Kraig Biocraft Laboratories Inc (KBLB)

[es1]

I caught that as well and my impression was there are more then 1 part to that commercialization as I posted earlier. Kim could acquire a silk farm in Q3 AND a processing deal in Q4. "He hopes"

Does he need another banker besides CSC to begin commercial production?

If not what is looking for another one for? If yes, then he has to find one, then hash out the details of a new deal all the while another quite period will be in effect. If this scenario is true then I don't expect commercial production to begin any time this year.

I'd love to be wrong about this and if any one can find fault with my logic please feel free to correct me.

Well I cant correct you I can only support that claim because of the limits of the agreement with CSC. (As a disclaimer I dont know if I opened the most recent agreement but the wording is the same)

Agreement is delivered
to Clam Seas (the date of delivery of such notice is referred to as the “put date”). Notwithstanding the aggregate $175,000 ceiling for monthly puts
under the Letter Agreements, if both we and Calm Seas agree, we may submit one or more additional puts during any given month to the extent we
need additional capital for our operations and/or our product development. We can only submit such additional put(s) if Calm Seas Capital agrees to
it. Furthermore, the additional put is subject to the aggregate $1,555,000 limitation of this offering. The additional put allows us to obtain additional
capital in the event that our product development proceeds quicker than we expect.

It is my guess tht the CSC agreement is not enough for everything Kim wants to do. Therefore we get preferred ASAP but maybe we get a "part 1" PR before the next quiet period.

Remember if Kim did not want to take the PPS for shares the financer wanted a PR of "part 1" could raise the PPS enough to make the deal acceptable. I am thinking that is what Kim is hoping for. JMO