Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< Kraig Biocraft Laboratories Launches Significant Hiring Initiative to Support Expanded Spider Silk Production Footprint in Southeast Asia >>

There have been many PRs regarding hiring in the past, but they were just more veiled lies to make it look like the company was growing, when it has been stagnant for years.

Here are PRs that state that they hired 2 new positions:

February 28, 2023 - Kraig Biocraft Laboratories Adds Two New Positions on Research Team to Accelerate Implementation of its Spider Silk Technology Roadmap

https://www.kraiglabs.com/kraig-biocraft-laboratories-adds-two-new-positions-on-research-team-to-accelerate-implementation-of-its-spider-silk-technology-roadmap

July 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration of Production Ramp-Up

"KBLB.....announces today that it has filled two key researcher positions"

https://www.kraiglabs.com/new-sericulture-experts-join-kraig-biocraft-laboratories-bringing-extensive-experience-supporting-acceleration-of-production-ramp-up/

Here is another PR that says that they added even more positions:

October 12, 2023 - Kraig Biocraft Laboratories Creates Synergy by Onboarding Key Elements and Scientists from the University of Notre Dame Spider Silk Research Operations

"KBLB....today announced that it hired key scientists from the University of Notre Dame (“UND”) spider silk research lab following the retirement of Dr. Malcolm Fraser, Professor Emeritus."

"I am delighted to see Kraig Labs beefing up its team"

https://www.kraiglabs.com/kraig-biocraft-laboratories-creates-synergy-by-onboarding-key-elements-and-scientists-from-the-university-of-notre-dame-spider-silk-research-operations

Yet the head count never budged.

Here are the facts from the 10-K annual financials:

December 31, 2024 - 7 full-time in the US and 8-30 full-time in Vietnam
December 31, 2023 - 7 full-time in the US and 8-30 full-time in Vietnam
December 31, 2022 - 6 full-time in the US and 8-30 full-time in Vietnam
December 31, 2021 - 8 full-time in the US and 8-30 full-time in Vietnam

As anyone can see, personnel numbers haven't changed much at all over the last few years.

Wash, rinse, repeat....