Kraig Biocraft Laboratories Inc (KBLB)

[Deannie]

“The assumption "they're having problems satisfying one complete, quality order from over a year ago" flies in the face of the company's reality.”

No, it doesn’t. Not at all.

“Market demand for our silks still outpaces our in-house production capacity.”

A dumb, lame-assed statement by Kim. Why? Because the market demand has ALWAYS been higher the KBLB’s in-house production capacity - a TON of companies in multiple industries have ALWAYS wanted spider-ish silk but to date nobody has had it in commercial quantities.

“The spider silk we have in inventory is dedicated to the first apparel launch from SpydaSilk, our joint venture brand with Kings Group in Singapore.”

Of course it’s dedicated… we have a contract and to date there’s no sign it’s been filled - no launch and zero revenue. And the open-ended wording, “…the silk we have…”, (unquantified, of course) allows for pie-in-the-sky notions of huge quantities of stockpiled silk even though that makes no sense (no Spydasilk launch and no revenue). Which makes more sense: KBLB has a bunch of viable silk with No Spydasilk launch and no revenue, or they have very little viable silk and no launch and no revenue?

“KBLB has completed the order.”

Clearly they haven’t. They’re planning, working on, they’ve created “concepts”…, ad infinitum. Yawn.