Wednesday, January 24, 2024 9:32:13 AM
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.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
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- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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