Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
“What is the mark up going to be?”
My guess is $250,000/ton, don’t know if this includes product licensing fees or not though. Probably go down some as market gets larger.
Buying opportunity!
“So why not just say how much he's produced?”
He’s evidently producing at least $40 million over the next 4 years. Don’t know why you need that converted to tons.
KBLB just contracted the equivalent of 40 tons per year at $250,000/ton for the next 4 years. That is full capacity for the current facility from what we’ve been told. How can anyone be disappointed with that? He now needs to come up with or execute his plan for going beyond the current facility hence the need for more capital.
Those disappointed by not signing Polartec first are jumping the gun since KBLB isn’t currently big enough to meet what their demand would be. This was a very smart move by Kim and better than my conservative projections of $200,000/ton.
“This Information Statement is first being mailed or furnished to the stockholders of the Company on or about February 5, 2021”
Looks like it won’t happen until at least 20 days after the above.
This is from the original S-1.
Quote:
“Reverse Stock Split
On or prior to the effective date of this registration statement of which this prospectus forms a part we will amend our articles of incorporation to effect a reverse stock split (the “Reverse Stock Split”). “
Today’s filing amends the articles of incorporation so that the stock split can be effected. By doing this before Kim seats the board and reduces his voting power saved having to do a full proxy vote of all the shareholders. Probably saved a lot of hassle and money by doing it this way. Since he doesn’t know the timing of the uplist he had to add the larger ratios and put the date out far enough so that he doesn’t have to keep updating it.
Looks like Kim is moving forward with the plan he has put in place. A huge reverse split ratio hurts Kim just as much as the rest of the shareholders so I expect he’ll keep the ratio as low as possible while still accomplishing his uplist goals.
Not tangible assets.
I did read them.
“As of August 20, 2020, the last reported sales price for our Common Stock as quoted on the OTCQB was $0.155 per share.”
This was the stock price when the S1-A was put out and the price range of the offering was set at $4.25-$6.25. Don’t see any mention of 13 cents.
“News alert. The share price is at 15 cents”
Bingo
“But 52 cents won't get KBLB uplisted. That is why you need at least 40:1.”
A 10:1 reverse split would make that $5.20. Plenty enough to get up listed. smh
“13 cents at a 40:1 reverse split is $5.20. That is the midpoint of the offering price”
And at 10:1 reverse split the midpoint price would be 52 cents using your logic. I can do fantasy math also. Offer also includes a warrant.
“kim already stated that he believes the offering will be right about 13 cents”
So when during this ‘quiet period’ did Kim ever state that? I’m pretty sure you are the only one that’s ever stated this.
“ Within the next 30 days, we will be working diligently to be Current on OTC Markets and have audited financial statements posted”
That was on Aug 3rd. Can anybody tell me where these audited financials are?
“there are 2 deceased stock holders and they are currently in a lawsuit with someone to retire some others”
So if you die the company takes your shares back? I see the one that’s still alive is putting up a fight, what will that cost? You sending a hitman?
“it shows how transparent they are.”
If they were so transparent they would have named the ‘MAJOR LAW FIRM’
“Share reduction but without reverse split takes them to nasdaq.”
How do you accomplish that? Somebody owns those shares. Are you giving yours up to the company so that they can retire them?
There are 3 different NASDAQ markets. The NASDAQ Capital market has lower requirements than you specified but COUV doesn’t meet any of them either
That is incorrect. They need to stay above $1 once they are listed or they will get kicked off the NASDAQ. To get on the NASDAQ they will need a bid price of $4 to qualify or at least $2 million tangible assets and other caveats to get in at a lower closing price. I don’t know if this company has any tangible assets, do you?
You probably should be suspecting the CEO Isaac Sutton. Can’t find anything that he has touched that looked anything but shady. Google him for yourself.
This link has all the requirements needed for uplist. https://listingcenter.nasdaq.com/Assets/Initialguide.pdf
COUV is a long way from being qualified.
How much cash does this company have? How they going to pay engineers to get this to market and then have the cash for production without diluting the stock?
“Nasdaq uplist”
LOL. How is a no income 23 cent stock going to uplist to the NASDAQ. They have minimum requirements that this company is no where close to meeting.
“that is $500k more than they have... “
The $1.5 million in estimated Prodigy expenses is for the entire year and for producing 40 tons of silk. If they only produce 8 tons then their expenses should be 1/5 of that.
I would also assume that they are going to sell the silk as they produce it so that would more than make up for the $500k they don’t currently have.
“especially given that the up list cannot possibly happen without the offering and r/s occurring first... “
I don’t know why it couldn’t. According to my rough calculations, it should cost $1.5 million in expenses to run Prodigy for a year while producing $8+ million of silk assuming 40 ton. It will take about 6 ton to pay back bridge loan. The rest is all profit.
Expansion in Vietnam should cost very little if they are going to contract farmers to raise worms for them. Just convert more of Prodigy to an egg production facility. That would be the most logical choice for expansion.
I don’t know why Kim would need the offering at all unless he has other really big plans that we don’t know about and the company would already be producing enough income to pay for all the bills and then some. Should not cost near as much to get an operating loan with proof of production and a contract for silk in hand. Uplist would not even be necessary.
“- just about the worst sort of debt that a company can get.”
So your saying this is better than KT loaning the money to the company. Looks like improvement to me.
Is there any type of financing that would meet your approval? Obviously KBLB needs money to pay the employees and reelers in Vietnam to get an income stream started from production. This bridge loan should easily take care of that.
Actually this bridge loan should be all the money the company needs to get full production of spider silk out of Vietnam if KT is really going to do drop-in replacement of regular silk. Would like to know if they are working on setting up contracts with farmers to raise the worms for them. Would be a super fast way to scale up production without spending much money.
“Samsara Luggage (SAML)”
So you use a luggage company in the middle of a pandemic for your comparison? smh
How do you quarantine a frozen egg? What would you do to it to prove it is safe? The labs Prodigy were designed a specific way. Why was that?
I have to agree with gimme on this. Vietnamese farmers already outsource the eggs they use to produce silk from the Chinese. Sounds like it is a complicated process and reliant on the whims of the Chinese. All KBLB has to do is provide their locally produced eggs to these farmers and contract to buy the cocoons back from them. Simple drop in replacement.
Then KBLB can just convert their building into an egg production facility with the potential for 100 times the current buildings capacity for cocoon production. Hope the can find a buyer for all that spider silk. $$$$$$$$$
“KBLB is fraught with debt.
KBLB owes almost $7 million.
KBLB incurred a net LOSS of $4.3 million in 2020 (through Sept).
KBLB has spent over $34 million over the past 10 years.
KBLB owes Jon Rice almost $100K.
KBLB owes $2.7 million (with $1.4 in interest alone) to Kim (the magical CEO).
KBLB owes $25K to its other employees.”
You can find all this in the 10Q and not even notice that there is not one mention of a stock split or uplist, two of your biggest gripes? I can’t believe nobody else has mentioned this yet either. Either KBLB is still in some kind of quiet period or they have been taken off the table and KBLB will continue to be financed by Kim until production is up and running.
Also according to my inexpert research they will need about 4 hectare of mulberry to produce that metric ton of silk.
Probably around 3.5-4 million eggs according to my calculations to make a metric ton of silk. I’m sure there are experts on this board that will tell me I’m way off though.
“Mulberry and silkworm seed dependence upon China”
They are not dependent on China for mulberry. They can propagate all the mulberry trees they want. China is controlling all the hybrid silkworms. That is where KBLB can come in and reduce their dependence on China. Advantage KBLB.
Still don’t have a modem. Was told it would be here two days ago. Called yesterday and found out the order was never completed. Don’t know how they could tell me the modem would be here two days ago if the order was never completed.
So after another 45 minutes on the phone I got the lady to complete the order, I think. This time I got what was supposed to be a verification email. Email doesn’t say anything about a modem or order number. According to it I ordered some “terms of service”. Called back to verify order was completed. Another 20 minutes on the phone they verified the order was completed and should be here tomorrow, two weeks to get a modem if it shows up tomorrow.
“will help lead enterprises through the challenges and opportunities of the 4th Industrial Revolution”
What a joke. It only took them a week and about 20 customer service reps, hours on the phone just to replace a broken modem. Keep telling you to use their website for customer service and it doesn’t work. They don’t even have an option for equipment replacement.
If that’s the 4th Industrial Revolution, then God help us all.
You still haven’t addressed what a 5 yr warrant is worth. You’re obviously assuming zero, which is ridiculous.
“thats what 4.25, 5.25 and 6.25 looks like today...”
That’s if your making a lot of assumptions that aren’t facts. What’s a 5 year warrant worth assuming $5 stock price with a $5.25 strike price? Just looking for your fair value estimate.
It’s also possible to get on the NASDAQ at $3. So try using those assumptions.
“kim put out that the offering price would be .106, .131 or .156”
I don’t recall those numbers being mentioned anywhere.
So according to your calculations how many millions has Kim pocketed so far from this company?
Did you send all these great suggestions to KT before the worms died?
It wouldn’t have mattered what the government did. With Americans so worried about their privacy being violated there is no way for the government to track the spread. Got college kids who know they got COVID throwing parties. God forbid you are required to wear a mask. How did the armchair quarterback Democrats react when Trump shut down air travel to China? Now they’re the experts on what should have been done. lol. Thank God this thing didn’t have a 99% mortality rate because America is just too stupid to deal with something like that.
The eggs will get to Vietnam in due time. Let’s just hope that Kim and Jon put everything into getting production going and then worry about the next lab achievement.
“Yes I’m sure in KBLB land it’s huge news since they haven’t produced a dime of income besides dilution and making deals with shady companies.”
KBLB does have income on the books, it will show up in the next couple quarters. I guarantee it.