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It is NOT unique in any way to KBLB. It’s a common thing for all pre-production biotechs (or any industry for that matter - more occurrence in biotech obviously) or in this case very low production. Going Concern means nothing at all in this situation. I audited before and audited a pre-revenue biotech. It was in their 10K too.
Banana has a share buying program!!! It’s like an imbedded put option. Ha, ha. Love it. Perhaps, you can get as much Jon Rice’s 11 million!
Banana, I’m not going to go all the way back to every 10K since 2006. My guess is that it is in every one of them. Truth can probably confirm off hand though. Thanks in advance. :)
Yes. ... other contracts ... in other words there is a contract ... in spite of what spin doctors might say.
So, they didn’t move the April extension date. And, looks like everything still ok there. Of course, it is open to spin either way. I would say Army article that came out earlier in the week helps to the Bulls’ point. That delivery will be really big when it comes.
Mojo, I guess you forgot this post. You said that news wasn’t REAL news and wasn’t going to take us anywhere... just to bounce around between.05 and .07.
igotthemojo Wednesday, 03/13/19 02:13:30 AM
Re: hopeabides post# 150370 0
Post #150371 of 150852
"and good rumor on who might be heading up investor group one are positives that should be good for the sp."
nope...no one knows who ken le is...hell, I don't know who ken le is...do you?...
I know that he was probably instrumental in making Vietnam happen..im hearing hes rich, or well off, or has some kind of money from somewhere...I heard he has "reach" what ever that means...
basically, ive heard a whole lot of nothing about ken le...kim likes to keep things quiet...well hes succeeded with that where le is concerned...
perhaps hes well known to big money people...maybe warren buffet knows him....but as far as I can tell, his name wont raise the pps a fraction of a penny...
we are going to fluctuate between .05 and .07 until we get REAL news..the million bucks is a good thing (for kblb) as far as that goes..it portends something better down the road...
but the idea that a penny stock is throwing a potential 37 mil shares at someone for the risk of a million in cash is not going to make large investors or hedge funds jump up and say "oh my god, ken le is buying!"......hell, kim hasn't even named the buyer...
we need a pr that makes them think "kblb really has a shot at making it happen"....because the pr says it IS happening...not in the beginning process of making it happen..or redirecting the focus to making it happen...or any of the dozen other ways kim likes to use to make it seem that something is happening and imminent when it really isn't..
Hey Mojo,
Good to hear from you! We hit .085 without news. :) I know it was small trades at / above .080 .. 3 or 4 times, it counts. So, I guess you were wrong for once. :)
All the best! Next up ... your dime! Then, my quarter.
Not at all. It’s only a question of when not if ... assuming Kim doesn’t sell out too early in the process, which I don’t think he will.
Isn’t your estimate for this to be summer 2020?
Banana, some sellers are also long termers looking to reposition a few shares. :) What I am selling is also going to be bought back at lower prices. If it doesn’t work out that way, I’ll be blissfully happy with that outcome. I intentionally bought more than I wanted for the long term in order sell up here. I have over $1k in profit from that. Plus, I am holding profits from everything I added below .06, which is where cost basis is for each of those lots. So, I also have a hefty amount of unrealized profits. Since I am level now on what I want for the next move up. I won’t be selling until 10k or PR (unless we can move cleanly above .08 without one or the other but doesn’t look like it). So, I am buyer below .07 and seller above .08. And, when I say seller above .08. Small amounts will come off until I clear my initial investment out. I estimate about 60% at a minimum to be held from $.25 to $1 or more or a buyout. If I can manage to accumulate more shares somehow along the way along with taking money off the table at these lower levels (especially below $.10), I will do so. IMO, it is a more fun way to play along and reduce risk. That’s why I don’t begrudge Dragonsilk although I’m not sure he is trading around a core. He can speak for himself on that.
Are you saying KBLB would license out their technology to other players in other countries or do you mean KBLB would start up production in those countries? Or both? ... I am curious enough on this to ask the board... is this another way to go potentially... ie licensing out the IP to another player or two? If China is bound to steal, maybe get value from it before they do. May seem foolish if you could keep a lid on the IP from getting out for a couple years at least. Thoughts welcome. Thanks.
Es1, we got a couple low volume trades to .085, .080, and .083 the last couple days but nothing to sell even $2k order off of. The best for that has been something like .078. Are we stuck here without a PR or 10K? And, where is that 10K? Should be this week right?
The short interest continues to be extremely low in this stock (less than 40k share) each time I see it reported. But, it isn’t capturing some quick big short selling like what we saw in October and earlier this month. It can happen. And, when it does it is a buying opportunity.
KRAIG BIOCRAFT LABORATORIES INC
$ 0.07
KBLB
-0.00
Short Squeeze Ranking™
view
Short Interest Ratio (Days To Cover)
0.0
Short Percent of Float
%
Short % Increase / Decrease
-32 %
Short Interest (Shares Short)
21,900
Short Interest (Shares Short) - Prior
32,400
Something else to note is that there is a 1 Year lock up. So, that worry about selling won’t happen until at least March 2020.
Those after hours spread are amusing at best. I don’t know who can trade them. I have assess to after hours but not to OTC market I guess.
I was taking the diplomatic approach. :) Repositioning for the good news coming. ... selling at .075 and buying at .0725. On a 100k shares, that’s $250. Nothing to sneeze at. :^) ... have no problem doing this all day long below .10 even if it increases my price per share on what I hold because I will also be increasing my share count for when great news comes.
From summer last year I think. So, not new, but nice news on Vietnam TV. The factory pictures used can’t be ours.
https://tvphapluat.vn/video/doanh-nghiep-my-chi-50-trieu-usd-lam-to-tam-xuat-khau-tai-quang-nam-10910/
I like easy money too, Dragon. 40% of my shares are for trading. :)
That’s funny. Did I speak of the Devil and he came? ... maybe just last hour of trading ...
Yeah. That’s only 15,000 shares on the ask. Probably nothing in between. ... and I was right a buy liked that 15k. Back to the higher ask.
Where is the blockade of 1m on the ask. I don’t see one. That’s because the risk of a blowoff to the upside. No big seller see this as topping point anymore. ... my guess is that blockaid was moved to $.0999.
The ask just went to $.0789. ... Pretty big spread.
Bid 0.0721 x 40,000
Ask 0.0789 x 40,000
Vol 851,942
AS OF 03/22/2019 2:13 PM ET
Not according to Yankee. He is claiming to know more than this board and that we are further along in Vietnam than many on this board think. I think the $1m from assumed Ken Le and other presumed to be in Vietnam says something too.
Banana, that’s right. If we slice through that dime (that Mojo so wants) like a hot knife through butter we are at going to the .13 - .15 range at least. ... depending on how good the news is, we could open trading above .10 on the ask.
Let me get this right... the market has spoken... how about that?
Hi Silk, IMO, it meant Q4 2018 ... key words ‘start’ and ‘production’ ... not mass production ... so probably counted as soon as eggs hit the ground in Vietnam in early December.
As for ‘mass’ production (obviously subject to interpretation), I think we will see it this year but the further we go along the more that will expand... so Q4 2019 is safe to say. ... Q4 2020, we may not be on this board according to Banana as he says summer 2020 buyout coming.
Yeah, looks good, jetow. Es1, do you see follow through to .085 now without further news?
It’s a little over 1/2 a million on the ask at .070. ... nice price action today... I’m curious how sure Mojo is the 7 cents will hold?
Did you happen to notice if there was a big block at .0699 or .070 after your order filled?
Suddenly Peach and Dragons .07 comes true. All the asks below .069 have dried up. ... good in one sense but I wanted to buy more in the low .06s. :( Banana, did you beat me to the punch?
Yeah. .264 ... should act as some resistance initially.
And me? If I need a bigger high end range, I’ll do .21-.31.
Okay, it’s easy and free. I’ll take .21-.25 by end of June. Since you are taking the low point of the range, I think this works. :) Just looking for a retest of ATH this year... let’s take a shot at 1st half. Great news can get us there.
Banana,
Curious if you saw this one posted here ever. It goes the planning and prep done by the Quang Nam Province officials just prior to KBLB’s arrival. ... I am planning to buy 20-30% more in a Roth IRA assuming these levels hold. Will be great for tax purposes in a few years. :)
“In pursuit of the province's policy on attracting enterprises to invest in rural agriculture, in the past time, there have been some enterprises interested in restoring the mulberry, silk and brocade trade as: Silk section of Quang; Kraig Biocraft Laboratories (KBL Company) with the application of silkworm planting, silkworm raising and implantation experiment in Dai Hiep commune, Dai Loc district.”
http://english.quangnam.gov.vn/CMSPages/BaiViet/Default.aspx?IDBaiViet=5575
Here is another from May 2018:
https://m.english.vietnamnet.vn/fms/society/200233/quang-nam-to-revive-silk-farming-culture.html#ui=mobile
To say they aren’t doing this primarily with KBLB in mind is silly IMO. It’s coordinated planning just prior to our start up. This work needed to happen first for the ramp up to go quickly.
Gimme, it is Kim’s fault. He stuck with Vietnam and didn’t try another country. He played the ‘almost there game’ on mass production for 5 years while Vietnam dragged their feet. He was to frugal I think to chance another path. But, in that time, the Army came along and they increased their speed of production and develop other types of silk fibers. So, not all bad.
But, yes, if he hadn’t made those earlier claims, I would guess the share price would be higher as there would be more believers. At this point, I really feel like he is slow playing his hand probably for a couple reasons... one being that he did do that ‘almost there’ game before. I think he wants to be able to actually say we have produced x tonnage and are on track to producing x tonnage for the year. And, we have 5 contracts with commercial buyers for x amount of material or something to that effect.
It would be nice to get progress report on Vietnam and Army at this point. But I think we will see some really good stuff still in this 1st half. We may track some on mojo like it did last year. Until I see the rest of the 1st half PRs and the response, it will be hard to judge the 2nd half. I am looking for a test of ATH this year and a pull back of about 60%. Then coming back to settle up somewhere in between by end of this year. If I get more, I’ll be happily surprised. If less, I’ll continue to abide in hope and patiently wait.
All the best to you, Gimme! Enjoy this journey!
Thanks, Truth! Go KBLB! Shout out to Col and Banana!
Bob, I can see that. But, the other side is that is that they are slow walking the news to give a little more time for buying at these levels. I do get that 5 years of false starts will produce a lot of show or tell me first approach as to mass production news. I still think Yankee knows something we don’t and, if I was in the CEO’s position, I would be doing the same things (I.e. letting Kenneth Le and Notre Dame in at better prices before things really start to move. And, I would think Kim would be allowing Jon and Ben to add here as well. My actual thoughts on the sell offs (that we see right before big news ie Oct and this month and other times as well) is Kim selling a fraction of his shares to fill all the lower limit orders. Some of which may be for Jon and Ben and others, knowing that he has good news to release. Then, allowing the company to borrow the money to keep the lights on, etc. I’m sure this could all be taken as a negative but then that would assume mass production isn’t on the near horizon. I can’t say I know all the ethic of such actions. They could be okay or not and if not probably a wrist slap but doesn’t seem like the SEC cares about OTC market much. Someone can fill me in and I’ll stand corrected if that’s the case. Just let me know. Thanks.
Yes, Rayo, we mustn’t be too enthusiastic or speculate on what isn’t actually 100% known to shareholders at this point. :) ... even though we have Yankee saying from DD and telling us that we have more progress in Vietnam than is currently known AND apparently the buyin from Kenneth Le and friends of $1m, who would know the status in Vietnam, AND the University of Notre Dame tripling their stale AND additionally adding the PR with statement of confidence in KBLB’s soon coming commercial mass production. ... nothing to read into there. It’s all smoke and mirrors people. ;)
Last Price x Size / Exch
0.0628 x 147600
Chomp. Over $9k taken at the ask.
Hi Banana, to be sure this is good news .. maybe even better news due to the name recognition of Notre Dame. But, skeptics are not convinced and at least today it is not moving the stock much. What traders and investors don’t get it is that this isn’t another false start signal... when you play that game for 5 years people have a hard time distinguishing. I’m not numb to it because I sat back waited, watched with my very my amount of bag holder shares waiting for this day. This is no false start signal. The shot has been fired with the announcement of landing of the silk worms in Vietnam. KBLB is off to the races as to mass production and exponential top line sales growth! It’s this year, 2019, and not another!
... and, yes, I added today. :)
If Truth can change to Truth 2.0, perhaps you can update to ‘will retire soon’ once the PR for phase to comes out. :)