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When most OTC stock chat rooms start the "averaging down" chatter, I usually head for the doors. It is not a good signal, rather it is a warning alarm.
However, I have increased my position here significantly during this downturn, and I am happy to do it. I've been in this stock over a year now.
I am looking forward to hearing good things about financing/acquisitions shortly. With such a small float, this stock is easily manipulated up or down. We've seen what retail can do last summer. We've seen what Asher can do last month. There are both sides to the low-float coin.
All The Best
I had some bid support in and grabbed some more today.
I DO see this as a little more risky than I did last summer, right now, because the business 'promise' has turned into financial reality. I am thinking that funding will come through and I will be very happy.
SMKY still has a great food product.
SMKY still has a hard-working and industrious CEO.
SMKY still has a small float.
SMKY still has a good business plan and an innovative capitalization model.
VS.
SMKY does not have their product priced correctly to capture the market.
SMKY does not have the funding yet to decrease that overhead.
SMKY is at the fork in the road to either make progress or have to retreat.
Still a 2-5 year hold for me.
All The Best
Probably because our focus turned to L2 instead of finding more DD. The PR from Fann sort of caught everyone off guard. I, for one, stopped doing DD after the PR.
Great DD, SNIZZLE, I am thrilled to see Mark Lev publicly connecting Wellfleet with SNRY. Until now, we have only had emails & texts - this absolutely makes it official that Wellfleet/Lev is connected here. No winks and nods - he posted it clearly on his website.
Mark Lev was the absolute only reason that I got into the SNRY potential R/M in the first place.
All The Best
BTW, Scottrade also shows an insider planned sale on 5/9/12, but doesn't show any confirmation that it was completed.
Hey, SPMAN, I don't understand your post. Please explain. I really appreciate getting all the information about any stock I am involved in.
Thanks & All The Best
I don't know how many experts you will find on this board, but I know many of us who have posted a lot have always reminded everyone that R/M are very risky and potentially dangerous because we are only following a trail of breadcrumbs and are hoping that we wind up in a good place instead of a bad one.
The good thing about SNRY is that they historically have always communicated in their filings - except this past PR. And they did not make and 8-K notification about that PR. I don't know what to think about that.
The float is so small that it seems like it will move if someone breathes on it - only we want that breath to be "hot air" to move it upward, not downward.
IF the selling is over, we can move higher and faster than this stock ever has before. We would not have a big seller slowing down the momentum like a couple weeks ago. Even then, with a big elephant sitting on top of us we rose to nearly 300%.
Time will tell. But each of us has to decide for ourselves how to play this - or even whether to play it - and take that full responsibility for ourselves.
All The Best
You got it! To run nearly 300% WITH A BIG FAT GUY SITTING ON TOP OF YOU is quite an accomplishment!
I can only imagine how far and how fast this can run without any extra weight holding it back.
Have a great weekend, all.
Obviously, when we are looking from the outside in, you can't always tell what's going on in every room.
I just figure that Fann may not have received his compensation and needed to sell some 144 shares. However, I am pretty sure that insiders are required to file if/when they do so within 3 days.
If there are no filings then we can figure it was Asher. If so, then GREAT! They won't be able to stop another run, if they are completely converted by now. So, it could be possible that the next run can really go hard without someone sitting on top of a couple million shares selling them!
At least we KNOW this baby CAN move!
All The Best
I know why I bought here.
I know why I am holding here.
I know why I picked up a ton more shares here the last few days.
I don't like the pps now, either. I bought a large amount in the .06 and didn't sell one. Then I bought soem in the high teens, low .20's and then another batch around .30 - still holding.
I just figured, when given lemons that I might as well try to make some lemonaide.
I don't blame the frustration for those who bought higher. I've brought my average now to break even around .05 and I would be very surprised if my holdings are not going to be much, much higher by 2014. I always figured this as a 2-5 year hold.
As always, we'll see if I'm an idiot or just got extremely lucky. (Please, no votes on that right now!)
All The Best
For some reason my post this morning never actually posted.
I had mentioned that we had seen the evidence this week of what a low float can do. I know 2M shares to change hands on TUE was more than we had seen for quite some time - but you can see how easily a low float can move upward - and how it can move down, also.
Myself, I think VERY, VERY FEW pennies get shorted. It's not impossible, but just extemely low on my probability list.
All you need to do is ask, "Who has a lot of shares that they would like to get rid of?" I come up with only 2 answers that fit the volume of shares:
1. Asher
2. Fann/Besuchet
It is my humble opinion that one of those entities got some volume pumping and sold a bundle of their shares TUE & WED. Since Fann sent the PR, I doubt he would notify Asher ahead of time to be ready.
This is what is troubling, to me anyway, about the PR. It is out of the ordinary for SNRY - until then everything has been in SEC filings. Seems like there has to be a reason.
All The Best
No, absolutely not. If my post even intimated that, I worded it incorrectly.
I had been watching in the recent months and hadn't noticed many puts, and was therefore deducing (for myself) that KBLB was near signing a deal - due to what appeared to be the absence of CSC funding. I was assuming that KBLB financing was coming from imminent contracts, and not the usual course of events.
All The Best
As I have been reading, I think people are missing a very important concept lately about the "deal/deals" that we suppose are being negotiated.
As has been previously noted, Kim is a lawyer. Lawyers negotiate. KBLB won't need salesmen until they have a client base. In this stage they are examining contracts, not trying to "sell" product. So, KT is very capable at doing (what I suspect is going on) just that - examining contracts.
First, I don't think they have a large enough volume of MS to need a "salesman" to go out and drum up business so they can "move" their product as they create more. When KBLB has an extremely large supply, they can find a salesman then. I am guessing that is why the seeming "delay" to us, there is no hurry because there is not a lot of product. "Ramp up" can mean all kinds of things.
Next, in the CC he stated that they were learning much from the companies with which they were communicating about MS uses. This tells me that right now, we don't NEED a salesman yet because companies are already aware of KBLB product. Spider silk is fairly new to me and to the general public - but most of what I read indicates that anyone in the special textile/fabric industry has ALWAYS been cognizant that IF spider silk could be manufactured and reproduced it would be phenomenal. The PNAS told the world spider silk was near and any company worth its salt would be contacting KT or at least listen to his contact with them.
Lastly, I think KT is as good as spinning words and delays as his worms are at spinning silk. To see the announced CSC puts tells me that he is not as close to a deal as many may think.
I DO think KBLB has great potential.
I DO think KBLB is making progress.
I DO think KBLB will still take a while for the pps to take off. (Hope I'm wrong)
All The Best
Just checking in and like the action and notice that SNRY is finally getting. Never even got to turn my cpu on since Sunday night. Wow.
I will be gone from my cpu most of the day today. Not too happy that April has turned into July...
Glad to see a PR, though. Fann is getting more eyes and publicity here.
All The Best
I purchased my latest shares of SNRY about 10 days ago (maybe less) and Scottrade DID NOT charge any unusual fee - other than the norm.
All The Best
That is pretty incredible, isn't it? I remember back in June or July someone posting that some R/M's take a year to finalize. I sort of scoffed at it then, but now...
Thanks for sharing, HP, I know I have sent emails through that same form - so it would appear that is another new development.
All The Best
By the way, SNRY website claims it is under construction. I don't remember the last time I looked at it, though.
But the filings and the contact list is still there.
http://solarenergyinitiatives.com/?page_id=41
I would use that contact form and see if you get any response.
All The Best
I would go ahead and send the email to Fann, asking for what he thinks you should do because I would be interested in his reply.
It IS a problem with your broker, though. TDA has done this on many penny stocks.
MIKEY keeps the most current list on the DTC Chill List, here it is:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73403893
SNRY is NOT on the list.
All The Best
Welcome here RIDETHEWAVE1 and I hope your first post isn't the last.
I'm hoping for this week to be the big week, too.
All The Best
Sorry, I had already determined not to get into a quoting war. I'm not wasting my time or energy.
All The Best and Thanks for the reply.
ALIANGEL,
It has been a privilege and a real learning experience being a mod here on $The Wave board, but I am unable to continue as a mod any longer and have removed myself from that position.
You definitely have "the eye" for stocks and I am grateful for the opportunity to get to know a genuinely good guy. Your perspective on stocks and The Wave philosophy is without a doubt the best on IHub.
I have grown extremely disappointed at the way bashers and negative posters have free reign to post anything they wish, while being protected administratively.
I changed to a free subscription in my own personal "protest" of this preferential treatment and now have neither the number of posts nor the inclination to continue to do battle with posters who ignore filings, twist statistics and warp any authentic DD to fit their own absurd viewpoint.
I will be a regular reader and an occasional poster and wish the entire Wave Team tremendous success in the future.
Always,
All The Best
Actually what I posted meets EXACTLY what you have been posting ad nauseum. I posted what KT actually stated, and you post your interpretation of what he said. There is a HUGE difference between those two positions.
It is also revealed in the future potential for KBLB. I think the possible scenarios of commercial development of KBLB's MS is staggering, while you continue to paint KBLB into a corner and give only 2-3 options for escape.
In order to keep the scientific value and licensing agreements, I would imagine that KT would require anyone with a reasonable interest to sign a NDA or CA. Why not? If 100 companies call him up, I would think he would fax 100 NDA's and request them to sign before calling him again - even if he can only supply 1 with Monster Silk right now.
He also has stated that the more companies with which he has had communication, the more he has learned about the potentially varied uses of MS. GREAT! Talk to 100 more companies and learn more! Go to 20 trade shows and find out things about the textile business from the ground up while also speaking to management through the NDA's and learning from the top down!
Supply & Demand: if he is talking to more companies than he needs or wants, it is a good possibility that these companies may need to compete against each other for the right to do business with KBLB. With the PNAS articles causing a furor among the general population (most of the people in the business have known about spider silk for decades) - more companies may compete to get this "NEW" product and increase their PR to make more awareness for their own company - thus increasing their own bottom line.
Furthermore, simply signing a deal with a billion-dollar company MAY NOT be prudent, if that company wants a deal which will benefit them to the detriment of KBLB. So, sure, tell the big boy to kiss off if he is willing to only pay $X per ton and a smaller company (as long as the smaller company is fiscally healthy) is willing to pay $XX per ton. Many big pharma companies sign deals with the smaller ones which brings immediate and welcome financing, but ultimately places them in a position where they do not receive the proceeds they ultimately need to actually compete in the market for another decade - thus, the big boy wins. Who cares if we sign a deal with Sigma-Aldrich, DuPont or any of the other big boys if it hurts KBLB in the long run!
Visibility here for KBLB is finally a good thing - as long as there is a legitimate product. Nothing wrong with going to a textile show - not every company in India, Japan or China may receive Textile World. The more visibility, perhaps the more leverage KBLB may have to sign with one of the companies which has a NDA and is dragging their feet.
I think he does need a salesman/marketing person - so it is a good thing that he went to the show himself and gave it a shot to find out the qualities that his future employee will need.
KBLB is still a R&D company. They cannot treat potential partners NOW the way they may be able to in 5 years. If the information we have received from KT is correct, KBLB is at the threshold of becoming a production-stage company. Many R&D's never make it to this point. Multiple others which make it to this point never actually get the proper revenues, sales force, market capture, etc. to remain viable in the early stages when they actually begin producing product.
I say, "Take your time, Kim, while the eggs hatch and the cocoons spin and the inventory builds up." I would doubt that many people would be hired anyway until deals are signed and money begins to trickle in to the war chest to begin their assault in the textile market.
MUCH MORE potential exists now than six months ago, because the company is entering a new stage. Many may not have liked the deal with CSC to get through the R&D stage, but that deal was much more creative than many I have seen and it did not hamper the R&D. Now I think KT will search for a good deal which will not limit the production opportunities in the future for KBLB.
Of course, we'll see.
All The Best
Sorry, but I refuse to get into these quoting wars. When explaining points and technicalities, word parsing is very important.
But when it comes to arguing/debating from an already-entrenched position, it is very counter-productive.
Any reasonable individual understands the difference between talking with many companies and signing deals with every single company they are talking to.
Have a great day and I hope the market goes well for you.
All The Best
You repeatedly say that Kim has many deals with companies in the billions of dollars, or that he has too many companies already and shouldn't seek any more. Things like that.
Kim says they already have more potential business than they can handle..yet they went to a trade show to drum up more business...
That is an obvious reference to the CC. There are NO DEALS with anyone, thus NO BUSINESS with anyone. He claims to be exploring options with many companies in order to make the right choice. I can't fault him for that. The more contact he has with more companies the better.
Look, I don't think KT is always forthright with his shareholders, it's an obvious problem and I think he needs a better IR. I sold most of my shares long before the CC because I thought it would be a disaster and turned them into quite a few more last week.
I'm not euphoric over KBLB and I refuse to defend everything they do just because I am involved in trading here. But your tone seems mocking and continually demeaning toward KBLB and KT.
No, I'm not going to get into some kind of quoting war, either. Just referencing your question. I hope all your trades go well for you.
All The Best
Interesting spin on the CC.
Here is the link, in case anyone wants to double-check what was actually said:
http://www.kraiglabs.com/Treanscript%20confrence%20call%203%2030%202012.htm
How do you know that people aren't doing just that? I don't like posting my share count publicly, but I scooped up quite a few last week. I try to NEVER tell anyone to buy or sell - it's their own business what they do, not mine. This is now my largest holding in the pennies. And I have already spent more $$ on SNRY this year than last.
It's senseless to post any "Rah Rah" posts right now because the lights are off inside and SNRY is not at home. I THINK they moved already - but the corporate market is as bad as the real estate market right now. As soon as Mark Lev Realty places that "SOLD" sign on the SNRY house, I'm going to meet GSP/Arava Power/Verndale or whoever with a plate of cookies and welcome them to the neighborhood. Just hoping the house doesn't sit vacant for a couple years.
But I'm only responsible for ME, no one else. You're not going to hear me yelling for people to "slap the ask," either and all that crap. Everyone needs to make their own decisions. I decided to buy a lot more lower than when I first got in, but I'm not encouraging anyone else to do so. I'm not here to sell SNRY but to share information I find out about SNRY.
All The Best
No, I think you're wrong there. This is a fully-reporting company, not a PK where they can surprise their shareholders without any notice.
The reverse split was announced and they waited over 2 months before they implemented it.
These guys have stayed on top of every filing so far.
And Mark Lev of Wellfleet Partners has a stellar track record.
No, this is nothing like HLXW, but it IS speculative.
All The Best
I don't know who bought in to SNRY and why. I never tell ANYONE to buy or sell, or when and how. Everyone should have their own system/method and it's enough for me to try to handle my own decisions without worrying about someone else's.
I didn't get into SNRY until I saw some signs of a R/M, so when I post - that's the perspective I have. Obviously there are all kinds of different perspectives on this board and they are all very welcome.
SPMAN, absolutely I can be wrong. I have been before and I will be again. I have probably posted 25 times that potential R/M's are highly speculative.
As others have already posted, there is no reason that anyone should buy SNRY stock within almost the last year or so - unless they see signs of a big turnaround.
With SNRY, they scaled back their business.
Then they hired Mark Lev & Wellfleet Associates to find "financing options" (R/M).
Then all the officers and directors left, except 2.
Then the offices were closed and the phones were turned off.
Then they paid off all their debts.
Then the address on their filings changed to an empty warehouse that they lease for $5 a year.
Then they announced in their filings that no one is an employee anymore, their CEO is being paid a consultant fee.
Then they announced they were purchasing an internet marketing company.
Then they announced (not surprised anyone) with a 1:100 reverse split.
Then they changed the address on their filings to a location where they have no presence whatsoever.
Then they filed a compensation package for their "consultants."
Along with that the name of the lawyer was changed - the only lawyer that they have ever used in the history of the company.
Enough signs for me to follow here and throw more money into a 'dead' company! And, yes, I absolutely could be wrong, I have been wrong before.
But when I'm right, it makes the speculation very profitable.
Until then, I'll just sit and wait and get involved in other things to take my mind off the lousy pps.
All The Best
CASPER-PKT, Thanks for taking the time for all of us to spend your $$, take your time and then give us a report.
Greatly appreciated!!!
All The Best
I like the way you think!
I listened to the CC, but I must have missed the part where you claim we were told deals were actually being done with many billion dollar companies.
I do remember him speaking about NDA's with some companies, but no deals yet.
It only makes sense to go to a trade show when a company is just beginning to enter that commercial market.
No, I don't think this is a game-changer, either, but it is PROGRESS! KBLB has never gone to a trade show before because they have never had a product before. It looks like they either have product now to display and/or plan to have much more in the near future.
All The Best
I've got a couple friends in Papua, New Guinea and when I read the PR this morning, I shot them an email asking them to tell me what they may know about that region/specific location.
When I hear back from them, I'll post what they tell me here.
All The Best
Only been following KBLB for a little less than a year.
Is this the first textile show where Kim has set up a booth? If so, that's an awesome indicator. It's hard to sell only dreams and promises at a show!
All The Best
I agree that the 10-K does not paint a very pretty picture. Considering this stock just uplisted last summer from a PK to a QB, most open-eyed investors/traders didn't expect much in it.
But any sensible individual also would understand that a sale of about 10% of the float of any company is goingt to contribute to a drop in pps.
Just keep it real.
All The Best
Yes, maybe. Just not a R/M in the legal or technical sense, though - but a R/M in every other sense.
*Still an 8-K required.
*Still departing of officers.
*Still a new business
*Still new directors.
*Still a new company and a future new company name and ticker.
Just possibly a different way to go through it. They have announced an "acquisition" all along, so that may be the legal act they are persuing.
I'm just trying to examine all the possibilities.
I increased my holdings here last week when I examined the filings.
All The Best
SNRY management change is near, IMO.
1. COMPARISON #1
From 10-Q on 12/15/2011
http://www.sec.gov/Archives/edgar/data/1421665/000101968711003863/solar_10q-103111.htm
Although we were excited to see a new attorney for SNRY - marking another sign that the old management is out and the new company is coming in - I didn't realize just how big that signal was.
This company emerged as a public company on 12/19/2007 as NP Capital Corp, notice one of the attorneys listed in their first filing. [*Note the address is identical to SNRY.]
http://www.sec.gov/Archives/edgar/data/1421665/000101376207002504/0001013762-07-002504-index.htm
When posting information, it certainly helps if people provide links.
The 10-Q from 6/20/2011 did not have any reference to the former employee and legal proceedings.
http://www.sec.gov/Archives/edgar/data/1421665/000101376211001778/form10q.htm
HP, I think you said it right,
"who seem to know what they are talking about."
ANY R/M PLAY IS ALWAYS VERY SPECULATIVE.
However, I would not have bought thousands of dollars worth of shares in a company with NO PRODUCT, NO TELEPHONE, NO OFFICES, almost NO DIRECTORS, NO EMPLOYEES, and now NO HEADQUARTERS without actually reasoning that something big was coming.
While scanning 8-K's and 10-K's (for other companies), I repeatedly see Mark Lev's companies and their filings and am encouraged by what I read. Some are doing great and others have begun to turn around.
Cyclone Power Technologies
First China Pharmaceutical
Elephant Talk Communications
Arava Power
Realta Entertainment Group
And others.
However, we only seem to know what we are talking about because only the parties involved actually know. All we are doing is following a trail of breadcrumbs and hoping they are leading us out of the forest and not to the Wicked Witch's house.
All The Best
I don't mind the occasional "whiffs of negativity" from various posts of any stock I hold/trade. It's like smelling salts to bring your head back out of the clouds and use your brain. An astute trader will constantly reassess his position in any company.
But if you make it a habit, and smell ammonia all the time it will fry your brain. I am positive that WHEN the PS are sold, some will claim it wasn't enough; they only came from some friend; no 'real' investors will buy more; why aren't people standing in line, etc.
Thanks for keeping my head out of the clouds constantly.
I know it's oversimplified, but as long as SMKY can execute its business plan - I will keep my shares transferred in my IRA.
All The Best