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****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.
<< Dilution will not be an issue! >>
That isn't what KBLB is saying in almost ALL of their SEC filings.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 13 Nov 2023):
****** WHEN SHAREHOLDERS MEETING? ******
Annual shareholders meetings are required by law. They are vital because they allow shareholders to vote on important matters affecting the company, such as the election of directors and the approval of major corporate actions.
KBLB hasn't had a shareholders meeting since July 2019 (when the Scumbag CEO tried to scam shareholders into giving him over 90% control of the company).
That means that there hasn't been a shareholders meeting in over 4 years.
According to the Securities and Exchange Commission (SEC), a public company MUST hold an annual shareholders meeting at least once every 12 months. The meeting must be held at a reasonable time and place, and it must be announced to shareholders at least 10 days in advance.
If a company fails to hold an annual shareholders meeting, shareholders can file a lawsuit against the company. The shareholders can also ask the SEC to take action against the company.
The SEC can impose fines on companies that fail to hold annual shareholders meetings. The SEC can also force the company to hold a meeting.
If you are a shareholder in a company that has not held an annual shareholders meeting, you can contact the company and ask why the meeting has not been held. You can also contact the SEC and file a complaint.
Here are the steps on how to force a stock company to have an annual shareholders meeting:
- Contact the company. The first step is to contact the company and ask why the meeting has not been held. You can do this by calling the company's shareholder relations department or by writing a letter to the company's CEO.
- File a complaint with the SEC. If the company does not respond to your inquiry, you can file a complaint with the SEC. You can do this online or by mailing a complaint form to the SEC.
***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):
<< If they even make 1% of that 200 metric tons >>
The "silk manufacturer" that was discussed in the Jun 2022 PR can (supposedly) make "as much as 200 metric tons of silk per year". But that is once again a statement from the Douchebag CEO that has absolutely no weight.
First, we all know that the Douchebag CEO lies and exaggerates. So the 1st thing is to know that the manufacturer will probably make much, much less.
Second, the manufacturer is NOT working exclusively for KBLB. If they were, then they would be out of business by now. The PR specifically states that they are a "contract silk manufacturer" to KBLB. Since the Jun 2022 PR, the manufacturer has made ZERO tons for KBLB.
Third, in the TV series Ozark, there is a lawyer for the Mexican cartel that states "I'm a lawyer. I move words around." That is a great description of the Douchebag CEO and his statements.
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?
Here is a great comment today from the KBLB Facebook page that accurately summarizes the latest PRs:
<< Mass production is upon us >>
You have been spewing that same BS for over 10 years.
Here is a quote from 10 years ago:
Over the past five years, the stock has plummeted from 50 cents to 4 cents.
How you like dem bananas???
LOL
<< You want “spring trials” to mean many months of testing with nothing else happening… >>
That is EXACTLY what will happen.
The two-line hybrid was supposed to be done in the 2nd quarter. It is now the 4th quarter, and they are still waiting on trials in the 2nd quarter of 2024. That is a year late.
Pretty much EVERYTHING that KBLB states either never comes true or is delayed for a long, long time.
See here for more details:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173458233
*****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….
<< “The Company is now planning to transition all of its spider silk production to a two strain hybrid model in the near term.” >>
WRONG AGAIN!
"Production" is NOT "commercial production" (and the Douchebag CEO uses that confusion for his nefarious purposes).
The last few PRs have stated that they are moving to "trials" in the Spring. Those trials will take many, many months.
<< This is not only encouraging but unheard of with the tight lipped Kim. I have a gut feeling that there is more in the pipeline since Kim is not one to show his cards..... >>
Yes, massive dilution is coming "SOON"....
<< todays pr states that one of them is a success… >>
We don't know if this was just a one-off or not. This sort of thing has happened many, many times before.
The Douchebag "boy who cried success" CEO has been claiming success over the past 15 years.
It was (supposedly) successful in a very small test. They still have to run trials in the Spring to verify.
If this was such a "success", then they would move right into commercial production. But that isn't happening.
In Dec 2022, KBLB stated that they were going to produce a two-line hybrid system "as early as Q2". Yet they are now strating that they are still testing that system after about a year, and plan on running "trials" next Spring (which probably means it might be ready to run by the end of 2024).
It looks like NO COMMERCIAL PRODUCTION FOR 2024 either.
Is the selloff starting?
Back to the low 3s?
<< I found it very frustrating when I learned that Kim and possibly a few others decided, since they had the majority of shareholder votes, that they would go ahead and vote on something without letting the rest of the shareholders know about it. If something requires a vote, then let everyone that is eligible vote on the subject. >>
EXACTLY!
<< NOW you are arguing that kblb shareholder meetings are faux meetings because they really dont need one to pass anything they want without shareholder votes... >>
WRONG AGAIN!
The "faux" shareholder meeting I was discussing is when the Douchebag actually had over 50% of the vote.
He now has much less than 50% of the vote (about 42%) and can't do the same thing.
In ALL instances, I have been advocating for a REAL shareholders meeting (which ALL shareholders should be advocating for).
***SORDID HISTORY OF THE DOUCHEBAG CEO’S NEFARIOUS SCHEME TO STEAL EVEN MORE POWER FROM SHAREHOLDERS DURING THE PROPOSED REVERSE SPLIT***
On 11 Jul 2019, KBLB announced that they were having a (faux) shareholders meeting. It was a "faux" meeting, because the Douchebag CEO had enough votes to enact anything he wanted, and the votes of the average shareholder weren't really needed. This was later admitted by the company when they had another vote without the average shareholder.
One of the main purposes of the meeting was to "vote" on a reverse stock split of between 10:1 and 40:1. But buried in an obscure SEC file attachment was text that showed that the plan was to reverse split ALL of the shares EXCEPT for the preferred shares (aka super voting shares worth 400 MILLION votes), and those preferred shares were owned by the Douchebag CEO himself. In other words, if the reverse split went through then his voting power would have increased from around 52% (at that time) to 95%+ (at 40:1).
On 6 Jul 2020, about a year later, KBLB filed Articles of Amendment without any announcement to enact the 40:1 reverse split (on 15 Jul) with the Wyoming Secretary of State. If this would have gone through, then his devious plan would have worked. On 10 Jul, KBLB filed (again) with the WY SOS to delay the date for 40:1 reverse split to 23 Jul. On 20 Jul, KBLB filed with the WY SOS to cancel the reverse split that was to happen 3 days later.
On 25 Jul 2021, KBLB had a "vote" to reverse split the preferred shares at the same ratio as the common shares. This time, the average shareholder was excluded from the vote (because the Douchebag CEO had the majority vote, just like he did at the "faux" shareholders meeting).
One will notice that it took over 2 years for the Douchebag CEO to finally concede his plan.
The first item of concern in all of this is that the Douchebag CEO tried to make it appear that the votes of the average shareholder counted (when they didn't, since he held a majority of the vote). He was just trying to give legitimacy to the vote by saying that the "shareholders voted on the matter".
The second item of concern is that the Douchebag CEO never mentioned at the shareholders meeting that his 2 preferred shares were NOT going to be reverse split. He tried to play it off like the reverse split was needed to uplist the stock to the NASDAQ (which never happened and wasn't even close).
The third item of concern is that the Douchebag CEO tried to enact the reverse split by sneaking a filing with the WY SOS and never mentioning it publicly through a PR.
The fourth item of concern is that it took over 2 years for Mr Scumbag CEO to concede the plan (which should have never been conceived in the 1st place).