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Global silk solutions joint stock company
Tax code 0317383915
Address
117-119-121 Nguy?n Du, Phu?ng B?n Thành, Qu?n 1, Thành ph? H? Chí Minh, Vi?t Nam
That address translation won't copy and paste
https://masothue.com/0317383915-cong-ty-co-phan-global-silk-solution
Well 1 PR needs to be given to more than one news source so a single PR to 4 outlets would be 4x as much.
100k for that is not very much really.
The 25 PRs were not all $10k
They would average $4000 each which is enough for a couple of outlets each PR and no cost for writing.
Which I would think means Ben is not being paid for his IR position.
He was paid in millions of shares long ago.
Could it be that his shares came with an agreement of service?
Curious what you base the "too much" on? What other companies paying for their investor relations are you comparing to?
You don't actually think news outlets allow companies to use their services for free do you?
A PR costs money to post on a website. The more you pay the closer to the "front page" you get.
Why do you think every PR is followed by statements like "Etrade hasn't picked up the news yet"?
It's because the PR department has not paid the news service (marketwatch for etrade)enough to make it market opening news.
Here is an example.
https://prowly.com/magazine/pr-newswire/
It also costs a few grand to have a PR written.
A typical PR can cost $10k easily and to get it in the right places requires more than one outlet.
A big news story can get picked up for free if it's generating a stir or a week after the fact many no-names will put the story on their blogs
PRs are expensive and are also IR fees.
I don't think there is a penny of that going to Ben. He's given shares as far as I know
When you go in a store and buy a twinkle for a buck even though they could charge 1.01 are they limiting their profits or meeting a profit margin?
A company makes their goals and stick to them. They are not penny stock traders "holding for the gold".
They are in it for a minimum % profit on their money.
IMO no.
Their business model isn't to trade pennystocks. They get shares at a discount and sell them for the profit.
I would think they have a dollar quota to meet every month and sell accordingly.
When the pps is high they sell less shares. When it's low they sell more and they make their money with pretty low risk
I think you are greatly mistaken.
I never mentioned Ben.
What proof is there that contractors are producing? Well turn that around and tell me what proof is there that they are not?
Why jump on the doubt side?
Fact is the contractors were PRd because as you say they are a material event. The stopping of those contracts would also be a material event.
Since they have not reported that material event it's safe to say that the last material event is still in progress.
Revs are not an indicator in any way. Long before revenue is reported the material events that produce it will be announced.
If the contractors have done their job and Kim was sitting on 5 tons of silk right now you wouldn't know a thing. That material would need to be reeled which takes a few weeks and then spun and blended which would take a few weeks. Then woven which would take a few weeks. Then delivered and processed into garments another few weeks...the finally sold.
30 days later we would receive revenue which would then be reported at least 3 months later.
What we need is a notice that an amount of silk was made and shipped to production
No PR doesn't mean anything of the sort.
No revenue is a given. They have not yet sold anything and even if delivered the payment wouldn't be known till the corresponding 10k/q.
No production is just ridiculous.
They have contracts with 3rd party vendors. Those vendors are producing according to their contracts.
That silk will be processed when there is a sufficient quantity to make processing cost effective.
It's been a couple weeks past the 90 day mark from the beginning of those contracts. It will be 1-3 weeks in processing
My guess is we get a PR updating us in that following that processing.
I would expect an update before Thanksgiving
They never had a chance to get even close to a dollar.
Barely had a chance at half that.
Fact is that bump was what secured me and many others from losing.
If people didn't take the profits at the time that was in no way Kim's fault.
Kim didn't make the pps move up that high. We did.
It's an OTC stock.
You don't just hold when the pps increases 500%.
We all know there has been no income to speak of.
If a company has a half billion dollars as a market cap and no income or employees or product you are a fool to hold or buy.
It will happen again.
The question is who will take their profits and who will not and then cry for 4 more years
Who said there would be a 3rd?
That's why I asked. It sounded like someone said 3 videos and you were saying they failed to produce a 3rd.
Was only a matter of time...only took 13 years
What additional video?
Did I miss a video announcement that didn't happen?
Fact is news isn't held at all. Not only would holding a material event be illegal it would leak out.
You think kings would hold news of their product release because a penny stock has financial dilution happening?
That is not logical.
IMO the contractor has done his job. The silk produced is in the reeling/weaving process and when that is done it will be delivered and announced
I don't see how that's possible.
I have made thousands here and have fewer thousands in my portfolio. If it went to zero without selling I am still ahead. How is that hurting?
It doesn't matter if it is a scam or not. It's the individual and their managing of risk that is to blame for losses or wins.
Let's say it's a scam. Did that make my winnings a loss? No. But my winnings came from those who lost.Not from the company.
I simply managed my risk better than those that lost to me.
If it isn't a scam the same statement is true.
The shares I hold today are at no risk to me.
I only hold them because I do not think the risk of a scam is real.
I could be wrong. But the "loss" is still managed risk.
The risk was managed years ago when I took my profits
Well...I think a scam has some defining factors.
I don't being able to sell any time you want as being a scam.
Fact is those screaming a stock is a scam are simply passing the blame for their mistake at a company that didn't make them do anything they didn't want to.
If you buy a stock you should have some sort of risk assessment. If the PPS falls below that point and you hold anyway isn't that your own fault?
Blaming the company for not living up to a fantasy in our brains is just denial.
This stock has 0 risk and 100% reward for me because I made sure to mitigate my risk.
If I didn't do that and was down it's ONLY my fault
Just curious what "evidence of being up to date and informed" means?
If I am "informed" I would know something that you would not. So if I say with 100% accuracy that they are the highest tech lab you would/could only argue with that statement because the situation requires you to be uninformed and not know something I do.
Correct?
I think it's quite safe to say that KBLBs accomplishments required cutting edge technology.
Are they the highest tech silk lab? I can't say. My logic tells me the Oxford university lab would have access to more tech and money so they could be higher tech. But 1st 2nd or 5th is still superior to typical silk production labs in a commercial setting. Oxford is also not in the commercial silk industry. Labs in universities are temporary in most cases. Just like ours was at ND
Unless you are up to date and informed about a commercial production of GM silkworms and have evidence of a superior production I would say Rayos statement is true.
I am curious what it is about paying back a loan that bothers you so much? What is so bad about YA getting what was agreed to?
That is simply because the day they ate issued is not the day of record.
You can't say they were given shares on the day it closed at .0699 because they couldn't know the VWAP until after the close.
They likely informed the company somewhere between the 5th and the 10th which was a typical 5 to 10 business days to handle the proper paperwork.
So while it appears that they got a 32% discount they only got the 15% agreed upon and they made a profit above that like many of us shareholders who invest in the company.
I have no issue with this.
If I was to loan the company 3 million bucks I would expect a 15% discount too.
If I was the company I would agree to it as well because it's a fair deal.
As a shareholder I know that the loan made will produce far more than a few million shares worth of income.
I know what shares are for and the company is using them correctly.
I will say that the conversation showed me that the stipulation is the low vwap and not the 10 day average I thought it said. This would support my comment above since the VWAP in early July was quite low. It was a smart move. I bought there myself
For those that don't understand charts that downtrend is an example of a broken trend.
The downtrend broke in late July and was confirmed broken a week ago when it bounced
I would agree with that.
I am pretty sure Kim will be able to pay them off without breaching a 1b OS.
Maybe by the end of the year they will exercise the warrants they have too
When there is convertible debt the the debtor can choose when to get shares. It states it clearly in the agreement. They wait for nobody.
They inform Kim and 85% the VWAP price it the price they pay for their shares currently around .055 which is the lowest they have received shares at.
They would be wise to convert now and wait a month or 2 to sell.
The price being .0645 or .047 is meaningless.
Neither is the VWAP over the previous 10 days.
The one day opening dip at .047 for 5000 shares didn't lower the VWAP at all. It was above 6 throughout july. July 15th or Aug 12 is the lowest point in 10 day VWAP both are above 6.
Your math on shares is off a bit as well I believe. But not enough to argue over.
The VWAP is increasing though not decreasing
Nobody has yet noticed that the "avg" is at the VWAP
Not quite how the agreement works.
They loan money and can convert at any time.
"The debenture holder may convert all or part of the Convertible Debentures into shares of common stock at any time after
issuance at a conversion rate equal to 85% of the lowest daily volume weighted average price of the Common Stock during the 10
consecutive trading days immediately preceding the conversion date or other date of determination."
They don't have to wait for KBLB.
The pps is the lowest it has been since they made the loan. Converting now would be a good move but selling now would be a mistake unless they know a way to force the pps lower to convert at a lower cost. That would be the only reason to sell really but the volume doesn't show that to be happening with a 450k average volume.
At the average volume their shares would only last 3 months not an entire year.
What's the total from your daily sales "reporting"?
You claimed on the 12th of Aug
" KBLB has only repaid a little less than 1/2 of the toxic convertible debt that they owe to YA II PN ($3 MILLION + interest).
KBLB will still need to dilute about another 35-45 million shares (which will send the O/S over the 1 BILLION share mark)."
How is that going to happen when it requires the pps around .03?
Someone's math is broken. The increase in shares of the OS the far lower than the claims of dilution.
How do they sell more than exist?
Then why do you report them as selling nearly every day? They got shares long ago and if they sell "almost as fast as they get them" they would have been out of shares a long time ago.
Used by who?
I can't find the word soon in any company statement in January.
Only thing I see in January is delivery of the first batch of silk and the receiving of testing equipment for prodigy.
Maybe you can help us out with a quote from the company?
I doubt it.
502,495,099 when I got into the stock 13 years ago.
983,103,637. Now.
That's 36m a year average. Or about $2.5m a year at current prices
Somewhere around 3-5% per year.
So "soon" means next year?
Sounds like Kim.
Should also mention 25% are restricted.
The 750m float is unchanged since may.
I am happy with Kim's use of shares over the last decade. Shares exist to sell for financing and he has done good job with what he's had.
Any other typical OTC stock would have reverse split 6-10 times by now after diluting to 100 billion shares each time
What lack?
You was a busy crowded lab? Should Kim pay people to stand around so the lab looks busy or should he hire just enough people to produce eggs?
How many people do you think are needed to raise a few thousand worms? 2 or 3 maybe?
Plus the scientific crew of 2 or 3.
What do you expect these other bustling people to be doing?
Pretty much how I see it too. Lam Dong is the silk center. They were sent to Quang nam as a sort of quarantine test. If something went wrong the center of the silk industry would not be threatened.
It's scientifically smart. Now that they have proven their system they are being allowed into the silk center. This should produce some larger mulberry farms as contractors as well as reeling dying and weaving access
IMO one of the most important factors I am waiting on is to see what the premium is for spidersilk over mundane silk for fashion application.
Some of the guesses over the years will make that information very interesting going forward into high tech uses
And all the tech working perfect won't matter without the facilities.
Further...without the facilities there is no way to know the silk can be mass produced in a continuous quality-consistent manner.
So what would you say is the next move if they have a single facility that has apparently been able to produce in a continuous quality consistent manner?
The obvious answer is more facilities
OK let's talk about that.
What exactly is fraudulent about someone giving him a paper to sign?
I also see nothing to be embarrassed or insulted about as a shareholder.
Let's assume it's staged for some sort of show, so what? You ever seen a Facebook or Apple shareholder meeting? They are stageshows.
This isn't to say I liked it or think it's awesome.
But to say he's a fraud because of a few seconds of a video is literally an exaggeration.
Can you point out an actual fraud?
If it was staged and not some stupid person that actually interrupted the meeting or if it was a legal paper that he failed to sign before speaking or any number of other possibilities, then call it as it actually is. A very bad performance of stagecraft by a narcissistic CEO.
The only reason to stage that is because he would believe it made him seem important. That's a very narcissistic point of view.
It's not fraud.
LOL a lawsuit for what?
Why would they need to pay him to keep his mouth shut? They have an NDA that would keep his mouth shut.
I assume you are referring to that when mentioning a lawsuit. But anything they would pay him to shut up about would not be covered by an NDA. The only thing I am aware of that an NDA doesn't cover would be crimes. But then the CEO couldn't sue him for that.
The "logic" of negative points of view is laughable.
I wish someone from the bear side of things could produce something negative without trying to spin up conspiracy theories.
Apparently that is impossible.
Which is why I am still here. If the bears have to resort to exaggeration and conspiracy theories there must be no real negative points available.
I can only guess that at one of the shows Kim did he connected with M who received one of the many sample batches we made.
He produced a couple of 1 off designs to see what sort of response he may get at the Singapore show.
This would also explain the incorrect logo and the fact that the logos looked like a last min installment.
After receiving a decent response to the fabric they negotiate a contract.
That is so mundane and normal that I doubt the explanation will be good enough for the conspiracy theorists on the board.
Not enough ulterior motive.
When quoting a PR why is it that everyone seems to cheery pick?
If the words are so very important why are half of them ignored? Why is it that some words are a promise written in stone but other are as if they don't exist?
Telling you they paid a penny while stating they are grabbing a start position when it was YEARS after the 1 cent range would be a clue to why a person would be so miserableas to obcess about a stock they hate.
Maybe they think dimes are a piece of copper and that would be a good reason to be seeking someone to blame for the poor trading a person has done
What you are missing is the word "unrealized"
If they are at 6 and drop to 5 the current unrealized loss is a penny.
If you don't sell you don't lose. You simply increase risk of a realized loss.
If you bought $1000 at 1 and sold half at 6 and held half you made a gain of $2000 regardless of the current price.
If they then dropped to zero and you "lost" ...but you have still realized a 1000 dollar gain.
The only reason it confuses some is because they consider the very highest price to be theirs and anything lower is a loss.
But if you didn't sell at the top you never had that money and never lost a dime.
So I HAVE nothing to lose since I am well over 100k ahead and currently only hold 30k in shares.
The 30k is not something I have.
It is UNREALIZED
I would agree with that considering the logo for our silk is not the one in the photo and it was a year before any delivery was made or agreements were signed.
Unless of course Kim actually has been making and storing silk over the years.
But when interviewed M never mentions kblb. He simply claims the items are made of a proprietary high tech silk.
JMO but those products are not the products we will be selling or showing.
Fashion from 2 years ago is not going on the rack today. Covid blew that idea out of the water. They will have a new show before the release of new designs. Truth linked some actual spydasilk products a few months back with the correct logos. They are not terrorists back packs.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168275032
IMO the 2019 show info is obsolete
Cool... can I ask how this happened almost a year before they had production worms in Vietnam?
Maybe explain that logo for me too. I don't remember that being in the list of trademarks for the apparel.
I can't seem to find any mention of a fashion show in KBLBs archive either.
Did I miss it? I admittedly have not followed this page much over the last couple years. I do remember some pics being passed around assuming that the items were our silk but they were from before we ever met M the movement or Kings.
Are these pics those pics?
Please do me a favor and share the link to the fashion show in question.
If I missed it I would like to see it
A warehouse worker not being a contractor? Have you never heard of a UPS store? They are nothing more than a small warehouse contracted to UPS.
Amazon does the same thing.
XPO logistics is loaded with contractors that are warehouse workers.(I was one for about 4 years.
Uber drivers...contractors.
Real-estate agents...contractors.
Farmers that work for conglomerates....contractors.
ANYONE working for any company in any field that gets a 1099 tax form....contractors