Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

"we are now starting to cross-breed our spider silk transgenes into these various commercial lines"

They aren't even close. They are "starting". That means that there will probably be no commercial production this year (and thus no revenue).

"Kraig Labs and our partner Kings Group have intentionally slowed down the marketing and launch of the SpydaSilk, the website, and its social media presence"

LOL. What a joke!

"Management believes that it would be a miscalculation to attempt an up-list while experiencing a production bottleneck."

The company has now confirmed that there is NO uplist coming in the near future. As if that was ever in question....

" our third-party contractor has paused their operations as they await the delivery of more robust silkworms from our teams here at Kraig and Prodigy"

In other words, nothing is happening until they can figure out why their worms are dying in a country that is supposed to be a nirvana for silkworms.