ES1, I would have to agree with you. I've held off as long as I could, but the CC was disappointing.
If I remember right, I think Kim said that they just started moving into a "state-of-the-art" lab THIS WEEK. He very adeptly did not mention WHERE. I think it is in ND's new building which was previously posted on this board.
You are correct. Nothing except the lab news (which may have been delayed because of construction - or some may believe was only put together hurriedly only for the CC benefit) should have delayed this CC.
Also, KT deftly avoided giving any other facts or figures. Not, "we have signed 7 NDA's to date," or, "We have XXX worms and seek to have a total of XXXXX worms and XXXXX eggs which will allow commercial production." NOTHING.
I AM GLAD that KBLB is finally going to have their own lab. I bet it will take a couple months before it is actually up and running, though.
He mentioned they will be needing to get new IR, etc., but he DID NOT SAY HOW MANY PEOPLE WOULD NEED TO BE EMPLOYED AT THE NEW LAB for it to run properly.
Also, the baloney of, "We have too many companies interested than what we can use," may be due to the fact that KBLB does not have enough eggs/worms and therefore they couldn't even supply 1 company right now and immense volume is still way down the road.
Personally, I think he will sign a contract before the lab is actually commercial-ready, so he can pay the employees and begin to have an actual company.
BOTTOM LINE: KBLB is still classified a "developmental stage" company and are not in the "production stage" yet. I will be reassessing my strategy in KBLB over the weekend.
BTW, Welcome, ZINC FINGER, to the community of traders. After Friday, you can proudly wear that label, too. LOL
All The Best
