Replies to post #158679 on Kraig Biocraft Laboratories Inc (KBLB)

[SilkRoad]

For a fiber that is ready to go nobody is closer. For just proteins though, I would say AmSilk is further ahead. But once Prodigy Textiles starts cranking out silk (and remember a silkworm lays up to 500 eggs) KBLB has the potential to rapidly become the dominant spider silk player in terms of spidersilk fiber, thread, and fabric. IMHO

[DimesForShares]

Arachnodude asked, "Is there anyone closer to bringing Spider Silk to Mass Production than Mr. Kim Thompson, aka, CEO of KBLB?"

What a great question arachnodude. I wish I had the answer!

A while ago, KBLB indicated they had a problem with genetic drift. Since that time, they have never indicated the problem has been solved. KBLB acts like the problem has been solved, but if we take KT at his word, 'Once it's announced, it is solid." It hasn't been announced. Is it solid?

A while ago, KBLB indicated they had all permissions to farm silkworms in Vietnam. But then they indicated, well, we haven't really jumped all of the hurdles after all. Since it hasn't been announced, we can't presume it is solid.

KBLB held a grand opening of their new Prodigy factory. Several months later, they indicated they were 'taking possession' of the new factory. Recently they indicated that the KBLB Official had been sent to Vietnam to oversee construction of the new facility. Obviously we cannot assume this construction has been completed because it hasn't been announced.

Meanwhile, KBLB's competitors are scaling up operations. We can't compare their silk with ours because a) we don't know anything about our silks; and b) we don't know anything about Spiber's silks or Bolt Threads silks. Obviously Bolt Threads has beaten us to the market in selling their 'spider silk tie.' (I was not impressed, but they have the bragging rights.)

The one thing KBLB has indicated is:

"We expect to make delivery of the first production batch, of our recombinant spider silk thread, from this factory to one of our strategic market channel partners in the third or fourth quarter."

Note that this does not promise metric ton quantities, only that they will make a delivery of some non-zero amount.

This leads me to conclude the obvious. We know KBLB is poised to deliver at least small quantities of silk by Q4. We know that competitors are also gearing up. Thus, we cannot determine at this time who is closer to bringing spider silk to mass production.

Of course, KBLB could provide further details about their situation that would help us make this determination, but they have chosen not to announce these developments. Is it solid or not?

Am I frustrated by this situation? You bet!