Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

If Walter Wee had given KBLB a rating of 10/10, we would have known that was simply a cover-up. KBLB has not been able to deliver on their contractual obligations for several years now. The 6/10 probably reflects Wee’s frustrations with these delays. He likely thought that KBLB would be able to deliver as planned, only to discover KBLB was not able to produce silk.

What I took away from his comment was the fact that Kings still appears interested in the contract and Wee expressed some hope that 2024 would result in an improvement in their relationship.

I’m still gobsmacked that KBLB didn’t bother to mention Spydasilk and Kings in their most recent PR. Wee might have downgraded his rating by a point or two if he had seen the most recent PR before giving his rating. But perhaps he saw the PR and approved it.

Under the circumstances, his brief message seemed positive on balance for me. I still consider KBLB to be a risky investment, but quite a bit less risky than a month or so ago. Holding my shares seems reasonable now. Not buying, not recommending to friends, just holding and waiting.