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Re: igotthemojo post# 271212

Wednesday, 01/24/2024 9:32:13 AM

Wednesday, January 24, 2024 9:32:13 AM

Post# of 278174
“.how can you say there has been no products?...our product IS the silk...”

That would be wrong. KBLB is contracting out the silk production part. KBLB’s product would be the eggs. I’ve read where there is a 50% profit margin for farmers that buy the eggs and grow out the worms to produce regular silk. I would imagine that KBLB would have to provide at least that much of a profit margin to any contract farmer to entice the farmer to work with them. I’ve run some numbers on the egg production end and it didn’t look to be that great of a money maker. And yeah, I do realize KBLB will still be in control of where that silk goes, but the point is they already gave up more than 50% in profit margin.
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