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What information would you like to have seen? Do you know that they new the exact air date at the time of SS publication, or just some time prior to airing?
If they knew prior to SS, then I agree, it would have been nice to plug the show and that's a great medium for which to share that information.
Again though, if/when you see it, it's nothing that investors need to see. It's for the public, and it's well produced (as opposed to the Ruptly piece).
Well, to be fair, it's not a material event. It's a 3m segment with very little information we didn't already know (if any).
A nice notice, but nothing earth shattering. You can get a free 30-day Hulu account to see it for free, but I would save your time. It's nice to see, but nothing to note.
Response from their Twitter:
You can find that episode of #NatureKnowsBest on Hulu + coming soon to Amazon Prime. Or learn more here- kraiglabs.com
http://www.hulu.com/watch/1006248
Trust me, we have the best silk. I know these silkworms, and they're going make us such bigly silk, you won't believe it.
Cool find! It would be great if Kraig could somehow capture internet searches via keywords to direct people that may be Googling the possibility of such a thing.
CSC sells into the open market don't they? What's your insinuation?
Ha...I don't think that Kim Jong Un could write our PRs any better.
We have the best silk! Don't worry about numbers or third party verification! It's A+ Number 1 silk!
I don't see money as the main barrier to commercial production at the moment. Indiana is producing at maximum capacity. The problem is SCALE.
Kim's lack of business acumen in Vietnam is our main hurdle at this point. Once we get approval there or in unnamed Country #2, over a year after his first predictions of having it done (see October 2015 communications) we'll see a major pivot in the production pipeline.
Until then, potshot PRs with no numbers or details.
Why PR this now rather than when you have numbers? This is like an iHub post.
It's not ready for scale-and-sale yet, and they specifically note how the new fabric can be combined with DS.
KBLB is not a silk company, it's a genetic modification company. Never stop the R+D. It doesn't distract from commercial efforts, as it happens in the lab and not with the same workforce as would be making DS.
Never stop inventing, unless it impacts your ability to deliver product.
I'm with you there. The devil is in the details.
They've been very clear that it is not the only International option being pursued. Your fear should be alleviated on that front.
I disagree. The newsletter is nothing and will never be anything but a quarter summary. No gain for waiting.
Email at 7:04. Nothing of importance as expected. Hopefully news tomorrow
As the clock ticks on for literally years.
We'll see if it's worth the wait. Personally, I'd take less now than more later after the years I've been here. Only my opinion. Bird in the hand, so they say. You're not wrong to have your opinion, nor I mine.
I hope for all our sakes Kim has a real plan to get this moving soon, because so far this year, we don't appear all that much closer to mass production as we were in 2015.
Things are broke. Granted, KBLB is not doomed, but perhaps that isn't the best phrase here.
Break the company down into R+D, commercial production, and public relations and I'd argue KBLB lags woefully behind in 2 of 3 divisions. We're a great R+D company, but due to our comically bad public perception, nobody is giving us the money we need to get commercial production done the right way. If KBLB had an ounce of a public persona beyond our lawyer-speak PRs and our "newsletters" we may be able to break the shackles of CSC much sooner. Alas, we toil as a joke or a pipe dream in the eyes of the market and it's TOTALLY on Kim to make it all happen.
He didn't need to shoulder so much of the burden, but to his lack of respect for image, now he does.
Hear, hear.
I believe, and correct me if I'm wrong, that the "it" there is referring to DS, not the video.
Odd jumpy edits throughout, that struck me too. Hopefully a minor husbandry point while training new employees.
I wonder who is training...Malcolm? I doubt Kim or Jon are expert worm rearers.
Two thoughts:
1) It doesn't seem to fit the MO of an E-News portal based in Germany funded by Russia to choose KBLB to be part of a children's program, considering the tenor of their regular coverage.
2) The timing isn't right. Q1 SS was pre-Indiana facility, and this was filmed very recently as there are employees already working.
My gut says this footage is unrelated to the 'doc' footage. This looks and feels like a news blurb.
And why, of all news outlets, is THAT the one you let into the facility with your top secret genetic stock?
(And why didn't anyone tell Rice to take off his silly Bluetooth headset? He looked like a real square haha)
With friends like these...?
http://m.spiegel.de/international/world/a-971971.html
I'd LOVE more, but I'd skip to the bank at 50 cents
To that end I wonder if being at full production capacity at the IN plant would open any doors to any introductory buyout offers. Dupont could tour IN, see the worms, see the fabric (after it was processed and returned) and maybe they'd just scoop us right up on a good day...
Wouldn't be bananabob prices, but I don't need $5/share to leave here very happy.
For some, a bird in the hand is worth two in the bush, and that's okay. It takes different strokes, as they say.
This was simply an update PR, and a good one at that. I completely agree with you here. Knowing what they're putting out in lbs/week or the square footage of the lab is completely irrelevant to everyone but the Army and other customers. As an investor, I don't need that information. I'm sure the Army, WM (maybe), and other customers have ballpark timelines.
They stated that they're at full-working capacity for the facility based on their plans. Therefore, it is what it is, and what it was meant to be. It's not normal KBLB 'ramping up', it's achieving maximum capacity for the site, which is all anyone can ask for.
I can also understand with 'friends like these' why Kim and Co. would want to just keep their heads down and keep working at full capacity without sticking their neck out too much by giving even a tentative timeline.
PR when Army ships and announce who the next batch is for and maybe we'll see some PPS action!
My exact sentiments. Great news, great update, and WHAT THE HELL IS HAPPENING ELSEWHERE THEN?!
In all seriousness, I think this is great to hear and like I said last week, I think their experience in IN will be a great guiding force as they scale up in their other countries. At least we know it can go quickly without red tape....Hopefully Mystery Country #2 will be more like IN and less like VN.
100% hear, hear
You're being pedantic and facetious if you can't see that 2016 can only be considered 'To Date'.
2015 predicted VN production starting and two major contracts announced IN 2015. Now we're in 2016 and we have the Army (which is great), but no VN and no second contract yet.
That's (nearly) 1 year and counting. We're not talking about a few weeks off of estimates. It's almost a year later from the October conference call that was delayed time and time again, and we know 0% more about VN or the second contract that was slated for Q4 2015. Obviously, those things appear to be linked. And very clearly, KBLB forecasted their completion by Q4 2015.
If you want to give them an 8-month pass, that's fine for you. We don't all have to be so flexible in our opinions. Either way it won't make Kim go any faster, but it's every persons right to feel that the company either met or didn't meet their projections based on their own merit.
We disagree, and you give them a LOT of slack, you even admit that yourself. They were forward looking statements, so you can just write them off as that, but I want more honesty and substance in my communications than you I guess. If you miss a projection, talk about it, don't just ignore it for 8 months.
I agree, and that makes me so incredibly wary about when the earliest we can expect to hear anything really good would be...Based on company communications we don't appear any closer than we were last year to sustainable, high-volume production.
IN is for the Army, they can optimize the conditions and scale up a BIT, but nothing that UA/Nike would need. We've picked a second country (???) but to date, we have some bureaucratic folks just asking questions, and VN has had no material updates in over a year. They announced the office in the CC in 2015. All they've done is signed a lease.
We could be farther out than some realize, or closer than I'm thinking depending on what kind of news they'll release in what succession.
Either way, 2016 has been a big letdown based on what 2015 suggested. We'll see if they can rescue in the fourth quarter.
I agree, interesting. If not on site, then where? By whom? WM perhaps?
True, if it's just for the care of the worms, perhaps it's not as critical. I'd love a really professional setup from top to bottom, with entomologically-trained (or hobbyists) silkworm carepersons (could still get that but not likely), but maybe that's not realistic.
You do need someone that has a keen eye for minute changes in behavior, size, etc. But that's the challenges for staffing any job I suppose.
Point rescinded.
I would have hoped we would have sprung for more capable/knowledgeable employees...
High School/GED as the only requirement sounds like a recipe for inconsistent silk possibilities.