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been working on a project too late and oversleeping so actually missed the low 20s. Have not reloaded a single share in the 20s.
Been gambling on timing.
By my calculations Kim is closing in on a batch for a reeler. 200-500 pounds. A delivery PR will screw me as well as just about any other major news.
But my chart instinct is telling me to wait. Kim has some PRs brewing but I feel like the last PR was "business information" level and not any kind of block buster.
My gut tells me he is out of PRs with large effect for about 2-3 weeks. The q3 statement verifies the guess but it could happen sooner.
So the chart looks like a typical spike and reset to a new base. From what I would normally expect the downward pressure should last through next week with at least 1 dip day with a 15% or more drop. then very slowly bleed the price till a new PR wave starts.
If Kim waits 3 weeks or so I think I will get the teens.
The one issue that is screaming in my ear is I have 10 years of KBLB training under my belt and have to keep reminding myself that this isnt the same KBLB that was in wait mode.
That will be what catches me with my pants down.
Would really depend on how the merger was made.
KBLB takes in Polartech and issues 500m shares at .40 restricted for a year and the PPS would have to go to $2 in a very short time.
If they announced it as a "dividend" that is actually a RS @1 for 10 and we would be at $20 with 130m shares in the OS.
the pps would drop into the low teens following a sell off and then climb back close to that $20 again.
It would hold the price easily long enough to get a nasdaq listing and institutional investors. We could see 300m OS and a PPS of $45 in a year or less with a rapidly expanding production base an a revenue stream and market share already.
Could be in the works actually. Its a pretty logical choice.
just a wag
Not on sabbatical, just lurking.
Been waiting for the pps to drop below .20 myself but it is taking its sweet time.
I know what to expect from a statement like that its just the way I see it though.
The PPS has been quite stable above 25 but is doing what is fairly typical of a stock after a spike.
I am playing the waiting game. Its a race to see if the PPS can drop before Kim releases news that makes the move irreversible. I might be losing this one but if not the PPS should drop at least a nickle next week.
As for your possibilities, If we announce an order of anything over even $1m the PPS will go to a buck at least.
Army extension I think would have close to the same effect but shorter lived run simply because of the difference between a potential army product and an actual sale of an existing product.
The news I am racing is either A delivery to a reeler or a BoD member from either a well known company or a financial institution and the member comes with a boat load of cash.
either pushes it to .50 again and the delivery will go further
Oh ok thought they ment board specific.
I was such a bad newbie trader. My first year or two of posts are embarrassing lol
Not that they have improved much but at least my guesses are more accurate.
I do?
Where do you get that info mojo?
I am certainly not looking to break any records. I am just one of those that have been posting for 10 years without paying for it
I could never "beat" a paid account.
Not really sure where they get the price from.
Their sales are $230m a year.
Seems to me a $200m price tag is a bit low.
Maybe the VC doesnt own it all?
Production limits is the only obstacle IMO.
what is a ton worth of the best current silk is $60k?
The country currently produces 460 tons.
That is the first goal after 1 ton.
If we got a 500% premium and all the production the sales would be $135m.
If my basic stock analysis is right with the current share structure and a 20x PE is about $3 a share.
But I really dont know what I am talking about.
Would like to hear someones opinion with better knowledge
I have been waiting for the filtration industry to knock on the door.
The individual fibers being so tiny but so strong would make great filters for air and water.
But there is one property of spidersilk that if isolated would be an actual world changing event very quickly.
It would put all the other possibilities to shame.
Spidersilk can pull water right out of the air even in a desert.
That isnt the best property for most cloth but making a device that could passivly provide clean water anywhere in the world would save millions of lives and could easily be used in an alien atmosphere to do the same if water is present
I dont know if it can be isolated or improved but if so it would be a major achievement
I'm offended Bob. How do you expect me to collect shares of I cant take advantage of a bear attack? LOL
I would be quite pleased to be kept off balance that way.
Kim is more then welcomed to make me stop flipping.
Just need .77 now.
Goalpost got closer for me since i picked up shares.
If this drops into the teens before news I will lower that number a few more cents
If it holds over 20 this week I will be shocked but my guesses since the run started are only been about 40% accurate.
I would be better off flipping a coin as opposed to the shares
DoD would be great. Medical would be good too but I dont see medical really making an impact here for a few years.
Reason is FDA clearance and necessity.
There is really no need to use our silk in medical since the demand for such a product can be met without a GMO.
In the future when we get antibiotics in the silk there will more of a chance.
Besides sutures I dont see anything going medical use for many many years and sutures are not the largest market.
Medical research will use it but quantity will be very low
I think the 20 is psychologically strong. If it breaks it will break fast and bounce up to make it resistance.
I think the big news is done for a couple weeks.
Unless the BOD choice is a warren Buffett type I dont expect the bod news to move it too much.
I would like to be wrong on this one and build a base at .20 but IMO it's still too early.
I think July is when I will stop trading and risking being out when the news comes of delivery
Holding up quite well today.
I didnt expect it to hold over 21.
Sometimes it's good to be wrong.
Probably an ugly day here. Looking to load in the mid teens this week as traders leave
Technically isnt that Jon's job as COO?
Kim's job is honestly to cater to what we want.
A CEOs only real job is to make their stock climb.
They have to do it through deals and negotiations.
Kim is being more than the CEO.
He is doing a lot of different jobs which is one good reason to get a BOD up and running.
He needs marketing and sales to be handed off. He needs a skilled person in the advertising industry.
And he needs a good size lender to get a seat so they can push him to #1 give up his super vote shares and #2 convert his common shares into preferred shares and lower the OS of the common stock.
That is how they can uplist faster without a RS.
Do a conversion dividend where for every share you have you get .5 common shares and .05 preferred
This would lower the OS by 50% and create about 50 million preferred shares currently worth $2.50.
The price would jump at least 40% just from share structure
JMO. I dont even know if that sort of split is legal
Yes he said they were ramping up the millions months ago.
For what reason?
Since that time we have found that they shipped worms to VN.
How many?
Millions maybe?
The way I look at it he has spoken on it.
You have to have some faith sometimes.
Assume for a second Kim isnt some sort of scammer and everything he says is honest.
He said he ramped up.
He said he shipped eggs.
He didnt say the eggs shipped were from the ramp up. But it could be assumed.
I try not to be that easy to fool.
I never have blind faith. But I also never expect perfection.
If Kim was the perfect CEO he would be faking it.
They all have their flaws. Trust him or dont is what it comes down to.
I trust him. He has followed through on every plan. He failed at every estimate but he is still doing what hes always said he would do
The most dismal thing you said is actually the best information people are ignoring.
I agree mojo it would be nice to have Kim say they took possession of a second factory.
Just my opinion but I think it is s second building because of the renovations.
Most people dont renovate the same building twice in a year.
I am assuming he is taking possession of prior silk production facilities and getting them up to par.
Maybe 2 production centers maybe 1 production and one processing facilities.
Maybe 1 building renovated twice.
I wish he had some marketing skills and understood his real job is advertising what a good stock this is.
It is IMO
Took some of the .24s and the 21s I picked up friday and dropped them at .275.
The move lacked a little strength simply because of the timeline in the PR.
Many traders will exit thinking they have 3 months.
It might still break 30 today but it doesnt seem like it wants to.
Still was able to pocket 20k freebies for my core. Will wait and see where the traders take this.
I expect things to slow down a bit till we get some news we are not expecting like a sample delivery etc
I agree. Early dip and a bounce begins.
My favorite indicator here is the RSI buy at 35-40 is just about a sure thing
Longs who have followed the company are more informed then the typical day trader.
I trade many penny stocks ignorant of the details of the story.
There is lot of info in the PRs. Most of it is 5 years behind us due to delays in VN.
Longs remember comment from the trade show. Korean silk buyers etc.
We have seen the marketing done by our competitors which are on a much larger budget but much further behind.
So there is an anticipated prototype expected rather soon IMO. Just assuming the typical MO.
The BOD may not seem like much but to those that have sat through the one man show a BOD is an obvious signal of growth.
Who the directors are could have quite an impact.
Fact is longs have one piece of info traders dont.
That KBLB is apparently that 1 in a million penny stocks with an actual chance to make it. Pumpers love to say that but we dont have much in the way of pumpers here. I know I am not saying that as a newbie trader or pumper.
If KBLB is a typical penny stock Kim deserves the money I "lose" because he has me completely fooled. Not easy to do.
I personally differ on the start point.
I guess it depends on you perspective of the "start"
Your starting point is approx .06 but the uptrend began closer to .03 and was 5 months in the making.
Also with a fairly strong base near .10 where the gap forms could also be the "beginning" of a move.
For the sake of arguement the .01 pps will never be seen again. It shouldnt (and isnt) used.
If .06 will never be seen again it shouldnt be considered in the Fibs either.
For the immeadate future I dont see .10 breaking (barring a complete collapse of the company) so I use it as the bottom. That's JMO though
Think your numbers may be off but that would really depend on the price point you are starting at.
Many people use zero as the bottom but since a return to zero is not technically possible that can skew the numbers.
Which bottom price are you beginning at?
Bob mathematically there was no minipulation.
Look at the volume since the base of .06.
There has been 130 million shares bought on the way up.
Volume by price shows most of the buying between .10-.12
Another chunk of buying at .25
Shows a big chunk of selling at .20 (the people who bought at .10)
and again between 30 and 40 (the people who bought at 25)
We have only had 60m in volume down.
Just assume 30% of the 130m are long shares and that means there are still around 30 million shares left in weaker hands.
How much downselling will it take to move 30 million shares at the bid?.
If it gets near .15 everyone loads back up and selling stops so its doubtful it gets there.
When that 30m trades through the market is "even pressured".
It will go back up without antinews
Took some 21.5s at the close. Did you get yours?
Think monday about 10 min after the open we with touch bottom. I have .18 and .14 buys in there like everyone else does but dont know if they will get filled before the bounce. There is a good size wall at 20.
BOD question...
Kim said they were going to be adding 2 independent directors.
Does independent mean not employed by the company or not associated to it?
I am wondering if a director from polartec being added to our BOD would be considered independent?
Looking for a late day drag down and I am loading up.
I think there are quite a few out there like me so the mm may not be able to pull it off. Watching the .24 line
Not feeling the pain since I sold some and reloaded. It feels good to me.
But I dont think those like me are part of the problem.
If I take 500k off the top at
45 I will load 700k at .25
That just puts 200k less shares out there.
So flipping longs may cause price moves it isnt really part of the problem.
Fact is .50 was much to high for the current situation.
It will be justified soon but at .50 its WAY over bought.
People purchasing in the .50 area on the hope of going higher are serious gamblers.
Risk vs reward was not a good ratio at all.
The bottom falls out and those people panic.
New traders going through the learning process are the "problem" but they will always be here on a run
Huge volume on a red day is a great bottom signal.
Also a nice 30% retrace which is my own personal signal.
Dont think we return to .50 on a bounce but 30s would be great for consolidation after a reset.
It will be in the high 20s to consolidate I think though
Took a chunk back at .2402
Will possibly dip a bit more but should bounce back near .30 IMO
Still waiting at .18 in case my gut is right
Did not buy at .32 I was waiting down there to see how it moved but the volume out the gate showed enough power to break that.
Should continue tomorrow. I am still waiting down near .25 but think it's likely I will not pull the trigger there either.
My gut says lower.
I will buy for sure at .20 if it gets there. I have .18 in my head but will take some serious volume.
It actually held up better than I expected considering the total volume
And how many employees is "employees" when deciding what is a real company?
Is it 5 employees 500?
When does it get "real"?
Because I know of quite a few companies with only 1 employee and a whole lot of outsource vendors.
I think you are trying way too hard to find a fault.
Fact is you have never seen a penny stock like KBLB.
That is why you are willing to risk your money on a "fake company".
If it was truly an issue you would be investing all your money in amazon.
I am curious about your historical tale on "real"
Enron had tons of employees.
Tons of cash flow
Tons of product and service.
Were they a "real" company or is your standard of "real" just arbitrary?
Dont think what mojo?
You dont think its bouncing or dont think its dropping?
Should bounce up to .32 and close near 29.
Tomorrows open will be time to reload I think
LOL ok.
Could you maybe explain what a real company is?
If "has employees, customers, cashflow, and products and/or services to sell."
Then you have contradicted yourself.
Considering the company has employees. It has a cash flow. It has a product. It is not in the service industry so there is no service provided.
Apparently by your standards it is a real company.
It was an idea 10 years ago.
It's a company now.
Little bit more to go yet Bob.
There is a support wall at 285 but not very strong.
IMO the low will get closer to 20 but may not get there today.
Looking for a stall at 25 and then see how much steam is left
So I think if you could go out and find 20 comparisons KBLB wouldnt warrant the excitement.
The fact that a successful penny stock is rare doesnt mean this isnt one.
So instead I would challenge you to show us a penny stock that was a typical P&D the has been in business for 12 years under the same management, without a reverse split, with under 1b shares , with a forward split, with 2 major universities support, with a country governments backing, and an army contract under their belt, with less than 50% dilution 8n a decade.
That is why KBLB is special.
Because you cant find a comparison