Replies to post #224195 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< I tend to think that those that signed a contract with KBLB did there DD with eyes open , And got to the conclution that kblb can make the cut/ deliver the goods... >>

Sorry, but that doesn't prove anything.

All one has to do is look at previous documents that KBLB has entered into to see that their word is worthless:

2013: KBLB & SSM Industries produced nothing:

https://www.kraiglabs.com/kraig-biocraft-laboratories-and-ssm-industries-sign-memorandum-of-understanding-to-jointly-commercialize-recombinant-spider-silk/

2013: KBLB & Warwick Mills produced nothing:

https://www.kraiglabs.com/kraig-biocraft-laboratories-and-warwick-mills-sign-strategic-joint-development-agreement/

2016: KBLB & the Army produced nothing (that the Army ordered):

https://www.kraiglabs.com/kraig-biocraft-laboratories-announces-contract-with-u-s-army-to-deliver-ballistic-shoot-packs/

NOTE: The Army ordered shootpacks (plural) and 100 kilos of custom spidersilk. They received NEITHER.

2019: KBLB & Polartec produced nothing:

https://www.kraiglabs.com/polartec-and-kraig-biocraft-laboratories-to-bring-first-spider-silk-fabrics-to-the-performance-apparel-market/

Yet, somehow, investors are now supposed to be believe that this time is "different". LOL

[DimesForShares]

Silkmaster: "Would you sign a contract for 40M$ give or take without doing a DD?"

Answer: Yes, especially if the contract generated millions from some warrants I own.

I have no proof of this, but believe that Kings is the individual who purchased $1 million in shares from KBLB in 2019. Attached to those shares were some warrants to buy another $1 million in KBLB shares for 6 cents each and $1/2 million in KBLB shares for 8 cents each.

Suppose that Kings believes the share price will decline by 5 cents without a contract but will increase by 5 cents with a contract. For $1 million, Kings can purchase 16.7 million share of KBLB. Increasing the sale price by 10 cents results in $1.67 million. Similarly, the 8 cent shares gain $650,000 with a 10-cent differential. By signing the contract, Kings may have earned himself about $1.3 million.

If KBLB is able to produce even some of the silk, the price differential may be even higher.

Further, Kings was able to obtain an exclusive license, a block of shares, and any profits from the share price increase. What did it cost? $250K.

Kings didn't need to be certain that KBLB could produce silk. He probably made money off his warrants even if no silk is ever produced. If some is made, he stands to make even more. I'd take that bet any day of the week.