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Just read the PR:
“delivered its latest batch of spider silk silkworm eggs to its production facility in Vietnam”
“With our silkworms now delivered, we are moving quickly, resuming production”
“Operations at the Company’s production facility in Vietnam have now resumed and production scale up is underway.”
Been here too long and trying to manage my expectations, but yes, this should finally be the end of the beginning and the start of some tangible growth in value.
I’m at about 20% of my peak share holding but will certainly be adding to my position over the next few weeks.
Good times ahead.
So 800 million now? Thanks for correcting yourself, and over 13 years! What’s that? An average of 20-25% dilution annually since inception? I can live with that.
I notice you didn’t respond to any of my other queries.
As I’m sure you’re aware Kim still has a few hundred million shares so any dilution impacts him more than anyone else. As you’re always keen to state Kim is all about “bleeding shareholders dry” etc etc. so surely he wants to benefit from this massive chunk of shares? and won’t continue to dilute to infinity as you seem to suggest?
Have 850 million shares been diluted or are there 850 million shares outstanding? this is clearly not the same thing.
And with regards to the 150 million “lying in wait” it seems more and more likely that we are waiting for proven production and quite possibly a contract or two, surely this will help the share price?
If KBLB then manage to place 150 million shares at a higher level will this not support the share price? and why not raise funds if the funds are to allow massive expansion of production? Would this not be positive?
BOLT THREADS
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Thank you: Anyone who works in biotechnology knows that making a novel material using biological processes is an enormous technical challenge. It's been a long road; we appreciate you being there with us every step of the way.
How terrible are their ties? didn’t notice this previously, they certainly don’t look like NASDAQ ties ??
I think stock offering g and split more likely
only days away to be honest, see this from S1:
“On August [ ], 2020, the Board established a ratio for the Reverse Stock Split of the issued and outstanding shares of our Common Stock of 1-for-[ ] and the Reverse Stock Split was effective at 12:01 a.m. on [______]. No fractional shares will be issued in the Reverse Stock Split and any remaining share fractions will be rounded up to the next whole share.”
Note how the month has already been populated, seems to be a clue that this is moving forward this week...
So boring
Still 50% up on my most recent trade sub 10, still glad I didn’t take your advice :)
Why does it sound like that? there is no period mentioned in the query or response email?
Little G states concern that RS authorisation has ended, Ben states that most people don’t understand timescales...
Is he implying the RS authorisation has not lapsed? that makes no sense
Thanks for this, however I’m not clear on what Ben is actually saying, can anyone provide some clarity on his mail?
Mixed feelings on the decision to cancel the reverse split.
Most likely Kim realises its suicide to RS without NASDAQ up-list approval and this has not yet been approved.
This could mean we've been rejected or that there's a delay, either way it will be much better to get production going and move forward from there. Worms should be in Vietnam again shortly, at least this can be PR'd and the production anticipation can begin again which should boost the share price.
Very hard to say where this will go today, hoping for an explanation, but depending on the wording that could take us back towards .20 or further down towards .10.
Surely this cash is earmarked for the massive purpose built production facility that has been in the planning for years?
What is this section from the prospectus all about then?:
“The underwriters are committed to purchase all the shares of our Common Stock and corresponding Purchase Warrants offered by this prospectus if they purchase any shares of our Common Stock and corresponding Purchase Warrants”
Page 70
Right, but are Maxim not committing to buy a certain number of shares as underwriter? also it’s a deal involving finance so not really a stretch to call it a finance deal...
Never laughed at Bolt personally, just used them to point out the funding that’s waiting out there for spidersilk tech. Proven or otherwise. Hopefully we’ll get a slice of this at KBLB shortly.
“proof or they will need significant discounts”
Or a bit of both maybe?
From a share offering perspective, as an example, I’m invested in a small cap company over here on the AIM (UK), they have disruptive tech, have only put out a few prototypes and haven’t got mass production in place.
They just raised £30M in one day through a share offering, of which the vast majority was from Institutions.
The offer price was about 25% below the average price.
They were adding over 20% to their share count.
They had basically no cash ahead of this fundraise.
The share price recovered to above where it was to begin with in 2 days and the company is now in a far stronger position, has a floor under the share price and loads of cash to develop their business.
I’m aware there is also far more risk capital sloshing around in the US markets. So we have reason to be positive.
My initial points were just to counter your comment that the shares are being “dumped”. They aren’t.
Time will tell who buys and how long they hold for, but it is very likely anyone who does will let things play out at least for the next few months while KBLB execute their business plan.
Is it a “dump”?!
They will be bought (hopefully) by willing buyers who believe in the story to some extent, would imagine most will be looking to hold at least through the end of the year to see how things play out.
Certainly if I was buying in for the first time I’d be looking at the potential here and holding for at least 100% profit not selling out immediately for a small gain.
If anything the offering will help put a floor under the share price.
You’ve answered your own question in your ramble.
“Some institutions may still not want to invest in an otc company”
And it’s really about them being constrained by their own investment rules not as basic as saying they don’t want to.
This, and the ongoing ability to raise finance from a much wider range of institutions through further share placings/offerings as and when needed for further expansion, partnerships, acquisitions JV’s...
And maybe lastly just the slight improvement in prestige that comes with the uplist, as you have been keen to point out how terrible the OTC is over the years.
No praying at this end, expect production and a few contracts later this year.
The tech will finally win out over the fumbles.
Since when did you take it all so seriously!
Bottom line, you attempt to gauge the chance of the success and you place your stake accordingly.
I feel there’s a better chance here of going 10x than going bust, not to say I’m all in, but worth a risk imo.
Each to their own.
It’s all a numbers game, investors shouldn’t be concerned with whatever ratio turns out to be required as long as it’s high enough to get us on there with minimal risk of falling back out again.
Correct - I used the wrong terminology, well done you. And yes I’d prefer an institutional placing but hopefully some may go to institutions if not this round but next, at least most will finally be able to partake if we’re on NASDAQ. My point was that they’re raising money by issuing shares as many companies do, some like to utter the D word like it’s the worst thing a company could possibly do.
Yes, the cash will be used for various purposes as is stated, my point was it’s not solely to “pay the bills” as had been stated.
Or 25:1 or 28:1 or 32:1....
It really doesn’t matter.
Yes they’re placing shares that’s what listed companies do to raise cash, which should underpin the share price at whatever level they RS to.
Primary reason given for raising capital is:
“for expansion of our production operations in (i) Vietnam including capital equipment, facilities improvements, and staffing”
Predictions.
I’m going to assume a 1:40 consolidation at around 25c, giving an equivalent of $10 opening price on NASDAQ next month. Provided the uplist and RS can be done on the same day.
I reckon if everything goes well we could see $40-$50 at some point this year. This will be mostly dependent on decent production news, at least one big name partnership and a healthy dose of hype, with the market betting on Kraig’s potential.
This is great news, if it’s all timed correctly the split and dilution could have very little impact.
If it all happens on the same day, we split, uplist and the shares Maxim place will underpin the share price.
And if Kim piles on some good news immediately post split I can even see this running hard for the first few days - provided the overall market isn’t in tatters by then!
Does anyone out there know whether we can R/S and uplist simultaneously?
This is important.
I’ll give you that, if the R/S and uplist are simultaneous and there’s some decent news and hype before 23/7 we may just get to 1:10, must be done together though for this to be possible.
Does anyone know if this can be done? it seems to me that we will split and then remain on the OTC for hopefully a short while we are reviewed by NASDAQ?
Not that the split ratio matters...
Unless there’s an announcement of a new partnership or contract with a huge name or the army this is never going to happen.
Or today....
Might be jumping the gun, but this could finally be the start of the market waking up to KBLB, looking forward to huge run throughout the rest of the year.
Read the last half a dozen PRs
“I just don't know how you get investors to fork over $11.5 mil...I just don't see it”
Let’s again consider the $213 million Bolt Threads raised for a private illiquid venture and with in my view an inferior technology.
Spider silk is exciting, $11.5 million is peanuts for investment firms looking for the next big thing, I expect they’ll have no problem placing these shares.
I agree that it’s not the opportune moment for the R/S and up-list, IMO towards the end of the year with production at full steam would be much better, however initial dilution will not be huge. And once the market and initial investors see the progress and potential this will fly. Market cap will be in the billions within 2 years.
Interesting take, but what’s your view on the impact to Kim’s 300 million or so shareholding?
Still don’t think see how that route destroys value for existing shareholders though, as long as the market cap keeps rising as the company progresses.
Providing food to those in need is not a joke.
Haha - sure most seem to disagree
Useless R/S?
Uses:
Enable uplist to major exchange
Which in turn allows funds to be raised from institutions and mainstream lenders.
Which in turn provides funding for massive bespoke production facility in Vietnam.
Which ensures further production growth and funding options.
Which leads to an increase in company valuation and share price.
Seems like an R/S could be termed as useful...
Production update this week folks?
Yeah saw pullback coming, have dipped toe in @.21 will add more closer to or sub 0.20 if we get there!
Not that it matters anymore, mass production and possibly whatever is to be announced on the 19th are all that matters.
Everything else will follow.