cocoons they produce which is higher than for producing mundane silk cocoons making it a good deal for them.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/16/2024 09:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:52 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
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