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The following quotes are from the relevant KBLB PR:
<< I take this to mean that one or both went to prodigy >>
WRONG AGAIN!
The lab and all of the R&D equipment are in the US.
***** 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 coming "soon"), but in reality that is very far from the truth.
Here are the full-time staffing numbers since 2019 (when KBLB 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
<< Staff are bailing. Hence they continually hire. With little staff increase. >>
Exactly.
***KBLB ONLY ADDED 1 POSITION IN THE LAST QUARTER (AND NOT 2)***
KBLB has been implying that they were adding 2 new positions over the past 6 months.
In a PR dated 28 Feb 2023, KBLB stated that they added "2 new positions":
https://www.kraiglabs.com/kraig-biocraft-laboratories-adds-two-new-positions-on-research-team-to-accelerate-implementation-of-its-spider-silk-technology-roadmap/
In another PR dated 19 Jul 2023, they once again doubled-down and stated that they filled "2 new positions".
https://www.kraiglabs.com/new-sericulture-experts-join-kraig-biocraft-laboratories-bringing-extensive-experience-supporting-acceleration-of-production-ramp-up/
Yet, a comparison between the last 2 S-1/A documents filed with the SEC by KBLB shows that they only increased their full-time staff by 1 individual (and not 2).
This is from S-1/A (#13) filed on 6 Jun 2023:
<< The shares were at a 20% discount…in the second deal, the shares were at a 15% discount… >>
It wasn't a plain discount. Those discounts were given against the lowest VWAP over a 10-day period of time, which leads to a much greater discount.
All one has to do is compare how much KBLB sold shares for during a specific dilution vs the share price during that same day.
For example, if we take a look at the very first batch of shares that were diluted on 23 Apr 2021, KBLB diluted 836,574 shares to pay back $100,000.
<< advice about submitting a complaint to the SEC is useful. >>
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB:
****** 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.
<< it looks like KBLB transferred 306 million shares to Yorkville and received a little less than $8 million >>
KBLB actually dumped MILLIONS upon MILLIONS of shares in 2 tranches.
In the 1st tranche, they dumped 77.1 MILLION shares between 23 Apr 2021 and 16 Feb 2022. The 1st shares were dumped at around 12.2 cents per share, and the last shares at around 6.4 cents per share (for an average of around 6.8 cents per share).
In the 2nd tranche, they dumped a little over 80 MILLION shares between 14 Apr 2022 and 17 Nov 2022. The 1st shares were dumped at around 6.4 cents per share, and the last shares at around 3 cents per share (for an average of around 3.9 cents per share).
<< If my numbers are accurate, these people are still in the black. >>
Almost everyone that bought those shares and is still holding onto them is 100% in the red and underwater.
It is worth noting that those shares were dumped at a HUGE discount (anywhere between 20% and 40% off the market price). The smart thing to do would have been to sell the shares IMMEDIATELY for a GUARANTEED PROFIT of around 20%-40% (which is what I believe happened to the majority of those shares). Anyone stupid enough to still be holding onto those shares would have been taking a huge risk, and they are now paying for it. For example, anyone who would have bought those 1st shares around 23 Apr 2021 would have lost around 75% of their investment at this point (whereas they could have made a 30% profit if they sold immediately).
****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-1A (dated 9 May 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
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?
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
The address listed on their website AND on their SEC filings is:
<< Share price down, as you had predicted with your self proclaimed impeccable record? >>
Where did I say that the share price was going to go down today? The answer is that I didn't.
Stop posting BULLSHIT.
<< He has always over compensated himself… >>
Yes, he has, for doing absolutely nothing but lie to his shareholders over and over and over again.
<< I was talking about money spent on the business…>>
His compensation package IS "money spent on the business"!
You do understand that, correct?
<< Is that based on daily trading activity, updates from the company, SEC filings taking place or something else? >>
5 years ago, the average daily $ amount traded was around $238K / day.
3 years ago, it was around $93K / day.
1 year ago, it was around $26K / day.
In the past month, it has been around $13K / day.
This POS penny stock is D-E-A-D, that spells "moon". LOL.
<< you see the pr's but you simply refuse to believe any of it >>
Which is the conclusion that any sane-minded person would make.
KBLB and the Douchebag CEO have been lying for 15+ years, and they have been claiming commercial production for 9+ years.
There is NO commercial production.
There is NO revenue.
There haven't even been any limited runs (ties, beanie caps, etc) to show proof that they can do anything that they claim.
<< kims hiring... >>
And some (if not most) of that is due to people quitting.
They claimed to hire 2 personnel, but it turns that the headcount only increased by 1.
<< when has kim ever been characterized as being frivolous with money?...never...he has in fact been extremely frugal... >>
So giving himself about $1 MILLION per year is "frugal". What a joke!
<< the other thing ill add is that there are hundreds of millions of shares in the hands of wealthy investors due to the yorkville deal... >>
That is just conjecture. Please show us proof that anyone (besides Mr Gill) is holding onto their shares. You can't.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1 (from 6 Jun 2023):
***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….
<< But you post the monthly stats…why not the weekly, which was you claim?… >>
The weekly stats are very similar to the monthly. Anyone can check out those numbers themselves....
But here is a weekly chart that basically shows the same thing as the monthly chart (that SELLS outweigh buys consistently over the last year or so).
<< you can post silly percentage numbers for the day, week, 3 month, 6 month and year…what you can’t do is change the fact that on Oct 25, 2022, the pps was .034…. >>
And in my previous post, I already showed that the share price is down 11% from last year at this time.
<< Beyond a year ago, we were dealing with a large amount of consistent dilution >>
And I had predicted that would happen, and .... it did.
<< significant news of progress won’t always cause a rise in the pps… >>
Of course it would. You are really sounding silly now. If actual commercial production ever started, there would be a good pop in the share price.
<< you were calling for Kim to stop what you considered “fluff” pr’s…now you are crying about wanting more… >>
I never called for the Douchebag CEO to stop the "fluff" PRs. I just exposed them what they are... fluff PRs.
<< Having a need to hire more staff is a bad thing? >>
Intelligent investors don't care if one or two people are hired. Or if KBLB mailed a few threads to themselves. Or if KBLB filed paperwork. Or if they doulbled the number of times they go to the bathroom. They just want to know what is going on with commercial production. And that is exactly what the Scumbag CEO avoids.
<< no they havent... >>
WRONG AGAIN!
Over the past year, almost every month has had more SELLS than buys.
This month (so far), there have been 44.4 MILLION SELLS and 28.3 million buys.
Last month, there were 52.5 MILLION sells and 30.6 million buys.
In August, there were 71.6 MILLION sells and 30.3 million buys.
In July, there were 31.5 MILLION sells and 25.2 million buys.
In June, there were 62.3 MILLION sells and 31.8 million buys.
In May, there were 114.2 MILLION SELLS and 86.2 million buys.
Over the last 12 months, there has only been one month (April) that has had more buys than sells.
Anyone can see that there is more red (SELLS) than green (buys) in the monthly chart below:
<< the pps is right about the same that it was a year ago... >>
WRONG AGAIN!
According to iHub, the share price is down across every metric over the past 5 years.
Down 4.1% in a week
Down 15.95% in a month
Down 23.03% in 3 months
Down 25.38% in 6 months
Down 11.36% in 1 year
Down 76.73% in 3 yeara
Down 51.09% in 5 years
https://ih.advfn.com/stock-market/USOTC/kraig-biocraft-laborator-qb-KBLB/historical
<< sure there has...and you know it... >>
No, there hasn't been ANY significant news at all this year. To try to make that argument is ridiculous.
First, if there any news of significance, then the share price would be rising. But instead the share price has been falling.
Second, there have only been 6 PRs this year. In comparison, last year, there were 21 PRs.
Third, 4 of the 6 PRs had to do with staffing (which is basically a non-event), one had to do with filling out paperwork for an RFI (Request for Information).
<< selling has slowed down...lets see if it picks up agai >>
This POS ticker is dead. Sells have outweighed buys almost every week for the past year or so.
There has been no news of significance at all this year and there isn't any coming "soon".
The share price will continue to drop through the end of the year and into the 1st quarter of next year.
<< the amount of time is generally around ten years. For KBLB, it has only been around six, give or take. >>
WRONG AGAIN!
KBLB became a public company in 2007, which is 16 years ago.
<< Does KBLB still have the gold purchased from the company ? >>
Yes they do (as of the latest 424B3 filing that they posted on the SEC website on Sep 1).
They also invested a large amount of money ($1.7 MILLION) in Treasuries as well.
<< You seem to be selectively forgetting all the endless predictions about dilution coming, bankruptcy is next, etc, etc, etc. >>
I have never said that bankruptcy was next.
And dilution IS coming.
<< We did close below 3 cents. >>
Yes, I know. I predicted it almost 2 weeks ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173019495
I was correct once again. I have correct more than anyone else on this board for YEARS. My record is close to impeccable.
People need to invest based on evidence, and not on hopes, wishes, and dreams of pink skies and unicorns. And the evidence suggests that this is a complete scam.
The vast majority of people that invested in this POS penny stock are underwater, and many by large amounts.
****SHARE PRICE CLOSES BELOW 3 CENTS FOR 2ND TIME IN A WEEK****
The share price closed at 2.8 cents on heavy volume.
That can't be good for shareholders.
***BREAKING***
Meanwhile in other news....
KBLB drops back into the 2s....
2.72 cents....
<< didnt spiber launch their Fall collection back in Sept?...online and in pop up stores?... havent seen or hear anything since...couldnt find anything about it on their website... >>
They sold out quickly. It was a great success.
Why would they have products on their website if they are sold out. The answer is that they wouldn't.
<< OK so that's false, >>
How is it false??? I have showed proof multiple times that KBLB closed below 3 cents.
Here is the OFFICIAL record from OTC Markets:
https://www.otcmarkets.com/stock/KBLB/security
<< NOT ACCORDING TO I HUB. Wasn't at .0299 for last 40 minutes and closed at 03 >>
WRONG AGAIN!
If you can't understand how to find a stock's closing price, then you probably shouldn't be investing in stocks.
The closing share price for KBLB was 2.995 cents yesterday.
Here is the historical record on iHub:
https://ih.advfn.com/stock-market/USOTC/kraig-biocraft-laborator-qb-KBLB/historical
Here is the OFFICIAL record from OTC Markets:
https://www.otcmarkets.com/stock/KBLB/security
<< Volume wasn’t heavy >>
Yes it was. It was over double the average daily volume over the past 6 months.
There is absolutely nothing false about the fact that KBLB closed below 3 cents yesterday on heavy volume.
Fact #1: KBLB closed at 2.995 cents
Fact #2: Volume was over 1 million shares. According to iHub, average daily volume over the past 6 months has been about 489,000 shares. That means that volume was over double the average daily volume.
********KBLB CLOSES BELOW 3 CENTS********
....on heavy volume....
<< if he did this all willingfully and intentionally >>
I find it hard to believe that you still think that Mark Schena is innocent.
It was obvious to me that this POS stinky pink penny stock was a scam a long time before he was indicted. I tried to warn everyone on this board for years.
You must be family. Are you Rene?