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Yes I know. I wasnt asking if there was ever a PR put out about PRs being put out.
I am wondering if those that have actually spoken to Kim or Jon has ever asked them directly why their content is empty of details.
If I need a PR recap I can get it on the web site.
Asking ben these questions is senseless since he really just a relay and hes good at avoiding questions.
We have a few here who are in contact with Kim or jon.
I would love to hear their explaination for the lack of detail.
Some like to try to get us to think Kim says nothing. But that is far from true. What he does say lacks details.
Secrecy doesnt account for that so I am curious why they do this
Why would that crimp anything? A PR is a one day event.
We dont need 20 days to have a 1 day event.
I am more curious about the lack of a PR than worried.
Financing is the only reason for silence IMO.
But then we are dealing with Kim who needs no reason to remain silent.
Has anyone ever just asked him why he doesnt put out information?
I would love to hear his reasoning for that.
But I can not help but see the good side of the silence. From my experience in the OTC silence is far from the norm unless a company has finished the P&D and the officers vaporize.
Kim in unlike that. There are no weekly PRs trying to convince the market that something is impossible is coming.
His failures to meet expectations is like other OCT companies. Its actually failure. It isnt that a lie is told and when the deadline passes the CEO disappears.
Kim gives estimations and fails to meet them but continues attempting to reach the goals because his goals are real
I wish he had a bit more of the P&D CEO mentality. I would like to see him actually try to sell his idea to the market.
I dont understand why he doesnt.
Wasnt much money since I think it could be a gamble (for trading at least). As long as my average is under .045 i am happy with more.
I am still seeing the .0675 as a bottom.
Could dip lower but I dont see selling as any less risk than buying at this time. So a dip wont last.
I was expecting a bit more price volatility with a higher top so the pps isnt as strong as I was thinking it was.
Interesting trading dilemma for the market.
The longer we go the more likely we are to lose price strength but the more likely we are to get our PR.
I think the strength will hold.
Where do you see the bottom?
My guess is someone is shorting. I got more shares at .0675 than the trades show. My fill was actually shown at a higher price than I paid.
Also the sell side volume today was out of proportion.
I expected more volume at. 0675.
But my estimates have been off on timing since the news came out
If it's going to drop more then wouldnt it be a bad place to reload?
I got my .675s finally. Thought it would happen last week but I seem to be a few days ahead of the market on my guesses lately for some reason.
.071 close
Already hit the low for the day
It would be more efficient.
Just for perspective we need 1 million worms to make a ton.
they need 1 million liters. A cylinder 20 feet in diameter and 6 stories tall to make 1 ton of silk goo.
Then they have to separate it and find a way to spin it
Not the best yield from 2 liters.
The space requires is also pretty astronomical.
Consider a typical 2 liter bottle.
That produces the same spidersilk made by 2 cocoons.
I think they need a stadium and not just a football field to produce any volume.
JF Potts has at least a 35% ownership. 51% when the agreement fails.
The question is when does/did it fail?
Me personally I would consider it a fail and would have already pressed the issue to gain controlling interest.
So when does Dan default on his agreement with Potts and lose control of the asset?
I dont think being the 43rd group to make spidersilk goo from bacteria is news worthy at all.
And they could produce tonnage there.
Just like they could produce a few tons on an acre plant.
I thought we were talking mass production not just 20,000 worms a day.
A few tons wont keep the lights on
But with farmers growing the worms and the processing being done in a 46k foot factory I could see 20-50 tons being processed.
That would pay a few bills.
Or one could learn the trading patterns and invest here and make more in a day than you could in a year at 4%.
So since we didnt get a PR the company is shut down?
We need a pr every day or nobody is working?
What about in the hours after a PR.
Are they doing anything 2 hours after a PR or is work only being done in the 2 min while we read?
What is the PR requirement in order to maintain operations? Once a day? Once a week? Every 15 min?
The lack of a PR doesnt mean nothing is happening.
Mojo...it isnt huge.
Its half the size of an average grocery store
From my understanding this is the process used world wide to produce silk.
It takes far too many worms to produce a ton to try to mass produce in one location
A football field isnt all that big Mojo.
its a 200 foot square. About 4 average city home lots.
Its quite small for a manufacturing site. Kim needs in excess of 300,000 feet to really make any sort of volume.
Just as an example a US silk mill at the turn of the century (Simon silk mill) is being renovated in Liegh valley.
when completed it will have 150 residential units, which will be located on mostly the upper floors of primarily three buildings, and about 125,000 square feet of commercial space.
That is how big a silk mill is. Ours as you use to love to say is just a "shoebox" in comparison to any other silk mills.
I doubt they could raise the worms for more than 2 or 3 tons out of a 46000 square foot factory unless it was filled with nothing but worms stacked 20 feet high.
JMO
Would love to see a silk mill that is only 46000 feet and making any money. A 46k foot facility to process cocoons could put out some decent volume but not including raising worms
JMO col but I think if the samples that they sent to the army are even close to what they want it will be close to the last time you hear about the army until they selling silk.
My guess is if DS2.0 is something they want you will never hear about it again. There will just be quiet contracts with the DOD for purchase of "silk".
We will never get properties or quantity only dollar amount.
I could see them making a wholy owned private subsidiary that deals with the military.
They would have no reporting requirements and subsidiary production would be obscured from the public. It would simply be an investment of KBLBs on paper
Bummer.
KBLB been nothing but a let down for you.
Think we see 8 again before we see 6.
I tried to get some high 6s but there doesnt seem to be near enough selling.
Maybe if those mythical shorters were a bit more gutsy but it seems like the market wants the pps higher.
Think they cover or do they go for broke and tempt getting a margin call at .09?
In "debt"...to who?
The way I see it is there is a serious lack of complaints.
People are complaining that "working with the government on the best path forward" means "not working" with them.
We have complaints about placement of wording found in the 10k.
And complaints that they are completing work on a building.
Is that all there is to complain about?
Kim sold 15m restricted shares to someone and we were told that the mass dilution was the end of us but apparently those 15m were the only dilution in 4 months.
IMO the serious reaching for something to find fault with is the best indicator I have seen that the company is about to burst at the seams.
Time to bounce around but still think it will be in an uptrend. Similar to the .07 area. With about a .078 midrange. Close of the week should give a little boost.
The market is ready for a good PR. I wish Kim would do it.
We know Kim is working out financing so that could be a very good reason for the wait.
I would think the worms are ready for prime time.
I am looking for one of those sudden dips to buy on but cant be home to watch every day so I am sitting in the high 6s just in case.
I think tomorrow we see a dip and recover.07 getting touched and return to .074 on low volume
Just my guess
Then back up
Nope, but looks like it will close at .079 today.
I dont see this as a requirement.
The army had specific requests because they are trying to stop a projectile.
But making a sports Jersey out of fiber tougher than what is currently being used needs no real specifics.
If what they use now is good then a tougher fiber for the same job is enough and specific strength isnt required
Been out of town all week and have not been watching the day to day action. It's looking pretty strong.
Need to close above .075 today an I think .08 can break this week.
Maybe that .085 but I am not sure it will hold above the .085 without it.
But my guesses have been delayed lately
I expect a move and it doesnt happen for days after i expect it.
Maybe monday in anticipation of news
PFS that .15 is still a possibility but it is looking like it wont quite make it without a fairly substantial PR this week.
When can we take another guess? LoL
Oh its 20+ years bob.
Randy Lewis had his goats back then and he was involved with kblb way back so soon we should hear "it's been 20 years since they had spider silk what is the problem?"
No it has not.
It hasnt even been 9 years.
Technically it's been 8 years since they had a worm thought to be marketable.
It's been about 5 since they actually had one.
It's been a few months since they had the place to do it
Kim getting a salary is expected.
But he has not recieved his salary as you know since before the PRs that was the topic of choice to try to put fear into investors.
Remember?
So Kim's salary that he has not gotten is not any form of abusing the shareholders.
Kim's dilution is as little as possible to keep the company running without racking up debt.
That is very sound business practice.
Every investor is aware of it and has been since they submitted the SB-2 form you just linked.
That form states quite clearly everything that anyone has complained about.
All the crying by people about dilution, salary, bankruptcy etc etc etc.
All those things people feel the need to warn the board about endlessly are all public knowledge and accepted by the shareholders as a good risk.
Only people who are not shareholders are surprised by the public knowledge and come here to complain about it like we all dont already know it.
Fact is you can not point at KBLB dilution and show any abuse. There is no ATM attached to the company.
How about selling a product...
I have never known a business to be able to produce a product without a single dime.
As far as I am aware every company that ever existed had funding FIRST.
Care to show me an example of a business that produces at zero cost?
So maybe rethink your answer and see if there is anything logical you can think of.
How long do I think it should take?
Time for freedom is not up to them. I would only be able to guess.
I assume their testing would require a control group of silkworms being raised in an area isolated from any contact except air being raised with a group of our worms also isolated.
Following a hatch and mating cycle and a second hatching the worms in a control group would be tested to see if our moths found a way to contact the control group.
That is just a simplified explaination.
So by my calculations that would require at least 75 days plus lab work(2 weeks?).
Since mid December is the start point that would put us at having our freedom granted approximately yesterday.
Kim will hopefully have a good amount of cocoons from the secure lab. But he will likely need at least 2 generations before he can have samples.
Say late june.
If he has customers as eager as he has stated I would expect that it wont take them long to get their lawyers to do the contract thing.
If not as eager it will take longer but I think he has at least 3 chomping at the bit.
So I would say 60 days is a safe guess.
Around late August AT THE SOONEST we can think about a contract. Q4 I think is more likely.
This all depends on food supply and silk demand.
If the client wants 3 tons and there is only food for 2 kim wont be talking about contracts in aug.
I expect silk production to be small and steady. It will expand with the food supply so I expect to see some of that million go to trees.
But I could be a bit ahead of myself since I am not sure if Kim plans on doing his own reeling.
If so he will be better served to spend it on machinery.
All in all I have already heard what I needed to hear.
I am not waiting on the big PR, we already got it.
I am just collecting shares while I watch the company grow. It has grown nearly 10 times the size it was when i invested.
Its growth is greater than its dilution. That's all I can ask for as an investor.
As a trader I would like more hype but there are plenty more stocks like that to play with
They dont need more time to be able to produce.. They need more space.
Finding the space took time too.
And they have not had 12 years.
They have had around 7 since they had a worm for commercial use with spider silk in it.
They took about 4 years to get the breed stable and ready for sale and scale.
Getting the space has taken a few years as well. Now they have the space they need the freedom.
That will only take a few months.
Then they need time to negotiate a contract. That shouldnt take too long.
Then they need the time to produce.
Then we will need to wait for the end of that quarter to see the sales
After that they will need to wait for the client to produce their product.
THEN we will become far more popular.
We should be use to waiting and ready to wait longer.
All they did was finance the operation in exactly the way any financing is done.
Can you show me any financing that costs a company nothing?
I would rather issue shares than debt.
Shares dont come with interest and people calling in a loan and pushing a company into bankruptcy.
Bottom line is anyone investing here is already well aware of how the company funds its operation.
The company has never abused dilution to stuff their pockets.
Sniveling about Kim financing operations is ridiculous.
Any explanation of how the company should get funding besides selling shares to someone?
Fact is Kim getting a million bucks from someone with skin in the game is FAR better than selling to a hedge fund who will pump and dump the stock.
Only problem with your theory is that Kim can pay them.
As long as KBLB has shared available and people willing to buy them they have unlimited funding.
Fact is nobody with the slightest amount of critical thinking would agree with you.
I owe you 10 bucks. I dont pay you. You want to sue me but instead I talk you into giving me 30 bucks.
That doesnt seem logical.
I owe you 10 and dont pay. So when you get pissed I just say I will pay you 30 someday.
And you accept.
Not logical.
Can you give me a scenario where what you claim actually makes logical sense?
Why would anyone agree to take on more debt when they are willing to sue to get what was not paid??
Why would ND accept equity over payment in a penny stock with no income?
Some try to twist everything as a bad thing.
This was an easy one.
But the easy answer lacks common sense.
What's your chart say Hope? I seem to be broken.i was expecting a fairly heavy down day today.
Was looking to buy maybe if it dropped enough.
Now I see it as going up from here possibly a very big jump tomorrow.
Shoulda bought friday but wasnt home to watch
Truth there are actually 3 sides to every coin.
One is just round and explains the circular arguements.
As mojo just stated if the money moves them forward it's all good.
This is why I have never worried about the dilution here.
When I signed on I knew I was financing the company. It was very important to watch what Kim does with the money.
I have never seen him abuse the funds provided by us.
There is dilution. Then there is toxic dilution.
If the market cap increases with the dilution it's ok with me. I will buy up my share.
Bring on 50 million in dilution of it grows the company by 60 million
JMO Professor but no friday drop was not this.
There was no dilution selling and wont be.
A private placement is only done to accredited investors.
If I remember right a private placement issue is restricted for 6 months.
We should be getting an 8k today.
It's odd that there was the announcement without it.
Just a spot of hopeful spectulation...
No 8k today because there is more on it than just financing.
I say we get another PR this week with an 8k detailing who gave us a million bucks and perhapse a little bit bigger piece of news.
Just a wild guess
Jmo but I think Ben is no more than a buffer now.
Assuming he was the IR that came with the CSC deal he has kinda lost his value. But to dismiss him means the phone just rings or Kim hired another Ben.
I think his info was a bit more accurate a couple years ago.
Now he basically knows what we know but is good at pacifying.
I get decent clarification on public information from him but knowing if PRs etc I dont think he can do more than guess