Replies to post #191212 on Kraig Biocraft Laboratories Inc (KBLB)

[ChiJ]

"Can you please rephrase what you mean by this?"

Sorry about that. What I mean is that KBLB is very likely under a Non-Disclosure Agreement's (NDA) with potential customers. This will mean they cannot disclose certain things that they agree on with the potential customer (who they company is, what they are wokring on, etc).

This is standard in product development when the development is partial or completely external (which it would be for the KBLB customer).

An 11.5M investor is going to sign their own NDA between themselves and KBLB to allow them to conduct full due diligence on KBLB, its capability, prospects and potential customers and applications. It allows KBLB to pull back the curtain, so to speak, to show the potential investor what they are working on, or what the real opportunity is with investment.

The potential investor is not going to drop a chunk of money if they do not have the full picture of what they are investing in. I am pretty familiar with this in start-ups that are run exactly like KBLB (albeit not publically traded).