Agreed. There is definitely a LOT more to the story than KBLB is letting on.
In the December 3 PR, KBLB stated:
So on Dec 3, they expected that the silkworms would become "cocoons over the next two weeks". That would place cocoons around Dec 17. And they expected the silk to be completed "by Christmas".
Then in the December 17, KBLB stated:
So the 2nd production cycle was "nearing completion" and they were expecting to ship cocoons the following week (or about Dec 25).
Then there was a "quiet period" for a month and a half, and then the infamous PR stating that there were "setbacks" on Jan 28.