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<< Your contention is Kim has moved onto flat out lying to everyone? >>
The Douchebag CEO has been lying to shareholders for over 15 years. It isn't anything new.
See here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173446066
<< IMO, that’s not silk Kim is holding in that picture. >>
It is VERY smart to be skeptical of the Douchebag CEO. He has lied about almost everything for about 15 years.
He lied about being able to supply Kings / MtheMovement with MILLIONs of $s of spider-ish silk in 2021, 2022, & 2023.
He lied about commercial production in 2022.
He lied about the website & apparel launch in 2022.
He lied about the $250K prepayment from Kings / MtheMovement.
He lied about uplisting to the NASDAQ in 2019-2020.
He lied about commercial production in 2019.
He lied about appointing an Independent Board of Directors in 2019.
He lied about being able to fulfill the Army contract in 2016-2018.
He lied about "scale & sale" and that "R&D .... is no longer necessary" in 2014-2015.
He lied about commercialization of Big Red in 2013-2015.
And those are just a few of the MANY, MANY LIES that the Douchebag CEO has made over the years….
Some will say that they weren't lies, but rather failures. And some won't even say that they are failures, but rather glitches. But the problem with that theory is that this has been happening CONSISTENTLY for about 15 YEARS.
<< Momentum is building to the UPside. >>
The stock has been falling for 5 YEARS!
And you want to call 2 days "momentum"! LOL
What a joke....
<< 2024 is going to be a kick-ass year for KBLB. >>
LOL. We hear that same BS at the end of every year.
KBLB - There's Always Next Year!
LOL
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB:
We strongly encourage the public (whistleblowers and non-whistleblowers) to submit any tips, complaints, and referrals (TCRs) using the SEC's online TCR system and complaint form at https://www.sec.gov/tcr.
https://www.sec.gov/tcr
****** 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.
***NEWBIES***
Run like hell from this ticker, and never look back....
For those that are new here, KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly. That isn't a mistake. That bears repeating...
KBLB has almost 100 TRILLION authorized shares.
https://www.otcmarkets.com/stock/KBLB/security
*****KBLB - FAILURE AFTER FAILURE*****
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
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….
Maybe you aren't aware, but this is the KBLB board, and the company, Douchebag CEO, executives, board, etc are all part of the discussion. Other members of iHub are NOT.
And the CEO IS a Douchebag. He has constantly stiffed shareholders. He has lied over and over and over again over the years. He has diluted the stock to hell, which is the main reason why the vast majority of shareholders are in the red. He gives himself over $1/2 MILLION per year (plus great benefits)....
FYI - ImjinBridger is talking about a different photo. He isn't talking about the one with the Douchebag CEO.
<< after a few months of stories of silk "coming soon" and we're "ramping up" they kicked Kim to the curb and asked yankee "what the hell did you bring that guy in here to waste our time for." >>
That sounds VERY plausible, especially after the Douchebag CEO practically blamed them for the failure of commercial production.
I would like to suggest to all of the newbies that they run from this OTC penny stock like the plague.
<< Oh, that's rich coming from you!!! >>
That is BS and you know it.
Show me one message in the past month where I have bullied someone.
I am usually nothing but polite on this board.
On the other hand, there are multiple pumpers that constantly berate me on a daily basis for posting the truth about KBLB.
<< Maybe if you had just an inkling of how obnoxious you are and demeaning everyone who may have just
A difference of opinion with you . >>
That is the MO of many pumpers. They try to bully anyone with differing opinions and hope that they will run away.
<< Without any context that photo is worthless. >>
Especially from a Douchebag CEO that lies about almost everything and gives himself over $1/2 MILLION per year.
*****KBLB - FAILURE AFTER FAILURE*****
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
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….
***** 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 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?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
<< Slinger we have near $40,000.00 in trades today... >>
And you are proud of that? LOL
A lot of stinky pinks trade way more than that....
Here is a comment from today's PR on KBLB's FB page:
What is this BS?!? We're proud of this small batch? And we're looking forward to pending trials this Spring?!? This just screams "No real production in 2024, we'll string you guys along for another year and make you believe we have a chance at real production in 2024. But don't worry, management is still making money hand over fist while we do it!".
<< Silk from this production cycle was processed into finished reeled raw silk.... >>
It says that the silk was "reeled", yet the photo doesn't show reeled silk of any sort. Hmm! Imagine that!
Could it be that the Douchebag CEO is once again deceiving the public? Tell me it ain't so....
<< 40 to 60 kilos remains my best guess. >>
You are drinking the Kool-Aid. There is no way the Douchebag CEO is holding 90 to 130 pounds with basically one hand.
<< The 10-year-old image was of a twisted hank of silk. The bundle of silk Thompson is holding is not twisted. >>
They can very easily untwist a hank of silk.
<< I'm certain there are people on this board who can provide a far better estimate of the weight of the silk than I can. My best guess is 40 to 60 kilos >>
That is a ridiculous estimate. 40 to 60 kilos would equate to 88 to 132 pounds. The Douchebag CEO is a 62 year old frail weakling.
The way he is holding it rather easily with basically one hand, it looks to be about 5-10 pounds or so.
<< Please provide ANY evidence today’s pic was of material produced 10 years or more ago. >>
Please provide ANY evidence today’s pic was of material produced within the last few months....
<< Need AI facial recognition to know who that guy is standing next to Kim Thompson. >>
He was standing next to Jon in a Jul 2018 photo in Vietnam.
https://vcosa.vn/wp-content/uploads/2021/09/Prodigy_Grand_Opening-1024x768.jpg
https://www.kraiglabs.com/kraig-biocraft-laboratories-celebrates-the-opening-of-prodigy-textiles-co-ltd-facility-in-quang-nam-vietnam/
<< 1ST Time KB has ever shown this much production!!!!!!!!!!! >>
No it isn't. KBLB has a photo of something that looks EXACTLY the same that has been on the website for many, many years (and probably more than 10 years).
As a matter of fact, it could be the EXACT same product.
https://www.kraiglabs.com/wp-content/uploads/targetmarkets.jpg
<< The man is tighter with info than Scrooge was with money. >>
Except the $1 MILLION per year in benefits he gives himself. LOL
<< The photo looks like they are standing in a department store. >>
Maybe they are. Maybe there was a vendor selling silk and the Douchebag CEO used it as a PR opportunity.
*****KBLB - FAILURE AFTER FAILURE*****
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
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….
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent 424B3 (from 11 Sep 2023):
"Our business is based on scientific research which has not demonstrated commercial viability and makes our business highly risky.
We are engaging in research and development of new recombinant silk fibers. Due to the speculative nature of this scientific research, our chances of success are uncertain and we cannot guarantee that we will succeed in developing new fibers that deliver performance results to meet customer requirements or obtain commercial acceptance. An investment in us, therefore, is highly speculative and risky."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222015052/forms-1a.htm
***NEWBIES***
Run like hell from this ticker, and never look back....
For those that are new here, KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly. That isn't a mistake. That bears repeating...
KBLB has almost 100 TRILLION authorized shares.
https://www.otcmarkets.com/stock/KBLB/security
<< What people don't realize is that every company starts off somewhere. >>
****NEWS FLASH*****
KBLB has been a publicly traded company for over 14 years.
<< that could have been a photo of generic silkworms in that picture >>
I was thinking the exact same thing.
He is a Doucebag CEO that has a lawyer and penny-stock broker background. He is the lowest form of scum on the planet. Anyone that trusts a word that comes out of his mouth is a fool.
It's the same recycled BS year after year after year after year after year after year....
" Feb. 23, 2021 - Kraig Biocraft Laboratories .... announces that the Company received its first small shipment of spider silk from Prodigy textiles"
"Feb 10, 2022 - Kraig Biocraft Laboratories .... announces the delivery of Dragon Silk yarn to Spydasilk Enterprises .... This first small shipment of Dragon Silk will be used to develop the first fabrics in the Spydasilk family of products."
"Dec 14, 2023 – Kraig Biocraft Laboratories .... I am very excited to have produced this small batch ahead of our upcoming field trials scheduled for this spring."
<< 6 times more buying than sells... >>
I wouldn't get too excited about a day with a total of about $12,000 in trades.
Thanks for the photos.
Where are they from?