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Anybody know what we still owe to Yorkville?
100% agree
If you see “miracle” the prodigy cow’s shadow in Rice’s vacation photos it’ll be 6 more weeks until Spydasilk launch…If you don’t see the shadow the launch will be “soon”
The text describes them as “units”…the price of one unit is equal to 75x the current share price..
Would be 75:1 rs
I thought he needed a marketable product to uplist….does this mean he has one?
I find it hard that anyone can believe that with or without a reverse split the share price would’ve held anywhere near the all-time high. That share price was three years ago and it’s been proven that there wouldn’t have been enough production support any type of contract with Polartec. The reverse split probably was the first big chip to fall but we’d be right back at the all-time high if not higher if Kim was pumping out silk. I’m not a sophisticated investor by any means but even I can tell you that the reason that investor sentiment is where it is because the company has never produced anything other than forward-looking statements in regards to commercial quantities. With that being said, I am rational about the realistic setbacks and optimistic that we are finally on the path to legitimate commercial quantities. But until those quantities are achieved… Share price will remain in the single digit cents. If I was going to recommend KBLB to another investor and they asked me to nail down a time frame of when the first legitimate large quantity shipment would be made and revenues received… I would have a very difficult time supplying anything more than a guess unfortunately. We sure do seem close, but I have no idea whether that timeframe is two months or two years to be totally honest.
I sure hope when Kim finally breaks his silence the news is positive. His shareholders need a win here in a bad way…
Not a bad gig in my opinion, but if he was to sell spider silk in commercial quantities he’d be exponentially richer.
So troooooo! The only thing that cow can say is that Kim has been milking this out too long and it’s udderly ridiculous haha
You need to leave that cow alone hahaha
“Prodigy Textiles is now FULLY operational and beginning to fulfilling its mission of bringing eco-responsible and cost-effective spider silk to the global textile markets,” said Company COO, Jon Rice.
They may just give you a line a bull lol
The biggest one day pps drop I’ve seen in some time happened after his last pr…it’s tough waiting especially when the pps has some momentum but a fluff pr won’t do anything to increase the pps at this point…
Is that what happened to the first shipment to Kings? The fibers got wet and turned from a “small” shipment into just “samples” hahaha
The way I read the PR was that the 20-50 times increase would be the 6th generation (where they were able to screen the eggs). I’m not sure how the test equipment works as far as that goes. They do refer to it as “in process” testing though so maybe since they have the equipment in operation they were able to increase production in the fifth generation.
Lol will do…here’s my first question…when will the sp hit a dollar? Haha
Here’s the text of an email I sent to IR yesterday, followed by Ben’s response. It doesn’t look likely we’re gonna get any concrete production numbers anytime soon. I hope I stand corrected.
As an investor in Kblb, it concerns me to see a PR that I view as positive information be met with a sharp drop in share price. My view, as with many other investors is that the information in this PR, as well as countless others, gives vague information that is not investable for many. A previous PR stated 10x increase in production once lab equipment was online. The last one stated 20-50x. Those numbers sound great but are meaningless without a base number to compare. I guess my question is…When the sixth generation is harvested and it is 20-50x the quantity that Prodigy is currently producing, will we finally get some hard data on how much silk is being produced? It hard for me to decide whether it’s wise for me to stay invested if Prodigy is producing at or near capacity and I still don’t have any numbers to look at.
Regards,
Josh Matthews
This was Ben’s reply….
I don't know if the sixth gen data will be published, but it seems likely that one of the net few generations' quantities will be announced.
Best regards,
Ben Hansel
720.288.8495
The way I look at it is this… If that projection is true, even though many are going to complain that the quantity should be greater, etc. etc. etc.…Tell Me who has produced a half ton of spider silk in any timeframe the history of mankind…I’ll wait
I posted it back in October but here it is again. Not sure how to post a screenshot on here but this is the email content…
As recently announced, the Company expects to deliver its first fabrics soon, which will generate the Company's first retail sales.
Kraig Labs continues to grow its production capacity, but, since management hasn't announced that, I don't know the specifics. However, I know that they're pleased with the growth rate and I believe that they should hit the thousand pounds/ month rate by sometime in the next quarter.
Best regards,
Ben Hansel
720.288.8495
Ben told me in an email back in October that they plan to hit 1000 pounds a month at some point in the first quarter…take that for what it’s worth…
Thank you!
100% malarkey
I too am surprised at that number lol
Looking for the the next generation silk with quantity reported (hopefully 1000 pound range at least) and confirmation of delivery and then we’ll see the pps rise and hold. Until then investors don’t know what they’re getting into. They can only speculate… These patents could be amazing… But even if they work out into a viable technology it could still be years before revenues are seen. The market wants the company to report specific quantities of commercial spider silk.
100% true….if you firmly believe it’s a fraud you’re wise to sell even at a loss. I think we’re weeks away from some really good news. When that happens it’ll shut down the “fraud” conversation…for awhile at least
Whatever you do, don’t let Kim keep you out of the Northern Michigan wilderness… If it comes down to it I’ll take you there myself lol I go multiple times a year!
Thank you!
Anyone try to access the Spydasilk website lately? Was “under construction”, now I can’t find it on Google…
I hope so. I’m optimistic but we gotta sell some silk!!
Yes and it’s probably much lower than what is needed to even fill the orders from Kings within the timeframe of their contract (I can’t remember the specifics) but it is a number that shows progress and it is commercial scale metric ton production, just not monthly. I think investors just want to see specifics on where you are at now and where you plan to be at certain points in the future. Don’t tell me you’re ramping up or expect to produce 10x the current amount you’re making now. If there’s no baseline, it’s all speculation.
I don’t it’s a scam. I 100% don’t believe it is. I think the technology portfolio that Kraig has is amazing. I think there have been factors that have caused delay out of Kim’s control. I also think the slow pace is a result of trying to bring this technology to fruition using a shoestring budget. Kim also has to accept some blame. There will always be unseen setbacks sorting out a process like this, as there has been. I think Kim has been less than transparent because those setbacks have led to production numbers etc. that aren’t impressive to date and he’s probably trying to shield from an even lower sp. I’m hoping, as all Kraig investors are, that this year they can put up some of the numbers that can actually produce revenues. Time will tell…
I used to be under the impression that once they made the initial shipment to Kings that the share price would see a really nice bump. I’m don’t see it now especially if they don’t reveal any specifics on the shipment. Just a small bump followed by a slow bleed per usual. For any real movement investors need to see specifics when it comes to actual production and growth rate. When Ben responded to my email a couple months ago and said they are planning to hit 1000 pounds per month in the first quarter, that was one of the only specifics I’ve ever seen from this company. Keep in mind that was Ben.
This is why Kraig is where they are. (Share price) This PR from 2019 mirrors what they should be putting out here “soon” regarding the current status of the company. “Readying for commercial shipment and accelerating production growth” in December 2019. Over two years later they are basically talking the same exact game. Like so man have said on that board for so long…time to S#*t or get off the pot Thompson.
Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
December 17, 2019
ANN ARBOR, Mich.--(BUSINESS WIRE)--Dec 17, 2019--
Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that the Company is nearing completion of the second production cycle, of recombinant spider silk, at its Vietnamese production factory. The Company expects to begin shipping the specialized silk cocoons by next week. These cocoons will be turned into the first recombinant spider silk yarn from this new facility and, once complete, will be sent to the US, for testing and delivery to customers.
The Company transferred production operations, in October of this year, to the Prodigy Textiles factory, the Company’s Vietnamese subsidiary. Over the last two months, the Company has been scaling this facility’s throughput, nearly tripling its skilled workforce to support its rapidly growing operations.
The Company’s COO, Jon Rice, is currently in Vietnam overseeing operations, assisting in preparations for this first shipment, and guiding the implementation of additional operational process controls. During this trip, Rice and Prodigy Textiles’ management are also working with local government officials to assess and plan the allocation of additional land and facilities to grow Prodigy’s operations.
Website is working again
I want to say the Spydasilk website has been under construction since like the 25th of January. The company websites went down on the 31st due to server issues. Those seem like two separate events to me.
From FB
We have received several questions about the server failure at our web hosting provider that occurred Monday morning. Due to the volume of web track the Company's sites receive we subscribed to, effectively, a dedicated server service. On Monday that server suffered a total mechanical failure. over the past 48 hrs the hosting provider has recovered all of the content for each of Kraig's sites and ported that data to a new server. They are currently in the process of reconstructing the databases and supporting services needed to bring the sites back online. Our team here at Kraig is working closely with the technical support staff at our hosting servicer to restore our web presence and in monitoring progress hourly. This process has taken far longer than we or the hosting provided expected. We thank you for your understanding as they continue to work around the clock to restore our hosting service.
Very true haha
I was hoping to make the comparison to Stafford himself rising from the ashes…if I’m comparing Kblb with the Lions it’s time to sell lol
I was more thinking of how Stafford’s 12 long years in Detroit is comparable to the longs with Kblb. He’s playing in the big game in 2022…hopefully an omen lol