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<< That's a paid pump if I ever saw one. >>
Agreed.
In addition, it looks someone told ChatGPT to write the most superfluous news possible about KBLB and the Douchebag CEO.
.
You might want to take your complaint to the OTC, because their website shows that there are
99,999,999,999,999 (or almost 100 TRILLION) authorized shares.
https://www.otcmarkets.com/stock/KBLB/security
And by the way, UNLIMITED shares is actually WAY worse.
Either way, it means that the Douchebag CEO can dilute this stock until EVERYONE is wiped out.
****** 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 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
*****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….
***** HAS KBLB INCREASED FULL-TIME STAFF? *****
In short - NO
There have been lots of rumors and innuendo that KBLB has been increasing full-time staff (and therefore commercial production must be close), but in actuality that is very far from the truth.
Here are the full-time staffing numbers since 2019 (when KBLB first started to post them):
2019 Annual 10-K (posted Mar 2020): 9 full-time
2020 Annual 10-K (posted Mar 2021): 8 full-time
2021 Annual 10-K (posted Mar 2022): 8 full-time
2022 Annual 10-K (posted Mar 2023): 6 full-time
1 Sep 2023 S-1/A #14 filing: 7 full-time
11 Sep 2023 424B3 filing: 7 full-time
Anyone can see that there are actually less full-time staff now than there were 3 1/2 years ago (when they started reporting those numbers). Back at the end of 2019, they had 9 full-time staff. As of the most recent filings, there are only 7 full-time staff.
So KBLB has actually lost 2 full-time staffers (who probably quit) over the years.
DON'T BELIEVE THE HYPE
<< Are you ready to stop calling Kim a scumbag >>
Yes, I already have.
I am now calling him a douchebag. :)
<< By “rah rah minions” I guess you are referring to shareholders who have invested their hard earned money into this stock, hoping to make a decent profit?… >>
WRONG AGAIN!
<< - Vietnam was announced
- Polartec was announced
- they disclosed work on medical applications
- Prodigy was announced
- experts from India were hired >>
And all of that has led to $0 revenue.
<< Don't you think they thought they were ready for successful mass scale production all the other attempts. >>
The rah rah minions want you to ignore the past, because "this time is different". LOL.
Please stop with the personal attacks. That isn't what this message board is about. How many shares someone does or doesn't own, what groups they might be in, and whether or not someone is still here has nothing to do with what this message board is about.
The KBLB message board is about discussing KBLB (the company), the personnel, news about the company, etc.
<< i thought they already did have climate controlled breeding at Prodigy... >>
In Jan 2020, they supposedly added climate controls to the old facility (after the FAILURE of commercial production, yet again). But they moved out of that facility into another facility in Aug 2021 (in order to reset the timeline). If you watch the videos of the facility, you will notice that there are no A/C units outside of the building. It also looks like there are shutters on almost all of the windows to provide a natural air flow in the facility.
Anyone that is ready that BS should just go back 5 or 10 years and they will see that the same drivel is spewed week after week, month after month, year after year.
Will the KBLB plunge protection minions get the share price back to 3 cents with a 111 share buy?
<< When will he retire? “Soon”… >>
If the Douchebag CEO fires himself, he can collect nice fat paychecks (from the golden parachute that he setup for himself) for many years to come....
<< If the Goverment waved big $$$$$ in your face I think you just might do exacly as they say because you couldn't do it for 10 years. >>
The Army already had a contract with KBLB many years ago, and KBLB didn't deliver anything that the Army asked for (despite the fact that the Army was willing to throw big $$$$$ at them).
Move along. Nothing to see here....
<< So they should work for nothing? >>
And what "work" are they actually doing? The answer is basically nothing. There hasn't been any real progress with the company for about a year.
They probably laid off all of the actual workers on the rig a long time ago. But you want them to receive their extravagant salaries and benefits for doing nothing? Why should they be any different than the "blue-collar" rig workers?
Anyone who listens to this BS deserves to lose all of their money....
<< read up on the pr's >>
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/
<< isn’t it true that most funds raised now will go towards paying their salaries and, if the war is prolonged for quite awhile, none of this new money will ever be spent on actual drilling? Is it accurate to say that?
BINGO!
Salaries for executives and board members should be put on furlough until the war is over and they can start drilling again.
<< 600 million shares now >>
and 1.2 BILLION aurhorized....
<< When it hit .49, he decides to announce it may be time to RS the stock & what happens, down she goes. Who the hell does that when a stock is trending up >>
There was a reason for that....
People should ask themselves - Why would the Douchebag CEO do that? For what purpose?
<< I’m trying to highlight how you only point out the negative, ever. >>
Please point out the positive for a total of 17 trades in a day for about $3000.
There isn't any.
This stock is dead. There is no miraculous news coming "soon". The only thing coming is more dilution.
The share price will continue to drop
<< What happened today? >>
There were only 17 total trades today. Barely more than $3000 traded in total. Are you trying to celebrate that? LOL
Today fits the MO. Low volume, the share price goes up slightly.
<< No mass selling >>
LOL
Then what do you call the following?
1 month: -11.08%
6 months: -40.21%
1 year: -34.65%
3 years: -78.55%
That doesn't look like buying....
<< Maybe the AF will buy his Texas farm. Or maybe China will. >>
The Douchebag CEO sold that land back in April 2021. It was another FAILURE in a LONG string of failures.
<< Will never hold >>
You were correct. The share price dropped from 3.2 cents to close at 2.85 cents.
Good call....
<< So you were wrong today. >>
Since July 1st, on days with volume over 1 million shares, the share price dropped 80% of the time.
I would take those odds any day of the week.
<< If I told you there were 2 millions shares traded in the first few hours, would you assume the share price was higher or lower than at the open? >>
That is easy....
Lower....
In general, the stock trades down on high volume, and up on low volume.
And we can see that if we look at the data from recent history (since 1 Jul)....
Since there aren't many days with volume over 2 million shares, I will include days that trade over 1 million shares.
Volume.......% Change
3,310,969.......-6.17%
1,052,515.......+4.5%
1,075,824.......-8.2%
1,060,570.......-2.4%
1,130,395.......-1.95%
1,017,305.......-5.19%
2,085,365.......-5.0%
2,259,752.......-9.64%
2,075,814.......-7.89%
Will the share price close under 2.5 cents (aka $0.025) before the end of the week?
The KBLB plunge protection minions will be earning their money this week....
<< Does anyone know the total number of employees, advisors ect. in all locations that are on KBLB's payroll? >>
The latest S-1A (#15) filed just a few days ago states the following:
"The Company currently employs between 9-12 people at its U.S. facilities, 7 full-time and up to 5 part-time, including Kim Thompson, our officer and sole director and Jonathan R. Rice, our Chief Operating Officer. The Company employs between 8-30 full time personnel at its Vietnamese subsidiary depending on the production cycle. We plan to hire more persons on as-needed basis."
<< There have been so many failures to launch, >>
*****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….
It looks like the stock is dead until Spring 2024 at the earliest.
"I look forward to integrating their expertise into our production operations as we prepare for Spring field trials"
<< KRAIG BIOCRAFT LABORATORIES STRENGTHENS SPIDER SILK PRODUCTION OPERATIONS WITH SERICULTURE EXPERTS FROM INDIA
>>
Aren't these the same 2 people that were "hired" back in July?
NEW SERICULTURE EXPERTS JOIN KRAIG BIOCRAFT LABORATORIES, BRINGING EXTENSIVE EXPERIENCE SUPPORTING ACCELERATION OF PRODUCTION RAMP-UP
https://www.kraiglabs.com/new-sericulture-experts-join-kraig-biocraft-laboratories-bringing-extensive-experience-supporting-acceleration-of-production-ramp-up/
<< Every time I can remember in the past, when KBLB shut off the news stream, it later became obvious that there was an unexpected problem and things had not turned out as planned. If you want to see an exhaustive list of these, consult WebSlinger’s posts. >>
*****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….
**** $900 TRADED TODAY ****
Absolutely pathetic!
2.7 CENTS (or $0.027 for those that don't understand how to convert money)
<< thanks for that in depth analysis >>
You want an in-depth analysis on made-up BS? LOL