SilkRoad
2 days 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., – May 13, 2024 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company” or “Kraig Labs”), 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
2 days 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 “really” when he said it, because it wasn’t necessary and didn’t fit the overall narrative about their successes. Grow production. Make the metric tons. Get some actual sales. Then talk about uplist. Maybe Kim doesn’t believe the pps can organically grow above $4 pps without an uplist or a &@$/“@& 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 don’t understand why everyone is so distracted by “uplist” 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 don’t wanna hear about uplisting until we’ve 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 ain’t the time unless somebody gonna back production.
bananarama
2 days 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
4 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
4 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
4 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. I’m 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 I’m not the only one who is thinking about it the longer we move into 2025 without a production update. Plus I don’t 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 news…. Go Figure….
igotthemojo
5 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 Kings’ blatant failure to fulfill their funding obligation is peak deflection, intellectual dishonesty, or outright trolling—take 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 isn’t just misleading, it’s 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
5 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
5 days ago
“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.”
This is true, but it has NOTHING to do with the Kblb and Kings contract…kim himself stated that Kblb was unable to produce a quality, consistent product that met his standards for commercialization…he eventually got rid of GSS altogether…and he spent the next few years trying to solve the various problems…it was not until Dr Kumar arrived that real progress was made…
The idea that the problem was that the kings didn’t have the money to pay for the product is utterly ridiculous…
Kim thought he was ready to mass produce when he signed that contract…he wasn’t…and 4 years later the contract expired without one cent being made by anyone…
That is a failure…and no matter how you try to convolute the situation and pretend it was someone else’s fault, kim himself has already admitted his failure in that contract…so I’m not really sure why you are on this crusade to save someone who has already admitted his failure…
Trying to place the blame on the kings is foolish nonsense…
“ "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 commitment…the contract was 4 yrs…that was so a new contract could be negotiated and the JV extended…it was not done in anticipation of failure…lol
Bottom line, the JV remains in effect and the contract ended in failure…