Replies to post #106505 on Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

And we haven't put all our eggs in one basket

Out of necessity to further the business model sometime soon, KBLB had to explore other options.

Over the first quarter we provided a response to our largest request for quote to date, however current production has limited our ability to fulfill these larger requests and has delayed the signing of formal commercial partnership deals. That is a primary reason for our decision to expand our production plans to include more than one facility and in more than one country. While that move will add necessary capital expense, management believes that the indications of demand for our product warrant this move.

Domestic large scale production of silk in the USA is not the most economical due to climate and food source limitations. However, the current regulatory hurdles described above, coupled with the demand for materials from several potential commercialization partners, has led us to the decision to establish an ancillary production facility in the USA.

Blessings to All

TRUTH

[dadofduck]

Knowing Vietnam like I do, the problem could well be more to do with kickbacks, under the guise of regulatory issues.

I.e if you don't line this persons pocket, there may be a (unlimited) 'delay' in getting approval. I'm sure Kim knows the Foreign and Corrupt Practices Act and would be very reluctant to line somebody's pockets illegally. Setting up a USA subsidiary could be a good move if only to 'call their bluff'. Often the strength of the corrupt comes from them believing that THEY are your only option. Illustrating that this is not the case can often be the catalyst to getting it approved. It's all about somebody big enough (VN government) pulling rank and pushing it through (without it definitely reduced kickbacks).