RE: "vague comments about entering into "laboratory production" which can mean anything or nothing.."
"Laboratory production" is in no way vague and has a very specific meaning. It means that you are producing the product in quantities sufficient for testing and research and development purposes (for later versions) and things like sending samples out to prospective buyers. This is highly significant because it both serves as "proof of principle" and and enables the scale up work needed to move to production levels to begin. (If you find the term "vague" that just indicates that you have more to learn in this area.)
In most cases the scale up work requires solving a lot of problems that arise in such work, but in KBLB's case it's far more simple: just ramping up the population of worms to sufficient levels. There is still SOME potential for problems to arise during this process but FAR less of it than in the more typical scale up process.
IMHO you appear to be not wanting to acknowledge the degree to which science is involved in all aspects of this work.
If you realize that there is more to it than you are aware of you can find ways to cope with that and take it into account(and also make efforts to learn as much as you can). That necessarily means, to at least some degree, vesting faith in the scientists and company based on what you can determine of their qualifications and history. That is an unavoidable reality when investing in biotechnology! Even a research scientist doinig cutting edge research in the same area would STILL have to put some degree of faith in the company and its scientists because he/she could not know all the details of what they were doing or how they were going about it. But if you oversimplify and refuse to acknowledge that reality, you are liable to make poor decisions because of that. That is just my opinion. Take it or leave it.
It is also, of course, necessary to be able to acknowledge AND ACCEPT that there is some risk involved. If you instead try to pretend that there isn't any risk, then you are just in denial and that is a dangerous state when investing. Risk is inherent in the process and utterly unavoidable. (And THAT is not an opinion, it is a verifiable fact. Ask ANYONE with any relevant scientific qualifications!)
What IS my opinion is that the best way to deal with the risk is to do as much DD as you can, keep up to date with developments and DIVERSIFY and do NOT invest more money than you can afford to lose in any one stock. And diversify.
And whatever you do, don't neglect to diversify! If you ever invest too much of your money in any one stock that is a very big red flag IMHO. (I think that KBLB is a good investment (for those with a high risk tolerance) because IMHO the odds for success are very good and the potential reward to risk ratio is very high. But it is still only a small portion of my portfolio nor even the largest holding in my portfolio (that place goes to a lower risk company)
ALL of the above is only my opinion.
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