Kraig Biocraft Laboratories Inc (KBLB)

[gimmegimmeminemine]

“The spider silk technologies developed at Kraig Labs are ready for large-scale production”

Yep, this is terrible news

This is the problem I have with this statement. All he is saying is it's ready for large-scale production. Nowhere does it say they have figured things out and it's a go. Infact if you include the entire quote....

The spider silk technologies developed at Kraig Labs are ready for large-scale production. I am confident that the changes we are making at Prodigy will provide the platform for that growth." 

He is confident of the changes they are making will provide for that growth. Still forward looking.

Still in hope mode, but we did learn things were not going well as new protocals and new leadership are being put in place.

Was it incompetence or is something else wrong?

New protocals could mean either.