Replies to post #228979 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< The statement from the company is that they “have been granted” patent protection. >>

They are claiming much more than that in the PR.

They are claiming that they have a "portfolio of ... patents". That is absolutely a lie.

Here is the headline of the PR:

"Kraig Biocraft Laboratories Adds European Union to Ever-growing Portfolio of Spider Silk Patents"

KBLB even admits in the most-recent S-1A (that they filed with the SEC a few days ago) that they don't have ANY patents:

We currently do not have patent rights to the products we are seeking to develop and we currently license some of the genetic sequences and genetic engineering technology we need to develop our products. If any third party challenges our claim to intellectual property rights in the fiber products we are seeking to develop or the intellectual property rights that we license, our business may be materially harmed.

We do not have utility or design patents to the fibers and products we are seeking to develop. It is possible that the fiber products we are seeking to develop could be imitated or directly manufactured and sold by a competitor. In addition, some or all of our research, development ideas and proposed products may be covered by patent rights held by some other entity. In that event, we could incur substantial liability, we could be subject to litigation and claims, and our business would be materially adversely affected.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315221021233/forms-1a.htm

[DimesForShares]

In the commonly understood meaning of the term, KBLB does not have patent protection. Hence my Pinocchio.

Truth provided a link that shows the patent has been applied for. KBLB can threaten patent infringement but cannot sue a competitor on the basis of infringement. Only IF and WHEN the patent has been granted will KBLB be able to enforce and protect their intellectual property.

The PR is deceptive.