Replies to post #180263 on Kraig Biocraft Laboratories Inc (KBLB)

[dragon_silk]

Lol it’s comical how incompetent Kim is as CEO. I’m sure he’s a good lawyer but he’s a terrible CEO for a public company.

[want2retire]

Precisely why we can’t uplist.

This, in my opinion, is opinion, not fact. It presumes KT is not aware of the up listing requirements which I struggle to believe is true.

Currently KBLB has negative equity of perhaps $4 to $5 million, meaning the company will need at least $8 million to get us to where we need to be.

So there is a path...

This equity cannot come from a loan of any kind, as loans decrease equity (since the loan must be repaid with interest).

You have made this same point on several occasions. What leads you to believe KT was planning to use a loan but, after reading your post, realizes he can't get there that way?

Thompson perhaps has a potential exclusive licensing agreement that might provide a boost to our equity...

"Might provide a boost" I guess would depend on the commitment he would secure for that exclusive agreement.

but with projected sales of $2.4 million in 2020

when did the company state this? I believe this is your estimate based on your assumption that the company's statement production is expected to be at least 8 tons means "no more than 8 tons", for starters?

it seems unlikely that a company would invest more than a million or so to be able to buy all $2.4 million of our product next year.

This is pure speculation. We have no idea what a company, companies, our armed forces, etc, may or may not be willing to provide to secure an exclusive agreement that would likely go beyond the first year's production. We also don't know with certainty what the first year's production will be, what we will charge for it, etc. Lots of assumptions being made.

That would be bad business indeed.

Would it? You are considering one set of circumstances based on your own assumptions and built in conservatism. I struggle with the idea that KT is going to be blindsided by the equity requirement which appears to be your premise. He has not talked about up listing in the not too distant future because he has no idea how he plans to do it. He has a plan. In my opinion, he has delayed it to get production up and running. I don't think he is waiting on $4M in equity through delivery of product or via a loan that he is well aware does not increase equity.

There is a plan that we are not fully aware of, yet, that will address these requirements and more.

Hopefully we see it come to fruition soon..

W2R

[EOT]

“but with projected sales of $2.4 million in 2020“

Well that’s Your projection... of course it is LOL.

I’ll explain it for you once more...

The two Partnerships that Kraig has signed are for......
“PRODUCT DEVELOPMENT” Kim mentioned this, but for some that don’t understand.... zoom... right over the head.

That means that INITIALLY Kraig will jointly be releasing developed products and not just selling silk to whoever into the open market.... Understand???

So, whoever is chosen to received this first batch. It will be developed into a product and then
FORMALLY RELEASED to the world. As mentioned!

Now.... since dragon silk was created for the military.... with nothing comparable and superior to Kevlar. That’s likely where the first product announcement will come from.... And there’s no better endorsement than the military! Comfortable groin protection is a major issue with shrapnel.. So As suspected this would be a perfect introduction? We will find out soon enough, but this is a very tall order to fit and entire military! So starting where it’s most needed makes sense!

Military and policing....
So you can add some zeros to that silly number $$$$

[faithabides]

Sounds like he knows what he is doing...

Kim’s November 26, 2019 letter to shareholders:

Securing expansion capital and listing on a national exchange will immediately impact the Company. This capital will address national exchange listing requirements and serve to underpin the Company’s work to rapidly expand capacity, build the inventory to grow our business, bring new products to market, and establish sales channel partnerships. This growth will benefit all of our shareholders.