Assuming the contract with Kings is still valid, I’m guessing the silk will be slated to go to them. They were looking into silk/cotton blends for luxury streetwear applications, so I’m pretty much on the same page that you are right now.
Also note the term ‘finished’ in the PR. In the past, KBLB has indicated their silks needed to be “opened up” for apparel applications and described that as a ‘finishing’ process. Other kinds of applications would not necessarily want that finishing to take place.
I hope this is enough silk, along with what KBLB already has in their inventory, to get started with Kings.
At the latest, KBLB will show this silk being added to their inventory on the 10-K report that we get around the end of March. This probably won’t indicate the weight of the silk, but we can see from the increase in their inventory what the value of this silk was. That will help an understanding of how it compares to what they got previously from GSS.
Yesterday may end up being seen as an inflection point in KBLB’s fortunes. Clearly Thompson knew about the amount of silk he would be receiving for at least a month now, but I’m glad he at least felt comfortable sharing a picture of it with us.
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