It’s laughable to consider these PR statements as “facts” given the open-ended language used, the lack of quantification of anything and the lack of follow through with the stated claims and aspirations. That the PRs you’ve cited actually said the things they said were the only “facts” - but the claims contained therein weren’t substantive. Show my any Spidasilk product, show me Spidasilk sales. You cannot because there aren’t any, and to date there has been no launch.
The “largest batch” is childish wordplay that has somehow convinced a few into believing there was a lot of silk produced. Here’s a better way to explain it:
A child with a history of failing grades comes home from school and tells his parents he got the highest grade he’s ever gotten and the parents are overjoyed, blithely (and ignorantly) accepting that the grade was a good grade. The child never showed the parents that he scored a 29 out of 100 (obviously a failing grade) nor did the child show any of his previous grades. Previously, his highest score was a 27/100 so he technically didn’t lie and the parents were successfully duped into believing all is well with their child’s education - until it’s time for parent teacher conferences, at which point the parents learn the truth that their child will have to repeat the grade. Such is the case with Kim and KBLB. For KBLB, quarterly reports are the parent-teacher conferences where we learn KBLB has no revenues, no sales, time after time. It’s a “gut check” four times per year that historically “gut-punches” investors as they learn KBLB will have repeat the grade - in the form of restarting production with a new strain that will “hopefully work this time”. That’s why KBLB is still in the first grade despite having been around for 14 years. KBLB is that teenager with the mustache sitting in a tiny desk amid the other first graders, a laughingstock of the school. Kim reveals nothing but thinly veiled statements that let pie-in-the-sky optimists believe things are going well. It’s despicable because it’s essentially intentionally lying by omission - an awful practice by any standard, yet alone one for a CEO.
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