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Seems fairly logical. I would have done the same but I would not announce it in advance and have the pps effected.
Personally I would have put the fireworks and the RS announcement in the same PR.
I would know at that point if it was needed or not.
The way I see it is "anticipation of death is worse than death itself"
By putting out a potential for a 1:40 months before the decision is going to make the share price have a lower ceiling.
Coming out with a contract and deliverables with a production capacity estimation would overshadow the 1:10 RS that was in the same PR.
IMO that PR followed by a SM where we vote on directors Kim has chosen and we would be over a buck and well over $10 after the split.
The vote would be moot like they all are but it would give the SH the feeling that they had a say
The board approved it before it was expanded.
Kim was the board and Kim approves of the RS or he would never mention one.
That's like putting out a PR that says "KBLB Announces bankruptcy lawyer joining the team just in case bankruptcy is needed"
You dont put out a RS announcement unless you are going to reverse split.
JMO.
Cavet....he puts out a PR saying Jon reported for work and is doing his job.
So maybe he would announce a RS for no reason.
Hes always been bad with PR.
Either way it really isnt worth arguing about since we have no control and only have to sit here and get rich
Have not really paid much attention to the warrants since until recently I didnt see any reason to excersize them.
They could do that now and make out well.
But you are basically saying Kim is going to forgive 3.5m in debt and then issue 3.5m in shares. Then do a RS. And uplist?
I can see that but I dont know if the pps can handle the pressure.
Debt forgiveness would bump it up a little bit. But $3.5m in shares at .06 is 60m shares.
That's a good chunk of dilution that would put a lot of down pressure and the the RS after a bunch of dilution means a substantial drop.
There is a taste of scam in that process that wont sit well on the OTC.
It's possible but honestly do you see Kim giving up $3.5m in debt?
Guess we will see but I am not fixing to buy till the dip. I am happy holding what I have and waiting for a market overreaction
Debt forgiveness can do away wit the -$3m and the SE would be zero.
Then they need $4m in assets with no liability added.
And the $2 price is not a possibility
I agree with you jet.
Kim must know a way.
I certainly dont. That's kinda why I asked. Kim may be a genius but so are a few on this board imo.
I was hoping one of the genius subjects would be finance and they would know what Kim knows.
I have just never found that person.
My brother in law is a lawyer for the SEC prosecutors office and I have had these discussions with him before. His responce is funny. He said "nobody really knows the rules. Lawyers pick the rules they want to follow and they succeed as long as another lawyer doesnt point out some other rule to stop them"
No I am not just now researching. This is far from my first RS and uplist OTC stock.
The reason I am asking this specifically is because your responce is the ONLY responce I have ever seen.
Normally it is a single figure with no explaination and a link to listing rules.
What I want to hear is the requirements you listed include a pps of $4 which currently require a minimum 1:30 RS.
So the solution to that share price is the RS
That is a out the only thing ever truly covered because it's the obvious downer.
Can you explain to me how you would expect Kim to go from a -$3m (or so) shareholder equity to a +5 million shareholder equity in the next month or 2?
I dont see him shifting the shareholder equity 8 million dollars any time soon. But then this part of public finance is where I begin to slip.
There are loopholes and sidestepping that are above my pay grade.
That is why I asked for more than the typical answer
I should add that if successful this will also be the first OTC that did a RS and uplist that actually happened and lived past 6 months
I think the uplist crowd needs to explain how Kim expects to meet listing requirements that we do not currently meet. I think Kim intends to uplist but I dont think it's happening before 2021
I could be wrong but have never seen the "NO" answers turned into a "YES" in any explaination
I know there are ways to skirt around some of these issues but I dont see how he can meet any until a while after a RS and production.
The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
YES
Also, the regular bid price at the time of listing must be $4.00, NO and there must be at least three market makers for the stock.YES However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
YES
KEY TAKEAWAYS
Major stock exchanges, like the Nasdaq, are exclusive clubs—their reputations rest on the companies they trade.The Nasdaq has four sets of listing requirements.Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
NO
Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
NO
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
NO
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
NO
A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
This is very true.
But really think about that for a second.
What has more protection a prison or a drunk tank?
The protection is needed because it is far more dangerous.
I have lost more trying to trade amazon than I ever lost on a pinky and I have never made a gain on a big board over any length of time that equaled a 1 week run on kblb.
They have the protections in place because that is where the real danger and real criminals are
The OTC is where criminals and traders alike go to learn
All markets are easily manipulated.
The difference is that on a big board the stocks are not allowed to be cellar boxed.
The players in the big boards dont want to manipulate themselves $10k. They want $10 billion.
Why do you think you can short big board stocks easily but not OTC stocks?
High frequency trading is done on big board stocks far more than pinks.
There are far more manipulators on the big boards but they do tend to counter eachother.
But when someone with a bit of clout says "company A is done for" EVERYONE jumps on and shorts it to death
Why?
Why would they keep it a secret?
I have not heard a logical answer.
I really feel like M will be a future client once we have a production line.
I think if there is a secret it's that there was no spidersilk on the models but the line will include it when available.
Sure they would.
Fabric itself doesnt really need the infrastructure.
It only requires a knitting machine or loom.
The thread you use in those machines is what needs the infrastructure no matter what the thread is made from.
Cotton wool or silk is basically the same. You need climate, habitat, pest and disease control etc.
Yes our fibers will be made into cloth but we will not be producing cloth any time soon.
We will supply either cocoons or threads and our clients will mix and match them with other fibers we dont produce to make the fabrics they want.
Yes we will do prototypes etc like our shootpacks but those also are made into cloth at a different business
Well unless he was just using it to stitch seams he would need a mill like warwick to make a blended cloth.
That's Ben's point.
I wouldnt doubt he inquired and the silk was too pricey at this point to attempt to do what he wanted.
If the cloth was only a percentage of spider silk it will never be bullet proof.
Not that any cloth will.
But it apparently was 0%.
But you are asking far too much for Kim to have to publically state everyone hes not doing business with.
Easy answer is when Kim says they are working with someone and he says it in a public statement...THAT is when they are using our silk.
Photo connections are BS when it comes to contracts
I think this statement...
"as opposed to spending the significant money needed to become an anti-ballistics fabric manufacturer."
Is simply because KBLB is not a fabric producer. We are a fiber producer. (If we are in production)
Someone like WM would take our fiber and make ballistic cloth for M.
Everyone expects bolts of cloth but Kim is more likely selling string when they produce.
He could even be selling just cocoons.
But not cloth.
Was thinking more about traveling time really.
I would guess most have a minimum of a 10 hour flight after the drunken night out. But wtfdik? I am no instagram influencer.
I cant come up with any better reason why socialites have not shared their night on social media
Kinda odd there isnt a youtube video somewhere.
But it may take a few days for people to get outside the country to share them publicly maybe.
It's also possible that he will be a future client and his concepts on the catwalk are mundane silk prototypes for items that will be made at a time in the future.
Best answer I have for your question.
Adults cant escape and breed interspecies because adults can not fly.
Not that it keeps them from walking but try as it might it isnt going to be able to get to the top of a tree to lay eggs on mulberry leaves.
A moths only defense is flight. Without it they are food.
Moths naturally breed in flight a wingless moth will not be a chosen mate of a flying moth.
Silkworms are extinct already for a reason.
They dont exist in the wild anymore because they just cant without some form of defense.
Any species it breeds with becomes flightless and cant survive without protection.
The way I see it if it was spiber or one of the others they would have PRd it just like we expect Kim to.
Nobody has mentioned it. So it's likely an NDA causing silence.
As far as I am concerned this is actually not a material event. If we didnt charge him and he made some prototypes it's literally just R&D. If he put it on the cat walk and says its spidersilk but doesnt say where he got it there is no material event.
A NDA is also a good enough to silence the material event point of view.
As long as when we are mentioned it's done publically there isnt a material event issue
Isnt like that asking how a corn farmer is suppose to make a profit without ads for Joe's corn farm.
If M is going to become famous and become a fashion icon hes going to need to get "spydasilk" somewhere.
If he sells $5b of silk shirts Kim sold 2 billion in silk
I wish they would "force us to pa back favors" a lot more.
They could really twist our arm and make us sign a Nike contract if they want
I contemplated the "token" idea. I dont think that "bullet proof" would fly if it was just a single strand in the shirt.
Also we know Kim is capable of working with people for years without anyone knowing. It's possible that M is the perfect match because being new he needs very little material.
They could easily delivered 50 or 100 pounds of fabric over the past year.
And I doubt he would need more yet.
If popular he will need it soon.
Another thing is with the blockchain sponsor there is a fair likelyhood there will be promotional sales.
Auction off M's first Spydasilk shirt for $13,648 and it could put KBLB and M on the map
JMO jet but Kim's marketing and polartecs marketing will be different.
The impression I get is you want polartec type marketing from kblb.
Polartec advertising is to you and me with videos etc to try to get us to buy their product.
KBLB is advertising to polartec not us.
If M makes spidersilk other high fashion people will want it.
So Kim needs to show the industry the interest in our silk not that designer.
In the near future I dont expect to hear from the company nearly as much as we do.
I only expect to hear sales etc and let our clients advertise to the masses.
As a start up I would expect to pr everything they can.
You made some very good points. A big one to me and my question about advertising is that no spidersilk company is advertising it.
If it wasnt KBLB you would expect BT especially to market it.
Spiber and amsilk are also fairly big on promoting their connections.
So it's very possible a NDA has them silent
I agree. Like I said in my prior post "bullet proof" can only be KBLBs silk.
But it could be a marketing exaggeration for spiber too.
As far as Ken goes I look at it this way...
If you wanted to use spidersilk in a product there is a very good chance you get a visit from Ken or another KBLB representative.
A photo with that representative doesnt mean a sale.
He could choose a different supplier and still have a photo.
I do believe that KBLB is the logical supplier considering all the info. But I cant help but see a lack of press as either an enormous mistake or a sign that we are not involved.
Either way is bad but only one way can cost you money.
The other is just odd but the pps will react positively after the show
No. They did not pirate anything or come after kblb.
Amsilk has been since 2008. Spiber I believe was 2006 and Bolt threads changed their name but they have been scamming people since the early 2000s.
Nexia came up with the goo process in the 1990s and if they pirated anything it was randy lewis" goats.
Fact is all can make spider silk, none of them can make silk with spidersilk properties.
The "bullet proof" sports wear is the one thing that tells me it is our silk. None of the others can even come close to saying bullet proof. Kblb isnt bullet proof either but it's about as close as you can get currently
It isnt about the stock market.
The mc Donald's McRib is a great example.
They dont wait to advertise it after the supply is gone.
They advertise it before it comes out so people can find out about it before the sale is over.
The designer could want nondisclosure but hes advertising spidersilk clothing.
I dont see the logic in advertising the silk but not letting the silk producer advertise too.
It makes no marketing sense.
I would think M would want their stuff advertised. Everyone else involved is tweeting and using FB to promote the event.
Waiting till its over to advertise it is a mistake.
And that leads me to the one question nobody is asking.
What happens here if the silk they are using is from Amsilk or Spiber?
I know that question will get me attacked. That's why I have not asked it before the show.
I only ask because photo connections have burned me before. A picture is worth 1000 words. But sometimes those words are misunderstood.
Think we have to wait for the BoD to be filled before Kim takes the next step.
I would guess we have a PR about them later next week if the fashion show is going to include KBLB. Otherwise they will be announced monday or tuesday.
Not sure if the 3 hires are all they need on the BOD but once it's full I believe their first order of business will be to uplist and get a PPS that will maintain the uplist price after financing dilution.
If the fashion show includes us I dont think Kim will need more than a 1:10 because I would expect it to hold .50 after that announcement.
What I do want to know is why Kim did not PR the connection if it exists.
AH press for our fibers in a fashion show would gap us up huge on monday and bring a lot of eyes to the show and our company.
Why wouldnt he announce this?
Canola oil is consumed.
For there to be regulation there has to be something to regulate.
Some form of feasible danger.
There is a feasible danger to GM corn oil if only due to ignorance.
But there is no danger present in a fiber.
Use it for sutures and there is.
But as a textile for apparel there is no feasible danger.
There is nothing to regulate against happening
I doubt there are regulations that impede a GM product if it isnt living or consumed.
A piece of string from a GM animal cant mutate or infect anything.
I would venture a guess and say most cotton is GM fiber.
I know 93%of cotton grown in india is BT cotton which is a GMO.
Its grown everywhere.
There are regulations on the growing but as far as I can tell once its harvested it cotton like any other cotton and not regulated any different
It will beat the hell out of an untouchable kimono under glass or a $400 tie for sure.
What I will be curious to see is media attention.
Spiber got quite a bit of press from their kimono and BT is run by a media whore lol.
Will KBLB get that same sort of coverage if their silk is in an actual product and not just a sample? Or will they get ignored like they do in most "spider silk" stories?
You really think the market could scare this back to below a nickle?($1.95/40)
I doubt that seriously.
I personally have not seen a legit RS where the pps fell more than about 30%.
If kim does a 1:40 today I dont see the pps falling below $5 before a bounce.
I would be buying as many as I could afford under $5
They were quite able.
And have already produced enough for a fashion shows needs.
I am simply a sceptical when it comes to photo connections. Although this one is pretty much believable.
I just dont think people should be expecting a fashion show to lead to product on the shelves in 3 months.
Most fashion concepts are not produced.
But getting the fabric out in the public eyes is worth millions.
Col I dont think there is a product line. JMO but most fashion shows are like car shows. The designers put out short run concept cars and evaluate interest.
If the interest exists they incorporate those designs into future product lines.
If M is using KBLB they only required a few kilos of material to product the concepts.
I believe interest will be there and the line will move forward to production but I dont see them putting it on a store shelf for at least a year.
They need an inventory before the release.
Red what is the connection between KBLB and M?
I know they are using spidersilk technology in their fabrics but what is the connection between M and specifically KBLB and not one of the other silk producers?
I dont personally think a big name matters much in the grand scheme of things.
It would bump the pps in the short term. Long term it doesnt matter as long as they produce.
I wouldnt hold my breath waiting fo the big name.
Kim said he had a lot of applications. If Bill Gates was one I doubt he would wait and think about if he should hire the big name.
That name would have been first.
Still good news. I didnt expect to wait 3 weeks for the announcements.
Maybe we can get the other 3 by next week and then start moving forward with the uplist
Its done.
The company is being sued and neither side is moving forward.
The asset was given away for next to nothing and Scott will never get it back. It belongs to Potts now.
Dan vaporized with what little cash was left. All those people screaming to buy cheapie vanished right along with dan
Someday someone will buy the shell and start a pump and dump but this property was never a world class mine.
It was a scam from beginning to end.
As far as I know the CTO is still in effect. But it was only in British Columbia
And shining tree is gone. They gave it away
Being on the verge causes it.
Everyone is always second guessing themselves and doubting they found that one in a million.
I got over that in 2011 lol.
Now all I do is read the PR that brought me here when I doubt that Kim has progressed substantially.
His forward split caught my attention and this PR made me buy "just in case it worked".
I can see that. But as a bigwig in the military he has 500k to throw around at a stock and I dont.
I started 10+ years ago with 600 bucks. I wanted that 500k so had to work at it.
So far the profits I have taken have allowed me to buy a few toys like a 3d printer and a model t ford. It has allowed me to start my own business and not require a 9-5 and when the pps hits a buck not only will I retire my kids could stop working when I die.
In the process I have become good with charts and imo very good with KBLB in particular.
Watching it every day for a decade is almost like learning a language.
I tried applying KBLB "language" to other stocks and it fails a lot
I saw that. It good things are moving forward. I am glad to see kim decide to do something to slow the pps decline.
That kind of thing will start building confidence.
In the past (as we hear too often) "soon" is the mantra.
Kim doesnt seem to be hindered by the inaction of others like while waiting for VN and "soon" was the only estimate available.
Hes giving time lines now.
At first I think the market will be a bit "blah" about these types of PRs.
They will think "ok I got 3 weeks to wait"
But as kim follows through people will begin to react to his timelines.
IMO it will more likely be next week as opposed to 3 weeks.
Kim seems to be attempting to under promise and over deliver lately.
I'm waiting to see how the market reacts to tuesday without a PR if it happens.
My bet is there wont be but I dont know if the "let down" will be enough.
This is the period in trading I find exciting but I am a gambler
When the pps is in the doldrums the conversation tends to get a bit toxic.
So I dont read much.
But the last month or 2 I have been very busy trying to finish off an ironman suit project I have been working on. It's close to done then I will be back boring everyone with price guesses