<< Maybe a future customer would be willing to put up $5M as a loan that could then be converted to pay for their first spider silk delivery received? >>
So the claim is that a "future customer" is going to give $5M to a penny stock company that has sold basically nothing for the small possibility that KBLB will produce < $300K of silk in 2025????
LOL
We have heard that same line of lies every time KBLB has announced that they will need money. Every time KBLB has needed money, they have gone to a toxic lender for funding, and they have diluted. This time WON'T be different.
<< He also clearly stated their current annual costs are $1.4M >>
Which is a blatant lie. Anyone can see that for themselves by looking at the financials. Net loss for the 1st 9 months of 2024 (through 30 Sep) was over $2.5M (which prorates to $3.3M for the year). The Scumbag CEO gives himself over $1 million a year in compensation alone. In addition, costs are increasing, and the Douchebag CEO has stated that they will be adding staff for sales and customer service. Are those new employees going to work for free?
<< Kraig is NOW in mass production. >>
No, they are not. I would hardly call producing 15-20 lbs of silk a month "mass production". And that is being generous, since there is no way to know if they are actually producing what they claim.
Sorry to disappoint....
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