Replies to post #32179 on Kraig Biocraft Laboratories Inc (KBLB)

[es1]

I think a lot of people expect news to be out by now as well but the people are the ones who are wrong. They take the words in the PR and make them written in stone cause the CEO said so. The problem is the CEO DID NOT say so. He said he HOPES to.

People who "expect" actually "want" as you clearly said so yourself. It is all HOPES Just like the CEO. They only choose to see the part they hope for.

"Kim said 'early fall' so Nov 7th"

Kim also said "Optimistic" which means he is Hoping. It also means it is the EARLIEST he sees any news to be out. In the CC he said 2012 but nobody is holding him to that.

As far as news goes I dont think pure SS will be a major part of the news. I am Hoping for details on where we stand with the product we already have.

I hope that Kim tells us we are the luckiest people in the world but I will settle for the smartest investors

[ZincFinger]

Thank you. As usual your insight and understanding is very good.

However the possibility had occurred to me before and I very explicitly mentioned it here (probably long before you joined the board) but I at that time rated it as unlikely based on the idea (also explicitly stated here) that the fact that the Monster Silk worms had had no apparent problems with a lower level of WSP. What I failed to consider was that maybe they HAD had apparent problems (for example, a lower hatch rate) that we just weren't told about. (However, IF the heterozygous Monster Silk worms did have a lower hatch rate then serious problems with homozygous worms should have come as no surprise at all (a disappointment, yes, but not a surprise).

That assessment of low probability was based on the most likely case with the Monster Silk worms was that they had had a SSP gene added without removing the WSP gene being removed. However there is another possibility altough of very low probability, and, given that there's been time for a successful removal of the WSP gene but we haven't heard any result, that other possibility now becomes more likely: that the piggyBac insertion was of a SSP gene INTO the WSP gene (which would have inactivated it) and that caused Monster SIlk to be produced in the heterozgyous worms (so KIM scheduled the CC thinking to have results from the worms being made homozgyous by that time) but that the homozygous worms didn't work (because no WSP at all).

NOTE THAT IF THAT IS THE CASE, KBLB would have known about this problem for over a year and the ZF GMs would have been directed at solving it. And it's possible that, if successful, the current rounds of GMs might have solved it. However the chances of success with that, especially in the first attempts, would be very considerably lower than if the only problem was to remove the WSP gene.

That would explain why the MOnster Silk had, more than a year afterwards, still not had a deal, which otherwise seems now overdue. The inability to breed homozyous Monster Silk worms would have created serious problems with commercialization, especially for the silk garments and accessories market. Such problems could potentially be solved but it would take time and there would be risks, the biggest probably being financial drain.

BOTTOM LINE: It APPEARS to me that the probability of success has very significantly changed and I felt it was my duty to inform the board of that. (Especially as some had apparently taken an attitude that it's a "sure thing".)