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Working hard tonight Web 🙄
We're all still here though eh?
Thanks Truth,
I read this article also, lets assume China and India both actually have disease resistant silkworms across the majority of their production centres.
I suppose this leaves the possibility that:
China and India are not interested in licensing/sharing this tech with competitors and KBLB will be targeting other nations?
or
China and/or India's silkworms do not offer the level of protection that KBLB's silkworms may offer (should testing be successful).
Would be interested in your thoughts
Question 1 - Why put “protected” in quotation marks?
Question 2 - Please can you provide any evidence for anything you have mentioned in this post?
Question 3 - How much is China charging for their (likely non-existent) licensable disease resistant silkworm? you must know this as you’ve stated KBLBs prices as “exorbitant”. You must also therefore know how much KBLB are charging?!
Lastly, let’s assume China does have something similar to what KBLB are announcing, do you presume they would wish to share it with competing nations?
How is the announcement of testing of a licensable disease resistant silkworm fluff?!
Please explain.
Are they not able to continue breeding and producing eggs there?
It does state that the factory remains open currently, can’t imagine they’re all going to work to do nothing….
Pure slander Ruskie.
Yes, clearly they’ve produced silk, it’s been stated publicly, in an RNS.
Show me the previous lies you’re referring to, or stop with your slanderous nonsense.
A lot to take in across the PR and letter.
Lots of positives amongst the obvious negatives.
“This added delay starved the eggs of oxygen, killing a large portion of those eggs”
Unnecessary detail here guys but thanks for the brutal honesty!
There will most likely be an overreaction this week.
Remember: “When there’s blood in the streets, you buy”
Wow, take it easy, read the PR (and shareholders email) fairly detailed explanation of the delays…
Short term this has to be worth the risk sub 10c, have added substantially to my holding and looking for 15c+ within the next couple of months as a start.
This is easily achievable with news of any substance, There will be a delivery announcement to both Spydasilk/Kings and Polartec, late Q3 or early Q4. This is all that it will take to stop the downtrend and get this back on the way to all time highs.
Keep the faith folks, they’re not planting 100k trees and installing equipment capable of processing 300kg/hr mulberry leaves for nothing ;)
Was this a “cashless exercise”?
The exercise price is stated as 11.5 cents.
Because now we have the permission to produce, a large facility, the trees, enough money, a contract....
Interested in your prediction for the share price this year.
What do you think the main drivers of the price will be?
Do you expect production to increase and revenues to start to flow in?
All the best.
But silly to use the current average volume to predict the volume when trading on NASDAQ though don’t you think?
Hi All,
Looking at the below comment on the recently filed form S1/A:
"If we are unable to list our Common Stock on Nasdaq or other national exchange, the Company will not consummate this offering."
This gives confidence that the share offering and associated dilution will only take place should the uplist take place simultaneously.
Would be grateful for any views on this.
Excited for KBLB to hit the NASDAQ, believe it will genuinely be a gamechanger for the company.
Cheers
Fully expect further contracts and production news ahead of the reverse-split, share offering AND UPLISTING TO NASDAQ
Overreaction here imho.
They've got until the end of the year to enact the RS, also the ratio is between 10:1 and 100:1 so a lot a leeway to go higher or lower depending on news flow over the next 6-9 months
I’d rather see them build this personally:
“The second phase of the Company’s investment plan includes the development of a 50 hectare parcel of land and the construction of a new dedicated factory, designed to support the Company’s five year expected recombinant spider silk production output needs. The Company has already begun to work with a local architectural firm to develop the plans for this unprecedented facility and spider silk production complex.”
Each to their own eh.
There is so much wrong with this statement it’s not even worth countering.
Exciting year ahead here for those that are genuinely interested in the company.
Next Announcement could be a deal with Polartec or another partner, i feel like that would be just as good ;)
Commercial Sales
Whilst today's news isn't quite the blockbuster PR we may have wanted, it's certainly a decent start on the road to commercialisation. We will need multiple partners in various areas across the world and this may well turn out to be a great starter deal, its ONLY for ASEAN countries, so fully expect partners to be announced for the potentially more lucrative parts of the world, (USA and EU especially)
Its still a bit vague and would have liked to see an update on production, but I do expect that delivery confirmations will follow shortly.
$32m over 4 years plus maybe another $8m, let's call it $10 million pa worth of silk sales, again - not a bad first deal, I would love to know what proportion of expected production this represents.
Expect newflow to pickup from now on and excited to hear further announcements over the next few weeks.
ATB
But if they do it might well turn out that we’ve actually got a flock of swans, flying in perfect v formation.
If a few of these ducks haven’t been loaded with silk and flown back to Polartec or another more significant partner by the end of Q1, I’ll be very disappointed.
Nothing to do with charts and everything to do with news flow here currently.
The chart won’t tell you when production news is coming, but it is coming, soon.
There will either be news of yet another delay or confirmation production has been successful, you can make your bet (or don’t) accordingly.
*PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
It is coming ;)
Yes I stated Polartec, got there eventually.
I was attempting to counter the nonsense statements being made that this is all some elaborate 10 year scam. Please don’t tell me you also support this line?
Samples are samples, finished products will be showcased when they are ready and are supported by substantial production volumes.
Bottom line, you either believe production is coming next year or you don’t and you invest (or don’t) accordingly. Maybe some want to wait until that production is in the hands of a partner, until they see an image of a product in the media or until they read a PR of the first commercial scale contract. That’s fine, each to their own investing style and risk appetite.
Anyway, it’s getting a bit late this side of the pond, it’s been a pleasure. I’m hoping that soon we can all discuss further developments and not just complain ad nauseam about the ceo, company and perceived past mistakes.
Exciting times ahead.
Gone a bit quiet here...
Nope, sorry, we were discussing the Polartec partnership.
I stated:
“They’ve clearly not created a finished product yet”
You implied they had (created a finished product) with Polartec, and then offered a comment made by the COO which was not in relation to the Polartec partnership and was not in relation to a finished product.
A bit misleading really...almost felt deliberate.
Thanks Truth, but I was already aware of this.
Point 1 - Pretty sure this is not in relation to the joint development with Polartec, which is what we were discussing
Point 2 - It clearly states sample products.
Are you suggesting that Polartec never received or tested a fibre? despite being in joint development with Kraig for 3 years?
Exciting, would love to see what they’ve made, but they’re not stupid, it won’t be marketed until they’re sure of a decent production volume.
Can you point out where Jon mentions this?
Is it that black and white? No. They’ve clearly not created a finished product yet, we all know this, they won’t present a product to the market until it’s ready. It won’t be ready until they get substantial production volume. It is coming.
They will parade their first product from the rooftops when ready and I’ll happily send you loads of pictures ;)
Are you suggesting that Polartec never received or tested a fibre? despite being in joint development with Kraig for 3 years?
Not rumours, third-party validation.
Do you trust Polartec?
https://www.polartec.com/news/kraig
“In joint development since 2016, Polartec and Kraig are applying the performance characteristics of spider silk into yarns for military-grade textiles”
Doubt they went 3 years without actually seeing some product eh? What do you think?
Once production finally flows (next year) they’ll be one of the first companies in line, can’t wait to see what they do with it.
Of course there is, but one must make a judgement based on timing and prospects. I’ve personally made more on KBLB than any other stock I’ve ever invested in (circa 1300% to date) so not quite as good as you managed, but still, life changing for me.
It’s clearly not a scam, and I think you know that, sure there have been endless delays, but at some point (in 2021) we’re finally going to see substantial production and sales. And I plan on having some money on the table when that happens.
You only lose when you sell Ruskie, as difficult as it can be I’ve learnt that sometimes waiting it out is the right thing to do.
You obviously believe it is or surely you would sell now and invest elsewhere.
Please explain clearly how this bridging loan can be described as a “smoke screen”. It’s not a distraction or cover, it’s a public and regulatory announcement that he is taking a sizeable loan to get production running, now. If anything it’s a spotlight.
Don’t be ridiculous.
It hasn’t been abandoned imo, Kim had planned to be in full production by the time it went ahead, delivery and partnership announcements would have boosted the share price and brought wider interest and therefore made it easier/possible to place the shares.
To attempt the financing and uplist without production and the associated news flow would likely result in failure to place the shares, which wouldn’t be great, so it’s been delayed, and we wait for production and the opportune moment.
It looks like that’s exactly what he is now planning to do.
Get production and fibre out to the big boys, get the share price moving, then get the uplist and funding through.