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<< I believe production is already underway and the field trials, which will likely begin in February (spring time in Vietnam) will be for testing other lines. >>
WRONG AGAIN!
The PRs make it very clear that the trials are for the currently existing lines, and that commercial production won't be coming for many, many months (and probably not before 2025, if then).
There are many examples. Here is just one:
<< The one thing about Kim is he doesn’t know how to build on momentum. For a Previous penny stock broker it’s like he doesn’t understand that when we get a push Like we just had he has a penchant for going into Mime Mode. >>
There is a reason for that. He knows exactly what he is doing.
<< Kim and Jon have announced successful production of Spidersilk. >>
The Douchebag CEO and his minion have been claiming that same BS 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 small batch 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
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
<< 90 times more sells than buys...and the pps dropped 2.7%?? >>
Yes, it is called market manipulation. The Douchebag CEO used to be a penny stock broker. He knows how to play the game (with other people's money).
*****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….
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?
It looks like volume has dried up.
Back to 3 cents we go....
<< The fact that the dark side of the board declares a product untested, not commercially viable and probably is not even spidersilk shows the bankruptcy of creditable responses being desperately thrown against the wall in hopes of something sticking. >>
It is always the same BS from the rah rah pumpers.
The claim is always you can't prove that the most recents PRs are false.
Time passes and it is obvious that the PRs were mostly lies.
Then the claim is that the past should be ignored.
LOL
<< i own around 29K shares, should I add more? >>
There really isn't any news that can come out for a long time that will make the share price rise.
Israel is currently at war. That might not end for quite a while. And when that war ends, it will take quite a while before ZNOG can hire personnel, get equipment, and start drilling. During that entire time, dilution is your enemy and will drop the share price slowly over time. For example, between 30 Jun and 30 Sep 2023, there were about 26 million shares diluted.
<< I think it would pass the durability test for clothing. >>
I doubt it. The Douchebag CEO has never discussed how spider-ish silk performs with water in the past 15 years.
In general, silk is a delicate fabric and can easily be damaged by water. That is why the majority of silk clothing is dry clean ONLY.
Silk is known to shrink when contacted by water. Silk fibers swell and contract significantly when wet. Improper washing or exposure to rain can cause irreversible shrinkage and loss of shape.
Silk can get permanent and visible water spots where water has dried.
Repeated soaking or even frequent brushing when wet can weaken the silk's delicate fibers, potentially leading to tears or rips.
<< pretend it was just a photo with nothing else involved... >>
The Douchebag CEO has lied many times in PRs, and Letters to Shareholders.
What is to make one think that he is all of a sudden now telling the truth?
Here is a video that shows him trying to make himself look important (by reviewing a document and having "flashes" go off from imaginary press):
<< once again, the past is the past and is not revelant.. >>
Past history can help to predict the future. By studying past events, patterns and trends can be identified that may repeat themselves in the future. This information can be used to make predictions about what is likely to happen in the future.
In addition, the past WAS the future at one point. For example, when KBLB stated that they were ready for "sale and scale" back in 2014, the future looked bright. But now when we look back on that event 9 years later, we see that it was a COMPLETE FAILURE.
<< for the sake of funding development and overall operations >>
So you are saying that the 100s of MILLIONs of shares that were diluted by the company were not enough?
LOL
<< He hasn't decreased his shares in a effort to minimize loss. >>
WRONG AGAIN!
He has sold over 120 MILLION shares over the years.
In addition, he gave himself all of those shares. He didn't buy them. And he can give himself more shares at any time (which he has done from time to time).
<< Anyone can look at Last year’s 10k……. >>
Please list just ONE of those on the 10K that are actually a KBLB patent.
I double dare you....
****DOES KBLB HAVE ANY PATENTS? (UPDATED)****
Despite the many false claims that have been made over the years, KBLB has absolutely NO PATENTS. (Of course the PRs are created in a way to make investors believe that they have patents).
The company itself plainly states that it has NO PATENTS in recent SEC filings.
These statements are from KBLB's most recent Amended S-1/A (dated 22 Nov 2023):
<< Kraig has impressive and desired patented technology. >>
THAT IS A BLATANT LIE.
KBLB has ZERO patents.
See here for more info:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173110589
<< kim saying the production model was successful and that the big juicy worms provided excellent yield says so... >>
LOL
Pretty much everything that spews out of the Douchebag CEO's lying mouth is BS.
<< What is the company name that is referred too as GSS? >>
Global Silk Solutions Joint Stock Company
<< Why don’t you show us excerpts from past holiday letters were Kim was as forthright about challenges faced and how they have been addressed. >>
Here you go.....
2022 Holiday Newsletter:
https://www.kraiglabs.com/a-holiday-letter-from-kraig-biocraft-laboratories-ceo/
Same BS. Just a different year.
<< he already has the line he needs to mass produce… >>
WRONG AGAIN!
If they had the worms that they needed for commercial production, then they wouldn't be doing TRIALS in the SPRING.
And they wouldn't be waiting for another 3 months until the Spring.
<< What Thompson is telling us is: Step 1) Refine the new lines to make them better in some respect; Step 2) Develop variations on these lines that can be used in future production. With this, he is informing us that the current lines could not be used for silk production, even if they were improved. >>
Agreed.
The Holiday Letter obviously states that commercial production is NOT coming anytime "soon".
<< it’s going to be a nice year all right for one Kimberly Thompson as it always is >>
Yes, the Douchebag CEO is going to give himself a mandatory 6% pay increase in about a week (to bring his salary up to $474,790).
He will also give himself a mandatory 20% bonus (for another $94,958).
That totals to about $570K in salary and bonus ALONE.
That won't include any shares he dumps, his company car, health insurance, interest on loans to the company, etc.
<< I would bet you a steak dinner this time next year you’re looking at an $.08 a share stock at the most.. >>
I would bet that more dilution is coming in 2024 and the share price will drop below 3 cents (and maybe even below 1 cent - which could remove the ticker from the OTCQX, unless they do a reverse split to raise the share price).
Here is a link to the Holiday Letter from the Douchebag CEO:
https://archive.aweber.com/newsletter/awlist5522866/MjE3NDM4MDY=/seasons-greetings-from-kraig-labs.htm
<< Always been a straight shooter with me. >>
Probably because you are paid by KBLB.
<< A talk with Ben told me this wouldn't happen over nite and his estimate was well within July 12th 2024. >>
Ben is a KBLB minion that says the same BS EVERY YEAR! Coming soon....
But the only thing coming soon is....
MORE DILUTION!
***** 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
<< The OTC is a dung heap. It’s the home of dirt bags and criminals. >>
And that is exactly why KBLB has been there for the past 15 years.
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
Virtual offices are a very common tactic that many OTC penny stock scams use (to make them look legitimate).
The address listed on their website AND on their SEC filings is:
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
<< Kim is now 60 years old. >>
WRONG AGAIN!
The Douchebag CEO is 62 years old.
<< Has anyone covered the speculation that a dollar a share could be a target short term, like within weeks or a couple months in order to list on nasdaq? >>
No, because that is ridiculous.