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2's are knockin' at the door
2's are ringin' the bell
2's are knockin' at the door
2's are ringin' the bell
Do me a favor
Open the door and let 'em in
<< And some lucky dog is buying them. >>
That is a common misconcepion for people that don't understand how the market works.
When someone sells shares, they are selling to a market maker. They aren't selling to the public. That is why there is a spread (so the market maker can make money for providing liquidity).
<< Lots? >>
590K shares SOLD in the 1st eight minutes.
Unfortunately, for every 1 scammer that is caught there are a 1000 others that are not.
2's are knockin' at the door
2's are ringin' the bell
2's are knockin' at the door
2's are ringin' the bell
Do me a favor
Open the door and let 'em in
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2s are knocking on the door.....
<< hundreds of million of shares were diluted and were bought up by many wealthy investors connected to yorkville... >>
That is pure conjecture.
The only thing that anyone knows for sure is that one person bought about 57 million shares. When the annual 10-K is posted, we will see how many shares he has dumped.
On Dec 31 2022, he had 60,634,347 shares.
On Apr 14 2023, he had 56,935,028 shares.
That is a reduction of 3,699,319 shares.
It looks like he is starting to realize that he has made a huge mistake.
<< we already have had large wealthy investors buy into kblb to the tune of hundreds of millions of shares via the caymen island hedge fund... >>
That is a complete lie.
YA II PN didn't hold onto anything. They were just a middle man that purchased shares for a short period (a few days), in order to make a huge profit, and then dump the shares on the open market. That was the agreement that they signed with KBLB. They weren't allowed to hold more than 5% of the O/S at any time. And if they did hold, they are required by law to file the appropriate SEC documents showing how much they have.
<< I know some naysayers will see humor but instead of bear future let's insert near future. >>
You got it right the first time.
Go with your subconcious. It is usually correct.
<< Do you understand what it takes and how long it takes for a brand new company to grow and reach mass production? The usual amount of time is around ten years. >>
KBLB has been a company since Apr 2006. That is over 17 years!
And they haven't produced more than a few pounds (at most) of spider-ish silk during that entire time.
2s by the holidays???
That is what the trend over the last few months seems to indicate.....
WRONG AGAIN!
What he posted is the truth.
All one has to do to verify, is to look at their posts over the years and they will see that they are filled with a never-ending list of innuendo, rumors, and flat out lies.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1 (from 6 Jun 2023):
***NEWBIES***
Run like hell from this ticker, and never look back....
For those that are new here, KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly. That isn't a mistake. That bears repeating...
KBLB has almost 100 TRILLION authorized shares.
https://www.otcmarkets.com/stock/KBLB/security
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
***KBLB ONLY ADDED 1 POSITION IN THE LAST QUARTER (AND NOT 2)***
KBLB has been implying that they were adding 2 new positions over the past 6 months.
In a PR dated 28 Feb 2023, KBLB stated that they added "2 new positions":
https://www.kraiglabs.com/kraig-biocraft-laboratories-adds-two-new-positions-on-research-team-to-accelerate-implementation-of-its-spider-silk-technology-roadmap/
In another PR dated 19 Jul 2023, they once again doubled-down and stated that they filled "2 new positions".
https://www.kraiglabs.com/new-sericulture-experts-join-kraig-biocraft-laboratories-bringing-extensive-experience-supporting-acceleration-of-production-ramp-up/
Yet, a comparison between the last 2 S-1/A documents filed with the SEC by KBLB shows that they only increased their full-time staff by 1 individual (and not 2).
This is from S-1/A (#13) filed on 6 Jun 2023:
<< the PR stating they hired new staff. >>
There were 2 prior PRs this year that stated that they were hiring 2 personnel, but when the quarterly filing came out, it showed only a difference of 1 person. As I had suspected and posted at that time, personnel probably quit and they were replacing them. I was correct.
The same thing is probably happening this time around.
<< I’m hoping the additional scientist have come on board to help in a collaboration with the United States Air Force. >>
There is NO collaboration.
If there was, the Douchebag CEO wouldn't have posted the meaningless PR today. He would be shouting it from the hilltop.
<< Hiring of Fraser all in all is a good thing. >>
KBLB didn't hire Fraser. He retired. Since he retired, the lab is probably closing and he is helping his students find work.
<< Good to see Mr Frazer talking up Kraig Labs! >>
"Mr Frazer" isn't talking up anything, especially KBLB.
<< He urged the court to sentence him for 4 years. >>
Once a con, always a con....
The judge better make sure he has his watch and wallet when he leaves the courtroom.
<< Why is KBLB hiring these new people? >>
It is very possible that a few more employees have quit, and they are trying to fill those positions.
<< To me, it speaks to an ongoing problem they are having in creating GMO silkworms that can be ramped up to commercial production. >>
That is also a possibility.
<< growing their staff >>
There is no evidence that the staff has grown. In reality, one or more individuals might have quit, and they are now replacing them.
The last time we went through this same scenario (where KBLB was claiming to have hired 2 additional people, we found out that wasn't true and the staff count only increased by 1).
Another fluff PR put out to try to sell more bags filled with "golden" poop. LOL.
And still no commercial production.......
<< Could it be that those who fiercely promote KBLB and attack those who share a more reality based view are shareholders who lost a lot of money by investing heavily when KBLB was higher priced and are now hoping to pump the stock back up to recover their losses? >>
That sounds correct.
Amost everyone that bought shares in the last 5 years is underwater.
<< Market makers cannot be trusted as they can mark buys as sells when needed as needed and vice versa. >>
There might be a small percentage of trades where that happens, but in general that isn't true (especially on the OTC where most investors cannot put in a market order and have to place a limit order).
Yes, 1.5 million shares TRADED.
845K sells
333K buys
370K at the midpoint
When the general public buys or sells shares, they do so with a market maker (that is why there is a spread).
As such, trades are categorized into buys and sells.
https://ih.advfn.com/stock-market/USOTC/zion-oil-and-gas-qx-ZNOG/trades
<< And somebody just BOUGHT 1.2 million shares ....again >>
That is impossible since there were only 333K shares bought today (844K shares were sold).
<< I suppose the question is: should investors have expected 2022 to be the year that KBLB had production, sales, and revenues given his statement. >>
If you go back and read the posts after that PR was posted (from that point through the end of the year), the answer is definitely "YES".
<< I thought Jon Rice was predicting 2023 to be their ‘breakout year.’ Or was that 2022? >>
That blatant lie was said almost 2 years ago (it was Jan 2022).
<< am surprised that the price is holding pretty well.>>
Dropping 24% in one day isn't "holding pretty well". It is a significant drop.
Once again, a 100-share paint job (worth about $3) at the end of the day tries to make it seem that this stock isn't a total POS.
<< Days away from KBLB transformation..... >>
WRONG AGAIN!
We can come back next week, next month, and next quarter, and the company still won't be producing anything of significance.
<< I have been here 13 years and refuse to sell one share. >>
That is a bunch of elephant manure!
You sold at least once (which you had announced on the board and were lambasted for it), and probably many more times since then.
<< The only way to make real money is to buy and hold for a BO. >>
Nobody is going to be buying this POS penny stock. It isn't even worth the 3 cents that it is currently at.
israelnationalnews.com is working for me.
jpost.com just displays a header at the top for me, but nothing else.
Bob Mullet: Bravo!
Great post.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB: