Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< once they get metric ton production going that should be the final move for KBLB to start creating its own cash through sales of its silk >>

KBLB plainly states that the cash that they have on hand (as of 30 Sep 2023) is "insufficient to complete our business plan". They have even less cash now (3 months later), and will have even less when they are (supposedly) going to run Spring trials (6 months later).

On top of that, KBLB then says "we will need to seek additional funds, primarily through the issuance of debt or equity securities". In other words, they will need to dilute shares.

I'm not sure how they can communicate that more plainly.

Yet some investors want to totally ignore their warning.

CAVEAT EMPTOR

"At September 30, 2023, we had $2,894,555 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223040575/form10-q.htm