Replies to post #92035 on Kraig Biocraft Laboratories Inc (KBLB)

[rayovac812]

which are not according to GAAP,

Too funny. KBLB is not a perfect GAAP company. It is a very imperfect GAAP company. Did you read the following? Are these lines in accordance with GAAP? Come now....you simply need to read and hopefully....hopefully understand. This is in accordance with disclosure, NOT GAAP. So get past it already.

"(i) updates the disclosure regarding the Company’s material weaknesses in its internal controlsand procedures to more accurately reflect the current status of same, (ii) clarifies the type of accounting personnel at the Company"

The clarified position on accounting personnel is that none exist. It is disclosure to one and all. GAAP? No. Development companies cannot keep up to Sarbanes Oxley. It is well known to be over regulation for small companies not yet profitable. So GAAP will not apply in totality until we can afford to.

I believe your assumption of "inherently far inferior" will be proven to be faulty by technological advancements.

There seems to be a major disconnect here. Talk to me in 50 years.