Replies to post #91934 on Kraig Biocraft Laboratories Inc (KBLB)

[Cee-It]

If you bought because they were reporting doubling capacity in PR and you were, thereby, led to believe that would show in their accounting for the next period or a few periods later, and it did not show... then you decided there was not any inventory from production so you sold... and then later you saw there was unreported inventory... you have a Class Action lawsuit.

However, the point is there is no unreported inventory, there were reports of gains in genetically altered worms in birthing; but they have never kept enough worms alive to produce any meaningful inventory.

How do I know that? Because in order to constantly have more and more worms you must have more and more feed going into the costs. The feed for the worms is a major line item of costs and it exceeds their reported costs if you assume they are producing substantial inventory. It grossly exceeds their reported costs once you deduct from those reported costs all of the other identified line items (such as salaries and marketing and shares for professors, etc.).

Hence, there has not been any substantial production. I don't see any way that would be possible without having very substantial unreported costs. If they had very substantial unreported costs they would be sued and they would be fined very substantially; and, most likely the officers responsible would be barred from being participants in any Officer positions within any public companies.

Now, show me how it is possible to grow a substantial inventory without substantial spending and that might change my mind. But, you cannot produce silk from silkworms without feeding them and all of the other costs of caring for them. So, maybe now it looks like the synthetic approach to growing proteins that are the same as spider proteins has a huge potential advantage because of the lowered costs.... all depending on the conquest of spinning and the growth media remaining cheap, etc. Almost ironically, this also means that growing silkworm proteins in the same manner will ultimately replace the huge cottage industry that now exists for silk worm farming. That's typical in scientific advancement.