glad for your tracking that there were at least 40 fiber candidates to introduce to prospective customers. again, if the customer is looking for high value added by technical fibers, there needs to be some rigorous acceptance testing before volume sales, and, that testing has to include looking at variables coming in different cocoon cycles before gambling on the change.
on the other hand, if the prospective customer is looking at a sustainable apparel fabric, that can be a more tolerant of variances buyer at high volumes but with price sensitivity. this is targeting the lower hanging fruits okay, that is good, but, that was not what some investors were hoping to see being commercialized. Can both higher value technical fibers and lower apparel grade fibers come from KBLB in the future? Sure. But, the delay in going after the higher value technical fibers is a disappointment plus inviting competitors to stay in the race.
If you are satisfied that KBLB has a wider moat and higher profit potential already on the shelf and ready to deliver to buying customers, that is far more than I am feeling about this investment.
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