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.
What exact steel are you comparing it to?
Giving steel a strength number is not very accurate considering the amount of carbon in the steel can increase strength.
Fact is "stronger than steel" is the same as saying "holy grail".
It isnt a grail its silk.
It is stronger than steel by weight.
The statement isnt intended to stand up to scientific testing. Its intent is to let people who do not understand toughness to get a perspective in strength compared to a standard they can understand.
Spidersilk is both stronger and weaker than steel depending on the type of silk, type of steel, and type of testing.
https://www.google.com/amp/s/phys.org/news/2013-06-spider-silk-nature-stronger-steel.amp
Have a question for you and mojo. The topic of if the worms are quarantined is kinda senseless.
There is no reason to believe they were not quarantined.
I think any country would quarantine them.
So unless you think quarantine lasts forever you must think they will be released.
So my question is do you think that quarantine is arbitrary or is there a law stating they need to be quarantined?
If you think there is a law is it open ended?
"Quarantine until we decide to let them out in 50 years" or is the law worded to say quarantine lasts a specific period of time?
The only thing I have ever found on the topic stated 45 days.
If that's the law our worms are released.
What is the law?
Start with the easy one first.
I really think this is a case where the market that hates penny stocks is starting to be convinced that this isnt a P&D and the delays and obstacles that were in the path were not the typical things seen in most penny stocks.
It is also a mob mentality thing. People obviously think the stock is going to increase in value. As it does, their opinion is vindicated and they buy more causing the PPS to climb and vindicate them.
A self fulfilling prophecy.
Just as skeptics will eventually buy when they cant deny a pps move.
They get "miss the boat" mentality.
Others will actually miss the boat. They will buy the stock when the company is "real" and is making money.
That works in reverse too of course
But what would drive it back down? A lack of news? I dont see that happening. The information we have received this year doesnt really lead to the path of silence.
Waiting on VN was very capable of creating long periods of silence. There was nothing to say until they had a place to build from.
Things have changed.
I think the PPS is climbing like it is supposed to. The market is supposed to be forward looking. Until recently there was nothing to look forward to except finally being able to see if we can produce and find a customer someday.
The market is starting to look forward and see the "what if" in the situation.
Slow steady climb with some sudden pull backs as jitters cause selling.
KBLB is a problem to me. I never imagined or intended to have as many shares as I have. At around $0.30 I am going to start feeling like a contestant on "Deal or no deal".
As of 4 months ago.
Since then they have increased the OS slightly, added $1,000,000 in cash and increased the loss by a few hundred thousand in unpaid salary and announced a major unknown partner of 3 years.
LOL?
Agreed. If we can close over .12 and maintain it tomorrow without news we could test .20 in the coming days.
I think the run begins when we break .14
Yes they are in fact vastly different. They are as different as the products the companies make.
Warwick makes very high tech textiles. They dont make dragonsilk shirts. They make custom textiles. Their textiles may have DS in them with 20 other fibers to make a very specialized fabric.
Polartec is the one that would make a fabric for a more mundane use like sports wear.
They would be the company that makes a shirt of dragonsilk.
the announcements differentiate in that manner.
Warwick...commercialization of advanced textiles.
Polartec... fabrics made from spider silk
Polartec is making thousands of 100% silk shirts
Warwick is making kevlar/DS/polyester intended to make 20 pair of cut proof waterproof fireproof air tight gloves for astronauts.
Both just examples for explanation purposes.
The companies are vastly different. Their products are vastly different.
Their use of our silk would be vastly different.
And the announcements are vastly different.
Yes we made assumptions about warwick. But the announcement made was not at all the same and they did EXACTLY what they claimed with warwick.
True. and if testing was complete and they wanted to use it in a product you wouldnt see an army contract either. You would see us partner with someone who provides the army with the products they require.
Sound like anything you have heard recently?
I have no choice but to question your doubt.
What we have been told is they are in production. What we have not been told is we are in quarantine.
I understand your doubt of production. Kim has not come out and stated "we are in production". You see production must be interpreted from what he has said.
But you have no doubt about quarantine yet we have never been told that and it cant be interpreted from the PR.
I dont think there is a quarantine or jail or whatever you call it. I think there are regulations stating that the living GMO must be produced in a secure environment.
This has been a major worry of yours for years and you complained that Kim was not considering security. The chinese were coming to steal our silk and reproduce it to put us out of business.
Now we know the worms are secure. I think VN is also worried about keeping the silk inside their country.
So what have you seen or heard from the company that leads you to believe they are "in jail"?
Col That is my feelings as well.
I dont believe we will be using our fibers for BP vests at this time.
I think they want it for use in other items like (for instance) hazmat suit lining.
Example:
They do not have "bullet proof" linings for hazmat suits. What they use is silkworm silk. We can provide silkworm silk that meets the standards of what they are using as well as being projectile resistant.
It would require no extreme testing. They could approve the product in a very short time. But then Kim needs someone like polartec to actually manufacture the product wanted.
There is a lot of convolution on the board.
Army contract is not something we will ever see for more than a testing application.
They dont buy silk and produce hazmat suits in sweatshops somewhere.
They will contact their current provider of suits and inform them that the products they make are to be made with our silk.
We will get partnerships with companies that have contracts with the army for suits.
JMO
I think the problem you are having is you are convinced that the worms are in quarantine.
I almost feel like that is my fault since quarantine is a word I used months ago.
Please take a second to read the PR about our production. Notice the word quarantine or any other synonym is not mentioned in the PR.
I think the point we disagree on is prodigy.
I dont think it is going to be what you are assuming.
It's just my opinion though. You could be right.
They wont need much for prototypes so the pilot could be plenty.
If you are right I would expect the PR you are talking about very soon.
I dont think Kim would make a deal without knowing he can produce.
If they can produce here they will do great in VN
Doesnt really matter does it?
Are we not supplying it if the silk is from the pilot facility?
Thing I am saying is that if Kim was going to put out a partnership pr like the competition and not supply the silk he would have done it years ago.
He waited till now. IMO it's because he can supply it now no matter where from.
JMO but the difference is now we have VN so I think that would be where they are producing it.
If from the pilot facility it also could have been announced years ago.
Mojo your logic is very good
It's kind of expected in any stock. You dont get a 100% gain without a pull back. I didnt expect it for a couple days but I forgot that it's technically friday.
Typical penny would have crashed to .02.
Its holding .10 on a high volume sell off. That's a good thing.
.094 was as low as I could get. That was an unexpected dip.
Something I saw makes me think you might be closer than me
JMO but we cant do 60m for at least a few years unless the government decides to adopt the silk as some kind of nationa product
Just quick reference numbers.
Polartec has about 240m in revs.
So 60m would be a 25% increase in revenue.
The highest quality mundane silk is about $60k a ton.
So we need 100 tons at that price.
The country produces about 450 tons
So we need 20% of all silk production in VN to produce that.
It is doable but we need to either take over a few silk/mulberry farms or start a few from scratch.
Guessing 2000Ha of mulberry
My prediction for tomorrow is a small gap open at around .124 close the day at or near the high of .18 with 14m+ volume. Low dip into the .107 area
just my WAG
JMO it's because there are no numbers attached to the pr.
We have to guess what that means. This will lead to profit taking.
100% gain in a day is hard to say no to on the hope it will continue.
I think traders with more guts than me are flipping today but trying to reload.
I think this will take a few days to start looking for a real top.
I will guess we have a .12+ close with 20m volume.
Will also guess for another pr this week
JMO mojo but polartec is very big on environmental protection and renewable fibers. I am thinking they may have had a say in this portion of the PR.
The redundant "spiders cant be farmed" statement found in nearly any spidersilk PR seems to be edited down. That isnt like Kim. He says it often
The "competition" line was definatly a nose rub but I think Kim deserves a little bit of vindication.
We may not have made anything yet to give use a real valuation, Polartec has a valuation.
$234m in revenue
While that does not give KBLB a value I think their confidence speaks volumes.
I think I will rely on their confidence before worrying about the value of KBLB before they have a customer
Red, any idea why Kim has not mentioned this in a PR?
JMO but I think the PR order would help the pps.
A release saying they are producing samples and then a follow up a week later with today's news would make sense to me.
As opposed to getting today's news without knowing we are "allowed" to be producing samples.
Been waiting 9 years 318 days for today's PR so I dont really care which way he does it.
I am just always puzzled by Kim's public info releases and his PR plan
Hope how many days till we hit a top?
I am guessing the top comes sometime next week with a retrace and bounce back up.
My chart is broken. Under my personal charting rules I dont look back long enough to include the PPS history above .10 so I am just guessing at this point.
Would love to catch the top and flip for a reload on the retrace but I think I would be risking too much.
Thank you Midnight. I thought I was on the wrong board.
I think they are all busy trying to find 1.2 gigawatts of power for their delorean so they can tell us next week how they bought at yesterday's low.
I think the statement was we will see .08 before .06.
I was almost wrong.
Almost.
Are you chasing the pps now or did you just happen to buy at the low again?
Seems like we are stepping on the face of Bolt Threads a bit in the process of breaking into commercial production.
That isnt what I see.
If you take all the bad and all the good possibilities and you currently hold shares at .0629 every bad thing that can happen all at once and your loss is .0629 per share.
If every good thing happened at once you gain .9371 (assuming the easy one dollar price of things went perfect.)
So 6:94 is the risk return ratio.
Considering the probability of either happening is about even there are not much better set ups out there.
Not all of it.
There are plenty of ridiculously pessimistic predictions as well.
And if the company provided no tangible information we wouldnt know they exist, they are in VN, the eggs are being tested, ect ect ect.
Yes we dont get to hear news to send us to the moon and back 10 times a year.
That's ok with me. I have dozens of other pump and dumps I can play that game with.
We dont get the news we want here. We get the news there is.
I agree with your point of view and I am not really arguing with them.
My point is that some of us have forgotten the source of our complaints. Some of the things we say are falsehoods given to us on this board.
"We have failed to mass produce for ten years." Is a message board complaint. It's been repeated so many times everyone just repeats it thinking its true when it isnt.
I want facts too. That just isnt one.
"The worms are out of quarantine " is exactly the sort of statement to be the next "fail"
In a week or two if Kim doesnt put out news you will see the statement..."we were told the worms were out of quarantine but Kim lied again"
6 months later we will be still hearing about how the company is a scam and Kim lies all the time like saying the eggs were released when they were not.
If Kim said he will do something and doesnt it's a fail.
If I say he will do something and it doesnt happen it isnt a fail for kim.
We need to remember that here since one of Kim's fails is communication. Rumors tend to get repeated in the silence and taken as fact
JMO
Ok so which of your 2 goals is the goal?
And 10 years ago the goal was mass production?
Of what? There was nothing to be produced.
That is because the goal ten years ago was just getting DNA to stick
So mass production is the end goal?
We dont care if anyone wants it. We are a success if we can fill a landfill with it?
Mass production isnt a goal at all since it cant be defined.
Someone making personalized cancer treatment doesnt care about mass production at all right? They need just 1 of each.
We need revenues that can produce a profit.
If that means Kim needs a single cocoon to make a million dollars after some sort of post production treatment we never need mass production.
My point is the view is today is he needs enough to supply a single customer ANY amount on a regular basis.
If they want 20 pounds a month of silk and are paying us more than it costs to produce that is reaching a "mass production" goal.
Right now mass production is impossible. There is no way to commercially produce an ounce from a quarantine.
The goal is to get them released.
Longer term goal is production. But they cant fail at mass production when they have never attempted it or have been in the position to attempt it.
They certainly have not failed to mass produce for 10 years.
I will rephrase that to say "public" goal.
I am sure there are a few goals that have been reached that we are completely unaware ever existed.
The market has it's own goals. Thing is there is never just one. Revenue stream is a goal. When they reach it they reach for doubling revenue.
While mass production is A goal it is not the only goal. Many have been reached and many more still exist.
I think the problem is really listening to assumptions and repeating them until we believe them.
We have not been working torwards a goal of mass production.
We hear this statement repeated endlessly but that "goal" is far too specific.
It's like saying we have had a goal of being a 50 billion dollar company but have not got there.
The goal isnt mass production and hasnt been.
The current goal is to have the VN government release our worms.
Maybe after that the goal will be mass production but I think it will be any amount of "consistent" silk of a sellable grade. THEN production of masses.
The company has been working on this for a decade but to say they have been attempting to mass produce for 10 years is wrong.
10 years ago the goal was a single worm with any amount of spider DNA in it.
They reached that goal and the next goal was a year later as the strain had the genetics transferable and crossed with a commercial.
The next goal was to make the DNA actually give it some properties of spider silk.
That took a while.
Then the goal was to find a place that we could feasibly set up shop.
5 years later here we are.
About to finally set a goal of mass production.
About to.
JMO but we all hold kim to specific words and some call him a liar if each word isnt specifically true.
I think we should hold ourselves to that same standard
I am curious about your opinion of the company.
In your experience of scams in the OTC is KBLB being run like the scams you have been "invested" in?
Or are they doing things the right way?
LOL forced?
So Kim...the guy attributed to being stupid, incompetent and a scammer "forced" a university and its teams of lawyers to invest into a "scam" with 3x the amount of money than he "ripped off" the first time?
And why do you suppose they didnt just call in the debt, take kim to court and take away the assets?
That would seem far cheaper and they end up with all the research.
Or....
You are just wrong