If kblb was well run........ then these failures wouldnt be so evident. Now how many years does Kim expect to bait us with ramp up after making it so clear in the prospectus that it would be rapid??!?!?!?
Laboratory production of recombinant fiber. December 31, 2010 Laboratory production of recombinant high performance fiber. April 30, 2011 Commercialization of recombinant fiber. January 30, 2012
As described on page 26 of this prospectus, our goal is to have commercialization of a recombinant fiber by January 30, 2012 (approximately 24 months from the date of this prospectus). In the interim, we have other research and development goals – such as the laboratory production of recombinant fiber and high performance fiber. If we achieve such goals, we expect that the announcement of such achievements will have a significant positive impact on the price of our Class A common stock. Although we will be spending approximately $485,000 on our research and development efforts, technology research and development is very risky. We cannot be certain that we will achieve our research and development goals. Any set backs in our research and development activities may cause our stock price to drop, in which event we would probably not be able to raise $1,000,000 under our Equity Line of Credit. In the event that we raise substantially less than the maximum proceeds we expect to raise under the equity line of credit by the expiration of its 24 month term, we will seek to extend or renew the equity line of credit with Calm Seas Capital to raise the short-fall additional revenue on substantially the same terms as under the September 14, 2009 letter agreement. If Calm Seas Capital is unwilling or unable to enter into such an arrangement, we will be forced to raise additional capital from other investors. Alternatively, if our research yields some promising or positive results, we may seek a corporate partner in a joint venture or licensing arrangement in which we would seek to negotiation an upfront licensing fee and/or capital investment from such corporate partner. We have not yet identified any corporate partners for any such joint venture or licensing arrangement.
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