IMHO I think they are currently looking to acquire a silk worm manufacturing plant (is that what their called?) somewhere in Japan to begin with. Ray and Henry have a lot of established connections there. I don't think their first acquisition will be of a Chinese company. Smithklein and Beecham (if I remember correctly) penetrated the Japanese market before they penetrated the Chinese market. I hope that is the case anyway, because China is scary to me. It all depends on if Kraig Biocraft wants to make that extra buck for cheaper labor. I believe they will be in talks until the end of 2010, and we will hear something right after the new year. Once they acquire a means to farm the silk worms, distribution deals will follow soon after, and that is if they do not acquire another company to distribute it themselves. I also believe that the company will want to make almost everything themselves through companies they acquire, and become the next textile giant.
I personally hope the prices stay around .10 until the end of the year. This will give me time to acquire my desired 100k shares before the stock skyrockets.
All of this is my speculation from reading Wendts book, listening to the shareholder conference, and reading various news sources and press releases over the last couple of months.
There was a saying we used in the Marines – “Slow is smooth, smooth is fast” meaning moving fast, or rushing it, is reckless and will likely get you killed. If you move slowly, carefully and deliberate however, you are really moving as fast as you can without needlessly increasing the risk on your life, or in this case, the future of the company.
And finally my favorite quote – “Patience is the ability to count down before you blast off”
Thoughts anyone?
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