Replies to post #273303 on Kraig Biocraft Laboratories Inc (KBLB)

[saintcalvus]

One of the only worries in the back of my mind is the security of the IP from not only China but also Vietnam itself. All that hard work over 12 years being stolen. Any thoughts? Also, I have never been in this kind of situation in my life owning shares in a company where each day sees thousands of dollars increase. Kind of caught me by surprise and scrambling for a plan. Still holding for $5 a share or a BO.

[DimesForShares]

More crazy stuff. In 2022, China produced 55% of the world’s supply of silk. India produced 40%. The rest of the world only made 5%.

China has been known for unfair trading practices. They will sell products below their production costs to wipe out competitors, obtain a near monopoly, then raise their prices.

You may think the US military can support KBLB’s entire production of silk, but that would represent a niche market for KBLB. They would be producing silk in the US (costly) for a single customer (US military). The market cap for such a company would not be terribly impressive.

China does face significant economic problems. They discourage immigration, for example, and are facing an aging workforce. But their government is willing to support their efforts to succeed in critical markets. Modified silkworm silk may or may not be one they target.

You don’t have to care about China. Others may wish to keep an eye on developments there. There are certainly reasons for concern. Dismissing one’s competitors is the best way to make sure you are blindsided by their actions.