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Caseypo
Ben did respond by saying that he has sent a copy to Jon asking if it has been singed yet. He also said that Jon has been very busy lately and Kraig may decide to PR this information.
I suspect that KBLB will PR the information early next week then have the News letter at the end of the week.... could be a good week!!!!
Golferman
Great opening...... I believe we will break .08 today.
igotthemojo
Speaking of financing I like the reference to financing (investors) in the document. Looks as if news on new financing will be coming soon as well.
DECIDED:
Article 1. Establishment of the working group supports JSC Kraig Biocraft Laboratories Inc. (USA) implemented Project Research Center, developed sericulture tech at Dai Hiep commune, Dai Loc district (hereinafter referred to as task Force), with the following components:
1. Head: Mr. Le Tri Thanh - Deputy Chairman.
2. The deputy:
- The Deputy Permanent: Le Muon - Deputy Director, Department of Agriculture and Rural Development of Quang Nam;
- The deal: Mr. Vo Van Hung - Director, Center for Public Administration and Provincial Investment Promotion.
Tran Van Mai - Chairman Dai Loc district.
3. The members of the working group:
- Mr. Truong Cong Tran - Deputy Chief of the Provincial People's Committee;
- Leaders of the Department of Natural Resources and Environment, Planning and Investment, Finance, Science and Technology;
- Ms. Luong Thi Thuy - Head of Information Science, Department of Agriculture and Rural Development;
- Nguyen Thi Minh Tam - Economic Sector Specialist, Office of the Provincial People's Committee;
- Leaders of the General Agreement of CPC, Dai Loc district.
Numbers: Natural Resources and Environment, Planning and Investment, Finance, Science and Technology Committee Dai Hiep commune, Dai Loc district assigned leaders join the working group, writing to the Department of Agriculture and Development rural development and the Center for public administration and provincial investment Promotion before 04.24.2017 to synthesize and report information to the PPC and project investors are known to contact the settlement work.
Article 2. Tasks of the working group:
1. Follow instructions Corporation Kraig Biocraft Laboratories Inc. performed the administrative procedures related to the implementation of investment projects Research Center, developed sericulture high technology to ensure compliance current regulations of the State; resolve or advise PPC resolved under the authority of the recommendations of the investors in the process of project implementation
King Bolaba
I am not sure if this document has been signed yet. I have sent an email to Ben asking that question.
He has mentioned the company may plan to Press Release all this information.
However it does look like Vietnam is a done deal.
Golferman
The heading for the document is
Task Force established to support JSC Kraig Biocraft Laboratories Inc.
also in the document
Article 3.Office PPC, Director of the Department of Agriculture and Rural Development, Natural Resources and Environment, Planning and Investment, Finance, Science and Technology, Director, Center for Public Administration and Investment Promotion province Chairman Dai Loc, Chairman Dai Hiep commune, CEO JSC Kraig Biocraft Laboratories Inc. and the members named in Article 1 basis execution decisions.
Lebbe1 .....great find!!!
WOW you are the man.
I have translated the document into a PDF version which will make it easier to read.... I will be also send a copy to Ben asking if it has been signed yet.
PDF link below....English translation on pages 3,4
Task Force established to support JSC Kraig Biocraft Laboratories Inc.
Es1
Just my guess on pps. I an thinking we have a month before delivery.
VN is a wild card that will keep the pps above .06.
EOD the pps will slip.
Think .064 will hit later this week and SS news letter will keep it between .067 and .07.
I am sitting at .064 hoping.
Es1
I think a 500M market cap is a good estimate by Christmas this year.
**************
500,000,000 market capitalization is
OS shares 773,627,964
Calculation share price
500,000,000 / 773,627, 964 = .646
Yankeeclipper
Yes I would agree Kim has already got the new financing arranged and it's conditional on Vietnam approval.... The present CS financing is up on June 5, 2017
**************************
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126335229
To me it looks as if the financing with Calm Seas has 2 events which will terminate the Agreement.
The date of June 5, 2017 or when they have drawn all the funds of 7.5M
Page 3 on the Agreement
Quote:
The Letter Agreement will terminate when any of the following events occur:
- Calm Seas has purchased an aggregate of $7,500,000 of our Class A common stock; or
- The second anniversary of the effective date of the registration statement covering the Equity Line Financing with Calm Seas under the Letter Agreement.
http://filings.irdirect.net/data/1413119/000135448815001589/kblb_s1a.pdf
Quote:
NOTICE OF EFFECTIVENESS
Effective Date: June 05, 2015 4:30 P.M.
Form: S-1
CIK: 0001413119
Company Name: Kraig Biocraft Laboratories, Inc
File Number: 333-199820
NOTICE OF EFFECTIVENESS
http://ih.advfn.com/p.php?pid=nmona&article=67187990
Es1
Thanks for sharing.
Blueazure
I agree....I to believe Kim has found another means of financing.
We should be hearing within the next 60 days.
Great things coming.
Dadofduck
Below is all that is available in the most recent 10K on 03-22-2017
Not sure if anyone else has any other information.
**********
On June 29, 2016 the Company signed a twelve (12) month lease for new office space in Vietnam. The Company pays an annual rent of $2,329 for office space and reception services.
Great information Jose0505
Zenaku
Thanks fixed "spider Silk" was using my phone.
Golferman
Good article Truth ..... check out the comment below!!
http://www.chem.info/news/2017/04/investors-embrace-synthetic-biology-despite-concerns
ElisComing
Will take a look.... thanks
Going to have to get in on the next pick..... I am Golf Pro from Canada and a realtor thats sells Golf Courses in Canada.
Good luck to all on your picks for the Masters. Don't count Jordan out. However Hoffman is looking good
https://www.golfcoursesalesontario.com
Now that is funny
Ruskie
You may regret not taking a position in KBLB after the news today.... An announcement of a well known name for a commercial contract is just around the corner.
Great news today!!!!
~ KBLB HUGH NEWS OUT ~ Today announced that it has just been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.
http://www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgdjfu579TwkO?w=2
Under Armour contact to follow
http://www.dbusiness.com/daily-news/Annual-2016/Ann-Arbors-Kraig-Biocraft-Laboratories-Expands-in-Asia-Opens-Vietnam-Office/
http://www.kraiglabs.com/kraig-biocraft-laboratories-announces-contract-with-u-s-army-to-deliver-ballistic-shoot-packs/
~ KBLB HUGH NEWS OUT ~ Today announced that it has just been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.
http://www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgdjfu579TwkO?w=2
Under Armour contact to follow
http://www.dbusiness.com/daily-news/Annual-2016/Ann-Arbors-Kraig-Biocraft-Laboratories-Expands-in-Asia-Opens-Vietnam-Office/
http://www.kraiglabs.com/kraig-biocraft-laboratories-announces-contract-with-u-s-army-to-deliver-ballistic-shoot-packs/
~ KBLB HUGH NEWS OUT ~ Today announced that it has just been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.
http://www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgdjfu579TwkO?w=2
Under Armour contact to follow
http://www.dbusiness.com/daily-news/Annual-2016/Ann-Arbors-Kraig-Biocraft-Laboratories-Expands-in-Asia-Opens-Vietnam-Office/
http://www.kraiglabs.com/kraig-biocraft-laboratories-announces-contract-with-u-s-army-to-deliver-ballistic-shoot-packs/
~ KBLB HUGH NEWS OUT ~ announced today that it has just been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.
http://www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgdjfu579TwkO?w=2
~ KBLB Hugh News Out ~ announced today that it has just been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.
http://www.icontact-archive.com/wk-fhLpOLhnO9pqlnYdPgdjfu579TwkO?w=2
~ KBLB ~ Big Press Release coming Monday Morning ...... mass production of Spider Silk...multi Billion dollar market..... should be a 10 bagger
~ KBLB ~ Big Press Release coming Monday Morning ...... mass production of Spider Silk...hugh market
~ KBLB ~ Big Press Release coming Monday Morning ...... mass production of Spider Silk...hugh market
~ KBLB ~ Big Press Release coming Monday Morning
Should be about commercial production in Vietnam.... 10 bagger coming
~ KBLB ~ Big Press Release coming Monday Morning
After reading the 10K
There was been now dilution from CC for November and December 2016
(A) Common Stock Issued for Cash
On October 21, 2016 the Company issued 4,166,667 shares of common stock for $150,000 ($0.036/per share).
(D) Operating Lease Agreement
On April 1, 2012, the Company executed a one-year non-cancelable operating lease for its Laboratory space. The lease was subsequently extended through March 31, 2014. On February 25, 2015, the Company renewed its lease of a Laboratory. The lease is on a month to month basis at an annual rate of $13,200. On June 30, 2015, the Company terminated this lease.
The Company rented office space at 120 N. Washington Square, Suite 805, Lansing, Michigan 48950, which was its principal place of business. The lease was on a month to month basis. The Company paid an annual rent of $600 for conference facilities, mail, fax, and reception services located at our principal place of business. On September 1, 2015, the Company ended the lease of this office.
Starting in February of 2015, we rent additional office space in East Lansing, Michigan. In July 2015, the Company signed a new lease for its East Lansing, Michigan office space. The Company pays an annual rent of $4,742 for office space, conference facilities, mail, fax, and reception services.
Starting in September of 2015, we rent office space at 2723 South State Street, Suite 150, Ann Arbor, Michigan 48104, which is our principal place of business. We pay an annual rent of $2,028 for conference facilities, mail, fax, and reception services located at our principal place of business.
On February 1, 2016 the Company signed a six (6) month lease extension for its East Lansing office. The Company pays an annual rent of $4,893 for office space, conference facilities, mail, fax, and reception services.
On June 29, 2016 the Company signed a twelve (12) month lease for new office space in Vietnam. The Company pays an annual rent of $2,329 for office space and reception services.
On July 19, 2016 the Company signed a month to month lease for a production facility in Indiana. The Company pays a monthly rent of $670 for office space light industrial manufacturing space.
Rent expense for the year ended December 31, 2016 and 2015 was $9,845 and $12,832, respectively.
Don't kid yourself maybe someone's ihub identity is actually an employee from Bolt Threads
This will be a great short now
Missed some of Ben's email. When trying to copy and past with my phone. ( or maybe to many Cerveza's on the beach)
Please understand that the Texas initiative isn’t about the first few commercialization agreements, but, as I would describe the landscape, it’s about speeding up potential agreements down the road, because I believe that it will enable Kraig Labs to exponentially increase its ability to fulfill fiber requests, and, by reducing feedstock costs, support an increase in the development of future fibers and production colonies.
Certainly does.
One could say that Bolt Threads recent "campaign" wreaks of desperation and I couldn't fault them for feeling so.
Ruskie1
You may want to develop a smaller position in KBLB at these prices as they are not going to last.
Dragon_silk
Yes Vietnam is key, I believe that they have Agreements signed. KBLB needs to be able to prove they can deliver.
Any positive news about Vietnam and this stock goes parabolic.
Below is my correspondence with Ben concerning the announcement of commercialization agreements. I have mentioned to Ben that I will be sharing his response
We are close as Roman says to a great ROI
I am doing this from my iPhone on a beach in Mexico. Sorry for any spelling errors.
********
Ben
According to the news letters Kraig has been working on securing a contract with a well known end manufacture since 2015…… Should we not be hearing of the finalization of these contracts ( other then the present military contract ). These talk have been going on for a long time they should be finalized by now and PR’d to the share holders.
Thanks in advance for your response.
Hi xxxxxxx,
Please forgive me, but I’m going to do a cut and paste of a portion of a recent response to another shareholder, because I think that it also addresses your question.
Anyhow, I think that there’s been a disconnect between how we, as shareholders, expected events to unfold, based on the Company comments that you highlighted, and how events are actually unfolding. The way I’m now understanding the process, I think that the following 10 steps, although far from exact, loosely summarizes the stages.
1. Develop cutting edge fibers
2. Create buzz about cutting edge fibers
3. Receive requests for cutting edge fibers
4. Proof of production concept
5. Deliver cutting edge fibers to potential commercialization partners
6. Allow potential commercialization partners to test fibers
7. Open mass production facility
8. Allow potential commercialization partners to begin to develop potential products
9. Reach mass production of fibers
10. Sign/announce commercialization agreement
Keep in mind that most of these steps will be ongoing, but, in my opinion, Kraig satisfactorily cleared hurdles 1-4.
In many ways, step 5 is the linchpin to unleashing Kraig’s commercialization and future fiber commercialization potential. Although the Company has delivered fibers to some of the potential commercialization partners, there are far too many requests that have yet to be fulfilled.
Based on the fact that Kraig stands alone in reporting technical performance properties, I’m going on the assumption that the fiber requests are from companies that want the fibers for specific reasons and those companies anticipate that the fibers will be used for particular applications, many of which are quite sexy. In fact, just last week, I was contacted by a representative of an NYSE listed company, at least that’s what his e-mail indicated, who requested fibers and I’m excited about the thought that later this year Kraig should be able to quickly fulfill these requests and see where these potential breakthroughs take Kraig Labs.
Kraig is now knocking on 7’s door and, as I stated, based on the Company’s published data, I think that the experts will figure out step 8, which, for many commercialization partners, will be part of their ongoing process. So, step 7 should be the last key hurdle to expecting the commercialization agreement announcements.
I hope that you noticed how management commented on some old items, in the recent Spider Sense edition, which filled in a lot of unknowns and helped many shareholders understand certain successes and processes, so I’ll ask management to do more of the same, as I think that it should go a long way in getting more people to understand the importance of the Xs and Os that are in the Company’s game plan.
Best regards,
Ben Hansel
720.288.8495
Another good day of trading to build a nice base for the next run...... Coming soon IMHO