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Beating up on Ben Hansel is half the fun of this board. I'm not apologizing, or stopping, until this hits, like, ten bucks or something.
Well, then there is your reason for not investing in this company. GE and Toshiba will pay and pay and pay any FDA rep they can get their hands on to make sure this never gets approval.
Reason enough for me to stay away from this company, if there weren't already a dozen others.
I'm sure you both made a typo at .888, this is not trading at 88 cents tomorrow, is it?
That's what I'm talkin' about. Now we just gotta hear it out of Mr. Thompson's mouth.
He didn't say he was an employee, he said KBLB pays him. Pretty simple.
I'll sell you my shares for a buck each, right now.
Agreed. They have to sell the goods to somebody.
If Dr Fraser is out there, I'd like to offer my congratulations, and again say Thank You for responding to my e-mail a few months ago.
I hope you didn't type that all out.
My bad. Not as computer literate as most around here. I'll look again.
I put in those parameters in yahoo's search, and the first thing that came up was a post I made on IHub.
The minimun irresponsibility would be in not removing him from the website.
First Mike,
Do you believe the e-mail that you were forwarded that I received from Dr. Fraser was authentic? If you do, then it's very clear that Dr. Fraser confirmed that Dr Kaplan is not a member of KBLB's advisory staff, whether it was because he was and then asked to be removed, or because he declined in the first place. In the e-mail Dr. Fraser sent me, he confirmed that Dr. Kaplan, at minimum, became annoyed with residual events from the announcement that he was an advisor.
If you believe the e-mail I received from Dr. Fraser was authentic, and believe he was privy to events, then you have to support the notion that KBLB has been, at mininum, irresponsible in it's handling of the Dr. Kaplan issue.
If Thompson is selling shares, you are absolutely right. He doesn't really need price support, he just needs volume. However, CSC does need price support as they are selling shares to recover money they have lended to the company at a price per share. They need to sell their shares above that price to recover all their money, and the expected return per dollar lended.
This company's outstanding shares are worth less than a half a million dollars. WOW!!
The company being successful will not prove one way or another if Ben Hansel has connections with CSC. It will only prove that the relationship, which I believe is beyond questioning, is not fatal, which I also believe it's not. I believe this situation to be a short term sweetheart deal for CSC and Hansel, but I also believe the company can accomplish it's goals under it's present financing arraingements, and move beyond them once revenues begin coming in. That's why I have stated many times over the past 6 months that any news other than the announcement of a commercial deal, or something akin to that, is really non-news from a "are we gonna get rich on this thing" viewpoint.
Your welcome.
Haha!!
For the record, as critical, and as vocal, as I am about the CSC deal, I still have a great deal of belief in this enterprise.
I'm not saying it's illegal, as a matter of fact, I'm pretty comfortable that the SEC would have no gripes with KBLB. But it is unusual from a business standpoint. There is nothing normal about a lender, or funder in the KBLB/CSC relationship, having an inside man as the borrower's IR representative. It may not be illegal, but it's not a normal relationship between borrower and lender.
When all the dust clears, it may never amount to a hill of beans, and being that I'm invested in KBLB, I'm laying a bet that it won't. But that doesn't mean it's some kind of standard business practice, or even one that you find now and again. I couldn't give you another example of this kind of relationship without doing some investigation. I've just never heard of it.
And to counter Zinc's contention that CSC needs somebody to watch their money, that doesn't fly. The normal monitoring would be KBLB giving CSC regular financial reports and updates for CSC to assess the safety of their loan/investment. Normal monitoring isn't placing, or approving, personnel in the IR department. That's ridiculous. This relationship screams that PRs and news flow are more important than financials to CSC. They want to be a big part of how KBLB communicates to their investors. We've seen how KBLB communicates to their investors. With penny stock promotion newsletters.
Lenders/funders usually ask how are you going to spend the money and what will the results be from that expenditure. Not how are we going to address the investment community this week. The reason CSC wants to be involved the way they are is because their compensation is derived directly from how that is carried out. Their compensation isn't derived by how successful a business KBLB is/becomes.
Mike will say it's all circumstantial, but it doesn't take a huge leap of common sense to put this all together.
Strange coincidence that the PR guy Mr. Thompson chose, and that CSC approved, just happened to have ties to CSC principles.
"I have retained Mr. Hansel as my PR representative"
"Oh, I know him. Went to school with him. Say hi for me. Well, haven't seen or talked to him in awhile, so let us do a little background check into him and see if we are OK with him"
Really Mike? I mean...really?
Sorry Zinc, it's not valid. KBLB could discuss all potential prs with CSC before issuing them, and could discuss any and all activity that will occur before a draw without CSC having an inside man designated as KBLB's PR official. It wouldn't be insider trading either as CSC does not have to go to the market to buy it's shares, they receive them as resolution for the loan. Companies discuss business plans with lenders all the time before borrowing money from them. KBLB could do that also. CSC has a man in KBLB who can generate PRs himself (with the CEO's approval, of course), who is in a very strong position to influence Mr. Thompson, and as the PR man, has an unusual amount of upfront and inside information.
There is no valid reason that KBLB's lender should have a designated PR man with the company. It is HIGHLY unusual.
Making investors money and being a successful concern are 2 different things.
Watch this. A 250,000 share purchase before the final bell.
All of this will be put to rest if/when revenues replace borrowing as the continuing financing of the company's developement. This is the one thing that I have my eye on like a laserbeam. This company, as a successful concern, is 100% dictated by whether that ever happens or not. It is the watershed issue, for me anyhow. I agree that the CSC situation is the one big caveat about this company, and is probably the biggest concern to any deep pocket, serious investor(s). I'm no scientist by anybody's definition (including wikipedia's, which we all seem to quote daily on this site), and frankly, in my opinion, it's great that we have people on this board that not only have an understanding of that science, but are generous enough to put the time in to explain it to folks like me. But, IMHO, all of it isn't going to mean much if the financing of this company isn't changed as soon as it can be done.
As for a forward split, call it a dividend, call it a split, call it whatever you want........I'll take extra shares just about anyday of the week. If ultimate success comes, moving the price a penny on 10 shares will prove to be much easier than moving the price a dime on 1 share.
Having said all that, I have strong doubts whether KBLB has done anything that the SEC would crush them over. If Manshoon could pinpoint something, I'd listen to him, but I don't think he has put his finger on anything specific yet, unless I missed it, and if he hasn't found anything real meaty out there, I strongly doubt it's there. Because I think we can all agree if Manshoon finds it, we're going to hear about it. At least I hope he'd share it. He's been damn good about sharing what he's found up to now, and personally, I thank him for that.
There it is, except this time, it was only a 1000 share slap. This issue is getting played right now.
Hopefully a sign from farsighted traders that good things are on the horizon.
I see the 5000 share bid slap about 20 minutes ago. Could be another one before closing to put this in the red for the day. That would lead to a big buy order tomorrow morning.
That's my call on this for the next hour of trading. Been playing that way for many a trading session lately.
"What's going on behind the scenes"
What a question. You gotta love it.
We have plenty of news on product developement. That's what all the science news really is. We need news that tells us somebody wants it.
If the news up to the CC is any good, you'll be looking at alot more than 1-3 million a day. More like 8-10 a day. We're averaging 900k right now in a "what the hell is going on" period. But the news has to be good, otherwise, as JB2 has said over and over.......same ol' same ol'.
Interesting times at KBLB right now.
It looks like a concerted effort to keep it down to me. Today there has been 6 50,000+ trades and they've all been buys from what I can see. They are then followed by 5000 share bid hits. From what I can see and the way I understand it (I could be wrong), it has looked like serious accumulation for a couple weeks now.
Get rid of all those little 5000 bid hits the past couple weeks and there wouldn't be all that much activity, but it would be heavily to the buy side. I think it's really dicey to sell right now. I believe a little patience, at least for the next 6 to 8 weeks is very much in order.
100,000 at .0001 is $10. Man, you play a lot harder ball than I do. I'd just spend the extra $100 and get my shares at the going price. If KBLB is going to 2, 3 or 5 bucks someday, I'd hate to lose the shares because I was fiddling with that game.
I'm hardly a professional investor. I guess this is why.
Pray that he doesn't. Reverse splits may as well scream dilution at these prices.
who puts in a bid at these prices to the 1/100th of a penny? I mean, honestly. What's that .0861 stuff? Why not .086? Or even .0865? The 1/100th of a penny. Come on.
I just went to yahoo and pulled up KBLB, but I didn't notice a link to a chat room or anything like that. A little help please? I gotta read this one for myself.
I always got the 10bil number from scott trade.
My feelings are coming from what I'm seeing. I'm not just sitting in a closet meditating, and then coming out and saying to myself...."I got a feeling that......."
What do you mean no CEO ever answers those kinds of questions? That's just wrong. CEO's put out revenue projections and business plans all the time. They wouldn't get a dime out of Wall Street otherwise. You think Iacocco and GM got money from the government because of their good looks? You think Microsoft got billions out of Wall Street by not telling the investment community what the next 10 steps in the business plan were? Apple lets you know 6 months in advance what they are working on. They tell you expected markets and job growth/reduction, and revenue projections and target demographics nearly every quarter. I'm not expecting anything like that here, but it would be good to know what Mr. Thompson believes the initial uses of our product will be, and in what segments he believes we may be able to penetrate, and a decent idea when that penetration may occur. I know there are inherent developemental timing issues here, but we've jumped many hurdles to this point and should be able to have some kind of idea where we stand right now.
We shouldn't have to be so secretive, because as we've heard many, many times, we have no viable competition, and may not for 5-10 years. Or do we? Maybe Mr. Thompson could answer that.
ES, if you are honest, you have no choice but to admit that we shouldn't be in as deep of the dark as we are at this time. I mean, really. There is no news about revenue, at all. No projections, no speculations, nothing from Mr. Thompson. Just seven new strains, and 37 more worms to test. That alone could take 6 months at the speed we get things done around here. As a matter of fact, I'll make a projection. I say that we will still be hearing about test results after the first day of spring, before we hear anything about revenue. Tab it. If I'm wrong, I'll happily admit it, even if that revenue is marginal and insignificant at best. But that's the feel I'm getting. The feeling that we won't be discussing revenue in any meaningful fashion for at least another 6 months. And if that's the case, we all need to re-think what is going on here.
How come, to get to any kind of answers, we always have to "peel away the layers"? That's why there is so much back and forth here. Every damn thing about this has to be turned over, pierced and prodded, peeled away, and dug out from under.
That's why there are still so many questions to be answered about this venture. Damn near everything can be read both ways, if not many ways, just depends which side of the issue you stand on which ultimately leads you to your conclusion. Usually, that is not a good sign.
Just tell us Mr. Thompson......aside from funding Notre Dame to make some really cool worms, what are we doing?
"But I certainly don't understand the business model that won't use the assets available to increase the value of it's stock. When you don't attempt to increase the value of your company, especially a company that uses stock sales to operate, then the financial aspects of pps and dilution negatively affect the prospects of that company moving forward."
I think if you understand KBLB's relationship with it's lender and it's IR representative you would be able to understand this situation as it now sits.
I see JB2 has left an invitation for you. You should take him up on it. He and Manshoon understand this particular aspect of this company all too well and would be able to educate beyond anything you'll get here. Manshoon certainly opened my eyes to it. Alot of the folks on this board will guffaw at what they have to say, but the data are all too impressive to ignore.
Not so much a time line as an event line. My tact is to review the output from the company and try to figure out what is being said. As long as that output leads me to believe we're moving forward, I'll stay the course. I still feel that this company can be everything we hope it can be, so I'm staying the course until something just sits so poorly with me that I have to relinquish my position.
I still think we're on the right track. Sure I wish some things had developed by now, but I understand, kinda, why they haven't. It's a tough investment we're riding here. New ground and all that.