Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Let’s say KBLB was preparing to go $600M in debt after having pivoted away from spider silk pursuits in a desperate attempt to recoup investor money and lure in new ones. How excited would those here trying to promote others be if KBLB was in the same position? >>

First, KBLB has done the same exact thing. The rah rah pumpers were pumping silk that was "military grade" for years during the timeframe when KBLB was failing to deliver on their contract to the Army. During that time, Bolt Threads entered the fashion world and announced a tie (and later a beanie), and those same rah rah pumpers belittled the products.

But years later, when KBLB went the same route - they pivoting away from "military grade" silk and then (supposedly) entered into the fashion world (which everyone is still waiting for). KBLB first announced a deal with Polartec (which hasn't been heard from in years), and then a deal with MtheMovement (which will be over within the next year). Now that KBLB is in the fashion industry, the rah rah pumpers act like it is the greatest thing since the invention of tha automobile.

Second, Bolt Threads still has a "spider" silk in their product pipeline, it is called Microsilk. Anyone can see it on their website:

https://boltthreads.com/technology/microsilk/

Anyone can also see it in their recent Investor Deck (see image below).

But Bolt had to pick a product that they feel is the best candidate for quick sales to grow the company, and they decided to choose B-Silk. Revenue for B-Silk in 2022 was about $350,000. Revenue for 2023 looks to be about $3,000,000, an increase of about 9x. That is fast extremely fast year-over-year growth.

Once they can establish B-Silk properly, they will then move onto their next product (and they have a lot of products in the pipeline).