Throughout the whole September, Kraig Biocraft Laboratories, Inc. (OTC:KBLB) and its promoters have been issuing positive news about the company’s activities and today’s live conference is going to be the tip of the iceberg.
The positive news about Kraig Labs, which is producing genetically modified spider silk, surely got many people excited: the stock gained over 700% during this month, hitting an all-time high of $0.218 per share.
But we’re not quite sure how exactly they made that discovery:[BANNER]
The one-man-company claims to work in cooperation with the University of Notre Dame. It is not clear how exactly KBLB cooperates on this project, as the company has no money to finance it and it’s only employee isn’t remotely qualified in genetic engineering… Is KBLB going to get any rights over this product at all? And given the lack of specific information, does this silk even exist?
Those are the questions, which if not answered today will most probably put long-term investors into a free-fall, given the current $100 million value of this company.
