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kuwait granting notre dame a patent
Wait, what? A message from Ben was not enough to settle this? Wow, slow news day I guess.
So, the preference would be we hear nothing from the company vs updates that at least provide some information on what is happening?
Don't we have people on this board with Ben on speed-dial? How does he (e)sp(la)in "inputs"?
The statement was written in a very cryptic way, as if to prevent anyone from deciphering it.
All the more reason to put his cards on the table. If he wants the PPS to rise, and everything seems like that is the case, then why not be transparent about it. Here, I can draft a PR for him:
Jan 2021
Kraig Labs is happy to announce that it has transitioned away from a primary focus on R&D and is now channeling all resources into production efforts in its subsidiary Prodigy in Vietnam. As part of this refocusing, we are sad to announce that our Chief Scientist Trevor Kane has ended his employment with Kraig Labs. He has made many amazing contributions to the company's technological advances, including playing a critical role in achieving near-pure spider silk. We are in a strong position to begin mass production because of his efforts.
Isn't that exactly what everyone has been waiting to hear?
Dr Kane's departure is part of the Company's re-focusing of resources to align with those objectives
I know this is hard to accept but the company is continuing to move forward.
They are growing.
Expanding staffing.
Accelerating production timelines.
Continuing to pursue up listing to a higher exchange
expansion
and pushing FORWARD.
If it was a pay issue, then what is the bridge money, etc. being used for?
There are many people that are "expected to begin" becoming zillionaires
The Company seized the opportunity to expand near-term production of its eco-friendly spider silk when it was able to secure additional production inputs.
Except for the fact that the PR curiously didn't mention Polartec, only M the Movement.
you will see news of the first shipment of spider silk to Polartec soon enough, IMHO
All that KBLB ever "produces" is PR after PR of forward-looking statements
Notice the words "commercial production". That signifies that KBLB was supposed to make significant amounts. That was what investors were expecting. Investors waited 4 long months for news.
But instead KBLB delivered a "small shipment". LOL.
And instead of shipping the product to a customer, they shipped it to themselves. How pathetic!
I can see things from your point of view. I used to hang on to every positive word that was in PRs. It was just right around the corner! So close! They're ramping up production! They have buyers lined up! They are fixing bad genes! They are making it even better! They're holding a shareholders' meeting! That is significant! The last one was in 1969! They have theoretically achieved pure spider silk! Now they just need to produce it! Now they're ramping up production again! Now they have more buyers! Now they have a longer list of interested parties! Now they are presenting at a conference! Now they are ramping up production again! Now they have a renovated factory so they can ramp up production again!
Now try to look at it from my perspective:
1. Until they ship a substantial amount to a buyer in fulfillment of an order all of it is a shell game.
2. The M contract wasn't for 40 million; the real contract was for 250k in exchange for stocks. The rest was the equivalent of garnish on a dinner plate--makes it look nicer, but no one eats it.
3. The honest truth is we don't know why Maxim jumped on board. Yes, they did. But we don't know what the selling point was. And to assume it was all positive, rainbows and unicorns and an endless gravy train just waiting to burst forth is ill-advised.
4. I don't think they're idoits. Idiots don't run shell games.
All of us on the board hope they succeed, else we wouldn't be here.
But the fact is that dots are starting to connect in a way that none of us want them to. So let's call a spade a spade and look at things from an objective standpoint.
JMHO
Arachno,
Even I am dumbfounded by your unending optimism of this company and every snippet of ambiguity that they issue forth in PRs. I'm not sure how anyone who has been paying attention over the last several years can maintain that level of optimism. It's still a shell game, even after this PR. The proof of concept will be a PR along the lines of:
1 ton of metric Dragon silk was shipped to Polartec yesterday.
That there, one small sentence, would be a game-changer. Until then, the only change is guessing which shell the would-be, should-be produced already silk is under.
I'll volunteer! Vietnam was fun the last time I went.
ES1
300% is a bit generous, given the PPS was .0668-.07 on 2/4/2019. More like 200-210%. The issue with this outlook is that the meteoric rise of the PPS back in early 2019 was before the R/S announcement, well before.
As to your second question, I don't know. Lots of people fear it. The PPS is more or less tethered as a result. But you're right, part of me thinks "Just do it already and let's see where it goes."
I should have been more accurate in my statement: rather than "a repeat of the last two years," how about "the same ol' same ol' since the first announcement of the R/S in 2019."
Lastly, it'll be a great buying opportunity if KBLB has something substantial post R/S. Otherwise you might as well just donate to charity.
You said
Kblb signed a multi million dollar contract after years of waiting, a proof of concept and a proof of a successfull technology, but the pps doesn't reflect it all all.....
Are the other board members seated yet? I've lost track. Or is this "unanimous consent" just the CEO talking in something like the king's "We"?
Not that it really matters, per se. With the R/S looming over the stock till the end of the year, it's a repeat of the last two years...
Happy, happy, joy, joy!
For now, a release stating a successful offseason endeavour would be meaningful, in so many ways.
The optimist will view this as "what we have been waiting for!" And the argument of "why would they sign the contract if there were no ability to produce metric tons?!?" will reverberate around this messageboard nonstop.
The pessimist will say this is, in essence, a deal to sell 1 million shares of stock for .25 a share, with a bunch of nonsense fringe garnish to make it look like a legit business deal. He will point out the weird wording of "firm commitment" re the 32 mill, the fact that the contract can be broken in 60 days even though it should be a 4-year joint venture, and the fact that they emphasized ASEAN so that no one will worry about Polartec, etc.
The investor might say, 47% bump in PPS man! That's all I care about.
For me, I'd like to see a PR that says, "We produced X metric tons and are how shipping the silk to M or Pol or wherever, and have signed a real business contract with them for more.
Until that PR, the pessimists seem to have a point (and 10+ years of history on their side).
But look for the PPS to try to get above .25 with future PRs so that M can get their money back.
What's more, TRUTH, is the statement
in exchange for a 4 year firm commitment to purchase up to $32 million
I wasn't talking about you specifically.
Since you brought it up, I don't know that Kenneth Le is still a Vietnamese citizen. He lives in SF, per his FB page. If he isn't still a VN passport holder, I don't see him being able to help out.
Still no flights to Vietnam, except for
* The Vietnamese Prime Minister reaffirmed June 24 that Vietnam will continue to suspend entry into Vietnam to all foreigners, including people with a Vietnamese visa exemption certificate. Only Vietnamese nationals, foreigners on diplomatic or official business, and highly skilled workers are allowed to enter the country at this time.
https://vn.usembassy.gov/u-s-citizen-services/covid-19-information/
So does Jon Rice count as a highly-skilled worker? Who knows!
M4N I can see your point. However, the sole point of the RS was to up-list. I agree with you on Vietnam. We've been waiting since the debacle of winter feeding to get eggs back there. People thought it would happen in May, but I posted back then that Vietnam was not allowing foreigners to enter the country (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155626471)
The response was, there's always a way for businessmen. Ha. Here we are at the end of July and the only "news" through the grapevine is that Jon Rice will be going "soon."
If the RS was cancelled it is likely because the application to up-list got rejected.
So the question is: Will that be viewed as good news? Or bad?
Truth, here's an interesting post about AMSilk from 2012:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=71454292
The board might be interested in this article on gene editing:
https://theweek.com/speedreads/920290/scientists-made-1-small-edit-human-embryos-lot-unintended-consequences
My guess is Equity Standard.
Mojo,
who is going to sign a contract for product with a company that hasn't yet produced any?...what big name wants to associated with a broke penny stock company?...
Great post Truth, this pull quote is enlightening and in line with what was discussed last week on the board:
Silkworm is a cold-blooded animal, respiration by the skin, very sensitive to pesticides, chemicals, toxic gases, mold. In principle, mulberry and silkworm farming should be concentrated into specialized areas, with separate plans and strict standards and regulations, but in many localities today, mulberry and silkworm farming is proceeding in an intercropping style. “Strawberry garden planted next to coffee garden. When spraying pesticides for coffee, the vapor flew to the mulberry garden, picking to bring about silkworms, silkworms died in mass.
Arachnodude, (aka Spiderman?)
Yes, the points you outlined are valid points. However I think you're overlooking all the requirements of up listing to a national exchanged.
One of the requirements is to have a BOD. (Hence, the PR)
Another is to have a certain amount of money in stockholder equity (the amount of assets remaining in a business after all liabilities have been settled)
Yet another is to have the stock price be at a minimum requirement.
I'm not of a mind to look up right now what other requirements there are in addition to these. But these three suffice for our present discussion
Currently, of these three requirements KBLB meets none of them.
So, seating the BOD will meet the first one. The PR said that will likely happen in the next 60 days. And the stated purpose was to up list.
Stockholder equity is the big question mark. My assumption is that there may be some funding offer on the table after (I know, I know) the last webcast.
The stock price can be "neatly" taken care of with an R/S. But it seems risky. The other option--organic growth upwards--seems out of reach in the next 60 days.
It could be the case that (purely speculating here) Kim has a finance offer he is willing to take, and thinks the news of that coupled with some production positive news will up the price north of $1, or even to the target price. Who knows what his short game is. All we know is that something is afoot as indicated by the PR.
A: I think the answer to your question is that the RS is needed to get the PPS up to 4 or 6 dollars, or whatever is necessary to up list. That was the only stated reason for the RS. At the time they said it might not be necessary, but from then to now, the price has just gone down.
Since the PR stated that they're seating the board for the purpose of up listing, then something is going to have to happen to the price. Either 1) a ton of good news (organic) in the next two months, or 2) RS to force it there.
Pure stupidity or not, I seem to remember Kim saying the motivation to up list was because that's when financing with much more favorable terms would be available.
If my memory is accurate, I wonder how we are going to meet the cash requirement to uplist...
mojo, a careful, critical reading. I concur. Most of the statements are fluffy meaninglessness. I can't remember when we last had a clear statement in a PR.
Anyone?
What if there was some venture capital people or others (Dupont, etc) who were willing to invest 5 mil into the company after the announcement of purer spider silk? I'm not talking about the likelihood of someone doing it, just what if there was financing like that?
It seems to me that we are Vietnam because of the history of the silk industry there, and also because there are heaps of poor farmers in the area who are willing to work for low pay. It's all about the money.
The last video conference talked about bringing production back to the US. That's going to take a lot of capital. Where will that come from? I don't see it coming from whatever sales will occur in 2020.
There has to be something with financing or a sales contract that brings an initial influx of money with the delivery of minimal silk.
Just trying to connect the missing dots.
The way I see it, here are the main points of the issue:
1. The option for an R/S runs out in July.
2. The purpose of the R/S was to ensure KBLB could up-list.
3. The purpose of up-listing was to allow KBLB to get access to better funding.
4. Funding is needed to grow the business--KBLB's financials are not good.
5. Because of a lack of money, there was no desire to seat the BOD until it became necessary.
6. The BOD is necessary for up-listing.
7. The PR today said that plans are to seat the BOD in the next 60 days.
On the other side of the equation:
1. KBLB has a customer that is very eager to get their hands on spider silk.
2. There are other potential customers hoovering in wait too.
3. Eggs should be going to Vietnam soon. (How soon is anyone's guess.)
4. The silkworm rearing cycle is something like 45 days.
Upon delivery, a contract would likely be announced--especially if what was said in the last PR about improved quality was true.
I think this all points to Kim thinking something production-wise will be happening and newsworthy in the next 60 days.
Mojo, can you explain why the BOD
would never go for it and also because they likely want NO PART OF IT...
Also, Jon or whoever would have to be in quarantine for 14 days. So does that mean that the eggs won't be delivered until after 14 days, or will there be delivery before then?
And where are foreigners quarantined if/when they arrive there?
These all have an influence on any timelines guessed at.