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I hear you, have held through huge rises and subsequent falls here over the years.
Let’s see what tomorrow brings!
hard one to call, could just as easily pop through .30 tomorrow morning at this rate rather than drop back.
Always remember shares don’t move in straight lines, we’re up well over 100% since the recent RNS, might need a breather.
I’m no expert chartist though and mostly trade using my gut, as I said before I’ve got a core which will likely never be traded, would never be comfortable being fully out ;)
Same move here, sold at EOD, may regret it but will be happy either way as have kept a sizeable core, looking for a pullback to around .20 to reload ;)
Gone awfully quiet Mojo, 135% profit now since .10, seems like there’s pretty decent liquidity also...
Regretting not buying in at .10 yet?
Could have made 80% in just over a month...
Please and surprised yet? ;)
And yes, dilution.
Production, then R/S + Uplist + Financing
Won’t be a dream for much longer.
Not that I don’t agree that the whole first production run was a total mess, but are you implying they will never actually go into production? If so I suspect you will be proven wrong in short order, please remember your own words in a few months time and be willing to admit your mistake.
I’m afraid you stated an indefinite delay, this delay is most definitely finite, they have made clear that production will recommence shortly.
How’s your trading going?! or are you just here for fun?
I’m certainly happy about scooping up as many sub .10s as I could ;)
And up 100% in the last year...or over 50% in a day.
Really depends on your perspective and when you bought in.
I think guess the cheering is based on the rebound to .15 when some were calling for .04....
They knew about it, they tried to produce in the hope that they could overcome the difficulties, it didn’t work first time but they have adjusted to allow production to continue through next winter.
In the meantime, it’s almost spring, weather has improved and production is a go.
Jon Rice seems to think this is just a setback, you have respect for him no? perhaps as he is closest to the process he would know best?
Of course there will be dilution, most companies dilute, but I expect this will be on reasonable terms. Perhaps a bridge from the mysterious private investor which will take us to initial production & sales, then once confidence returns and the process is proven go for the up-list later this year along with a simultaneous share placing. There are options.
He couldn’t do it in Vietnam, in winter, with brand new workers, on their very first attempt. This by no means equates to it not being possible.
Bottom line, Kim lost the more paper wealth than all of this board combined over the last week, and he will be feeling the drop today, he’s not spent the last 10-15 years to get to this point and let the company fail.
The depressed share price may continue for a few weeks/months but I strongly suspect by the end of the year (and probably much sooner) you’ll regret not buying in again.
Yup, 45% profit today, got to love volatility sometimes.
There’s been a huge overreaction to this news. IMO
I know! never expected to get back in here so cheaply, 20% up on this morning’s trade already ;)
Goo guys rolling with such ease! haha, more like burning through private investment money scrabbling around trying to prove they are viable, which they clearly aren’t.
No criminals here, don’t be ridiculous.
Not intending to pump, but surely it’s an easy 50%+ profit from here within a month. IMO.
Sub-10 won’t last long, just got a decent chunk at 9.1 :)
Reckon we close above 10 comfortably though!
Haha, great start to the day!
Hikingguy, though I don’t know what words were spoken at the meeting, I strongly suspect him being advised against a winter up-list is more in relation to the financial markets being quieter due to holidays etc. and nothing to do with the Vietnamese climate and farming cycles potentially impacting production.
That being said, I suppose it would have been prudent for them to mention this potential hurdle in one of the production PR’s towards the end of last year....i.e “this is traditionally not a great time to produce silk, but we’re going to have a go anyway” at least this way we would have known there was a risk of delay.
I suspect Jon was overly confident of success and that communication between Prodigy Mgmt. on the ground and Kim/Jon failed to some extent.
Lessons hopefully learned and improvements made, 6 week delay and a chance for some cheaper shares before the major upward momentum starts this year.
Whilst clearly not welcome news, things could be much worse. In the grand scheme of things (especially for those who have waited 10 years) another 1-2 months is not a big deal.
A bit ridiculous to not include an update on the first batch which was produced though, where is this? delayed at reeler? being shipped back to the US? delivered to one of our “big name” customers? they really need to let us know where they’re at with that.
My hope is that this batch was reeled and is in or about to be in the hands of a customer, and Kraig can use this news to offset any hit from today’s PR.
Sell off expected but should represent a good buy in/top-up opportunity for many so we may not drop back as far as some expect.
I’m quite happy thanks, got a top-up in low 15’s.
Its more the principle of the matter, he stated Kraig would produce nowhere near 8 tonnes this year, I’m interested in how much he thinks we’ll produce, or maybe this was just stated to sow doubt...
Time for a top-up I think....
Webslinger, if you expect nowhere near 8, how many tonnes do you think will be produced this year?
What would you consider “near that mark”?
6 tons? 5 tonnes?
How many tonnes do you predict will be produced?
Why is it crazy waiting on news? please explain.
I remember when he spoke about the Polartec partnership, the share price went up 700%, was this one of those bad things?
Wow, this is absolute nonsense, and you know it.
I agree Bob, patience has been rewarded and now is a risky time to be selling.
17/12 PR states: “The Company expects to begin shipping the specialized silk cocoons by next week”
Which takes us to week commencing 23/12, so let’s assume cocoons are sent throughout that week, takes us to 30/12 by the time the cocoons are with the reeler in a decent quantity. Then let’s assume it takes a week or so to make it all in to yarn especially considering it’s also New Year during that period. Then Rice has to look over it all and ensure it’s sent out correctly.
Nothing is overdue in my mind, we are merely a few days or at the most a week out from confirmation the first batch has reached the US and is being looked over to then be distributed to a few select companies for initial product testing etc.
KBLB will be excited, the customers will be excited, and shareholders should for sure be excited. The next few weeks and months are critical, further partnerships should be announced and a steady income flow should begin for the first time in Kraig’s history. Exciting times :)
You’re right, KBLB has been a total disaster for all of us, 500% return really sucks.
Much more to come ;)
We’ll find out soon enough who is willing to finance Kraig, not ridiculous in the slightest. Institutional investors take multi-million dollar positions in small-cap listed companies all the time, all over the world, when they see potential.
Lets also consider the $200m+ given to Bolt for an unproven, inferior product with an inefficient and expensive production process. Large chunks of this cash came from very legitimate financiers. You could also argue that a private company can be a lot less liquid than a penny stock even with variable trading volume.
The up-list (and required RS) will allow these legitimate financiers to take a sizeable early position in a company with soon to be proven mass production of a brand new super fibre, with massive potential for growth.
It’s going to be an exciting year.
Inclined to think I that an R/S, if it goes ahead, will be paired with a sizeable placing/fundraise which will set a floor for the share price, thoughts?
Right. So you’re holding because you think the CEO is a liar and hope he might change?!
Or are you holding because of the massive potential this company has?
And if you’ve been holding for at least a year, you’ll be doing very well I imagine, despite your views on the CEO :)
Looks like he’s delivering on all the PRs regarding mass production in Vietnam.
Are you implying the R/S is for another reason than to uplist? If so please share your thoughts with the board.
As a long term shareholder who was given the opportunity to realise profits this year of up to 1400%, I definitely don’t feel like I’ve been stiffed ;)
Massive year ahead, all holders will be greatly rewarded imho.