Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dont mean to imply he cares. I didnt mean he would manipulate the pps. I just expect some news that will reverse the drop.
I am playing the gaps with my buying today. We have a gap at .11 and .30.
If both close I will be ecstatic.
Either way I am still sitting on an average below .05
Yeah kinda expected it. Didnt buy much at .21. Was a "just in caseit bounced back today.
Will double my buy at .18 and quadruple that if it closes the gap at .11
Yeah highest sell was .457 an purchase price of .023.
Going to pay some taxes on that lol.
Dont think it breaks below .20 today but only have about 30% confidence in that.
It's just gambling to buy today.
But doubt it breaks below .18 before Kim saves the pps
LOL
You are right abom.
Interesting dip today.
This is what I expected from the RS announcement. A bit of a delayed reaction though.
Debating buying at 22 but still a hell of a lot of MM short trades going through.
Maybe wait for .18 but it looks like support is strong now.
Buying a small chunk to attempt to recoup my losses from yesterdays sell.
Where is the bottom?
Will the .11 gap close or do we bounce back up to .25?
It's impossible that he wont dilute.
The company dilution is not really the issue. It who they dilute to that matters.
Dilute to a company like CSC and they will pump and dump their shares. Give the dilution to Goldman Sachs and they will add them to a portfolio and hold them for years.
Dilution to a real world financier will lock up the float. It isnt dilution like we get as a penny stock. This is the reason for the uplist.
The RS is the path to get to where they can dilute without killing the retail shareholder
No mojo they dont.
They have far more than 6000.
The million I spoke of was just a number not intended to accurate.
But I am not one of the 6000 shareholders of record and you are not either.
Your broker is.
Etrade is one shareholder.
And everyone here who uses them is counted as 1 shareholder of record.
Do you have paper shares in your possession? If you do you are a shareholder in that 6000.
If you dont you are not a shareholder in that 6000.
By your count the average shareholder is holding about $50,000 of kblb.
That is just not realistic.
Very true.
Nothing really changes.
But the shareholder count already changed substantially just from the announcement.
Just using a high average sharecount of 100k shares per person we lost 200-300 shareholders in the past 2 days.
People like me bought their shares.
Anyone who thinks a RS is bad will drop out before it happens.
JMO but the RS is required by the financiers. They want more security and the only way to get it is share control.
I dont think institutions will pile on just because we are at 5 bucks.
But I know the absolutely wont pile on at .40
We wont get our 50m with the current share structure.
Good thing an idiot isnt in charge.
I know you love saying that but the fact is if Kim was an idiot we wouldnt be here talking about it because there would be no silk. No Vietnam. No financing. No shares.
Because an idiot would have failed to keep a company operating for 10 years. An idiot would never have been able to create dragon silk.
And Vietnam would never change its laws for an idiot.
We are only here because Kim is a genius.
You are right mathematically.
But the fact that a RS can effect the price is what I am actually speaking of.
People panic. That's all there is to it.
A $5 stock drops to 4.50.
It takes a few days.
A .50 stock drops to .45 in a few trades.
This is because there are a billion shares and for the ease of example a million people invested.
If 1% of the people panic you have 10,000 sell orders.
Reduce the sharecount and you consolidate the shares into fewer hands.
We end up with 10000 shareholders. When 1% panic we get 100 sell orders.
This causes less of a reaction.
It works in both directions but it takes far less shares to drop a pps than to build it.
Add that to the ability for institutional investors. They dont panic. They tend to hold long term which lowers the available shares making them harder to get and raising the pps.
The fact is if you have a million shareholders it takes nothing to panic a group of them.
This is the "credit" I am talking about.
Call it security instead.
Buying shares owned by millions is far less secure than having them owned by 5 people.
There is a lot to a RS that people do not consider.
Especially in the otc.
We are accustomed to a RS being used as a way to rip us off. But there are good sound reasons for a RS and if a company does the split for these reasons it will only benifit the shareholders
Because VC dont like to give money to a penny stock for the same reason a RS is considered bad.
Penny stocks have a bad reputation.
They are not going to give a .50 stock a 50m loan just to watch their investment crumble when the dilution causes panic selling.
And they lose 25m the next day.
Consider a penny stock a person with bad credit.
They need a RS to improve the credit security
People who bought this recent run dont get to vote. Selling or buying wont matter.
The shareholders of record get to vote. If you held shares in June you get to vote on those shares you owned at that time
I agree it's a done deal mojo. But it isnt going to be immediately done. That was his reason for the variation in timing and ratio.
Kim knows what the reaction to a RS is in the OTC.
He announced it during a run to reduce the effects. He has the ratio open so he can adjust according to that reaction.
It's a future occurence so he can let the pps stabilize after the shock.
This will make the reaction to the RS in the future muted.
The price should begin bleeding down around .20-25 but with impending news it will push it up instead.
When the RS is dated we wont be surprised it's happening and the drop will be minor with a quick recovery.
Kim is doing a RS to conform to what the financial world expects and not just to dilute and repeat like most otc revers splits.
I am losing up every time the low breaks.
I believe the low today was the bottom.
I filled up at .29-33 yesterday and today. We will see .50-.60+ by August I think
That is to get relisted I believe.
If the pps gets below a buck you get warned. Then to keep from being on probation you need over a buck for a year.
Nasdaq requires $4, $1.25m in shares excluding insiders and 550 shareholders of record.
There are other requirements too but I dont remember them.
I could be wrong. It's been a couple years since I bothered with an uplist play.
I know KBLB meets most of the requirements but they need some sort of income to get there. A RS wont do it alone. That is what makes the play good.
By the time the year is up they will have an income and 4 bucks will be easy to maintain.
The danger is doing the RS and going 10 months and get a close of $3.99 and the clock resets for a year again.
Any chance you can give an example of how he can uplist without one?
As far as I can tell they need to meet some requirements one of which is a share price substantially larger.
Fact is that Kim cant uplist without a RS and he cant get the right type of investment if he doesnt uplist.
We need a 5 billion dollar market cap to uplist with the current structure.
Valvoline, a household name, has the same market cap.
There is no way that we get there without sales.
And we would need LOTS of sales.
We need a lower sharecount.
The reason its variable is because Kim is accounting for the panic selling.
If he announced a 1:20 and the pps drops below .25 the split was a waste of time and he would need another one.
This way when the time comes the shock value is reduced. Price reaction is muted and he can get the 5 buck pps he needs by adjusting based on current pps.
Loaded some on at .305 which I did not expect today.
Have standing orders waiting in the 20s I will be very happy if they fill.
No pr monday and they might
Volume was low at the open as the chart shows the pps began a dip but with no volume it would not breech 40.
The 30s were yesterday and the bounce was already in progress.
Yes today was the day to buy it you wanted to beat the bounce.
.45 is still a decent buy in but doubt you will get in at that pps tomorrow. Maybe right at the open but I expect it to push 50 if not break above it.
Would like to see a close over .52 and I wont sell my .30s yet and will wait for .58 or so and see how it goes
With no pr it depends on the opening volume.
I would expect it to dip to the high 30s again. If the volume is high at the open then we could test .35 and either bounce or dip to 30 and bounce. Lower volume will look like a repeat of today with a green close.
I would say tomorrow is the day to buy if you want shares before the meeting information PR.
I think that PR comes friday.
Close tomorrow in the low to mid 40s
Open next week with a gap.
Not sure which way but likely a gap up
It's already skyrocketed twice.
I dont think it's out of line to expect another.
It just cant happen every day.
Kim is definatly holding news.
We wouldnt be having a meeting of he had nothing to say
I realize that. They need to pr information like that. And we should be getting a PR on friday probably tuesday as well.
There will be information released prior to the meeting and the meeting info should be
publically available by next week in a PR too.
Jmo
That will be one of the things that could cause a major gap.
If the right person is getting a bod seat the pps could go insane.
Name an officer of a major company and we are rich.
I am curious how Kim's delivery schedule is working out.
Will we get word of a shipment to a reeler yet?
No necessary but common.
At least they better not rely on it since there is still an open gap at .11
Gap plays are nice but so reliable that they can screw you on the rare times they dont close.
I sold some at .14 hoping for the gap close. That was a fail.
It would be a good thing just because of the reason.
The normal reason for a reverse in the otc is because your shares are cellar boxxed at .000x and you cant rip off people by selling shares.
They reduce the share count and pump the company to dilute.
This is a very bad thing and so common that a RS has a bad reputation.
But splits of any kind are value neutral.
They do nothing to the value of the shares but increase the price and allow uplisting and or institutional investment which we will need going forward.
I hope for one because the reputation of a RS will cause a price drop and a good chance to make a bonus profit if buying the drop.
I believe we need it because we need institutions to invest and that requires a $5 pps and an uplist would help.
For KBLB to reach and maintain that 5 bucks they need a 5 billion dollar market cap with no sales.
In my opinion that is impossible without that financing and uplist.
I will be glad to take advantage of the uninformed reaction to a RS here.
It will be a very good thing when/if it happens.
Not yet. I am getting what I expect not what I want.
I want .77
I will get it pretty soon.
But first i will load at half that if i can.
Good post arachnodude.
That is pretty much the sort of change I can see. I think the supervoting shares were important.
But Kim is also a majority shareholder and his voice speaks loudly without them.
He should have agreed to take the salary owed to him in shares back when they were. 03.
There are also production bonuses still in play(I believe)that would enhance his share count.
I think the SV shares are still needed until things are rolling. I doubt he would be asked to retire them on the first financial deal.
Ask Sergey Brin and Larry Page why they have theirs
I agree Lebbe, 50m is nothing really. But it is everything to the company that needs it. I doubt the financiers are willing to hand kim 50 million bucks for 100m penny stocks.
They are playing financial chess.
Let me ask you this way,
Would you loan a company 50 million dollars for a pretend seat on a make believe board of directors where the person borrowing can vote you off the bod the next day?
Kim's supervoting shares would be a problem for me if I was going to invest.
There is more to investments like this than money. Power counts.
I could be totally wrong. I likely am and they will reach some completely different conclusion.
But the company is going to have to change quite a bit to become what Kim wants.
Do you know of any major company with a supervoting share in the hands of a ceo?
I think Kim needs them to be able to make decisions without asking our permission every time he does something.
That was important to be able to get in VN but I dont think they can survive a real financial deal that includes a bod seat
Last couple have worked out ok. I dont predict. I expect.
I am also more than willing to be wrong.
And have contingency plans.
That is why I have turned a few hundred bucks into a substantial holding.
We will see what the info we have to vote on shortly.
I am sitting pretty no matter what because my "predictions" have been right more often than not.
I can hope for the best and expect the worst at the same time.
All the facts are right there to see in the first 2 words
Think we see a bit lower pps since people are going to be cautious about the unknown.
The meeting IMO is the start of being "real".
Meaning that I believe Kim will be losing majority control to acquire the financing required.
It's one thing to fund a start up with share sales to the public. But when you start involving institutions in the financing they wont want Kim to have things like supervoting shares.
They are going to want some say in the business plan if they are going to invest millions.
I wouldnt invest millions if Kim could just override my opinion.
That being said I would think buying will slow till we get the voting topics of the meeting.
Could drop into the 30s but I dont think so.
There is still tons of up side here I am just expecting some traders to exit before friday
I am hoping for what typical traders dread in the otc.
I would like to see a 1 for 20 reverse.
I just dont know if that is Kim's plan of attack.
It would send traders running and MMs would play it hard.
PPS would drop into the 20s and post split would recover to around $6.
Could load up the day of the split and the PPS would fully recover with a production PR.
Sitting pretty around $10
The company is a scam. They milked the shareholders then a shareholder who was in legal trouble took it over to try to recoup his losses. Then the old management started making it hard on them and filed a law suit.
New management made a deal for enough money to pay his fines for illegal trading and gave away 51% of the asset.
Currently there is an inexperienced president financed by a scammer who has control of an asset tied up in court.
In other words it's dead and the only action you will get is bag holders unloading on anyone willing to buy
Really depends on the PR I am expecting a financing deal to go with a BOD placement.
I would expect that will require some dilution and perhaps a retirement of supervoting shares.
Something like that and we break a buck.
No PR and we should bounce around in the 40s since it appears the market is waiting.
I'm flipping 40s for 50 whenever the chance comes up but nothing large.
Fairly basic PR with good news and we will test 60.
Dont see it dropping below 40
Far more Silk.
At 550 holders the average holdings would be $350,000.
That is not happening in this stock.
I would venture a guess the average holdings are in the 5 figure area.
Even at $100k average there are near 4000 holders
Clay this move has been going on for a couple weeks now. Any chance you could do a bit of details on a daily chart instead of 30 min?
From an accounting and finance viewpoint, all assets/liabilities/earnings of wholly owned foreign facilities must be disclosed on KBLB 10-Q's and 10-K's (my area of expertise)
If I remember correctly splitting tensile strength is compression strength like where concrete cracks under pressure, flexural tensile strength is lateral force like bending aluminum till it fails, and longitudinal tensile strength pulling pressure, like wieght hanging on a string.
If financial arrangements are being made I would think an S1 for shares would be filed.
As well as any BOD member getting shares we may be waiting on SEC paperwork.
I think next week we will get a PR to that effect.
Followed by more production information the following week
Haven't been following the whole conversation but where did 72 hours come from?
According to the SEC,
Under Rule 100(a)(2), when an issuer makes a covered non-intentional disclosure of material nonpublic information, it is required to make public disclosure promptly. As proposed, Rule 101(d) defined "promptly" to mean "as soon as reasonably practicable" (but no later than 24 hours) after a senior official of the issuer learns of the disclosure and knows (or is reckless in not knowing) that the information disclosed was both material and non-public. "Senior official" was defined in the proposal as any executive officer of the issuer, any director of the issuer, any investor relations officer or public relations officer, or any employee possessing equivalent functions.
Commenters expressed varying views on the definition of "promptly" provided in the rule. Some said that the time period provided for disclosure was appropriate;58 others said it was too short;59 and still others said that it was too specific, and should require disclosure only as soon as reasonably possible or practicable.60 We believe that it is preferable for issuers and the investing public that there be a clear delineation of when "prompt" disclosure is required. We also believe that the 24-hour requirement strikes the appropriate balance between achieving broad, non-exclusionary disclosure and permitting issuers time to determine how to respond after learning of the non-intentional selective disclosure. However, recognizing that sometimes non-intentional selective disclosures will arise close to or over a weekend or holiday, we have slightly modified the final rule to state that the outer boundary for prompt disclosure is the later of 24 hours or the commencement of the next day's trading on the New York Stock Exchange, after a senior official learns of the disclosure and knows (or is reckless in not knowing) that the information disclosed was material and nonpublic. Thus, if a non-intentional selective disclosure of material, nonpublic information is discovered after the close of trading on Friday, for example, the outer boundary for making public disclosure is the beginning of trading on the New York Stock Exchange on Monday.
Totally agree with this.
If you didnt load up last week I think today is the day to buy.
Think we close over 35 and push 40 without news by thursday.
The right PR and we may actually see a buck next week. But just about any PR will have us test .50
FYI it's my anniversary today. My oldest shares are 10 years old today.
So while I may sell 500k shares at .30 I will be buying a million at .15 if it gets there.
And if it doesnt and the trend is up I will buy at .35 and sell at the next top and hope to double up again.
But that isnt likely.
If it goes up like that I have my retirement waiting and my kids can have what's left.