SilkRoad
4 hours ago
How about an update on Cambodia?
In response to:
KRAIG BIOCRAFT LABORATORIES ANNOUNCES INTENTION TO DIVERSIFY AND EXPAND ITS PRODUCTION BASE
ANN ARBOR, Mich., ā May 13, 2024 āKraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (āthe Companyā or āKraig Labsā), announces today that it is pursuing a possible business expansion into Cambodia to support the rapid growth and diversification of its recombinant spider silk production.
https://www.kraiglabs.com/kraig-biocraft-laboratories-announces-intention-to-diversify-and-expand-its-production-base/
SilkRoad
5 hours ago
I think the mention of that in the video was entirely unnecessary, but we know that has been a goal of his for years. I was just like āreallyā when he said it, because it wasnāt necessary and didnāt fit the overall narrative about their successes. Grow production. Make the metric tons. Get some actual sales. Then talk about uplist. Maybe Kim doesnāt believe the pps can organically grow above $4 pps without an uplist or a &@$/ā@& reverse split, but I do. The focus needs to be on silk production and making a path to consistent silk production in successful end products. Everything takes care of itself if they do that. Because then the silkworms are a self-generating money machine that continually makes KBLB money. I donāt understand why everyone is so distracted by āuplistā when it does nothing for silk production or sales revenue. If he wants to take on an investor who is willing to back more 25-metric ton facilities in exchange for uplisting okay, but if not, I donāt wanna hear about uplisting until weāve hit metric tonnage and actual sales of silk recognized on the books. Without production and sales it would be delisted just as fast as it uplisted. The roads are littered with trash. And KBLB has too great of an idea and product to not uplist when the time is right. Now aināt the time unless somebody gonna back production.
bananarama
16 hours ago
I never said anything about up listing right now. If it happens, it will be on Kim's schedule, and I am fine with that. It was Kim who was talking about a "potential" up list in the web conference, so I do not see it as set in stone. If an investor is to survive holding KBLB, he/she must have patience. Nevertheless, things have advanced enough for some good news to be announced any day now. GO KBLB!
bananarama
2 days ago
Exactly! This takes time. Also, do not rule out a BO. That web conference was meant for the entire world and especially for the business community. I would not be surprised to see a BO offer before any up list. This is what I have been praying for. May the Force be with us. After that web conference, I am convinced that ten dollars will be the floor. I would be shocked if a BO occurred, and the price was not at least ten bucks. That makes today's prices dirt cheap, yet folks are selling. Go figure, and GO KBLB!
bananarama
2 days ago
Trainer.....I look at it this way. Kim has a lot on his plate right now. He will not begin releasing any of the good news until he is ready. That means until he feels comfortable with the amount of SS he has. The biggest mistake any OTC CEO can make is to up list without enough product. This is how many OTC companies go bankrupt. They just cannot meet the demand of their products, and they go bust.
Do you think there will be any demand for our SS? It will be through the roof, meaning Kim needs the silk and tons of it. So, I predicted this year would start off slowly. However, at some point, things will turn around very quickly, and when it does, I plan on being here. I have bought 200,000 more shares in the low nines over the last few weeks.
I tell everyone to load up now before the news begins. That is exactly what I have been doing. Sit back; be patient; enjoy the ride. IT IS COMING!
GO KBLB!
SilkRoad
2 days ago
Just think though, whenever they announce the current batch has been completed, it will be a major relief after going through what we did years ago when it took months for them to tell us what really happened. Iām really looking forward to a report on, I think it is Batch 5 now, being the biggest and most successful batch of cocoons ever. It will provide us all with some comfort to know how production is continuing, and we are all hungry to know that everything is still progressing forward successfully. I do have a tiny nervous pit in my stomach though due to thinking about what happened many years ago this time even though I know KBLB is now producing silk like never before. I just want that assurance that everything is still going great. A nice announcement will make that tiny pit go away in a flash. I assume Iām not the only one who is thinking about it the longer we move into 2025 without a production update. Plus I donāt want to have to eat a silkworm on April 1st. I need to remind myself:
In response to:
Another week into 2025 and No production newsā¦. Go Figureā¦.
igotthemojo
3 days ago
"Your relentless need to call the Kings contract a "failure""
its called a desire to be factual and honest...you should try it sometime...
" while ignoring Kingsā blatant failure to fulfill their funding obligation is peak deflection, intellectual dishonesty, or outright trollingātake your pick."
the contract required the Kings group to fund the necessary r/d to get kblb to a point where they could produce commercially?...lol...you might want to re-read the contract because kblb was already supposed to be ready for commercialization...turns out they werent...and four years later they STILL were not...
" Ignoring the dual responsibilities of a joint venture"
the Kings were ready to fulfill their obligation...but first, kblb had to perform THEIR obligations, which they failed to do...
"dismissing the MASSIVE progress KBLB made as a result of those challenges isnāt just misleading, itās laughably transparent."
i did not dismiss anything...kblb has progressed...but they also failed to perform as required in the contract...
"pretending every hurdle is a failure"
the contract wasnt a "hurdle"..it was a promise to provide product and they failed to do that...
arachnodude
3 days ago
Yeah, don't read the contract. A "joint venture" is one-sided? This beating the "failure" horse is so foolish. Invest in a company who has progressed the advancement of Spider Silk like no other and will be the first to bring it to full-scale, SUSTAINABLE, Commercialization, but, call every progressive step a "failure" along the way. Have at it. SMH
igotthemojo
3 days ago
āIf one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement.ā
This is true, but it has NOTHING to do with the Kblb and Kings contractā¦kim himself stated that Kblb was unable to produce a quality, consistent product that met his standards for commercializationā¦he eventually got rid of GSS altogetherā¦and he spent the next few years trying to solve the various problemsā¦it was not until Dr Kumar arrived that real progress was madeā¦
The idea that the problem was that the kings didnāt have the money to pay for the product is utterly ridiculousā¦
Kim thought he was ready to mass produce when he signed that contractā¦he wasnātā¦and 4 years later the contract expired without one cent being made by anyoneā¦
That is a failureā¦and no matter how you try to convolute the situation and pretend it was someone elseās fault, kim himself has already admitted his failure in that contractā¦so Iām not really sure why you are on this crusade to save someone who has already admitted his failureā¦
Trying to place the blame on the kings is foolish nonsenseā¦
ā "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."
The JV was a 5 yr commitmentā¦the contract was 4 yrsā¦that was so a new contract could be negotiated and the JV extendedā¦it was not done in anticipation of failureā¦lol
Bottom line, the JV remains in effect and the contract ended in failureā¦
arachnodude
3 days ago
Talk about a twisted reality! The Army contract was a cost-plus-fixed-fee (CPFF) agreement, which you properly point out. But, you failed to point out that CPFF contracts arenāt about guaranteed deliverables like ordering off a menuātheyāre about funding research and development in uncharted territory. The Army was fully aware they were investing in an exploratory project with inherent challenges. Thatās why the contract reimbursed costs and included a fixed fee for KBLBās efforts, not for a guaranteed pile of shoot packs or 100 kilograms of silk on a strict timeline.
And what did KBLB do with those funds? They used the contract monies to:
āDevelop their own laboratory, breaking free from dependency on Notre Dameās facilities. This was a pivotal step in ensuring KBLBās independence and scalability. As we can see in their progress timeline.
āDevelop nearly pure spider silk from their own lab. This achievement aligns directly with the Armyās request to ādevelop a thread stronger than anything currently available.ā In other words, the contract achieved exactly what it was intended toāadvancing the technology.
You twist standard contract adjustments, like the Army withholding funds for work not completed, into some punitive measure. Thatās not how CPFF contracts work. Adjustments are normal, expected, and reflective of the nature of experimental R&D agreements. The Army didnāt withdraw funds out of angerāthey did it because the project was still in development, and the funds were allocated based on progress, not final deliverables.
These advancements continue to shape KBLBās progress today, paving the way for commercialization and scalability. Your narrative, on the other hand, is deliberately crafted to sensationalize and mislead, ignoring the complexities of innovation and the tangible progress KBLB has made.
arachnodude
3 days ago
the kings promised to market and promote the product once kblb provided them with that product...providing the product HAD to occur first...and that never happened...its as simple as that...
Go read the contract again. That's not what is stated. But, I get that's how one wants it to appear when trying to push this "KBLB failure" point.
My point...
If one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement. The blame lies with the party who failed to meet their contractual obligation to secure funding. In this case, Kings agreed to raise the necessary money but didnāt deliver. Without the required financing in place, production for that contract becomes a moot point.
Calling KBLB a failure for not producing under these circumstances is not only ignorant of how contracts work but also blatantly unfair. If Kings couldnāt uphold their end, thereās no valid basis to claim that KBLB failed to uphold theirs.
Now that some can see a flip side to the contract, logic shows that both parties mutually agreed to honor their 5-year commitment to the relationship and modify accordingly when both parties are "ready." Ready for what? We'll, the launch of their joint venture. Thankfully, the business side of things was factored into the contract! They must've known how things might have changed along the way. Looking back, it's easy to see the path forward. "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."
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Z06 MAN
2 days ago
