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I agree whole-heartedly that people get both too excited on this board and too conspiratorial. However, my solution to that problem is to take in the information and not so much rehash what it says or the implications of what are there, but rather, to keep people from making grand leaps as to what is NOT there.
A brief study in evolutionary arms races will tell you meeting overly excited proclamations of "$1 PPS TOMORROW LOLOLO" with "This company is likely doing shady business under the table and leaking insider info etc" is not a reasonable way to bring the board to a more moderate position. You'll never calm the eternal optimist. The eternal optimist can also do people great harm if they don't think critically. I've read plenty of examples where people buy more than they can afford on the advice of a stranger on the internet who sees the world totally full, not even half.
If you feel that KBLB is doing things and you have evidence of that, present it and feel free to provide your own spin. But if you're just balancing out the puppy-pee party with negativity for the sake of doing that, you're being disingenuous and not moving the board into the direction of helpful conversation.
I love hard evidence, and I just don't see the evidence right now that KBLB would have to be involved in the SWA alert. I 'knew' there was going to be a PR, with only the info from this board (which may have been subsequently deleted). It wasn't inside info as to the content, but I honestly don't think that the IR saying 'The company will be communicating lots of information soon' is inside info either.
Perhaps the e-mail from Ben was in a deleted message by Forza1? Anyone have that info?
It really doesn't take a rocket scientist to make an educated guess that a PR is going to come out on a Monday morning when IR said to expect a PR per week for a while. It makes perfect sense that SWA would run their rec. when they did and it requires no conspiratorial undertones to understand. If SWA has ulterior motives, they can operate without KBLB feeding them info or others feeding them cash. We all 'knew' a PR was due, so why is it such a shock that they did too. No insider info, no dark corners. It's as if some want there to be darkness so there's something to talk about. Use a scientist's brain and think about alternative hypotheses that explain the same phenomenon and I think you'll find that the coordination of three 'shady' parties isn't required to explain the pattern of events.
Could they have? Sure. Is it more likely? I don't believe so, but all I'm certain of is that I'm not certain. Have fun bickering until next PR!
All the better for me. This news may have underwhelmed but I have little doubt that I have the patience to hold this into new highs. I don't really have enough to buy and sell often (read: Grad Student) so I'm just accumulating. It's such a stark change in energy on the board today when in reality, nothing has changed. Maybe the balloons and streamers were premature last week, and I try not to get wrapped up in the day-to-day (though more power to those that can profit from it).
I'm optimistic, patient, and willing to pull out with a profit at anytime barring catastrophe. Makes my experience here so much less stressful and negative than some here.
GLTA
I've still got a buy order in the $0.05 area, but for everyone's sake I hope it never gets filled.
Honest question for the more business-minded: Do you PR on Friday at 4:00 of a long weekend if you have something good? I'm NOT speculating or predicting, I'm asking from a strategic level if building that fervor is wise or whether you've seen it in the past.
Such movement today, wow. Glad I got a little more when I did! My lowball bid doesn't stand a chance today. :( but a little :)
Fishing for more today, but shooting low. We'll see if anyone's silly enough to sell to me.
I think this board could do itself a lot of favors if people without a scientific background would refrain from in-depth scientific analyses. Not all of course (I understand this is a biotech) but the really technical bits. Without a cursory knowledge of molecular biology, a lot of the statements made in the last few days are frustratingly inane to read and wind up being misleading if you don't know better. The business purposes of a UV-induced red silk are interesting to think about, and I agree that it would be nice to know which platform they used to make it (probably ZFN, but I won't speculate past an assumption until I hear more), but the speculation is spilling over into really pointless semantic arguments ("technically correct" = nananana-booboo stick your head in doodoo) which derails more interesting discussion points.
Otherwise, I'm excited for Ben's response regarding frequency of PRs in the coming weeks. Ben, like most on the board, is not a scientist though so if you want the specifics of your scientific minutia answered I'd try and get in touch with Kim instead (harder, I realize).
GLTA
EDIT: I didn't offer any answers because the PR was vague. Like a Bible, you can get different messages from it if you read it with tinted glasses. I'm just waiting for a more technical PR (or conference call) to address the scientific aspects. I'm not just being a withholding schmuck.
I more than doubled my position in KBLB today. That probably isn't much compared to some of you, and may be more than others, but I feel like with the ongoing commitment to new products that appear to be customizable to suit the need (strength vs. elongation etc), I think the KBLB is on the cusp of a great deal.
The business side of things, I agree, is tenuous. However, in my humble opinion, we're dealing with a very cool and very new type of product that we can afford to be choosy with. Nobody wants to lose the race to commercialization to another company, and it's entirely feasible from my scientific perspective that there could be people following suit in other labs simply keeping quiet, but I currently think KBLB is in a great position to make a big sale and make us some serious money in the process.
The world of transgenics is very sexy right now, and as someone with much more lab experience than business savvy, KBLB seems to be doing a great job staying on the cutting edge.
http://www.newscientist.com/article/dn17003-fluorescent-puppy-is-worlds-first-transgenic-dog.html
Adorable and relevant? Realistically, there are lots of proteins that glow under UV and encompass almost the entire visible light spectrum. They're used all the time in molecular biology and cytogenetics, but it would be a pretty neat party trick for clothing.
I guess I wouldn't want a bullet-proof vest that glowed red though...might make you a little easier to spot with the right equipment.
My buy is currently stalled, I'm trying to increase my position. GLTA!
That's a silly semantic response. It's pretty obvious that in the context of that post that 'the market' means the market that most people care about (NASDAQ, DJIA, etc). Semantic arguments are as useless as misinformation.
KBLB is not impacted if AAPL goes down 50%. KBLB is not impacted if GE soars 300%. That's the point. Tracking the trends of the overall stock market is not correlated with the activity of KBLB. To find correlations, you should look to stocks within the same realm (biosynthesis, etc) because you can track activity within a subfamily of stocks.
I'm of the ilk that thinks there's nothing we can do but wait or move on. I'm just waiting, because I'm sure that this constant picking apart of OLD information will yield no actionable intelligence. New data, new DD. We know where KBLB stands. It's stagnant right now. Science gets like that. I know. I'm doing it literally right now posting on this board from a lab where I'm doing molecular biology. I hope that we wake up one day to good news, but if we don't then it comes down to whether or not you invested more than you could afford to lose. I hope everyone's in a good spot where they can sell for a gain on a pop, be it long or short.
GLTA and keep an eye on the big picture. KBLB can fail, it can succeed. News (or lack thereof) will tell us which way it's going to go. But this timeframe of silence in science is indicative of nothing.
If possible, I'd like to jump out in front of what I consider an obvious point certain posters will make about the 10-Q:
"This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern."
This statement is in nearly EVERY 10-Q from development-stage companies. It's nearly meaningless in its ubiquity. Just putting that out there now to quash silly posts afterwards.
Ugh...getting dropped on trades in the hundred dollar range. Frustrating.
Quote from picture: "Howard Buffet opens London Stock Exchange"
But at least he knows IAGM exists!
JoVE is the best thing to happen to experimental biology in a long time. It's actually a shame it took as long as it did to get running, but wow, what a resource.
I agree with the sentiment that this conversation is healthy for the board. In science, as well as in investing I would suspect, if you can't defend your position, you don't understand it well enough.
While I agree with your optimism, a day with 0 volume at this PPS is pretty crazy. Interest has dried up, and I'm hoping that they can do something before or during the Olympics to really raise awareness, or else this remains completely non-liquid. People need to hear about capital. Cool free apps are cool, but free. I think they need to give the app time to get some legs and then tell people how that makes them money.
Maybe the Olympics will be the kick in the bum we're looking for.
Exactly the opposite. Fibbers are the ones that said Ben didn't reply.
Rephrase: PR Radio Silence.
I don't want updates when they're not needed, and I hardly think we're in a PR drought. Nonetheless, the water is tranquil right now, at least on the surface. Maybe it's like a duck in the water...
I'm not insinuating his motives in anyway. If you need money, you need money. The only way to view the sale is neutral (dog ate a Duty Free Toblerone) or neutral-bad (might as well sell now because a few weeks won't make a difference in PPS). Only one scenario is interesting but there's no way other than to ask Kim to distinguish the two.
Hey, everyone needs a salary. There's always something to be said for timing however. I don't think it's a conspiracy or an abandon-ship, just doesn't really make sense to sell before news if news is imminent...
Well that's...disheartening.
Yeah, I didn't think you were acting on that. I was only implying that I don't think that most investors would be acting on that either. I don't know this, it just seems like that's the kind of thing a scientific conference crowd would anticipate, not investors. The science is out there for them, now they're looking for the capital.
Nice push at the end of the day for volume at least. If only PPS would follow and not retreat...
Too bad we couldn't get on here!
http://www.hlntv.com/article/2012/07/17/olympics-apps-london-2012-iphone-android?hpt=hp_c2
But you of all people should know that you don't ever bet on the date of expected results. We have no idea where they are with that, only assumptions based on previous experiments. Nobody that's investing their money, especially with less understanding of the science than you or I, will bet on the "Results are Due" card...all my opinion obviously.
I've been involved in enough FDA approvals, lab results, and the like waiting schemes in penny stocks to know that the expected date means little in the real world. I'm sure they're analyzing the insertion results, but I wouldn't be surprised if we heard about it tomorrow, or in a month or more. It's just the nature of science. And the nature of science and the nature of penny investing are markedly different.
Edit: Incidentally, it's not clear that the investing public would give too much attention to the results of the insertions. While it would be strong from the company's perspective, it doesn't automatically mean that we are making money. I don't think anyone really doubts that we can make spider silk at this point, and I would hazard a guess that most think that KBLB is able to modify that silk for different needs. What people are looking for now is commercialization. Anything else is good news, but in my opinion, not game changing on the PPS side of things. You and I are in the minority with respect to how we view the science v. business sides of KBLB.
Looks like a post-lunch slow down...hopefully it picks back up. Understandably though, there's nothing different between today, and yesterday, and the day before, etc. With no updates (and I'm not claiming I want them if they're not legitimate) there's no real impetus for people to act, EXCEPT for sellers freeing up cash for other plays. Small buys and sells to add to positions, but there's just no reason this stock SHOULD be moving.
I'm quite optimistic for the future, but this is one that I think we need to set and forget and not fret over every minute 0.001 change. Most on this board understand that, but some are ready to move on (or are inexplicably here with no vested interest).
And not a share was traded...not even a block.
There is no a priori reason for a run right now. I think this is bored/scared/frustrated selling. KBLB has been stagnant for much longer than a stock in this price range normally is, and people on the short-end of trading don't hang around for months for the PR they're waiting for. The faithful are sticking around (wise or unwise as it may be) but it's due to the knowledge the the tech is sound, and the hope that the subsequent business will be too.
http://itunes.apple.com/ca/app/sofit/id536689295?mt=8&ls=1
I have it on my phone right now, definitely live!
Live in the Apple App Store as of 4:52PM CT!
PR tomorrow for the Android app or do you think they wait for the App Store release as well?
That's the hope...It's frustrating to me as a scientist that the science doesn't get hyped as much WITH a link to KBLB. It's a phenomenal feat and published no less, but still any mass media stories are just...well...our charismatic mammalian friends. BECAUSE this is so cheap, people would buy it if they knew about it, but you can't expect everyone to dig down that deep.
Whatever, I'm obviously still optimistic, but I can't help but perceive (whether right or wrong) squandered opportunities for some publicity. It's not new to me in this realm though, so I know I'm on the impatient side of the spectrum.
I agree, but it's also a penny stock (based on price) and as such, people will treat it like one.
I'm in it for the science, and I'd consider my interest of medium length. I'm not selling on the first pop, but I don't plan on retiring with KBLB holdings either (keep in mind I'm still in my 20's). I didn't mean to imply that we're seeing huge dumping, but it's harder for some people to stay patient with something that is bouncing between 0.05-0.06 in a day rather than something that moves between $50-$60 in a 6 month period. It doesn't phase people that are holding patiently, but they're only part of the market.
0.053s...Yikes...People appear to be getting impatient and are freeing up capital for trades with a little more action. KBLB had a very attractive nature for short-term traders a while back, then they've had to sit on it. Hopefully if people bail, it doesn't drop the floor out.
The science just takes time, but the market moves faster than PCRs and GMOs. I know this, because I'm doing PCRs right now, and I'm losing money faster than I'm making profits :)
GLTA
She doesn't get a lot of volume, does she...
It's a neat idea to be sure. I've been burned by Apps before, including one that could accurately detect skin cancer for goodness sake! There are so many Apps in the App Store/Android Market that if there isn't significant press, people just don't see them.
Compound that with the fact that this is a free app (likely with in-app purchases and ads) but the marketing does get complex at that point.
I'm not too worried about saying that I'm only this with some play money and that I'm looking to hold something for a year to see a return. The product looks cool, the idea seems fresh, it's all about marketing now.
I worked with Dr. Kaplan and a collaborator at Tufts working on silk scaffolds for tooth regeneration. The man is seriously brilliant.
So that was part of my question...
People already invested are aware of the App, but how much press do we think the App will actually get in the MSM? With statements like this:
"SoFit Mobile is the Official Solution Provider for ‘Walk a Mile’. Walk A Mile is a global event supported by the 2012 London Olympic Games that promotes social fitness and unity under the umbrella of the US State Department’s Hours Against Hate tolerance campaign."
That sounds really great, but 'supported by' the Olympics doesn't imply that the Olympics knows anything about or will address the existence of the App (though likely Walk a Mile will get press), but rather generally supports fitness related things. How big do you expect 'Walk a Mile' (and hopefully, by proxy IAGM) to be publicized in the wake of the whole Olympic spirit?
GLTA!
Hey everyone,
Today I bought a small stake in IAGM. I'm in a little higher than some of you I'd guess, but hopefully there's room to grow! Hey Duckman!
Publishing neat, informative, and clear images. Not about KBLB, talking about science publishing in general.
Scientific diagrams should always (in order of importance) a) tell the whole story, (b) be clear and concise, and (c) if possible, be neat.
This is not a KBLB problem, this is an overarching problem in publishing. I know exactly what that figure is saying, but I could have made it, without adding data or captions, much neater with about 45 seconds of work.
Again, for this purpose you're 100% right in that it is not written for non-scientists. I only suggest that if one works to make all their figures clear regardless of audience, there will be much less confusion if someone tries to read outside their comfort level. It's a style thing. Most don't care, but the tides are turning as can be seen in the top tier journals (Nature, Science, etc).