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That is correct. Kim can go in a number of different directions. But the point of my post was to show people that the Post Effective Amendment was no indication of what Kim is doing next and held little significance, unlike what your earlier posts were trying to elude to. Unless, of course, you weren't being nefarious and thought the amendment was something significant. If that's the case, I apologize about my inference.
I disagree. CSC can't place that many shares for sale in such a short amount of time and not expect any movement. Putting $200k for sale (about 2.8 million shares at current share price), would likely crash the share price far below the 20% premium that CSC got them for, especially if they are trying to make quick sales and re-up on the next put. They would certainly be losing money this way unless daily volume from other traders increased dramatically. So IMO, i think you are wrong. They could not trade the way you are assuming.
I agree. Which is why I said they could run their business on far less money then the total proposed value of the prospectus.
Further more, IMO, I don't believe Kim will be able to use up the entirety of those 38.8 million remaining shares before June 5th, 2017. Not because he wouldn't want to, but because I don't believe CSC runs their operations with that type of cash flow.
Essentially, CSC could run their entire company with about $500k (nothing near the $7.5 mllion dollar proposed value of the original prospectus). When Kim places his put, CSC gives him his money then sells their shares shortly after. They use this money from the sale of their shares to fund his next put.
This is all just my opinion. They could very well have the means to give him the remaining value of the prospectus.
I think you are misreading what the Post Effective Amendment was about on Thursday. There is no new 110 million shares. This is the same maximum amount of shares that is allowed to be registered according to the prospectus filed on June 5th, 2015. Of which, Kim has registered about 71.2 million. Which means he has about 38.8 million left that he is allowed to register for this current prospectus.
For better or for worse, he only has until June 5th, 2017 to register those remaining 38.8 million shares. He is only allowed to place 2 puts of up to $200,000 per month unless he and CSC make an arrangement where he can put more.
This doesn't mean Kim can't sign another agreement extending the time period to use those, or even sign a completely new extension. However, the Post Effective amendment filled on Thursday is neither evidence for or against any of those scenario's (unlike what some want you to think).
I hope this clears at least a little bit up about the recent filing.
You are reacting exactly how some want you to react.
It's an "Amendment" to the S-1 from 2 years ago. All they did is update it with the current numbers (i.e. shares left in the prospectus, shares held by non-affiliates, etc). They referenced the s-1 in their recent filings so the SEC requires that the info in them is up to date. They did the exact same thing about a year ago.
I encourage everyone to do their own DD as to not serve other peoples agendas.
Although, on the flip side, joint-stock company (JSC) is nowadays synonymous with Incorporation (Inc.). And since Kraig Labs is already an Inc. in the USA, maybe Vietnam uses the JSC title instead.
Regardless, the heavy hitters on the task force are enough proof that things a very serious in Vietnam, and that significant progress is being made.
I believe there are different rules of reporting depending on if the subsidiary is wholly-owned or not. It could be that even 1% ownership by some entity in Vietnam would allow them to not disclose.
However, I can't think of any reason why Kraig Labs wouldn't disclose of one if they had it finalized already. According to their latest 10-K, no subsidiaries have been made. So if we do have one, it would have been finalized in the last couple weeks.
I think once the ERC is granted, we will receive news of the subsidiary shortly after.
I've never heard of the actual proteins being assembled at the posterior end of the silk gland. If you have any literature on this I would be very interested in reading it.
I always thought that the fibroin proteins were completely synthesized by cells on the inside wall of the silk gland and then secreted into the silk gland and stored. The phenomena that happens at the spinneret (ie change in pH, humidity, etc) was to rapidly expel the water content. I also thought the tapering of the glands was to orient the proteins in the same direction so the long chains share weak bonds (Van Der Waals interactions) hence giving the silk its strength.
I had never heard of the actual proteins being assembled at the working end of the silkworm.
I will have to research that but if you could point me in the right direction, I'd appreciate it.
I was mostly referring to mass production. I shouldn't have referenced David Kaplan as his experiments are still very small scale.
I disagree with this because in the long run, if its cheaper, then you do it.
Regardless, some of these discussions my be irrelevant because the best and most cost effective method will eventually win out. Hopefully it Kraig Labs!
After reading the Eurocham website, I was worried that they only cater to European investment so I didn't want to get my hopes up since it seemed like they were the ones putting the meeting on.
but after your responses from Ben and what Lebbe has added, I feel they will be addressing this on monday.
Thanks again for all the dd that gets done on this board. I know I lurked for a long time but now feel comfortable enough to join the fray
I respect your opinions a lot but I believe you may be wrong on this.
I have thought about this quite a bit and I believe for producing large amounts of liquid silk protein, dissolving the silk cocoons or fiber is much easier and cost effective. That is why David Kaplan uses this method for producing liquid silk proteins for all his experiments he does instead of using the fermentation method.
There are ways to dissolve silk from a fiber without breaking down the structure of the protein, therefore not compromising the mechanical properties that liquid silk is used for.
This is one of the reason why I don't agree with the notion that companies like Bolt Threads and Spiber will find a niche in the liquid silk protein arena.
liquid silk could even be cheaper than silk fibers one day. If you think about it, the expensive part of creating silk is mostly the labor intensive reeling process. If Kraig Labs wanted to make liquid protein, they could just wait for the moths to emerge then throw the cacoons in a bath to dissolve. Or, the less humane way, once the worms are big enough, throw them all in a blender and centrifuge out the proteins since the silk gland inside is 30-40% of their body weight and already liquid.
Regardless, I've discussed this with you elsewhere and I feel we agree that scale up for mass production of proteins using fermentation is cost prohibitive (and not even close). It works for the biotech industry because the proteins they make are very valuable. 250 grams of a protein used for pharmaceuticals is much more valuable then a shirt that was made with 250 grams of a protein using the same fermentation process. I've discussed this with a couple scientists at Thermofisher and they agree.