Kraig Biocraft Laboratories Inc (QB) (KBLB) Quote

Agreed. Also, I don't swing at the fences, ever, not even in softball. I take a logical, situational approach in all aspects of life.

I'm basing a LOT of my thoughts on the share options presented in the SEC updates which also aligns with AI information I found after typing this post.

Personally, I think kings will be an absolute flop other than a quick sale for KBLB and slow celebrity advertising/marketing over the next couple of years. I don't find enough legitimacy in KINGS group and what they offer.

I doubt it'll take off quickly enough in the fashion industry to ignite production in the US unless Trump demands it to avoid tariffs. That being said, all research has spidersilk taking off in 2030 and beyond. Until then, fashion, outdoor gear and medical textiles.

Domestic production won't be necessary just because of polartec. They'll make the jackets for chump change in Cambodia and ship it over. MADE IN CAMBODIA.

I think textiles is the quickest route to the US but the problem here is how long the worms take for mass production. They'll sell the textiles all over the eastern hemisphere and ship it to the US.


Here's an AI answer that aligns with my theories and research and "realistic approach" to investing in this back in 2010-2012.

As badly as I want it now, production is just too slow. To be honest at best this company will sell 15 million by 2026. The worms take too long.

The demand for spider silk in the United States will likely grow over the next decade, driven by advancements in biotechnology and the material’s unique properties. The timeline depends on key industries that could benefit from spider silk’s lightweight strength, flexibility, and biodegradability.

Key Sectors Driving Demand

1. Military & Defense – The U.S. military is already funding research into spider silk for bulletproof vests, parachutes, and lightweight armor. Demand could increase within 5-10 years as production scales up.


2. Medical Applications – Spider silk is being explored for sutures, artificial ligaments, and wound healing. FDA approvals and cost reductions could make it common in the next 5-15 years.


3. Luxury & Performance Apparel – High-end brands are testing spider silk for sustainable clothing, but mass adoption depends on price reductions, likely after 2030.


4. Aerospace & Engineering – NASA and private companies are interested in spider silk for lightweight, strong materials in space applications, potentially increasing demand within 10-20 years.



When Will It Go Mainstream?

2025-2030: Niche, high-end markets (luxury fashion, medical research, military testing).

2030-2040: Broader industrial use as production scales and costs drop.

Beyond 2040: Potential widespread adoption in consumer goods and infrastructure.

See previous post

You’re stuck in your own rinse-and-repeat cycle of slander, half-truths, and bad faith arguments. Meanwhile, KBLB is moving forward, whether you like it or not.

<< If he were “pumping the stock” with false PRs, where’s the cash out? >>

The Scumbag CEO has literally made $MILLIONS of dollars over the years.

In 2023, he made over $800K in compensation (and that doesn't include the payouts that he receives from charging interest to the company for "loans").

<< Where’s the insider dumping? >>

The Douchebag CEO has literally sold about 120 MILLION shares over the years. Oh, and by the way, he never reported most of those sales (as required by law).

<< he’s still here, ... still securing funding >>

So he can stuff his pockets with more money....

<< That’s not the behavior of a con artist >>

WRONG AGAIN!

That is EXACTLY the "behavior of a con artist".

<< Do you honestly think that a CEO, whose company is under the scrutiny of investors, regulators, and partners, would just “lie” in a PR with no repercussions? >>

Sure, why not? There are plenty of examples over the decades of people doing just that - Elizabath Holmes (Theranos), Sam Bankman Freed (FTX), Adam Neumann (WeBank), etc.

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https://www.sec.gov/submit-tip-or-complaint/tips-complaints-resources/report-suspected-securities-fraud-or-wrongdoing

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WRONG AGAIN!

That was what the previous $8 MILLION dilution was supposed to be for as well.

Wash, rinse, repeat....

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They already had an investment license (way back around 2019) as well:

"the Company has been awarded an increased investment license"

https://www.kraiglabs.com/kraig-biocraft-laboratories-awarded-expanded-investment-license-in-vietnam/
Wash, rinse, repeat....

The Scumbag CEO is so lazy he just keeps recycling PRs. LOL.

To each their own. Possibly scared off by potential dilution; or maybe the analyst report saying 39 cents by 2029 lol. I get that but I can’t personally imagine selling at this point with so many potential catalysts. As far as analyst price prediction goes , one thing I’ve learned is they are almost always wrong by a mile.

We’ll know right away if Kim is selling. I don’t think he would be selling. He just got access to a new line credit.

It’s probably someone tired of waiting…I Don’t blame them… The stock market, crypto and many other investments have kicked ass and are doing very well. I was fortunate enough to be able to hold on to this Hail Mary while I continued my other investment strategies. Some people don’t have that luxury, you can tell who those people are by their posts on this board.

At this volume, it’s probably Kim doing the selling 🤣

Keep selling and keep shorting. I am buying more shares! Thanks for the discount. GO KBLB!

Fair take, DH. I appreciate that you’re at least framing this logically rather than just swinging at the fences.

You're right—Kim did say 1.5 metric tons marks the starting line for commercial sales. That doesn’t mean that’s the cap—it means that’s the point where the company feels comfortable fulfilling early demand while maintaining quality and consistency. That’s a responsible move, not a limitation.

As for U.S. production, I agree it’s a longer play, but I wouldn’t put a hard 3-7 year window on it. KBLB’s approach has always been about strategic scaling, and if production in Vietnam exceeds expectations, that timeline could shift dramatically.

On your specific timelines...

1. Fashion = Kings, not US.

Agreed. But Kings' success directly impacts whether we see a broader retail expansion into the U.S. later. If SpydaSilk takes off, it accelerates demand, which could influence how soon U.S. production becomes a necessity.

2. Polartec = Columbia, not US.

Right again—for now. But Polartec has U.S. ties, and if military applications scale up, you’d better believe some level of domestic production will be on the table.

3. Textiles, etc. might = US.

This one’s the most interesting because we already know defense applications require U.S. soil manufacturing at some point. If BAM-1 tech is proven viable at scale in Vietnam, there’s no reason it can’t jump the queue for domestic production if the right government contracts come in.

So yeah, I get your logic, but I wouldn’t be surprised if some of these timelines compress significantly based on market response. KBLB has been in R&D mode for years—now it’s about execution. If that snowball starts rolling, timelines tend to get a lot shorter real fast.

Respectfully, Kim did outright say we're open for business at 1.5 metric tons.

US Production is easily 3-7 years out.

Why?

1. Fashion = kings, not US.
2. Polartec = Columbia, not US.
3. Textiles, etc. MIGHT = US and that's clearly 3 years out because polartec products will take 1-2 years AFTER fashion (this year).

I appreciate the well thought response. Thanks!

Does your response have anything to do with the OP’s question?
When that PR came out I saved it to my Favorites and just happened across it a few days ago. Since the subject was brought up I decided to post it. Since it's over a year since Kim said we would be producing pure SS in the US I think it's relevant. Sorry if facts upset those of you with your head in the clouds.

Pretty audacious to expect a CEO to hold a personal press conference every time a timeline shifts in a pioneering, first-of-its-kind biotech endeavor. Welcome to reality, where innovation isn’t delivered on demand like your Amazon Prime packages.

Kim Thompson doesn’t “ignore” PRs—he moves forward. That’s how real businesses operate. KBLB isn’t in the business of issuing retractions every time a milestone takes longer than expected. It’s in the business of developing the “Holy Grail of textiles” and building the infrastructure to scale it. Reading beyond this board details that.

If he were “pumping the stock” with false PRs, where’s the cash out? Where’s the insider dumping? Where’s the sudden vanishing act? Oh wait—he’s still here, still leading the company, still securing funding, and still pushing forward. That’s not the behavior of a con artist—it’s the behavior of a CEO working to bring a groundbreaking product to market.

Do you honestly think that a CEO, whose company is under the scrutiny of investors, regulators, and partners, would just “lie” in a PR with no repercussions? If so, maybe the stock market isn’t the place for you.

Taking it a step further: Do you know what they do in Vietnam to those who scam them? Vietnam doesn’t play games when it comes to fraud, especially corporate fraud. If a foreign company were caught scamming the government or business partners, it wouldn’t just be a slap on the wrist—it would be severe consequences...

Immediate Expulsion & Blacklisting – Foreign companies that deceive local investors or violate agreements can be permanently banned from doing business in Vietnam.

Criminal Charges & Imprisonment – Vietnam has strict anti-fraud and corruption laws under the Penal Code. Executives caught engaging in fraudulent business practices face years in prison.

Asset Seizure & Fines – Authorities don’t hesitate to seize assets, freeze accounts, and impose massive financial penalties on businesses caught misleading the government or investors.

Government-Ordered Shutdowns – A company engaging in deceptive practices can have its licenses revoked instantly, and it won’t be able to operate within Vietnam’s borders.

And yet… KBLB just secured an official Vietnamese investment license, allowing them to expand production.

So ask yourself:

Would Vietnam grant that to a company built on lies?

Would any government allow a scam operation to expand its footprint in their country?

Of course not. Because KBLB isn’t a scam, and Kim Thompson isn’t the fraud you desperately want him to be.

If trolls were held to the same standard they demand from Kim Thompson, they’d have to retract 90% of their posts. But instead, they just rewrite history, twist narratives, and conveniently “forget” their past failures.

At the end of the day, you don’t like the way he communicates because it doesn’t fit the neat, predictable timeline you demand. That’s not a credibility issue—that’s a you issue.

But to just completely ignore a PR that he apparently knew wasn’t going to happen. That’s absolutely shameful

If that is the case it is your obligation as a stockholder to contact Web and he can give you a link to whatever agency required to report manipulation by lying. Words have meaning. He knew it therefore he lied. Please keep us informed of your progress. Can't wait for the updates or is this just about pissing and moaning.....again. LOL

Arach … it doesn’t take away the fact that Thompson puts the shit out there and nothing ever is said about it when it doesn’t materialize.. so one would have to ask themselves. Is he putting it out there to get his share price up knowing it’s a complete lie. The mere fact that he would never re-address these PR’s that never happened says a lot about the man’s truthfulness and character.. just man up and say “hey that PR I put out, it’s not gonna happen. People can respect that…. But to just completely ignore a PR that he apparently knew wasn’t going to happen. That’s absolutely shameful

Does your response have anything to do with the OP’s question? Or you just didn’t want to miss a chance to complain?

Z-Man, I get the frustration. It’s been a long road, and KBLB’s journey has been anything but a straight line. But here’s why 2025 is shaping up to be the year that changes everything—not just for the company, but for patient investors like you/us.

Kim may not have answered directly, but the latest $10M funding agreement and new investment license in Vietnam tell us something big: KBLB is now in the position to execute at scale. The emphasis has been on Vietnam, but with scaling comes the real possibility of bringing production back to the U.S. in a more meaningful way.

KBLB’s tech enhancements over the years weren’t just for show—they were the necessary stepping stones to making U.S. production a reality. It wasn’t abandoned; it was evolving.

For years, KBLB was refining the technology and improving scalability. Now? They’re locked in on commercialization, production expansion, and fulfilling the demand that’s already waiting.

All these are recent developments...

-A major funding deal in place (flexible, no mandatory dilution)

-Vietnam’s full buy-in with the investment license

-Projected 10,000+ lbs of silk yarn in 2025

What do those recent developments say?

The slow buildup is shifting toward real-world output. This isn’t just about "passing thoughts" anymore—it’s about executing a plan that’s coming together.

The shift from "waiting" to "winning" happens when KBLB moves from research and limited runs to full-scale production and sales. That shift is happening right now. The foundation has been built, the funding secured, and the partnerships forming to deliver to the potential customers who have been waiting.

Those who lost patience and sold? They won’t be getting back in at the same price.

You’ve/we've held on this long—2025 is looking like the year that patience turns into profit.

there is NO U.S. PRODUCTION whatsoever.

And only one company capable of changing that: KBLB.

💥💥💥 BAM !!! 💥💥💥

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That is simple - there is NO U.S. PRODUCTION whatsoever.

I had inquired many times about what happened to the U.S. production over the past couple years, never got a response. It must have been one of Kim’s passing thoughts. A 14 year collection of passing thoughts that never materialized.


This new technology has applications and implications far beyond material performance. The Company is now well underway, and rapidly advancing, its efforts to enhance its silkworm technology to allow for large scale US production. The Company has already begun the validation process for the first of these new transgenics and anticipates US production to be possible as early as 2022 or 2023


I am hopeful this is the year we can say this was a successful investment. Most of the people I brought into this have lost patience and sold.

This is what allows them to achieve essentially pure spider silk.
That is AWESOME!!! Even more amazing is this from April 16, 2020:
This new technology has applications and implications far beyond material performance. The Company is now well underway, and rapidly advancing, its efforts to enhance its silkworm technology to allow for large scale US production. The Company has already begun the validation process for the first of these new transgenics and anticipates US production to be possible as early as 2022 or 2023.
I can't wait for 2024 to get here. KBLB shareholders will be rolling in dough!!!

CRISPR platforms can result in off-target modifications, unwanted on-target modifications, and genomic rearrangements.

Kim switched to a non-crispr knock in/knock out method. The knock-in knock-out technology allows KBL to work with more complex protein sequences, which are about four times more complex than CRISPR. And more accurate. This is what allows them to achieve essentially pure spider silk.

https://www.kraiglabs.com/kraig-biocraft-laboratories-achieves-knock-in-knock-out-success-to-create-nearly-pure-spider-silk/

Can anyone explain to me, for a friend, why crispr is nothing to worry about? I explained to him about bslk but when you use AI to compare crispr and KBLB, kblb looks really bad.

Thanks in advance!

That wasn’t a paint job, I picked up those 500 shares end of the day… It was the last portion of a larger order I put in earlier in the day. So, as usual you’re trying to spread your FUD. Nobody’s buying it!!


Another 500-share (~$45) paint job at the end of the day in the last minute to pump up the share price

I love it every time I see it, knowing it bothers you so much that you have post a bitch about it almost every time you see it…

LMAO!

Another 500-share (~$45) paint job at the end of the day in the last minute to pump up the share price.

Wash, rinse, repeat....

I just want to share that during the AI research/prompt process of spider silk, cocoons, and product development, AI suggested researching further into BOLT AND KBLB for more information.

This is pretty telling being that AI used all available internet sources to determine it's information.

Pointing directly to our company means they are in fact the most advanced. Bolt is the "competition."

AMEN

I just replied to someone's post saying the same thing, a bit more detailed, a bit nastier.

Stockinvest.us also does this and it's all based on current factors.

They did this at this time so they can say the stock is over performing once they start sales, marketing, and advertising. This 24/7 article which is NOT going to help the company gain traction is there solely for the purpose of looking back and saying "see, we beat the expectations."

If you cannot see that then you are simple minded.

If you think this article is going to be seen, you're an idiot. We just had a year of 24/7 etc. and it did nothing.

WE WILL SEE NOTHING UNTIL ADVERTISING, MARKETING, AND SALES.

As usual….. NO UNDERSTANDING, but I tried lol

“When building a portfolio. Patents get cancelled and some get incorporated within other patents, some merge and some change during pending,
but KRAIG Is KING of the perfect biological protein/fibre factory…. “


SMH

<< Kraig has been working on many things. >>

WRONG AGAIN!

They have been lying about "many things"....

First, they have 7 full-time employees. After you remove 2 of them that are in management (the Scumbag CEO & his minion), that leaves 5. A few of those are probably people that clean out worm poop. You aren't going to get much done with only a few employees.

<< Patents >>

Once again, for the umpteenth time, KBLB has 0 US patents.

The 1st patent application you mentioned is pending:

https://patents.google.com/patent/EP4167732A1/en

The 2nd patent application was abandoned a few years ago:

https://patents.google.com/patent/US20220017918A1/en

Kraig has been working on many things. They already have spider silk Films and Gels as PR’d May 17, 2022. I would like to see something medical digitally printed with it soon?
Lots of published medical papers over the years…Now that production is settled and rocking. I’m thinking (hoping) they are about close to showing off to the world BIG TIME....

When building a portfolio. Patents get cancelled and some get incorporated within other patents, some merge and some change during pending,
but KRAIG Is KING of the perfect biological protein/fibre factory…. The silkworm$$ HUGE!!


I think this was PR’d around 2020?
ABSOLUTELY MASSIVE!!!

“In its US patent entitled Synthesis of High Molecular Weight Proteins Using Inteins, Kraig, headquartered in Ann Arbor, Michigan, reinvents its approach to manufacturing large-format spider silk protein with new technology allowing for the automated self-assembly of target proteins within the silkworm. The process allows for the opportunity to reach beyond the limits of current protein synthesis technologies.

This new approach, using the auto-processing capabilities of inteins – genetic elements that disrupt the coding sequence of genes – creates the opportunity to create plug-and-play blends of numerous spider silk proteins that are not inhibited by the current size limitation for targeted gene knock-in knock-out transformations.”



Sericin

The second patent, Synthesis of Non-Native Proteins in Bombyx Mori by Modifying Sericin Expression, moves beyond heavy chain fibroin and creates opportunities for the co-production of non-fibrous proteins within sericin. Sericin is the stick glue-like protein holding the silk fibres together, making up roughly 20% of the cocoon, and is broadly considered a waste product.


This invention seeks to leverage the untapped resource to increase the production of target proteins. Target materials include a range of possible applications, including therapeutic and pharmacological proteins. The current production systems for these proteins are inefficient and, therefore very expensive. This new process opens the possibility for large-scale production materials such as elastin, keratin, human collagen and many more at comparatively very low costs.


Our research team continues to deliver novel and innovative applications for our gene-editing technologies,” said COO Jon Rice. “While our production operations in Vietnam remain laser-focused on the large-scale commercial production of spider silk textiles, our lab is busy executing on the technology roadmap to secure our future and legacy.”

Nobody else did it properly. Get on my level! 😂

Thanks for reading the post and understanding my purpose.

I considered asking that prompt next but didn't and am too lazy to start over again lol

>

When was that? 13 years ago?

LOL

This info was gleaned from the original PNAS.
Kraig has perfected their technology to now incorporate a protein sequence as desired…. Like antibiotics or medicine or metallics…..
Biological engineering and AI to perfect protein generation is likely a huge future here imo
The silkworm is an amazing biological factory!!!


WIKIPEDIA…. And this is old.

Dragon Silk
Mechanical properties

****Dragon silk has properties higher than that of any other fiber ever noticed.****


Tensile Strength
Tensile strength of dragon silk is higher than that of steel (450-2000 MPa). The reported strength of dragon silk is as high as 1.79 GPa, which is 37% higher than the widely reported spider silk.

Flexibility
Dragon silk is far more flexible than Kevlar (the material used by US Army to develop body armor). Its flexibility is 38% higher than normal spider silk and is noticeably more flexible than the "Monster silk" from the same laboratory. In percentage, Kevlar's flexibility is 3% and dragon silk's flexibility is 30% to 40%.

BRAVO A-Dude!! Keep bringing the truth.
Tic Tok BAM!!
Kong wantabe

i gotta say, these are 2 very excellent posts...i had similar thoughts but didnt feel like engaging...i think dimes is here just for the arguing...he takes on either side depending on his mood...

if i thought that kblb paid for the analyst to promote the company or the stock, and that is what the analyst came up with, i think i would ask for my money back because that analysis did not do us any favors...it was terrible and your complaint that it was somehow a conspiracy between 24-7 and the analyst to promote kblb is just stupid...theres no other way to say it...

The difference is that KBLB is paying for the report (it literally says "This report was commissioned on behalf of Kraig Labs" at the bottom of the report), while (in your example) Bank of America is not being commissioned by the company to write the report. HUGE DIFFERENCE!
The difference being that what is acknowledged at the bottom of the report is no more different than the undue influence held over the heads of banks by financial heavy weights, politics, etc. that are all behind the scene. So there is a huge difference.....KBLB admits it!

If you can't (or refuse to) see that, then I can't help anymore....

Ask Jaimie Diamond if behind the scene activities has anything to do with it. He just threw his back out when he so quickly changed directions on financial advice since last November. Does that address "I can't help you anymore" .LOL

The difference is that KBLB is paying for the report (it literally says "This report was commissioned on behalf of Kraig Labs" at the bottom of the report)

You’re misquoting and posting only half the paragraph. Shocker. COMMISSIONED ON BEHALF OF KBLB BY 24/7 And PAID FOR by KAROLUS Kapitol.

So again , how’s this different than the analysts paid by the big banks who then loan the favored companies large sums or complete mergers and acquisitions on their behalf ? Answer : only the size, scope and breadth of the back room dealings.

So the analyst is biased for Kblb but estimates a conservative , some could argue even negative , share price range ? You’re swerving all over the road. Pick a lane.

And let me add...

Let’s get something straight—I'm not going to waste time digging up 'scientific studies' to prove anything to anyone because...KBLB is the study.

You and your merry band of obfuscators keep demanding reports, papers, and historical data on a material that has never before been commercially produced at scale. Newsflash: There are no established studies because KBLB is the one writing the book on recombinant spider silk production.

This isn’t some commodity where you can just look up production charts and established industry norms. KBLB is setting the industry norms. You can’t apply traditional silkworm production stats or sericulture studies to this because what KBLB is doing has never been done before.

You want scientific proof? Wait for KBLB’s production reports, because those will be the first of their kind. You’re demanding “data” from the past when the only meaningful data will come from KBLB’s present and future.

Your insistence on using outdated benchmarks to measure something revolutionary isn’t analysis—it’s deliberate misrepresentation.

So no, I’m not going to play your game. KBLB is the pioneering force here, and when the numbers roll in, they won’t be from some old study that doesn’t apply—they’ll be from the first company to ever pull this off.

Classic Dimes maneuver—pretend to be rational while deliberately ignoring context and shifting the burden of proof. Let’s break this down.

1. You "provided a scientific report"?

No, you linked a study on traditional hybrid silkworms that has absolutely nothing to do with KBLB’s recombinant spider silk hybrids. That’s like citing a Ford Model T manual to estimate the specs of a Tesla. Your “published evidence” is irrelevant to the topic at hand.


2. “If you want me to believe you…”

Let’s get real here—this isn’t about believing anything. You’re not looking for clarity; you’re looking for confirmation bias. No matter what data is presented, you’ll spin it to fit your pre-loaded narrative.


3. “Thompson could clarify the uncertainty in a heartbeat…”

And yet, despite your claims that the CEO is untrustworthy, you’re suddenly eager for him to spoon-feed you numbers? Funny how that works. Maybe you should clarify why you’re demanding absolute precision from a pioneering biotech company scaling an industry-first production model, while simultaneously ignoring the complexities involved.


4. You and others are “trying to establish an important number”?

No, you and others are throwing out misleading numbers using the wrong baseline and acting as if it’s scientific fact. There’s a reason actual biotech firms rely on real-world testing and production scaling rather than cherry-picking irrelevant studies.

Overall, you’re not “estimating,” you’re manipulating perception by presenting irrelevant data as authoritative while ignoring the actual science behind recombinant spider silk production. Your approach isn’t about discovery—it’s about obfuscation.

Now, that’s the Dimes way.

I can agree there were mistakes. The target price should be very much higher and much  sooner than 2029. 

You make an excellent point.  I did not consider the weight of the sericin that is boiled off during processing.  You are also correct that the fiber to sericin ratio might be different in Bam-1.  I suspect that silkworms produce a given quantity of fibroin and sericin which would mean the greater length of the fibers means the coating is thinner, but that is just an assumption.

If we assume a shell proportion of 20% and 30% of that is sericin removed during processing, a kilo of silk will produce 200 grams of cocoons with 60 grams of sericin and 140 grams of silk fiber.  With a reeling loss of 10%, that produces 126 grams (12.6%) of reeled silk.  This is closer to WebSlinger's 10% value.

"More than" 1200 pounds of cocoons is roughly 550 kilos.  If the yield is 12% then KBLB produced a grand total of 66 kilos of silk in 2024.  At 10%, the total would be 55 kilos.  Both numbers reveal how far away KBLB is from metric ton production.  On a monthly basis, KBKB averaged around 4.5 to 5.5 kilos per month.  That figure is misleading because production levels were 'ramping up,' but I can't find individual production numbers for any given cycle.  Probably most of that 1200 pounds came from 2 cycles, meaning KBLB produced between 25 and 30 kilos of silk in each of those cycles.

KBLB has a long way to go to hit metric ton production levels.

I appreciate your contributions to this analysis.

The report is filled with errors and typos (eg, VALUAwweTION?). It seems obvious that they didn't hire a real professional. As they say, you get what you pay for....

For example, the analyst is basing revenue on a major error. They are claiming that KBLB produced 1200 pounds of spider silk, but we all know that it was 1200 pounds of cocoons. They then use this to estimate revenue over the coming years. This major flaw overestimates revenue by about 10x.

"Last year, the company produced 1,200 pounds (0,55 metric tons) of recombinant spider silk (BAM-1 hybrid)."

"Using this benchmark, Kraig’s 2024 production of 0.5 metric tons could have generated approximately $55,000 in revenue already."