Replies to post #175016 on Kraig Biocraft Laboratories Inc (KBLB)

[Money4Nothing-M4N]

You get an added bonus... a metric ton is 2200 pounds. Now we’re at 22 million.

I still have yet to find the audio where the guy asked them why they would sell it so cheap.

What I did post was from a different part of the audio.

[DimesForShares]

Oops. Another math problem?

We were quoting prices in kilos for silk, which is the standard for commerce. $100/pound is quite different than $100/kilo. $100/pound equates to a price of $220/kilo, quite a different price.

If we sell silk at $220/kilo and sell 100 metric tons (1,000 kilos), then we have revenue of $22 million. But if we sell silk at $100/kilo, that equates to $10 million.

Which price were you intending when you said $100. Pounds or kilos?

[es1]

So a little fun fact when a mil has left over or damaged raw fibers is used to create yarn for knitting.
The silk you linked is knitting silk.
This is extremely low grade silk.
This silk is made from linings and hatched cocoons and is not high grade silk.

I would guess the raw silk for this was less than $10k a ton.

It is extremely overpriced and has the profits of a dozen middlemen included in the price.

Multiplying an amazon price by 2000 is not how you get retail prices.
That's just ridiculous.

Here is a link for wholesale silk for textiles in varying qualities.

https://m.alibaba.com/product/60688995236/Mulberry-spun-silk-60NM-2-240NM.html?s=p

$20-50 a kilo

20-50k a ton.

Getting 200-300k a ton is excessive for apparel.
Not that it cant be sold but you are looking at basically the BT tie prices

For high tech textiles I could see it maybe. But that will be limited quantity for a while i think