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Excellent close on decent volume , although I’d like to have seen higher volume. Still , this was a big day psychologically.
I haven’t changed. I’m just here to make money. When I think it’s headed down , I say so. When I think it’s headed up , I say so. Im not “loyal” to kblb or Kim Thompson. I’m loyal to myself.
I think it gets there. I think we’ll be a quarter before the 19th.
Agree. I had predicted a return to mid 20s following that last PR but I’m pleasantly surprised at how fast it’s moving up. I thought it would be a little slower. Let’s hope Kim doesn’t murder the run like the last time.
I’m always amused by comments about “shorts”. They’re like a boogeyman for them apparently. One should understand the difference between shorting a stock and trading a stock. Only a fool would short a penny stock imo. A fool or a sophisticated high-risk pro.
Great day in kblb land. Congrats to all who booked some profit.
Great post.
Silk ? Who needs to produce silk when Kim wears that lab coat so well and is so photogenic in it lol. That’s the real business model.
Yeah positive thinking. I put that in the same camp as “thoughts and prayers”. Both accomplish absolutely nothing but it sure makes the folks feel like they’re “doing” something.
Yeah Thursday is an odd day for good news. Then again,this is Kim. Everything he does seems an afterthought or no thought. I’m of the mind that he’s going to do the r/s Thursday or Friday. He probably thinks whatever good news he reveals will help buffer against the r/s. It won’t.
Already had at 9 and 10 cents and already dumped at 13 and 14 yesterday. Nice quick easy profit. That’s the only way a shareholder makes money off kblb. As far as buying back in , I have other lots I’ve yet to sell.
He doesn’t answer basic questions. Not truthfully and openly and honestly anyway. I’m not going waste my money to watch him pee on shareholders and tell them it’s raining lol. The real truth is always in the 8k and 10ks. You think it’s ok for a CEO to only answer questions in person and off the record for those foolish enough to pay to for a flight and a hotel stay? It doesn’t occur to you that It gives him deniability and avoid accountability ? Where are the minutes of the meeting if he fielded questions on the record ? Why the secrecy from the rest of his shareholders then ? If it’s not in a PR , or in the sec filings , I’m not interested because that tells me all I need to know. It’s b.s. He could tell have told you at that meeting the moon is made of cheese. You may believe him but it doesn’t make it true nor can you hold him accountable.
“ Kim would have never scheduled this unless it was something huge.”
You mean like the Notre dame press conference where they announced they achieved the holy grail 10 years ago ?
Or the 2015 conference call 5 years ago where your “fearless leader” CEO said that dragon silk was ready for scale and sale ?
“Lol’s”
Nope, and glad I didn’t waste the money. Lot of good it did for those who went. Didn’t bother to listen to someone’s audio of it either. It’s all blah blah blah. I’m not interested in hearing Kim spin. Only interested in tangible results.
What they actually said was “ The Company expects to re-ignite its production expansion over the next 30-45 days, as spring temperatures realign with production requirements. The Company will also use this growing season as an opportunity to improve its internal factory environmental control protocols. When all controls are in place, the Company believes that it can successfully reach year-round production. ”
Key words:: “expects to re-ignite”. In other words, BEGIN. Best case scenario , they’ve only just begun in February , making March too soon for delivery. Remember , originally they began the production run in October and they expected to make that delivery in the first quarter of 2020. That means Jan , Feb, March. Their delay in starting the new and improved production run is approx 3 or 4 months from the original. May is best case scenario for delivery Imo. Probably more likely Jun or July.
I’ll drink to that. CEO Kim knows his cult like audience and plays it like a maestro. He’s never been held to account to answer basic questions about the operation of his company even though it’s a public company. The guy hasn’t held a real press conference with his shareholders since 2015. His auditors are crooks themselves. The shareholders meeting last year was only held because it’s required in order to change its bylaws and authorize the RS. It was a formality as he really didn’t need anyone else’s vote. He actually stated he was surprised anyone showed up lol. He probably couldnt believe anyone would waste a plane ticket and their time. That makes two of us.
Yep, I normally know better. No matter , all I really cared about yesterday was making some quick trades so it served its purpose.
Well I’m pretty sure as nowhere did they invite anyone to submit questions or indicate they will be taking questions. The press were not invited to be at location. So .... how are the press supposed to ask questions in a closed circuit webcast ?
Yeah they’re calling it a press conference and it fooled me yesterday. However, if they’re not taking questions then it’s not a press conference. It’s a staged pr stunt.
You are correct. I read it too quickly yesterday and thought it was a press conference too. So now I have to agree that it’s probably just more of the same “dazzle them with b.s” Kim Thompson stunt work to prop up the falling stock price.
I’m thinking delivery not till May.
Maybe they’re going to be introducing a new method and procedure and not a new line of silks. Who knows. I don’t really care. It’s all talk until they can sell something. What I do care about is the effect the PR had on the share price and I liked the bump we got out of it yesterday. Any action is better than no action.
Far as the r/s is concerned I agree with you there. CEO hasn’t announced the r/s is canceled because it’s not. As webslinger , pointed it out, he very much needs it to happen to maintain control. Sure, maybe he’d like it to coincide with an uplist so he can get better financing offers but he’ll still do the r/s even without an uplist if he has to.
These comments from some that they’ve been “assured” by a guy who talked to a guy who talked to an insider makes me laugh. How many times over the years , do the same ones claim to have the “inside scoop”. How’s that worked out for them to date. At best , they got their information from IR guru Ben, who’s proven himself to know even less than shareholders. Ben hints a lot without actually saying anything that can be held to account. It’s absurd.
Looks like my original guesstimate this morning of 13-14 cents was the right one. I think we do a slow climb into the mid .20s between now and the 19th.
Yeah that R/S will happen. It’s a matter of when not if
I Agree with all you said EXCEPT I think it’s purpose is both to protect his controlling interest , as you said , but I do think he really intends to uplist. Whether he’s capable of executing that goal is another matter. I think he intends to uplist as he stated because he does want better financing terms than is currently available to a stinky pinky.
Oh I’m aware. However , the vast majority of them are because a company is already listed on a national exchange and they’re trying to remain listed. Those are like catching a falling knife. A good recent example is Frontier Communications.
In this case, kblb is attempting to get listed on the nasdaq. If executed properly , the r/s doesn’t have to hurt shareholders. The big question is whether the CEO knows what he’s doing. On that point , I have my doubts.
The vote was just a formality. Kim has all the voting power so it was always going to get approved. I don’t blame you for staying away. I don’t fear the R/S. I fear Kim’s execution of it. The deadline of July can easily be extended with another fake shareholder meeting. He may have to find board members all over again though.
That’s why you should trade lots. Today I sold shares I had bought at .11 and .10 cents. It’s all about trying to trade within a channel. Kblb is fairly predictable and that’s why I like to trade it.
Already Crossed 50day and 20dayma today; it’d be great if we close above .16 today, would establish a solid
Reversal
Doesn’t look like it to me. This volume and price doesn’t indicate shorts rushing to cover. Shorting a penny stock is rare.; not even allowed by many brokerage firms. You’d have to be mad crazy to short a penny stock imo.
Nice call if I do say so myself ;)
A conference is good. Omg. We’re actually going to hear Kim’s lovely voice again ? It’s been 5 years since he came down from heaven. This should be interesting. My estimate of 13 to 14 cents for today might be too conservative? Can we get back to 20 cents between today and tomorrow ?
Lol funny timing! I guess the company read my post yesterday and called my bluff where I just said:
“Right about now would be a good time to tell investors a little more detail about their “next generation” “beyond dragon silk” wonder materials that they bragged about only vaguely and has said nothing since. A little PR on that could help prop the stock price. They won’t though. I suspect we’ll never hear anymore about it just like big red , spider pillar , and on and on.“
This is a case where I’m happy to be wrong. I’m glad they will be updating us on March 19th This should at least stem the bleeding of the stock price and might even give it a much needed little boost. 13 cents today ? 14 ?
Ok this actually made me laugh.
The WHO is close to declaring it a pandemic.
9 cents by Friday. It’s like falling out of a tree hitting every branch on way down. It takes a little longer but it’ll get there.
Well, if true , those shorters are doing a heckuva good job ;)
“ Kim has NO MORE room for failure... ”
That’s where I disagree with you. Kim can continue to fail. All he needs to do is reverse split and continue diluting. He won’t feel the pain nearly as much as his shareholders who are “holden the golden “ lol
Would be nice for kblb to up its game. That’s the only one here that needs to. Right about now would be a good time to tell investors a little more detail about their “next generation” “beyond dragon silk” wonder materials that they bragged about only vaguely and has said nothing since. A little PR on that could help prop the stock price. They won’t though. I suspect we’ll never hear anymore about it just like big red , spider pillar , and on and on.