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You know what is embarrasing? The fact that the share price is down 10% today (so far)....
Most of the fools that bought into the latest pump are now in the red (or soon to be in the red)....
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
<< And has he gotten “in trouble”? >>
Yes, he has gotten in trouble previously with OTC Markets.
And there is probably an active investigation with the SEC at this time as well.
<< But Kim doesn’t bother to remove or refine that S-1A… he just keeps amending it to keep it alive… >>
First, that is a retarded response. The Douchebag CEO was a lawyer. He most definitely scours documents to make sure that he can't get in trouble. In addition, he has lawyers, accountants, and auditors that double and triple-check the documents. If he didn't feel that they were competitors, he would have removed that statement a long time ago. Try again....
Second, to "refine" a document is the same thing as "amending" a document. You are saying that he doesn't refine the document, but he amends it. That is a non-sensical statement that is contradictory. LOL.
<< I'm sure they keep the "competition" thing alive because it's better to say you have them then you don't. >>
WRONG AGAIN!
It would be much better to say that you are making a unique product that doesn't have any competition (which is exactly what all of the rah rah pumpers are claiming).
<< an old chart with a bunch of red Xs on KBLB’s website >>
There is nothing "old" about that information.
This is from an SEC form S-1/A filed by KBLB last November (just 2 months ago):
<< that is a long list of PR”s that never happened..was it intentional by Thompson or not ..I know what I believe, how about you >>
If something happens once, or even a few times, then it could be a mistake (or as some might claim - irrational exhuberance). But the fact that this has happened time after time, year after year, for over a decade indicates that it is very intentional.
<< KBL is in the process of active negotiations with public and private sector actors. >>
First, KBLB is always manipulating words to make things sound more impressive than they actually are. A "negotiation" is simply two parties coming to terms over something .... anything. KBLB could be simply trying to buy supplies (like paper for the printer) from another party and is therefore in "active negotiations".
Second, using the word "actors" seems suspicious. An "actor" is someone that is pretending to be ----someone else. Are they negotiating with someone that is pretending to be someone else?
<< India is providing sericulture expertise. >>
Wrong. KBLB never said that they are working with the country India. All they said is that they are working with contractors "from India".
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1A (#15 from 22 Nov 2023):
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
Kim Kraig Thompson (the CEO) is a douchebag and scumbag.
<< I've actually wondered before if he actually was KT, just using this site as a way to pump. >>
I have thought the same thing.
If he is, then he would be in HUGE trouble with the SEC and DOJ.
There are a few people on this board that pump anything and everything. If KBLB said that the silk turned to poop, they would be pumping that and saying how fantastic that is.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
rottenbanana - how much is KBLB paying you to pump the stock?
Because you can't actually believe the BS you put out there.
<< The applications of spider silk spread across a totally different array of industries and applications. >>
And what specific application will be a money maker?
Military?
KBLB had a contract with the Army, and they kicked KBLB to the side.
Clothing?
KBLB had an agreement with Polartec, and they kicked KBLB to the side.
KBLB currently has a contract with MtheMovement, and they have probably kicked KBLB to the side (since absolutely nothing has been produced yet).
Medical?
Heart valves? LOL Iit will take a decade (or more) of trials and testing to get FDA approval for any sort of medical device.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
<< I remember a friend buying an HP calculator for about $700 in the early 80's. It was clunky, had some programming bells and whistles and was battery operated. There are now solar power run calculators that do 100x more and they give them away when you open up a checking account or join Costco. >>
Yes, and it took decades for that to happen.
The Douchebag CEO hit retirement age last September. How long do you think he will continue to do this (especially with the SEC working on their investigation). The end is "Coming Soon"....
<< And the truth is, even if China is able to do what Kblb is doing, they and Kblb will never be able to fulfill the worlds demand…it’s too big… >>
Nonsense.
Regular silk is very expensive in and of itself.
Genetically-modified silk will be 100x more expensive.
It is a novelty item.
It will never be profitable.
And here is the rub:
<< That’s what they told us. Are you saying they are lying? >>
Yes. Without a doubt.
<< They’ve certainly been wrong about timelines and how far along they actually were before. Did they purposefully mislead us? >>
Yes.
All one has to do is pick a year and read the PRs for that year to see how they have mislead investors time and again.
<< Why not assume, as the PRs and pics indicate >>
Maybe because the PRs for the past 14 years have been all BS?
And yes, I know, "this time is different". LOL
<< Try 20 years >>
Try almost 24 years.
A short report was posted by Fuzzy Panda Research this morning:
Allegations of Fraudulent Billing Practices & Forging of Documents
https://fuzzypandaresearch.com/docgo-employees-allege-medicare-fraud/
<< CEO gets messages from god, but still hasn't found oil. >>
Maybe he's listening to the wrong channel. LOL.
<< Why oh why would India align themselves with such incompetence? >>
That is BS.
India (the country) didn't align themselves with anyone, especially KBLB.
All they said is that the consultants were "from" India. That is like saying that someone is from the USA, or Germany, or China, etc, and then trying to twist it to mean that the country is aligning themselves with them.
<< Spider silk production in the NEAR TERM… >>
Production is NOT commercial production.
Producing any amount, no matter how small (even one thread), is "production". And that is how the Douchebag CEO has used the term "production" for over 10 years.
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
We keep hearing about how this stock is world shattering, yet the market isn't buying that BS (literally).
There was less than $5000 in TOTAL traded today.
Pathetic.
<< Further acceptance of KBLB by Lam Dong and Vietnam is hilarious? >>
The only thing that they accepted from KBLB was their money. LOL.
<< Jan. 9, 2024– KBLB ..... today announces its Vietnamese subsidiary, Prodigy Textiles ..... has joined the Vietnam Sericulture Association (“VSA”). >>
OMG! That is just hilarious.
They have nothing better to announce than joining some ridiculous association.
Did they get a secret decord ring with their membership?
<< How can someone put out so many false statements that never happened over at least 10 freaking years and want to be believed …incredible! >>
Unfortunately, it happens quite often on the OTC.
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
<< How much is he paid a year ? $450,000 ? >>
He currently gives himself about $475K in salary, another $95K in bonus, and a slew of other benefits (free health insurance, free car, golden parachute if he fires himself, etc). And all of that for basically doing nothing for over 15 years.
<< Care to outline for us where the CEO has performed even one pump and dump? >>
Here you go....
During the timeframe between April and July 2019, the share price went from around 6 cents to 50 cents and then back down to around 20 cents (and has dropped down to 3 cents since then).
In April 2019, the Douchebag CEO posted a PR about Polartec (which caused the share price to rise appreciably).
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
<< They have stated the same or similar for the past 10 years. They have always warned of not having enough cash to complete their plans. >>
EXACTLY.
And they have diluted the stock year after year after year. 2023 is pretty much the ONLY year that they didn't dilute very much.
2024 will be more of the same.
RINSE, WASH, REPEAT....
<< Why is this time any different?>>
It isn't.
They will dilute again this year, and probably next year as well.
<< once they get metric ton production going that should be the final move for KBLB to start creating its own cash through sales of its silk >>
KBLB plainly states that the cash that they have on hand (as of 30 Sep 2023) is "insufficient to complete our business plan". They have even less cash now (3 months later), and will have even less when they are (supposedly) going to run Spring trials (6 months later).
On top of that, KBLB then says "we will need to seek additional funds, primarily through the issuance of debt or equity securities". In other words, they will need to dilute shares.
I'm not sure how they can communicate that more plainly.
Yet some investors want to totally ignore their warning.
CAVEAT EMPTOR
It must be so demoralizing to see the price pump up for a few days, only for it to come crashing back down (and even drop more) EVERY TIME.