KBLB has NO SALES - They haven't made a dime this year or last year. All one has to do is look at the latest financial report. But they do know to spend loads of money. Kim (the magical CEO) gives himself $1/2 million per year no matter how badly the company does.
KBLB has NO REVENUE - See above...
KBLB has NO CUSTOMERS - The Army walked away years ago, and Miliken isn't a customer. Miliken supposedly became a "partner" (whatever that means) last year, but I'm sure that they are getting sick and tired of all of the lame excuses and are ready to cut the cord (if they haven't already).
KBLB has NO CONTRACTS - Once again, the Army walked away years ago. And they didn't even pay out the full $1 million on the contract that they had with KBLB. They only paid about $1/2 million because KBLB couldn't deliver.
KBLB has NO COMMERCIAL PRODUCTION - for the past 10+ years. And they haven't even started the process since their last disaster at the beginning of the year. They are still waiting to ship eggs to Vietnam. Once that happens, it will be a minimum of 2-3 months before the 1st silk is produced. But I'm sure that Kim (the magical CEO) will come up with another "dog ate the homework" excuse (like he has MANY times over the years).
KBLB has NO PATENTS - nobody cares about Australia and S Korea. Those countries are nobodies in the silk industry.
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