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“Double up”
At a minimum… timing sb right, too, for those that don’t like waiting…
Until they are not .. calling all jurors!
Agreed, Banana. You hit the nail on the head so to speak. Earnings are here and shares are super cheap!!! .. Actually I’d say Revenues and ‘Largesk’ Gross Margins .. and Earnings will follow shortly there after .. but why quibble.
Isn’t that the sneaky beauty of using a small percentage and marketing for higher end clothing .. thus able to charge higher end retail for the new novelty of it. .. thus 10% Spidersilk product needs on 1/10 of production to create the same bang in the retail market. .. might even beat selling to the military .. first to mass market gets the favor over others … I find Red Bull absolutely disgusting but they aren’t going out of business despite every other energy drink on the market being better tasting .. at a minimum.
So, you are betting on a shorter time than I said .. since you seem so sure, you want to give me all the way to end of 2023?
No matter .. the sp will rise a lot .. that’s all I care about for this year. If they aren’t bought out in the next 12 months, then we can have conversations about production levels.
I know this has never been in Kim’s repertoire but I think the vagueness can also be to actually bring a market surprise when they are ready for ‘go time’. We’ll see.
Wow. It’s quite shocking how the lowest, weakest possible outcome for 2022 is surmised from 10-K. Glad that at least some in the market today thought otherwise.
You have pointed out excellent sources that should be trusted to tell us the path KBL and Prodigy are on. .. I think faith is not for everyone .. and there are some justifications for this lack of faith when looking at the past. Kinda weird to not see the good that’s coming when it is all spelled out. When seeing is believing, it can be not as profitable especially in this case. You have to anticipate to do really well .. I mean unless all you are doing is buying once and holding for the ultimate outcome. .. I bought heavily in Spring 2018 to early 2019 when I saw them finally getting into Vietnam. And lightened up in 2020 until the end of 2021. Now, I see the fundamentals coming again into play .. anyone can if they are looking at the plain text of the documents that you mentioned.
I bought 50k of them, I guess.
Lol. It’s March 11th. ..that’s a stretch.
Sure would be nice if they started it out with the customer in Jon’s closet .. Polartec-like.
I get you. I’m tired of the bs .. let’s get that tonnage flowing this year.. that sp will be singing beautifully higher.
See my just posted quote on Jon .. Dec. 2nd .. looks to me that tonnage production was in the cards with this new equipment.
If you look back, I believe 10x was thrown out .. I think that is revised upwards now to 20x to 50x.
Dec 2nd, 2021 PR:
“With the beginning of fourth-generation production at the new campus, we are exactly where we need to be,” said COO Jon Rice. “The measured and staged growth plan that we have put in place for this new facility has proven to be incredibly effective, resulting in consistent and reliable capacity expansion. Later this month, we will begin the next evolution of our operation with the opening of the onsite laboratory. This new lab will allow for in-process genetic screening and the tools to immediately increase our output by at least ten times and our vision of metric ton scale spider silk production.”
Didn’t a glove get made? .. 2013-2015 was a sad time in KBLB’s history. From Jon’s arrival, things picked up. I believe he got the Army contract. That bridged the way for Ken Le to get us into Vietnam. They are in Vietnam now. .. I’d say it’s a completely different story.
Yeah, that’s from this year forward. Let’s hope and pray that they don’t need any more lessons to learn in scaling to tonnage.
Great IF they finally made it like that. That wasn’t the case 2 years ago. They probably learned enough through trial and error to make it so now but it wasn’t so when they reported their failure in Jan 2020. And from that point, they have chosen to go small for one good reason .. they weren’t sure they had drop-in and needed to test everything out with small batches before going big again. .. now FINALLY they decided to install the equipment to go big .. so, that tell me that they do believe they have it all worked out now … FINALLY. So, from a today forward that should prove itself true. Let’s see. I’m certainly loaded up and very hopeful 2022 is the year.
I gotcha but they were close to that a while back there has been time enough to break the barrier. So, I’d you just don’t know for sure. .. you could use an ‘as of’ date a while back but can’t say 100% sure for today.
Tsk, tsk close enough. And, we can’t be sure that threshold hasn’t been crossed. .. still, it’s a far cry from tonnage by mid-Q3 made in May 2019. Or the more than 8 metric tons forecast Oct 28, 2019 for 2020.
I guess it wasn’t so easy as they thought .. eg drop-in
Touché. .. it’s still better than some want to think here.
The premise that you have is the same as I have .. it is why we loaded up in 2018 and made money in 2019/2020. I chose to hold my bags in 2020 but it’s the same premise that has us loaded up again late 2021 into 2022. .. you can look at the PRs and see that .. you don’t need any insider information. .. and yeah it could still end up egg on the face as these guys have a knack for failure and if not then delays that end up with less than promised.
“ usually the info they get means nothing to the pps...it is about machines bought or the fact that workers will be trained in its use and other such nonsense...”
Exactly .. immaterial information .. and anything forward looking is neither material or immaterial as it hasn’t happened and as it so often happens these folks with the so called insider information are just plain wrong about their forecast for the future as we have seen plenty of times since 2019. .. and I’m sure guys have seen it go on much longer.
Aww. Gotcha. :)
And, I just told you small is a relative word. So, is considerable by the way. I was simply saying don’t take small as minuscule. Insider knowledge is the difference in material v immaterial. And, forward statements are material or immaterial as they haven’t materialized. You should understand materiality thresholds. If you don’t, you understand nothing about what you are talking about. Btw, the company already gave us what the 1st year should look like back in Oct 2019, I think. Did that materialize? No. So, you don’t like what I am saying.. you can do whatever you wish .. it is immaterial to me.
Perhaps. But, I don’t see any benefit to ‘insider’ buying that never sells for 10 years .. where they were told time and time again that this was the real deal and would be a splashing success like the PRs do and hold all the way up to .50 twice and still never sell a share. Seems like kind of foolish to me .. you could be dead before this company is ever actually sold and you can ‘claim’ your profits. That is zero logic to me. But, hey whatever floats their boat. .. actually the quantities seem to be not so material for the owner of such knowledge. .. as small does have an encompassing meaning for it and certainly when compared to 20-50x … still you don’t get to know the exact amount. If IR could confirm it for everyone, that would be nice. That would help everyone to know what 20-50x means .. but everyone shouldn’t be thinking less than monthly tonnage .. I’d think. Then again that might depend on whether or not 20x or 50x is achieved. … and since it is all forward looking in that regard.. well, I’d say it’s really not something that would be insider material knowledge. The other thing in that regards is that there isn’t ever any past validation for these future statements. … aside from ‘small’ shipment to Michigan a year ago and ‘small’ to Kings Group last month. Woo who … so we all wait and see if anything really comes of it all.
Your estimate is wrong. You are guessing. There are others that know.
A little but there were zero buyers from the PR news this morning and then some even sold it in conjunction with the market situation because the PR didn’t generate any buying interest.
No, it’s the opposite. This PR said we are a few months away from anything interesting and then market is falling and will clearly fall further. So, there was no buying interest in the morning and a couple people decided it was time to sell and free up capital for something better or just short the market with it. .. if they didn’t PR, there would have been more hope about a PR tomorrow and that would have better held up the sp.
The binding contract is the substance of things hoped for assuming both parties entered into it knowing that mass production was certain thing in their hearts and minds. I believe that is so. .. so, also, in this situation, there are time constraints for fulfilling that promise or it may become mute point if it takes too long. .. 2022 sb the year… but then 2021 should have been too. We can’t be talking about this same scenario in 2025.
Love it! Looking forward to that!
They are going down .. no threat soon .. more to come THIS year! Let’s talk in December.
If someone did nothing but sat on their shares for 12 years.. I can see the attitude. You have to trade around your core at a minimum. At least sell some when you see a big run like we got in 2019. Smh.
This is a key strength for Kim. .. very few people are all wonderful, Dr Graham, or all ‘idiot’, the current resident, .. Kim is no different. This is one of his strengths.
Okay, then answer actual question .. why did they understate it when they can tell the world now? What’s the harm? They aren’t bragging without merit. It’s a huge significant accomplishment and it was entirely understated.
As I see it, several hundred kilos is something to talk about. To say it’s just ‘small’ makes it not meaningful. Are they worried that going public about this will make them subject to corporate sabotage or something? .. when will it be ‘safe’ to tell?
Thanks. Finally someone addresses the question that I had. You didn’t actually answer it though. Why don’t they at least pump a little.. do they finally think ‘the market won’t listen anyway at this point. So, let’s understate it and then let Kings pump it for us.’??
Yes, I do know that much. They will be mixing and blending .. so what they produce won’t be 100% spidersilk .. it will be something like 80% cotton and 20% spidersilk.
I think I get it. Makes sense. .. it still kinda not answering why they can’t or won’t brag more about their accomplishments in the PR.