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You guys are starting to sound like the exact polar opposite of Mojo, and that cannot be a good thing. Mojo's posts give the impression that this company will never succeed and this stock will never do anything but go down. You guys are starting to sound like there is no way that this company will NOT succeed and the stock will not go anywhere but up... and "to the moon like a rocket".
I'm all for being positive, but you might want to maintain a dose of reality as well. If a deal happens, it won't be for 3-6 more months at least, and more likely 6-12 months, but you guys are sounding like it's going to be in next a PR next week.
Obviously I meant that Ben would be informing him of what is being said. Investor Relations doesn't just work one way from the Company to the Investor, it also goes the other way as well.
Here is the disclaimer for anyone who doesn't want to strain their eyes...
Absolutely. It's not smart to do, but it definitely happens by plenty of readers. Just ask any of the readers that sold their shares immediately after ZincFingers posted his "sky is falling" post a year ago. The stock dropped, what, 30% in a matter of minutes?
Read everything before complaining!
Then my work is done. :)
Seriously, I don't want to tell anyone what to believe, and I don't want anyone to believe anything just because I say it. I'm just another anonymous talking-head. All I want is for people to take all realistic and plausible ideas into consideration, and to not immediately dismiss anything just because it's not what they want to believe.
I did that with 2 other stocks in the last year or two and I lost money. I just didn't want to believe anything negative that I heard, even when I knew deep down that some of it could possibly be true.
As an aside Bob, I appreciate your postings on this board. You come off (at least to me) as very positive on KBLB and it's potential in the long run, but you also seem open to possibilities of anything negative that is logically plausible, aka cautiously optimistic. In my experience, that attitude usually has the best outcome.
Ahahahahaha. Anger management isn't really one of my strong suits either. I stopped putting holes in walls and throwing things (mostly), but the "wooooosaaaaa" technique does nothing for me.
But if I ever piss you off and throwing out a STFU up will make you feel better (I know it does me), then let it fly! :)
I really don't want to get into this again, I've said everything I wanted to say. If you want to reply to this, you're welcome to, but I will be done after this post.
Yeah, and I already knew what was posted. The problem was that what one poster said was not what a another poster said that Ben said. It's another episode of Telephone Game Online! I wouldn't have had a problem if what the most recent poster said wasn't drastically different from what the first poster said. "More Frequent PRs" is not the same thing as "A PR Every Week".
Maybe it was me. Maybe I should post more often?!? :)
JK, anyway, there was no news, and there was no volume. We've gone from .0625 to .07 on 20K shares. It could go back down on the same amount. It could go up and down drastically on 100 share trades. That's not manipulation, it's lack of liquidity.
I'm guessing we'll start hearing the "OMG the MMs are manipulating this stock, they must know something!" posts soon.
I completely agree. I guess I forgot to add the <sarcasm> tags again. But I'm sure the person it was meant for still wouldn't have gotten it.
Bob, I completely understand being too busy for this board. There are several posters that when I see their name, if it's more than a few sentences, I just click "next". Of course, I'm sure that I'm one of those posters for others on this board, but I'm ok with it.
As far as Kim being innocent because he's a lawyer and he wouldn't do anything illegal... I'm not sure if you watch "Breaking Bad", but the resident lawyer, Sal, said something that I can't seem to forget. He said, "You don't want a criminal lawyer, you want a criminal lawyer."
I think that the assumption that Kim wouldn't do anything illegal because he is a lawyer is like saying that all cops don't do the anything illegal. On the contrary, a cop is more likely to get away with it because they are more likely to know how to hide it. The same is true with lawyers.
So I doubt that anyone would ever be able to find a paper trail linking Kim or KBLB to SWA. But that doesn't mean that there isn't a connection. Even if it's Ben, who is not directly employed by KBLB, that is releasing non-public information (even just making a Wall Street-esque cryptic call to SWA, either directly or indirectly), it could be logically and reasonably assumed by an outsider that Kim knew about it and did nothing about it.
If I could borrow some logic from another poster here, "I think that Kim would be obligated to do something about it, or at least let me know about it, and if it doesn't, I'm going to sue him for damages!"
Bob,
You obviously weren't here when SWA was pumping KBLB regularly, but you were here 2 days ago and it should scare you. When KBLB needs money, CSC gives KBLB money in exchange for shares. CSC then pays SWA to send out a massive pump of KBLB which CSC uses to dump all of the shares that they just bought. The problem is that this always seems to happen at the exact same time that KBLB is about to release "news". CSC may not know exactly what KBLB is going to release (or they may and it just can't be proven), but just knowing when a news release is going to happen, thus knowing exactly when to PUMP is what makes this whole situation shady.
Have you seen Wall Street? Gordon Gecko (CSC) would indirectly through his employee to let the newspaper (SWA) know what stock (KBLB) to pump and then he would sell his shares to make massive profits. He went to jail for that. Hmmmmmmmmm, sound familiar? At the very least shady?!?
I completely agree with you. <sarcasm>However, a previous poster has just posted an explanation that completely disagrees with us, and he said that his post was a "fact", so he must be right. I guess there is no way that we could possibly be right since he's always telling everyone else that he is and that they are wrong. Oh well, maybe some day someone else will be right. Geez, I sure do envy that anonymous internet poster. He's always factually and proven right! I wish I could be more like him.</sarcasm>
Edit: I guess IHUB doesn't recognize the "sarcasm tags". Oh well.
I really hope you don't belive any of that, and I feel sorry for you if you do. The only thing you will have an actual case against a company for is if they fail to abide by the SEC regulation of Fair Disclosure. You think that you're going to take a company to civil court for personal damages because you don't think they gave you enough information, even when they were not LEGALLY require to, and you think that you will get anything?!?
Yes, you can take anyone to civil court, for almost anything, but that doesn't mean you will get anything but laughed at. You can't just claim that you're waiting for news of an event that you expect will eventually happen and if a company does not publicly release information about that event if it eventually happens that you can take them to court for personal damages. Your case would never even get heard by a judge. If that were the case, millions of penny-stock "ambulence-chasers" would be taking every single publicly traded company to court every day.
I have a legal advisor, you might want to get one too, at least to ask these ridiculous questions. Or you could just keep posting misinformation if you want to.
Zenaku, I'll concede to you on that point, and also thank you for basing your hypothesis on logic and not hopes posed as facts.
Some on this board throw out "magic facts" as certainties that are are based on nothing more than what they want to be true. But they don't say, "I think", or "I hope", or "I wish", they say, "I know" and "I'm sure", but their knowledge and sureties are not based on any facts at all, and most are not even plausible based on known evidence. I think that's what really bothers me most about this board (and others), that the ever-hopefuls cannot stand when the negative posters post their opinions, but most of the negative opinions on the board are actually possible and logically plausable based on known facts. Of course, some of the negative posters may take things to the extreme as well, and be just as ridiculous as the positive know-it-alls, but their hypothesis are at least usually based on logical conclusions drawn from facts, and not just wishes and hopes and dreams spouted as definitive and irrefutable truth.
Sorry for the rant, it's been a long week already. Sorry if I have offended anyone else as well.
I'm sorry, but I do not have time to take your point by point, but by and large, it is almost all completely false. Why does everyone in the penny-stock game keep throwing out, "They have to tell us everything or we can sue them for hiding something!"? You need to read actual SEC regulations and understand what a company is required to and is not required to disclose. Most of the "requirements" are so ambiguous that unless there is something extremely significant like further dilution or the company for sure going out of business, but I am so tired of hearing message-board-kings claiming that the company has to tell us when they are shipping parts, and the company has to tell us when they sign a deal, and the company has to tell us when they buy more pencils for the office. Anyone who thinks any of that is delusional. Do you get a press release from Microsoft every time they sign a deal with a new customer? Does Qualcomm tell you every time they sell a part to a new customer? No. If you want to keep dreaming that a tiny company like KBLB has to do it, go right ahead, but please do not keep teaching other readers that it is the truth.
I swear, the use of the internet by the masses has increased the amount of misinformation in the world by at least 1000 times!
P.S. I love how your last paragraph insinuates that I am wrong for the opinions that I share, and possibly for even the sharing of said opinions, yet you don't leave without not only offering your opinion and telling me why I'm wrong, but also insist that you are right. As much as I dislike misinforming others, I think I like hypocrisy even less.
Well, it happened faster than even I thought it would. But here are 5s again for all of those that said that they'd wait for them! I must admit, even with as negative as I was after yesterday's news, even I'm surprised in how fast it dropped, I'm guessing 4s won't take more than a day or two! :(
But that's when I'll be buying more!
10 million shares? of 10 million dollars worth of shares? It's a big difference!
I was thinking the exact same thing, but I didn't get to a computer until it was already back down into the 7s. :(
I would have sold everything, but I would have started buying back in the high 5s (maybe even very low 6s) and built up my holdings again down into the 4s, and possibly 3s. I do think it'll be at least 2-3 weeks before we see 4s though, and possibly 1-2 months before 3s would crop up again. That is all without any more real news. And I mean real news like last week, not more fluff and stalling like we got today.
I guess they didn't want to wait. It looks like they just sold their 500K shares on the bid, and we're back in the mid 6s. Buyers in the 5s, get your trigger fingers ready!
Ok, that's just ridiculous. How many 500K trades have you see on this stock lately? That's 15% of the entire day's trading volume, and today has been the largest trading volume in almost a year! I know that it's not a lot of money, but it's twice the average daily volume, and that makes it a relatively large trade.
Um, I'm going to have to disagree with you on this one. And the 500,000 share on the ask seem to as well.
There has never been a chicken-egg problem. We have have the eggs, we just can't find any chickens that want to buy them! As for not having enough material to get a prospective customer to work with, that's just bogus. Did you see the spools of silk that were at the initial press conference in 2010? That alone would be enough for a possible customer to work with, and that was produced in the few months before the PC. We have had 2.5 years since then, including 1 year in a lab that was only moved into in order to ramp up to commercial production levels. It's been a year since then and we haven't even started ramping up yet. All we did was take 1 year to make a plan to start to possibly ramp up.
Tastes like a carrot to me.
Ok, now that I got all of my negative issues out, let me quantify my post a little.
1) I am probably a little pissy because I missed a huge, and unjustifyable (IMO) run-up that I could have (and certainly would have) used to make a large amount of money. I will be kicking myself in the ass for a long time about that.
2) I still believe (aka hope) that someday KBLB will realistically get up to $1.00 or more. But keep in mind that it would take around $600M in sales with 10% margins and a 10 multiple. I think that the stock will get up to $1.00 and then when reality sets in, it will drop back down to around the 50 cent range. There are some people here that keep saying that the stock could have a 40-50 price multiple and KBLB could have 50% profit margins, but they are full of doo doo and very unrealistic. Even 10% profit margins is unrealistic if KBLB actually produces the silk themselves and MonsterSilk itself is KBLB's product.
However, keeping the above in mind, I am still holding onto the shares I have until the company proves itself one way or the other. Or until another almost-for-sure trading opportunity like this morning pops up again. I would not have had any problm at all selling all of my shares this morning based on todays news, knowing that I could have just bought later at a much lower price. I didn't imagine that it would drop so quickly as it did today, but I am pretty sure that we will see the 6s this week, and possibly the 5s. If we don't get any more real news by next week, I don't think the 4s are far away.
I do believe that the news we got last week (announcement of the development of Big Red) was good, and actual news, but the fluff PR that was put out today was definitely not and it was the exact same "carrot" that they've been feeding us for well over a year now. If that's what they decided to announce today, I think we can be fairly certain that they do not have anything substantial left to say right now. For now, it's back to the waiting game. And for some, the crying game. Either way, get ready to see a quick drop to the 6s, and for all of those that said they were buying back in at the 5s, get your buy button ready for the end of this week or early next week.
Words can not express how I felt when I just saw the news and stock today. No, not because I was thrilled with the news, but because I saw that I missed a spike up to 9.7 cents that I could have used to make some serious money. I know, hind-sight is 20/20, but anyone who has been watching this stock for 2-3 years could have read todays PR and immediately known what would happen with the stock today. Of course there would be an initial surge as news traveled of "a new company starting production", but the regulars here should have known that it isn't as awesome as it sounds.