Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

In the 3 months (March to June), KBLB burned through over 2 million dollars in cash($2,015,401.00)

What's really amazing is that not one from the RR crowd has call you out on this. For some reason KT evidently doesn't consider his T-bills as cash equivalents. That's where $1.7 million of that cash went to.

I believe the burn rate is around $600,000 per quarter. That leaves about 5 quarters before more cash is needed. Trouble is, they evidently don't even 'plan' on having any eggs to GSS for another 3 quarters. Then somehow they have to figure out how to make an actual product to sell after that. I don't think spidersilk infused pima cotton yarn is what the final product is supposed to be but that is as far as they have gotten that we know of. Doesn't even look like Dorton is on the payroll anymore.

More dilution definitely coming unless a huge miracle government infusion of cash happens beforehand. Not something a new investor is going to want to bank on.