Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

“I’m not particularly happy with this number. It seems to devalue the hank of silk we saw.”

The increase was probably due to processing the cocoons into silk yarn causing the value to go up. If you do that then about $300/kilo yarn would make the numbers come close to adding up. Isn’t that the price point they were looking to get under to make Spidersilk a viable commodity? Don’t know if that price works economically when making fashionable clothing with it. Maybe someday we’ll find out.

Low yielding cocoons could cause that $ valuation to be higher than what their target price was when they paid for the cocoons. But this also raises the question of what other production have they been claiming to have done? Doesn’t appear to have been silk production.