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But they were already on Nasdaq? I mean does it have to be a month ahead of the actual move to nasdaq?
So what's to stop Kim from PR'ing the RS the day before the uplist to avoid all the frantic selling?
It is starting to become apparent to me that we may have to wait until the uplist/shortly thereafter to get some big news (maybe it will be tied directly to the uplisting?). Just wondering what you all think?
Timeline wise, does the RS have to take place a month or more before the actual uplisting, or can these events be done concurrently? Perhaps there is a stipulation in the uplist application that lets the company wait until the very last minute to do the RS? It seems that this timeline could have a significant impact on the share price one way or another, but I don't know the specifics.
Anyone have any idea?
The radio silence is deafening. Harder and harder to tune it out. No responses from Ben, either. I hope everything is moving forward as planned. Can’t. Wait. Much. Longer!
$20-30 per kg of garbage material, yes. Super strong spider silk will command a much higher premium. Cmon man!
That sounds like ridiculous false advertising to me.
I thought they said they were using DS 1.0 for Vietnam?
That would be awesome if it was DS 2.0
Pretty sure it’s DS 1.0
Are we on track then for big news before the end of October so we can make the uplist with a smaller RS? I certainly hope so, but it feels so strange that he would be cutting it so close to game time. If he wants the share price to explode now to get us to a healthy RS and uplist, we are running out of time. I am still optimistic but never in a million years would I think we would sit in mid October at 20 cents. Maybe there is more to the grand plan than I am privy to.
What do you think?
His out of office says he’s back tomorrow.
I think you are saying that the lack of communication is part of the security measures taking place?
Truth,
I'd like your take on a few things if you can.
1. Will we get some clarity soon? Next month? Next year? Never? We are getting very close to the Thanksgiving uplist, and it is hard to see how we will be successful there.
2. Do you think it was a mistake to announce the potential RS? Unless there is something I'm missing.
3. It almost seems to me that news has been purposefully vague to not let the share price increase. Heck, we've been stagnant-to-down for months now, and now that we are in mid-October, still having heard nothing earth shattering, it is hard to relax and trust. I just wish we had a bit more communications, unless they are doing this on purpose.
I discussed some of these with Ben, but he was very vague as well. Any input would be great!
What a relief to have some fun once in a while. This board was getting pretty heavy. Not heavy like lots of pounds, but heavy like they say in Back to the Future, you know?
I am Kim. Hello.
I think they also called them ‘highly specialized’ when they came out with the PR in January (I think) about shipping eggs to Vietnam originally.
They delivered the eggs to their subsidiary, no payment.
I guess Jon meant Tuesday and not Monday as ‘early next week’...
Maybe he could RS every Friday from now until the uplist? Yep, that’s probably what he’ll do. Holdin...
Looks like almost 1M shares on the ask at 0.225. What does that mean?
Doesn’t this go directly against your claim saying huge news is coming next week?
Anything from Ben?
To further your argument, this was from the 9/13 PR:
“MyTechMag’s award comes on the verge of a very exciting time for Kraig Labs, as we expect to soon be formally launching commercial scale production of our eco-friendly recombinant spider silk,” said CEO and Founder, Thompson.”
Formally launching production soon could be interpreted to mean that we already have informal production happening already.
Hey Web,
How many buys vs sells today?
What do you guys think has been happening for months and months since our eggs were shipped to Vietnam? I don't understand why you don't think we have produced silk already.
Well for the record, Jon did say ‘hundreds of kilograms’ at the shareholder meeting. Hundreds of kilograms comes out to thousands of yards of fabric per Jon’s calculation at the meeting, which seems like a good amount.
Fair enough, and hopefully it is ‘totally’ for good reason.
I didn’t say we have tons stored in a warehouse. I said, use your context clues on the PR to see that production is already occurring and that they are moving it to the new factory. Production is already occurring, my estimate is that hopefully it will be nearly a ton. Maybe your estimate is less than that, which is fine. Either way, there has to be some amount of silk made already. The worms have been there for months and months under the Phase 1 pilot. That was successful, so they approved Phase 2. Phase 2 ideally will make tons of silk. We are somewhere between these two right now. It is obvious that we have some silk, although they are keeping the amount somewhat close to the vest.
What I mean is, I think Jon is focused on bigger fish than the first production batch.
We have been producing the first production batch already (hopefully close to a ton, we’ll see). This factory is set to produce 100 tons a year that I believe was stated. So in my opinion, the first production batch is close to being done, and this focus on throughput etc is for the factory moving forward to try and hit the 100 tons per year. This is all looking good in my opinion.
Actually they say there in fact IS production, and he is there to transition the production they already have to the new factory. So this is very good news and it is apparent that they have in fact already been producing. It is even stated as such in the headline. Cmon guys.
Web, who in your opinion is the strongest player in the spider silk industry?
I certainly hope you are correct, and that we find out soon.
I would see October and November through before making any rash moves. KBLB is about to change in a big way, and talking with Ben has given me confidence that everything is moving forward as planned. There has been no indication of any major issues or delays on the production front. That is what everyone is waiting for IMO, and Jon is still sticking with his Q3/Q4 prediction, which is super soon. No one knows for sure of course, but it is looking like our wait should soon pay off.
It seems like many feel that next week could be a good week. Can someone post their thoughts and reasoning as to what they think will happen?
How about the father of the boy who doesn’t win has to mow the lawn in his wife’s Sunday dress?
That’s why it has been so quiet lately. Going from 0 to 1000 takes some time. Almost there.
Probably Jon.
He responded to me today that KBLB had no part in the event. As much as it seems exciting and kind of a bummer that it is not us, I still think we are on the very near term verge of great things, and the fashion show pales in comparison to what KBLB is close to achieving.