Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

What an monumentally horrendous report for shareholders.....

"In the first quarter of this year, we stockpiled several hundred kilograms of cocoon"

Since the Scumbag CEO is a serial liar, that amount is probably a huge exaggeration (and another lie), but let us assume that they have 300 kgs of cocoons. That would translate to about 30-45 kgs of finished silk. So for the past 6 or so months, they haven't even made 10 kgs per month.

The reason inventory did not increase in our financial report was because that report tracked finished silk or material form.

So they still haven't finished any of the supposed cocoons that they have made over the past few years....

What a disaster this stock is....

Wash, rinse, repeat....