So kblb has had monster silk worms producing commercial quality monster silk since may 2011. Yet the pilot production program seems to make the process of getting eggs, hatching eggs, and having them survive, mature, and then create cocoons, seem like a major feat. But, we already knew this was possible..... Additionally, people like red, es1, Romans, and others, drew the conclusion, that by January 2012, and definitely by March 2012, that millions of eggs and cocoons were in some cold storage facility awaiting to be spun. Well, it seems that was all a fabrication. Thus, now we finally have someone (most likely not kblb, and most definitely not stateside) taking eggs, hatching them, rearing them, breeding them, having them form cocoons, and of course the next stage is harvesting the cocoons to then braiding the material into the spools of yarn.
Again, this is all happening overseas... Thus the pilot program, seems to be necessary for kblb, because they are going to be selling spools of yarn, or maybe they will also investigate the additional cost to turn that yarn into cloth.
In any event, this is painfully slow, and this production program should have been completed long ago.
Regardless, this will not be trading at even 30 cents from now in a year.
So why now a production program.... Most likely, kblb, in order to turn this science experiment into a business, Kim, after a while, because he isn't the sharpest tool in the shed, realized no one is going to buy the worm.... At the very best, they want the product (silk thread). Upon figuring this out.... (again, way later than most) he realized he will need to make the thread.... Hence the pilot production program to get average costs. Once you get those numbers, you can begin projections on pricing the material, and expense projections. Since clients will be on a 90 day pay schedule, kblb needs enough capital to run the new business model before ever seeing a penny from a customer.
Thus, in order to determine the amount of dilution to spring, they need numbers.
The production program is costing money, the PRs cost money. Many who own shares will be dumping, the first chance they get over .1, .2, and thus with all that out there waiting, coupled with the fact, this is what should have occurred over a year ago, get ready for a lack luster CC, with large dump afterwards.
The only plus of the press releases, is to finally expose those that have constantly been pumping the stock with outlandish theories, statements, and misinterpretations of reality.
