Replies to post #14990 on Kraig Biocraft Laboratories Inc (KBLB)

[Invest_co]

In reference to you request to post the article, Joe Noel Posted this message:


Joe January 6, 2011 at 9:19 am
Slewey – I am not saying that the company is not worth $2.50. What I am saying is that I think Kim Thompson would be willing to take $1.00 per share for the company and move on to other business. I have talked to him at great length about two other biotech plays he has in his head. Having $300 mm in his pocket in cash would let him move forward on these. but I am just guessing on what he would do. Joe

[Diveintoapool]

LOL. No problem. I was just replying to Manshoon’s comment about the capability of other transgenic possibilities. But now that I read it again he was talking about other silk possibilities then spiders that could be injected into the silkworm, not whole species in general.
Sorry for straying too far off topic :)

[Diveintoapool]

To answer your other question, I highly double KBLB is focusing on anything else right now besides spidersilk. From reading Joe’s comment it seems like there are other ideas that he would like to pursue, and if he sold the company for around $1.00 a share he would have the capital to do just that. KBLB does have rights to the piggyBac technology, which has many uses outside the realm of silkworms and spiders.

[Michael Weston]

You mean like this?

http://www.aralifestyle.com/article.aspx?UserFeedGuid=790f937a-c021-4f40-b71d-51b495ef27d1&ArticleId=2433&ComboId=7432&title=Sex-pheromones-are-bending-the-laws-of-attraction