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I don’t think he has contempt for shareholders. I think he just wants to focus on what is is doing and doesn’t want to stop to explain it to people. I am that way. When I have something I want to do I just tune everything out. I also hate having to explain to people details of my plan unless they have a roll in that plan. I think the perceived contempt for shareholders is just a personality issue.
As far as the short notice for the meeting. I don’t feel that there was any fundamental reason for it. Kim just wanted to get it over with and move on. I know that’s how I would look at it. Think about. He had to have and pay for a meeting even though he had complete control of the outcome. It really seams like a pointless endeavor. Except that it had to happen.
Dilution? With over 3M in warrants waiting to be exercised. Not likely this year.
I believe that was Joe Noel. That was almost 10 years ago. He figured it should have been worth .40 at the time and $2.50 in the short term future.
Did you happen to see the 600k on the bid at .234? I think that’s the most I’ve ever seen on the bid at one time.
“longer term, he still needs substantial legit financing”
I’m not disagreeing with you here. But I gotta ask why do you feel we need some significant financing?
If we start selling product we will have money coming in. In the real world this is what supports the business. I don’t think we need any super expensive equipment. At least not in the 10s of millions.
I suppose more money upfront will help grow faster. But once the pipeline is full we should be able to stand on our own. is there anything fundamental you or anyone can think of?
I know we have approval to invest 50 million in Vietnam. But what does that really mean? Does this some how tie into supporting the industry. Is 50 million just an arbitrary limit. Eventually we will be putting more then that back into there economy.
As far as water goes. I don’t think it would be a stretch to find some kind of liquid sealer to add to the silk. Either a top coat or infused with the material.
People have been gunning to make spider silk for decades. There has to be a reason. I would think that many of the downfalls have been considered by now.
Some of your concerns are warranted. I know your struggle. It has been hard to remain positive over the years.
Like you said we are on the cusp. I know we’ve thought that before. But this time the share price agrees. Will there be more hurtles? Absolutely. But I think we will all be sitting in a better place to deal with them. I also think they will be more minor as we move forward.
Ok so the stretch. We don’t know about yet. I suspect that what was dealt with in DS 2.0. Hopefully we will find out.
But why does it have to be vests? What about bullet proof tents. Think about how much more material goes into a tent. There is probably 100s of vest worth of material in one tent. They also would be more portable. Temporary out post use lots of large tents.
What if vehicles could be lightened by replacing panels with silk panels what could easily be swapped out once fired upon.
Weather or not it could replace Kevlar really is irrelevant. There are many other uses for a light weight material that is bulletproof but has some stretch.
I have no doubt that the army and all military will be using KBLB spider silk at some point in time.
Isn’t it logical that more layers of silk would stop faster lager rounds?
Then consider that silk is lighter, more flexible,and just plain more comfortable then Kevlar. Then what do you have? Rhetorical. You have a superior product.
You are correct in that they are not referring to our silk regarding the test that took place.
There is something you can take away from this article. There silk was said to be twice as strong as regular silkworm silk (.5Gp) we know dragon silk reaches OVER (2.0Gp) so more then double the Utah silk. it is also likely dragon silk 2.0 is even better yet. And considering how few layers were used vs Kevlar. I would say we are in pretty good shape.
Silkworms have been reared for 1000s of years. I’m sure the people doing it don’t think it’s as difficult as your making it out to be.
“could have just bought shares on the open market.”
First of all there wasn’t 8.5m shares traded at that price point last week.
Secondly that many shares buying would have caused a decent rise in the share price and they would have had to pay more chasing.
Also I’m sure they feel they will likely profit more in helping KBLB then just buy shares. They probably know more about what’s going on then anyone on this board. And there money is on KBLB.
For ever sell there is a buy. So the opposite can be said just the same. No one wants to sell KBLB.
I think everyone has what they want and there just waiting for news.
“The MMs are artificially holding the price up...”.
For what reason?
Someone probably thought they could drive the price down so they could pick up more shares at a cheaper price and there attempt failed.
Price held solid at .2475. Then rebounded. Someone must know something.
Celebrity endorsements are huge. I myself don’t understand why I could care less if a celebrity advertises something. But I saw a penny stock go up 1600% over three days because Dennis Rodman was backing the product. This was about three or four years ago and Dennis Rodman was pretty insignificant by then. Celebrities speak and sheep follow.
“Thanks for bringing that to our attention.”
WOW
As if there was a single shareholder who didn’t notice.
Lmao
Well the ship is about a nickel further then when I suggest you start swimming. That’s 25% further out.
Kim has out our countless PRs where he stated that they exceeded his expectations. So it sounds like he just wants to be able to say it again. Lol
I don’t believe for one second that IF we have a RS that it will happen before fall. It will be the last thing done before we go to up list. IMHO. It is very possible we won’t need it. With one or two good contract from large company’s I don’t believe we will need it. Maybe it will happen maybe not. But I’m feeling better than I ever have about my investment here.
We broke a pattern I’ve noticed most penny stocks have over long periods of time. That had me worried. Once that broke I new we were finally on our way.
HAPPY GREEN DAY
I think we will have a power hr buying frenzy.
Small production has been happening for years. Samples have been going out to potential customers the entire time. Also some has been used for testing different ways they can use the silk.
“And there will be more coming.... “
Exactly. This PR is great news. But I’m more excited that I think it’s the beginning of another PR blitz.
Look like renovations are completed. Ready to start pumping out some silk.
Looks like another low volume no real movement day. I expect a few more like this.
The CEO at my company makes 2 million a year and can receive as much as a 90% bonus. He walked into the job a few years ago and hasn’t done anything to improve the company. So what’s your point? Oh and he takes his salary. He doesn’t push it off until he feels he deserves it.
OTC Markets Group Policy on Stock Promotion - Released October 2017
OTC Markets Group monitors for potential promotional activity relating to securities trading on our markets. We review for anonymous paid promotions, possible connections to bad actors, and evaluate the promotions potential impact on trading.
A company whose security is being promoted may not be directly involved or even aware of a promotion campaign for their securities, however all public companies have an obligation to provide accurate disclosure to investors and quickly address any misleading information that could affect the trading market for their securities.
https://www.otcmarkets.com/learn/investor-protection
Gap closed. Hopefully we start to rise again. Probably will still be a red day.
It’s your move Kim.
Did I not go on to say that in my post. Pretty sure I did.
Kim has to prove to the world he has what he says he has. If he does that then DuPont will absolutely take notice.
Once we cross this threshold the SP will reflect it.
I’m sure they keep a watch list of potential competition. Probably categorized by potential threat.
They didn’t become this successful by putting on there blinders.
I’m sure all of KBLB so called competition is also on that list as well.
DuPont sold $3.9 billion worth of Kevlar in 2014. Witch accounted for about 11% of there total revenue.
I think if an up and coming company puts those sales in jeopardy they will be on high alert. I’m sure they already are. At least a moderate alert.
Like many have said. Once Kim proves the concept things will get interesting around here. Everything is great in theory. But Kim needs to produce and sell material with satisfaction from customers.
Can I make my guess as the collective average on the final date?
Well maybe this will help. The Utah created silk was said to be twice as strong and normal silkworm silk. Original dragon silk is over 4 times stronger then normal silkworm silk. And we don’t even know about dragon silk 2.0.
If Utah’s silk is so great why do the only show kraigs shoot packs? It says Utah acquired 2 times stronger than normal silkworm silk. Dragon silk is about 4+ times stronger.
One thing I understand about shorting is that you have to have a lot of cash in your account. I have heard dollar for dollar for what your shorting. So if you want to short $10000 u need $20000 in your account. If the price goes up to where u owe the extra $10000. I believe that’s when they have to cover or get more cash. I’ve heard in penny’s you might need more the 1-4-1. But I haven’t verified any of that. Probably up to your broker.
If memory serves me. The strand was synthetic. There for should be Patentable.
We finally broke out of .23 so the trend up should begin again.
My only concern is that we gapped up.
I still hope for a close at or above .26
I think so. We dropped 2cents on about 250k shares.
My thinking is that the current price reflected worst fears. And with the recent 8k it definitely don’t look like it is going to be the worst case scenario. So I think some will feel a little better about accumulating. I don’t think it will be on huge volume but I’m sure we will see more volume today.
Hope I’m right as well.