Replies to post #179682 on Kraig Biocraft Laboratories Inc (KBLB)

[FreshBread]

Theres plans for up to 2500hectares (nearly 6200 acres)

https://vcosa.vn/en/kraig-biocraft-sets-up-new-biotech-lab-in-vietnam

[faithabides]

This is the original piece.

“20-30 million dollars in annual revenue.” per Jon Rice at ASM

Currently, with 161.3m market cap, we are less than 10x future annual sales for just Quang Nam. We should be over 30x sales right now. ... We are being artificially held down by the RS 1 for 40 option fear.

https://www.fool.com/investing/2019/04/04/why-do-so-many-biotech-stocks-have-such-high-ps-va.aspx

The reason biotechs get such a high price to future sales is that there are such huge potential future profits from these drugs. The same holds for KBLB’s potential profit margins.