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Wednesday, January 24, 2024 5:29:31 PM
Yes, really!
<< Name one time KB has manufactured this much silk. >>
So in 15 years, they have finally been able to (supposedly) make a small amount of silkworm-ish silk. Big deal! They've had 15 years and spent almost $50 MILLION dollars to create whatever that is supposed to be (and I wouldn't put it past the Douchebag CEO to be lying about the photo). There has never been a question if someone could make a small amount of silkworm-ish silk. Many universities around the world have been doing it for decades.
How much revenue did they make from that? The answer is $ZERO. And that is the bottom line.
In addition, the most recent PR (from 2 days ago) states "production quantities will be relatively limited". So the Douchebag CEO is already saying that there won't be much silk produced this year.
Wash, rinse, repeat....
![Bearish](/static/images/ih2-bear.png)
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