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My investment is STRONGLY supported by my trust in the CEO. Though I wish he were communicating differently (didn't say more, I mean differently), I still feel that he has handled my investment very well to this point.
I think Hansel supporting a blog on the website, if they can ever get the security issues hammered out, is a great idea.
Very mature post. Next you'll be telling us how many women you bedded in high school.
Alot of us thought they were going to attempt to achieve homozygosity by the continual breeding and weeding out of the worms they developed at Notre Dame with the Transposon method. I'm happy that they moved to the zincfingers, but it still was a change of course that we didn't see coming, and we've had to adjust our thinking since then. I'm confident it's for the better, the much better, but we still had to digest the change.
Not to speak for Manshoon, as he doesn't need anybody to do it, but from my perspective, he hasn't changed his tune at all. He's just done his homework and is stating what he sees. I never found him to be a blind cheerleader.
I also have concerns, but they are different from yours. My concern is, if we're moving forward so well on the scientific front, we should be hearing about a pretty well thought out business plan pretty soon. That's why I just don't want to hear about some new lab as being some big developement. That tells me we're still making a big deal about the developement of the product, when we should be close to wrapping that up.
It gives them plenty of time to put out some more news. Usually Thompson doesn't announce anything unless everything is done. I'm guessing there is alot of completed business that hasn't been intimated about in the CC announcements. Would be nice to see a hot news release next week. Still would give everybody another week to digest it and then discuss it at the CC. Totally reading between the lines and then consulting the tea leaves, but Hansel was quoted by somebody here as saying they wanted to get the 3 day weekend out of the way before moving on this. News-1st week of June....CC-2nd week of June.
After the first hour of trading, we're at about 185k volume. I'm hoping that the volume picks up a little bit anyway today. I'm thinking 1.5m would be a good number to move today. Pick it up to 2m tomorrow, and we'll definitely be all over 14 and change.
From what I understand, KBLB did not engineer that pump and dump last autumn, that was engineered by a 3rd party. I guess, keeping that in mind, and also the fact that the stock didn't hold those high prices for an extended period of time, my question would be...can a company release shares on a moments notice? If KBLB was taken by this pump unawares (not saying they didn't know it was happening, just saying that since they didn't engineer it, they weren't aware of it until it was already fully in motion), would they have had enough time to take advantage of those prices? Can they release shares on a moments notice if need be?
This upcoming PR has to address commercialization of Gen1 in some fashion, or it will be a major disappointment, IMHO, unless there is just something really big on some other issue. Just telling us we got a lab will be a major dud. Hell, I can lease a lab.
Good to see you posting again. Hope your move was smoothe.
Trying my best right now to live up to it. Getting hungry for some meat, however.
Thanks Sir. Like your blog also.
Considering we were told that there would be an alert of at least a one week lead time announcing the cc, that tip isn't too hard to confirm by just going with what we've been told. Do you mean the announcement of the cc date will be delayed until next week/month? I really hope we are addressed this week.
Agree that PR must have some substance. The assumption is that there has been a great deal of activity over the last 6 months. I also feel that, if all is going well, there should be a great deal of substance in the next PR. If not, it would be very disappointing. If all we hear is that we have acquired lab space, that just would not cut it.
Bid is starting to chase the ask, slowly but surely. Our man Saint has a good feel for this stock some days. Ought to be day-trading this thing Mr. Saint.
Oops! I'm getting in the middle of other's conversation, replied to the wrong person, and now probably am not fully comprehending their conversation. That's what I get for butting in.
He was commenting on your mis-spelling. You have "owes" when you meant "owns". One letter can make quite a difference.
That's fine Eddie, but don't say the rest of us don't want to hear something other than a bunch of day to day predictions. If that's all you want to read or discuss here, that's your choice, but don't say that is the way all of us feel.
LOL!! You're kidding, right?
That's what we hope, but honestly, I think that when this hits 40-45 cents, we'll start seeing alot of those shares back on the ask.
If we don't, $1 here we come. This would happen, in a perfect world, if in this next PR, Thompson doesn't announce that we have achieved pure spider silk. If he could follow up in July or August with a PR that announces that, it could get down right crazy. That's why I refuse to sell even one share. I will not get gapped on this one. I know in my blood that we got the real deal in this one.
It's totally due to a wait and see approach that's going on right now. Say what you will about Mojo, but he typifies this. He won't buy in until he sees positive action taking place. He wants to see what is going to happen with this upcoming PR and CC. Most penny traders are just like him. Wait and see, jump in when the action starts, and get out when the action burns out. Honestly, that is the proper approach with 99.9% of all penny stocks. You, me and a bunch of others are saying..."This isn't your normal penny stock". I'm standing firm with that attitude. I truly believe this one is different.
That's my opinion, and I'm stickin' to it.
We weathered that 250,000 share sale earlier in the day, and we're trudging upward. That wall of 255,000 shares that has been sitting at 14 all week has been taken off and parcelled out over .1365-.1395. With any buying pressure, we could bust that all up before we close today. Could be a surprising end to the week.
What a great board this is. The best I've ever been on. Thanks for helping with the info flow.
Thanks for that update. It fits perfectly with the thinking of many on this board. Just goes to show that alot of hard working DDers here have a good feel for the pulse of this company.
And it will be stuck in this 13-14 channel until news comes out. Looking at L2, it's totally filled in between 13 and 14. It only amounts to a couple hundred thousand shares, but it's trading so lightly right now, it won't be able to break out of that channel without an aggressive trader. Not saying somebody couldn't come along and snap it out of there one way or another, but there hasn't been any indication of someone coming along at this time to do that. The spreads on lightly traded pennies can get pretty wide, but this one is just tight as a drum right now.
I'm kind of expecting Thompson to announce they've achieved pure spider silk in the next PR. Just my personal hunch. But I agree, if they haven't achieved it, they're close, very close.
We are right about back where we were just after the SIAL deal was announced. This is looking good. Come on Thompson, bring it home!!!!!!!!
Like I said, I have to get over it in my head. If Thompson wasn't handling the shares he has sold in an agreeable manner, I would probably address it one way or another with him. But his actions haven't given me any reason to question his handling of company finances. It's just a "thing" I got. I'm sure if the a/s were brought up in the CC, the reply would be the takeover defense assertion. You really couldn't argue with that as that is the traditional reason for excessive a/s's.
That's a nice chunk. Obviously, we all wish you the best of luck.
Mojo, that is such a near-sighted post. Building a company takes investment, the funds for that investment, if the company is a public company, come from the sale of shares of stock. You have to analyze those sales and assess their viability. You're just basically saying...dilute bad....sit on your thumbs, good.
What do you want?
One more thought on this "pump". Though the purpose may very well be to support the price while the company dilutes for operation expenses, the other side of that coin is that it could very well attract good, new money, perhaps developing some additional new longs. Though a number of those diluted shares will undoubtedly get into the hands of flippers, some could find their way into lockdown.
The only way we get out of this 12.5 to 13.5 trough this week is if Thompson addresses the masses. Without that, you may see a slight selloff Friday afternoon. Maybe even test the mid 11s again.
Too many willing buyers in the 11 and 12 cents range. Can't see sellers losing that kind of faith, where they'd take 60 cents on the dollar simply because a conferance call is delayed. It will take BAD news, not simply NO news, to get this below 10 cents again. The silence would have to be VERY extended, and it would have to be accompanied with some serious negative speculation to get down to 7 again.
If Thompson uses the proceeds from dilution responsibly, which he has given every indication he does, and will in the future, a pump, pre-dilution, is advantageous to us longs, as he can then dilute less to gain the same funds. If you see him taking some of those proceeds off the table, then you have concern. He hasn't shown any inclination to do that yet.
I'm sure we have all been in other pennies before, and we've seen any number of "pump and dumps" where the principles have flooded the market with shares for their own enrichment. That's when you run for the hills, and don't look back. Thompson, as far as I can see, and without being in his head, hasn't even given indication he has considered something like this.
This post isn't directed at you, Taco. I'm responding to the content of your post, not to you personally. I know you're totally on the same page as I am on this issue.
You want to see a penny stock where the CEO has absolutely blistered shareholders for years? Check out IMGG. I know we're not supposed to discuss other stocks on this page, but it's pertinant for this discussion. Thompson and the CEO of IMGG are diametric opposites on this issue.
Really, the a/s has been my only gripe the whole time I've been in this stock. I understand why it's there, and again, I feel real comfortable with the way Thompson has handled the shares to this point, and am very confident he will handle them properly in the future. It's just something I'll have to get over in my own head. It's just such a damn big number, and I'm sure it gives some potential investors pause. I'd bet you'd see some positive action on this stock if Thompson would just retire some of that a/s. The only gamble I feel like I'm making on this investment is that he won't dive into that a/s for any unnecessary reasons. His actions to date make me feel like I'm making the right call. Not to mull the issue, but I wish he'd retire some of them anyway.
And Thompson's use of the shares is key here to shareholder value. There seems little doubt he has the product, but how many fingers are in the pie is the real issue. To date, he has done a great job slicing the thing up. He just has so damn much dough (a/s) sitting to the side. I wish he'd throw a whole bunch of it down the garbage disposal.
It really is time to go. It's like the 4th of July and everybody is waiting to light off the big one that was set aside for the end. There has been alot of "oohs" and "aahs", but now we want the big explosion.
It's like they just changed the date on the last one.
Why do you think they haven't found a buyer?
A smart politician? Oxymoron. Totally different kind of smart.