Replies to post #113896 on Kraig Biocraft Laboratories Inc (KBLB)

[TSRAYS]

A few parts i found interesting

As of September 30, 2016, the subsidiary was not yet established and no work has been performed in Vietnam for the nine months ended September 30, 2016. The Company delayed the announcement of this agreement until late in February, 2016. This additional time was used to confirm this agreement with higher level authorities and outside review.

As of September 30, 2016, the Company owes $1,317,560 in accrued salary to principal stockholder, $24,762 to the Company’s COO, and $294 to its intern.

We will consider buying an established revenue producing company in a compatible business, in order to broaden our financial base and facilitate the commercialization of our products. We expect to use a combination of stock and cash for any such purchase.




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We will also actively consider pursuing collaborative research opportunities with both private and university laboratories in areas of research which overlap the company’s existing research and development. One such potential area for collaborative research which the company is considering is protein expression platforms. If our financing allows, management will give strong consideration to increasing the breadth of our research to include protein expression platform technologies.




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We plan to actively pursue collaborative research and product testing, opportunities with companies in the biotechnology, materials, textile and other industries.




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We plan to actively pursue collaborative commercialization, marketing and manufacturing opportunities with companies in the textile and material sectors for the fibers we developed and for any new polymers that we create in 2016.




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We plan to actively pursue the development of commercial scale production of our recombinant materials including Monster Silk ® and Dragon SilkTM