Replies to post #290725 on Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< The $22k inventory line item is the strongest concrete evidence to date that Kraig Labs has transitioned from R&D to possessing commercially saleable product. >>

The same thing could have been said 2 1/2 years ago (in Mar 2023) when KBLB added the $6,580 inventory line item for the 1st time.

<< It ... validates the 2025 production cycles, and increases the probability that the company will recognize first revenue very soon. >>

No, it doesn't.

All the Serial Liar CEO did was continue to play the shell game (once again). He announces something, people believe his BS, it is never mentioned again, he announces something else.

Shareholders are still waiting for:
- Polartec to "bring first spider silk fabrics to the performance apparel market"
- Kings / MtheMovement to produce and sell up to $40 million worth of spider silk under their new brand, Spydasilk
- a metric ton of spider silk to be produced
- over 10,000 lbs of
and the list goes on (and on).... wash, rinse, repeat....

This latest "order" is just a small sample request. There will most likely be no revenue at all.

I predicted this move over the last few weeks. It is the Scumbag CEO's MO. The only thing left for the year is for him to come out with a holiday Letter to Shareholders blowing smoke up their butts telling them how great the year was and that next year is "the year". LOL.

[DimesForShares]

So, it took 2.5 years to produce $22,000 worth of silk, including the hank shown at the end of last year.  KBLB has been producing $733 worth of silk per month over the last 30 months.  In the same time period, they burned through how many millions of dollars?
We don't even know the quantity of silk or how much KBLB believes the silk is worth.  At $300/kilo, that represents only 73 kilos of silk.
It would be far more useful to tell us how much silk they actually have, and how much has already been eaten by moths...