![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 05, 2023 9:12:43 PM
The issue I bring up is that if KBLB doesn’t prove it can produce viable tested silk in Vietnam, why would anyone think that throwing more money at the problem would change anything if Kim tried producing here in the states?
All silkworms are very sensitive to climate. Kraig Labs has had to work through those challenges considering the silkworms were developed in a Michigan Lab and sent to Vietnam. They are now confident that this problem is solved.
Unfortunately, the answers in Vietnam do not solve the problem of domestic production. There are very few tropical climates in the U.S (Hawaii, parts of Texas/Florida, Puerto Rico). Still, any domestic production would almost certainly require fully indoor and climate controlled facilities. These facilities would currently solve KBLB's domestic production issue because the company already has (and has had for a long time) silkworms that are viable in climate controlled environments.
The issue is that these facilities are expensive. Costing much more to build than our current cash reserves would allow. That's why domestic production would need to wait until we started to generate revenue. This DOD interest will fast track domestic production because the U.S. government will be paying for (at least in part) the construction of these facilities in order to ensure domestic production.
What today's PR indicates is that we have a good chance of having these two production pipelines to be developed concurrently, instead of one after the other. The more shots on goal, the better. But we already know we can create spider silk fibers in climate controlled facilities, so I think funding would guarantee this company has a massive future.
Recent KBLB News
- 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
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM