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WRONG AGAIN!
“Yesterday's PR discussed issues with silk yield and cocoon size.”
Did not say anything about “issues with” either. Said they have nearly doubled efficiency and are now focused on making even bigger and better cocoons.
Read earlier PRs this year to find where Bam-1 already far exceeds the mundane silkworm.
“We don’t know how KBLB is reeling their silk. They may be doing it in-house with far more primitive equipment than was shown. “
That seems logical. They share a pic of a method they are not using and then talk about how they have made improvements to the equipment to nearly double efficiency. Logic would follow that the pic shown in their PR has nothing to do with what they are using. SMH
“You are far more trusting of Thompson than I.”
You are far more willing to make up fantastical stories and theories in the absence of every detail being spelled out than I.
Always clamoring for more details but ready to fill in any gaps with your own musings that don’t follow the data presented.
Makes perfect sense to assume Kim and Jon are sitting in the lab reeling by hand when a pic of industrial equipment is shared in a PR.
It’s not rocket science yet no one has ever successfully done it in mass quantities with the Bam-1 worms Kraig is using. Huh
Maybe we should wait for more details before assuming pics used in their own PRs are irrelevant.
“Sorry”
No you aren’t.
Remember, honesty is the best policy!
“Unfortunately, we don’t know if this machine is reeling mundane silk or Bam-1. This photo could have been taken during a visit to this reeler as negotiations were underway for possible future cooperation.”
Let’s just say we want to take the most cautious/conservative stance ever and that Kim decided to use some sort of stock photo while sharing news about the reeling enhancements and near doubling of efficiency Kraig HAS EXPERIENCED using industrial machinery.
At that point, all we would have is knowing Kraig has tweaked the industrial scale machinery and SUCCESSFULLY improved efficiency by nearly double while significantly reducing waste.
Yawn I suppose for some. Just think of all the times previously where Kraig has had production success in a commercial environment.
Yawn.
“The reason that the equipment needed to be modified is because the cocoons are small and problematic.”
Where did this PR or any previous one say the cocoons are small? Let me guess, you’re drawing your own conclusions, again?
“That is why the PR stated "Now we can focus on increasing individual cocoon size". Everyone thought that had been solved many times over the past few years.”
They are always focused on bigger and better cocoons. That will always be happening. See earlier PRs this year where they’ve already talked about how much larger and more robust Bam-1 cocoons are.
“It is also why they are looking for a new hybrid line and stated "selective matings of these top-performing moths will be used to create the next generation of BAM-1 parental line".”
Nowhere did they say they are “looking for” a new hybrid line. Constantly looking to improve, as any good manufacturing operation should.
“The current hybrids just aren't cutting it.”
WRONG AGAIN! I have no interest in the company stopping efforts to evolve and improve. Don’t think that would be a very successful business model, especially in the high tech space.
“Back to the drawing board....”
For you and your gripes? Probably
“Wash, rinse, repeat....”
Is this in reference to your tired attempts to demean and detract? Undoubtedly.
WRONG AGAIN!
“Today's PR revealed that the reeler is having problems with the small cocoons and the share price reflected this.”
Nope. Today’s PR explained how the equipment has been modified, tweaked and enhanced to produce NEARLY DOUBLE the efficiency of output that it was previously. Likely due to Bam-1 silk being a finer silk than mundane, some adjustments were made.
“Under the guidance of renowned sericulture expert Dr. Nirmal Kumar, the Kraig Labs production team modified the processing of its finished silk cocoons, increasing total silk yields per cocoon and improving reeling performance. These mechanical changes to the processing and handling of the Company's spider silk cocoons resulted in a near doubling of reeling efficiency compared to the prior production runs.”
These improvements came “many months” sooner than expected.
Kim, as always (and as any well run business should), is looking for even greater improvement.
“Now we can focus on increasing individual cocoon size, and overall production volumes. I believe that even further gains in possessing yield can be achieved over the next two production cycles."
Progress continues to come and at an accelerated rate. Looks like end of year timelines sit metric tonnage might be getting moved up again.
Uh oh.
Tick tock…
“Admitting KBLB wasn't ready, yet still filed for NASDAQ inclusion, doesn't help support
the wayward stance.”
Man you are trying too hard. Talking about Kim holding off on an uplist effort until he feels he is TRULY ready shouldn’t be something in need of debate.
Yes, Kim pursued an uplist before and was sent back to the drawing board.
Now he knows what is needed and is working to get everything lined up properly this time.
Unlike some, Kim and the company learn from the past, adjust and move forward.
Weren’t you scolding others to try and keep up?
Good advice….
When is the last time you chatted with NASDAQ officials about KBLB? Could it be possible KBLB has tabled discussing an uplist with NASDAQ until they are ready, which they are clearly moving towards as has been shown in each PROGRESSING PR.
Sorry to disappoint but I’m afraid Kim might pull this off, even without your counsel…
Great. Facts are better than opinions pretending to be more.
Opinion noted.
Any reasonable person knows the malcontents are not attempting to discuss the merits of a contract with Kings, if bigger/better options might exist, if the existing contract may need to be renegotiated/extended, etc. they clearly want to be able to state “Fail” on their favorite lists. Whether the contract still exists is different than discussing if it should or if we’d care if it didn’t.
The contract is still in effect, IMO. An initial delivery could very well happen before the end of November, IMO. An initial payment could be made by then, IMO.
Yes, I would prefer if Kraig’s spider silk was headed to a bigger name. I’m sure that will happen and could happen alongside Kings.
Everyone can see what the malcontents are attempting to do. They are wrong so I’m not included to say they’re right.
“The Kings / MtheMovement contract is valid until Nov 2024 (3 months from now).”
Agreed
You are basing your opinion on the lack of Kings being mentioned in the Q and then drawing your own conclusions. That is the definition of lack of data.
Did KBLB state the agreement with Kings has been terminated? If so, please share the link.
No, it doesn’t exist? So, lack of data.
KBLB stated they are terminating the lease at the unused facility. So, they know how to make a statement about a termination. Did they state the same about Kings? No?
Huh
I don’t think what you and Dimes think “makes sense” based on your own interpretation of the lack of data is going to be enough for me to override my own DD which refutes your opinions.
Your argument is:
1. Kings is dead because language is removed. No further confirmation like, say, a statement or note saying “the Kings deal is dead”. We can just connect the invisible, unstated dots
2. Kings ended it because, well, you know, stuff
3. Ben can’t confirm because Kim would get mad at him, it’s illegal (still not sure what that would be) and he’d get fired
What if Ben confirmed the Kings deal is not dead but was just removed as it was no longer considered “current”?
Then Ben is getting fired and he’s lying?
Geez, tough day to be Ben.
Doubt it. Strong preference for unfounded and/or unsubstantiated innuendo. Much easier to just keep never really saying anything while trying to convince people they should be worried or concerned about some unknown.
Are you really trying to downplay the difference between disease resistant/free Bam-1 and what has been used in Vietnam previously?
You really don’t think the robustness KBLB continuously highlights has anything to do with their ability to succeed?
You can’t be that gullible.
As usual, it might be a bit more complicated than you are able to see, or acknowledge.
“15 fricken years he’s toyed with his shareholders while he gets richer …another Maddoff”
And yet here you sit. Claim to know better than get sucked in by this scam but in you stay. FOMO is too strong so, even though you’re frustrated and like to bluster away about how we are just getting played, you CHOOSE to remain invested. Hilarious.
When, in a few weeks, we get news of the first commercial sale of Kraig spider silk and the share price skyrockets, you’ll be chirping Slinger and Truth who will remain determined to be negative.
Again, hilarious!
“In the same light, just because the Douchebag CEO didn't "observe" disease, it doesn't mean that there was no disease.”
Your argument is the CEO is intentionally lying about no disease because, you argue, he did not task anyone with looking for disease among the silkworm population?
The removal of a statement is not the same as announcing the contract has been terminated.
They noted they will be terminating their lease at the facility they aren’t using. So, they know how to state when something is being terminated. Yet with the Kings SPA, they figured just removing the language was enough? Huh.
Removal of old language in a section of the quarterly normally reserved for more current updates does not mean what was there before has now been terminated, ended, etc. it also cannot possibly tell us, if it has ended, who made the decision to do so.
Have you confirmed your suspicions about the Kings contract being terminated by Kings with IR or anyone else associated with the company?
Might be worth digging a little deeper to confirm vs just going with your own unfounded, baseless musings..
How would they know no disease was observed if they weren’t observing?
Only the most stubborn paid malcontent would be trying to come up with some sort of argument on this.
It’s okay to acknowledge the company has made progress. Incremental maybe but progress nonetheless.
Stop the nonsense. Cannot imagine your “all in good faith” defenders are going to back this one…
“Not a single instance of disease or infection was detected at any point during the entire cycle.”
https://www.industryintel.com/bioeconomy/news/kraig-biocraft-laboratories-concludes-spring-production-trials-of-bam-1-recombinant-spider-silk-hybrids-announces-parental-strains-are-ready-for-rapid-production-expansion-ceo-returns-to-us-to-enact-next-stages-of-spider-silk-production-expansion-plan-163206177744
Your OPINION that they haven’t created a disease free silkworm is refuted by the company. So it’s your opinion vs their findings in their tests, observed by local sericulture experts.
Oddly I’m going to lean towards the company on this one….
“Close but no cigar...”
I’d say it’s worth a cigar to have created a disease free silkworm that local experts are surprised and impressed by.
“That isn't speaking to survival rate.”
I think disease free silkworms do speak to survival being improved since disease would likely lead to a lower survival rate.
“Additionally, they are speaking to a single batch.
"One thousand silkworms..."”
Well you have misquoted the article that stated “thousands of silkworms”. I’m sure it was an honest mistake.
“KBLB has, in the past, blamed everything from mulberry leaves to infrastructure (which could mean a plethora of things) and inadequate climate controlling...
There are other possible factors, you know.'”
There are always factors. Which is why there will be continual testing and monitoring, as anyone would expect to see.
“Still identifying "most robust."”
They will likely always be identifying the most robust. I believe that is what quality control is all about. I would think we’d all want and expect ongoing monitoring, testing and improvements when opportunities present themselves.
If you are looking for a spider silk company that is not going to test their product, analyze results and continually look to improve, this may not be the company for you….
How many weeks running have you made that same prediction?
All in good faith…
“Their statement further reaffirms that Kings is out of the picture, at least for the moment. People wanted KBLB to kick Kings to the curb. I think the opposite just happened and this is not a positive development for the company.”
It does no such thing. You are drawing your own conclusions. That does not make them fact.
I’d suggest we let things play out a bit vs pretending we already have it all figured out.
I know everyone wants to be first and pretend they know something but, using a time tested approach of not having info so assuming it means “X”, does not validate a theory. It only means information is missing so you are drawing your own conclusions.
I’d say you are wrong about Kings kicking Kraig to the curb but, again, we’ll need more info to know. The lack of info does not tell me the same thing it is telling you.
Maybe hold off on the “Kings kicked Kraig to the curb and I know this because we don’t have any information” and “this is bad news for Kraig and its investors” until we actually know if it’s true vs the guessing games you are playing and hoping to masquerade as something more.
“You'll never know why because of the fixation that one isn't being on the "up and up," if they can speak both for and against KBLB.”
Show us the last time you spoke “for” KBLB.
Might have to dig back a few years. We’ll wait.
Nailed it...
“In the past, outdated information was allowed to remain in the quarterly reports. The disappearance of kings from the 10-Q report cannot be accidental.”
It’s no accident.
But it doesn’t seem as if you know why it was removed…
Who said anything about 10 Kg? This is from the most recent batch run, not the initial one that resulted in 350 pounds of cocoons.
I’m sure that was just an honest mistake…
Oops. Held 9 after a pretty mixed week of news and updates.
Next up? That batch of silk we’ve been told will be for sale..
Oops again!
Now you’ve done it…
Yep, I read it. I didn’t then come out here and claim I knew of some sort of ominous nugget from it and then not quote or share it.
That’s how this usually works. Otherwise it’s just another “boy everyone should be scared now” nonsense post..
Ah yes, the now famous ominous tone post with absolutely nothing to back it up..
Shiver me timbers…
I knew that wouldn’t be hard for you since you share the same list daily.
Was dilution pretty bad this past quarter?
Wonder why your partners in frustration/annoyance are so unwilling to state what they’d like to see happen?
Maybe because it really doesn’t matter what the company does for them, the mission remains the same?
Stay tuned after hours today. I will share how I had predicted something that happened during the trading day would happen.
More word play. So much fun.
Feel free to answer my direct question about how you will get back to YMIGH with KBLB.
Clearly you have the time and are following along...
Yep. Unfortunately I can’t say any more at this time…
“<< Are you sure about that? >>
Yes.”
We shall see…
Good “prediction” after the fact. Way to put yourself out there!
LOL