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WebSlinger

04/15/23 1:36 PM

#258489 RE: EMPATHY #258479

<< When it is in sufficient quantities, we plan to ship Dragon Silk yarn to SpydaSilk Enterprises in Singapore...>>

Yes, I noticed that as well.

The wording was changed from the previous S-1A (#9) from:

"In January 2022, we completed production of the first Dragon Silk yarn produced entirely in Vietnam. The finished yarn was spun from raw recombinant spider silk produced at Prodigy Textiles. We believe this production fully integrated Prodigy Textiles into Vietnam’s substantial silk textile industry. Vietnam produced nearly 1,000 metric tons of mundane silk in 2020. While Prodigy Textiles remains focused on ramping up the output of recombinant spider silk cocoons, supporting vendors will play an essential role in processing that silk into finished goods for a wide range of consumer markets. We plan to ship this Dragon Silk yarn to SpydaSilk Enterprises in Singapore, a joint venture partially owned by the Company, for weaving into fabrics and finished garments. Over the coming months, Prodigy Textiles will continue to leverage this expanded silk production success to address the material needs of SpydaSilk and make additional materials available for purchase to fill the numerous and backlogged material requests it has received."


to the recent S-1A (#10):

"In January 2022, we completed production of the first Dragon Silk yarn produced entirely in Vietnam. The finished yarn was spun from raw recombinant spider silk produced at Prodigy Textiles. Vietnam produced nearly 1,000 metric tons of mundane silk in 20201. While Prodigy Textiles remains focused on ramping up the output of recombinant spider silk cocoons. Our supporting vendors will play an essential role in processing that silk into finished goods for a wide range of consumer markets. When it is in sufficient quantities, we plan to ship Dragon Silk yarn to SpydaSilk Enterprises in Singapore, a joint venture partially owned by the Company for weaving into fabrics and finished garments. Over the coming months, Prodigy Textiles will continue its efforts to increase production by focusing on increasing silkworm robustness through cross breeding and the introduction of hybrids."


This is basically the main theme in the entire document - statements about production were removed and statements regarding the lack of "robustness" of the sickly silkworms was added.
Bearish
Bearish