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I'd rather have charter news considering the due date, but I'd take army.
Thanks Sickzone,
Very good info. It would be great if Quang Nam Silk JSC and Ma Chau silk company become involved in this project. I can't see how they will survive the revitalization with subpar silk.
One possibility with financing that I don't believe has been brought up has been the amount of shares sent over to Kenneth Le for "consulting services". It is hard to gauge exactly how many shares he has received because the 10-Q filings never name the consultant the shares are being issued to. But I would venture to guess that Kenneth Le has been given a significant amount.
These shares that he has been issued may be what is being used to get prodigy up and running. Hell, Kenneth might even be allocating a portion of those shares to the co-ops in exchange for their services for now. Making these Vietnamese entities (co-ops, banks, reelers, etc) stakeholders with equity in this project will only strengthen it. And those shares could have easily been transferred to Kenneth with that intention, to set up shop (of course, some of those shares he would keep for himself). So the statement that "KBL has spent millions setting up shop", might not be true.
If this is what's happening, then the question is, what is the disclosure protocol? We've discussed that Kenneth is referred to as a consultant, and not an employee of KBL, so is what he does with the shares given to him grounds for disclosure? I'm not sure. But there is a real possibility that no money has been exchanged yet, and no contract for financing has been signed. The 3 co-ops could now all be shareholders by way of Kenneth Le's "consulting services".
This is just a suggestion. I could be way off base.
-GT
Hi Yankee,
That would be great. If that were the case, it could not only keep rates competative, but also indicate to the world how massive this project is.
VietinBank is also Vietnams largest bank
Nice catch Truth.
As of 2012, VietinBank was Vietnams 13th largest company.
Not bad, KBL. Not bad at all.
Hi Ocho,
Below is a quote from Q1 2017 Spider Sense:
I agree. Pretty good find by Kraig Labs.
No tantrum. I am actually impressed with the building and happy about it. Others think it should look like Dole's headquarters.
I'm not trying to start an argument. I'm trying to figure out what your expectations were for this first facility. What should it be surrounded by? how big should it be? is it bad that the building is metal?
I don't understand the points you were making.
The coordinates that Ocho posted are correct. You can see the center beam to the 2nd story in the satellite image. Although it could just be a higher part of the roof. The building is too big for you to jump to the conclusion that it is empty.
well done. I know theres no street view. I found it early this morning. big building
you still haven't found it
you beat me to it
Great photos Zen!
That warehouse behind them definitely doesn't look like a shoebox. This project is going to be massive.
Wish that blue document was zoomable ;)
Thanks
Hi es1,
Thanks for your response.
Great find!
haha!
I've realized that some people just like to hear themselves talk. Even if it's just to change their story. lol
EOD
Hi Pennies,
Thanks for sending this info.
The issue with Entogenics is they could never get the spider silk protein integrated into the structure of the silk. They successfully were able to produce the proteins in small amounts within the silkworms. So their silk never had any significant mechanical properties over regular silkworm silk.
Also, you can make almost any material bulletproof if you make it thick enough. In fact, Thai police officers have used regular silkworm silk for ballistics protection for years. It just takes a lot of layers. My guess is Entogenetics made thick shootpacks that performed the same as normal silkworm silk would. Just a guess on my though.
Thanks Yankee.
I know with physics, there are too many variables to just use generalities. Especially when discussing something very complex like a materials reaction to different sized projectiles at different speeds.
For instance, imagine how many people looked a shear-thickening fluid and would immediately say "there is no way it could absorb an impact because, I mean, just look at it, it just runs through your fingers".
I believe all of your examples aren't just possible, but probable. There will be many different blends when outside companies start working with DS and discover their own custom needs for their end products.
"Jon Rice, the Company’s COO, is in Vietnam this week reviewing the new facility"
I think this first sentence is very important. It says that we actually have a facility in Viet Nam. Up until now, it had always been that they were looking at "potential facilities". This is confirmation that they are already in a building. And I doubt Ken Le will be sitting on an empty building. Jon Rice will be inspecting the progress of this build-out.
I think this news, although fairly expected due to SickZone's dd, is much better than people are letting on. Once eggs arrive, like ES1 said, the countdown begins. There is no point in breeding a generation and then freezing them. Once eggs start hatching, it becomes its own force with a lot of momentum.
That is great to hear SZ. Thanks for continuing to dig. I'm curious to see what they put out. It at least seems like this is a priority to Viet Nam/Quang Nam and they a really trying to get the ball rolling. If this report is soley on KBL, that would be a nice vote of confidence.
No worries. It's a little confusing because I think you may have been thinking of Mountain Meadows. That's the company that they mixed silk and wool to make a..... wait for it...... beanie!