from todays PR:
"today announced that its senior management team is en route to Vietnam to prepare for the spring rearing season."
they are not taking this lightly...they have done and continue to do everything possible to make this work...
"They will meet with the team from its wholly owned Vietnamese subsidiary, Prodigy Textiles, third-party contractors, and government officials, including provincial leadership."
Government officials?...not sure why they need to meet with gov officials...
"This trip will lay the groundwork for the upcoming spring rearing season"
interesting...in the previous PR, kim was talking about the US and then referred to "Spring Trials"...many believed he was talking about Vietnam...but in todays pr, when specifically referring to Vietnam, kim referred to "Spring Rearing"...the US is where the research and development is done...the reference to "trials" would be appropriate for R/D ...Vietnam is where mass production is planned..."rearing" would be the appropriate term for that...im starting to think that kim is talking about US spring trials and Vietnam rearing...two different things...
"Senior management will also meet with hatcheries"
hatcheries usually involve some kind of controlled environment...temp and humidity at the least...im guessing we didnt utilize hatcheries the last time?...or is kim looking buy into one like he did the contractor?...
"and to vet additional production locations and partners, for 2024 and beyond."
well hes got a license to conduct business in the prime province for silk production in Lam Dong...i should think getting things operational at GSS and expanding to Lam Dong should pretty much fill their plate for the forseeable future...
"Kraig Labs U.S. team just concluded a very productive month of onsite work with it senior sericulture consultant for India."
its "from" India...in a prior pr, kim stated he had hired consultants "from" India...he did not hire consultants "for" India...he hired them for kblb...
any speculation that the consultants are there to do anything other than consult for kblb is not logical...they have likely signed NDA'S and could not reveal anything without approval from kim...so while it is possible at some future point in time that something could develop with India, that is far into the future of possibilities...imo
imo, kim has finally given up his pursuit of trying to prove "drop in replacement"...he is now making all the moves necessary to get it done in Vietnam...the right way...i really dont like the idea of him looking far off into the future and making moves like expansion until he has proved mass production at GSS...i want the focus to be on mass production at GSS....PERIOD...
but he DOES sound confident this time...hes hired scientists, expert consultants in the right fields, made management changes, improved protocols and proceedures and is waitng for the spring to begin rearing...i find kim's transformation fairly amazing...
imo kim has spent a lot of money doing all these things...i cant imagine we will have enough money left for a do over if this doesnt work....depending on how things go, i may stick around if kim uses debt financing....but i cant see myself hanging around for another round of dilution...not at 3 cents per share....
i have always been a huge critic of kim...and im not over that...but i must say, i have been fairly impressed with his performance over the last few months...he seems to be postioning kblb for a really good shot at making it happen this time around...
we shall see...
AI
