Once again, puzzling news. Before today, it appeared that KBLB was going to use Vietnam weavers to produce blended silk before shipping out if the country. One previous PR indicated Prodigy had created sample textiles from a blend of cotton and mundane silk for approval by Kings.
Today they have announced the shipment of yarn, not fabric. I’m guessing textile mills in Vietnam were booked solid with pre-existing orders and could not accommodate KBLB into their workflow for a while.
I’m glad they are shipping product and Kings may be able to find a textile mill that can make the blends. Wish they had given some indication of quantity but it is likely enough to satisfy a textile mill’s requirements for setup.
How will investors react? Hope we get a little bounce.
Patrik....This shipment will represent the first milestone for KBLB, and it is HISTORIC to say the very least. This has never ever been done before, so this is huge news. I doubt you will ever learn any exact amounts being shipped at this point until the company begins multi-ton production. Once that happens, everything will change.
Enjoy the moment! THIS IS GIGANTIC news, and it will very soon lead to KBLB's first earnings. IT IS HAPPENING! GO KBLB!