Replies to post #203647 on Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

"$35.4B yen of paid in capital. That is over $350M in US dollars. Wow! Now that is some massive costs to recover!"

GOLLY!...is that supposed to be a lot?...lmao

when spiber does go public, it is quite likely to be at a minimum of $25 per share...and will likely rise from there...

that is 14 mil shares to cover that measly $350 mil...then they can sell a few more shares to put money in their pocket and grow their US production so they can eat kblb's lunch, who will probably still be trying to figure out how to mass produce...

30 mil shares outstanding, debt free, tons of money in the bank and growing leaps and bounds...

as opposed to kblb with 854 mil shares o/s and being dead broke...

"Does the fact that Spiber doesn't reference spider silk on their website anywhere impact the validity of the "comparison"?"

why would it??...they are both in the fiber industry and are making what they think are viable fiber that will sell...

what difference does it make if its made with mutated worms or in a vat?...the fact that they are both in the fiber industry and coming out with a new fiber makes them competitors...

why do you think kim put that on their website?...because they dont matter?...he knows damn well they do...

smh

[GTman1]

Is this meant to justify comparing Spiber to KBLB?

Hi W2R, good effort but you are wasting your breath.

It is quite obvious that the method to produce spider silk analogue using fermentation of yeast or bacteria (and definitely mammalian cells) is cost prohibitive.

Bolt Threads has almost entirely pivoted away from spider silk fibers and is almost exclusively promoting "their" mushroom leather. The mushroom leather is actually not a bad idea but I put "their" in quotes because the technology does not belong to them.

Bolt Threads signed a NON-exclusive license with a company named Ecovative to use their mushroom leather technology. This means that Ecovative can license this tech to anyone. Bolt has nothing proprietary with this leather.

Bolt Threads even had a legal battle with their Ecovative partners because they blamed Ecovative for not giving them clear enough instructions on how to make the leather themselves because their leather was turning out like crap. Here is a copy of the docket...

Bolt vs Ecovative

The reality is that Spider silk production using fermentation is unfeasible. Bolt is learning this the hard way and pivoting. They've had hundreds of millions in investment, and still can't get commercial production off the ground. And needless to say, they are in silicon valley with access to some of the brightest minds in biotech. They are now scrambling to have some sort of viable company because I'm sure their investors are wondering how they'll ever recoup their money. Spiber investors are probably wondering the same thing right about now. If Bolt Threads couldn't make spider silk analogue fibers with their hundreds of millions in investment, I doubt any of the other fermentation companies have a shot.

[GTman1]

Is this meant to justify comparing Spiber to KBLB?

Hi W2R, you are spot on.

It is quite obvious that the method to produce spider silk analogue using fermentation of yeast or bacteria (and definitely mammalian cells) is cost prohibitive.

Bolt Threads has almost entirely pivoted away from spider silk fibers and is almost exclusively promoting "their" mushroom leather. The mushroom leather is actually not a bad idea but I put "their" in quotes because the technology does not belong to them.

Bolt Threads signed a NON-exclusive license with a company named Ecovative to use their mushroom leather technology. This means that Ecovative can license this tech to anyone. Bolt has nothing proprietary with this leather.

Bolt Threads even had a legal battle with their Ecovative partners because they blamed Ecovative for not giving them clear enough instructions on how to make the leather themselves because their leather was turning out like crap. Here is a copy of the docket...

Bolt vs Ecovative

The reality is that Spider silk production using fermentation is unfeasible. And this is a process and technology that has been well known and established for a few decades. Bolt is learning this the hard way and pivoting. They've had hundreds of millions in investment, and still can't get commercial production off the ground. And needless to say, they are in silicon valley with access to some of the brightest minds in biotech. They are now scrambling to have some sort of viable company because I'm sure their investors are wondering how they'll ever recoup their money. Spiber investors are probably wondering the same thing right about now. If Bolt Threads couldn't make spider silk analogue fibers with their hundreds of millions in investment, I doubt any of the other fermentation companies have a shot.

[igotthemojo]

"They have 2,900,000 baht of registered capital. Wow, that must be a ton! Wait, once converted to US dollars that's less than $100K. Really, after all of that money invested that's all they have to show for it?"

sigh...smh.....its NOT 2.9 mil....its 2.9 BIL...and that equals to $93 mil bucks...