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“Just wait for the Redit crew to start making the COUV Shorts burn”
What a joke!! There’s like 100,000 shares short with 8 million volume. Wouldn’t even put a blip on the screen.
I’m part German and would like to visit there. Does that count? If this hits $100 I’ll come buy you dinner.
“Even a professional ballplayer gets a better guaranteed contract...”
I’ve never seen a baseball player get a percentage of the profits from all of MLB. That’s what KBLB has done in their league. MK is essentially the entire league now until somebody else signs up.
“The contract is for 4 yrs...your assumption is that they never grow or increase capacity in that 4 yr period...”
So using your assumptions they are going to produce at least 24 tones (3 times their stated goal) the first year ($3 million) and are going to need 2 more facilities this size by year 3 just to meet this contract. I think that scenario is even less likely but that would definitely explain the need for the immediate bridge loan.
“kblb can sign multiple contracts and spread out production to them in varying increments as they increase their capabilities...”
And that’s the second $billion question after production verification. What does Kim have lined up for increased production capabilities and how fast can he ramp it up?
Vietnam announced they were looking to get 2500 acres of mulberry production going. If KBLB used all of it they could potentially produce $180 million of silk per year assuming $250,000/tonne. That’s still a long way from $billions. That’s a pretty daunting task for a 3 man operation.
“If the BRAND is supposed to be synonymous with the term "quality," then that is what he needs to deliver.”
I didn’t say that it wouldn’t be a quality product. Just that it doesn’t need to stop bullets.
“Additionally, there are no clauses that GUARANTEE monies beyond the 250K, in the event KBLB fails to produce...”
Well the good news is, this isn’t a military contract that requires 100% purity. All MK needs is a product that is part spider for their SpydaSilk brand and also be able to claim that it is a green product that is going to save the planet. Should be a lot easier to fulfill the contract.
“with that production being sent to polartec along with a contract being signed with them that is bigger”
Nothing like setting one’s self up to be disappointed. He already sold all of Prodigy’s current production capacity to MK and had to get a quick loan so that he can get more mulberry planted so that he can honor that contract. I seem to remember you not liking the fact he got that loan or the terms involved. How bad do you think it would be if he would have to borrow another $20 million or more at that rate so that he can rent/build another facility and get even more mulberry planted?
“Why waste better PRs on the OTC?”
It would lower the RS ratio which would decrease the amount of dilution needed for the offering.
The only thing I really want to see announced before an uplist is a substantial delivery of silk to anybody. Then the share price should move to a price where a RS and offering would be fair to current shareholders.
“As far as costs, yes it costs more for fees but the company complies with the other requirements so I don't think it will be a big change game changer operationally for them.”
All costs are currently being paid for by dilution either be LPC or warrants. Also what happens when shareholders start getting restless that a contract hasn’t been signed and price drops below NASDAQ requirements after an uplist? A huge price drop and even more dilution.
The really big investors aren’t coming on board until the price is north of $4-5 anyway. So uplisting just to make a Belgium bank happy doesn’t make a lot of sense. I don’t see them buying more shares, just makes it easier for them to trade.
I think the share price will be a lot higher and it will be a lot safer move to uplist shortly after a contract is signed.
What do you think would drive the price higher;
A. Uplist as soon as we meet criteria then get a contract some time in the future or;
B. Announce contract, then shortly after announce uplist?
My vote is B.
I was merely showing what was required under the $2 closing price method . Doesn’t mention anything about how many days was required.
Doesn’t make sense to uplist until after a contract is signed. $2 will be a distant memory then. Would just add more expense to a company with no current income. Big boys won’t buy till price is over $4 anyway.
Any body remember this company?
“Babei Group, a private silk necktie-producing enterprise, announced on Sunday that its first batch of mass-produced silkworm cocoons had rolled off production line, marking the success of a seven-year-long research on factory-raised silkworms.
With a total investment of 350 million yuan (51.5 million U. S. dollars), the company's silkworm workshop is able to churn out 10,000 tonnes of high-quality cocoons annually, about the total yield of 100,000 households of farmers, using less than 200 workers.
The germ-free workshop, covering an area of 5,000 square meters, creates a favorable environment with moderate temperature, airflow and humidity for the silkworms.
Instead of mulberry leaf, the worms are fed artificial fodder made of ingredients such as soybean, corn powder, sweet potato starch and vitamin complex.
The fodder is cheap to produce, and it helps improve the efficiency of silkworm raising for it is free from the limits of seasons and climate, according to Meng Zhiqi, a researcher with Zhejiang Academy of Agricultural Sciences and leading researcher of the project.
In order to boost silkworms' appetites, researchers have added mulberry leaf powder into the fodder to make it more "delicious."”
Would be a great partnership. They could grow all the DS & MS worms for the Chinese market and KBLB could use their technology to build a US production facility for their pure spider silk line. One facility of theirs alone could produce $2.5 billion worth of spider silk at current projected price of $250,000/ton. Retail product profit sharing on top of that $$$$$. Just dreaming here, but it has possibilities. Using one Chinese producer should help reduce pirating.
Thanks for your input loop. Appreciate all you have done all these years along with others. Too bad it seems like not many of those are left. Been mostly a lurker on the board but have been here since mid-late 90’s.
“*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.”
So is this going to reduce attorney fees or is it going to do Merrit’s job for him? If not, it seems like a big waste of money to me and another computerized worthless customer service system where you can’t reach a live operator.
Since I’m a relative nube here could you explain YMIGH to me?
No, I said he looked like a model.
“if they are undercover, they dont want to be seen or photographed...but they still wear the clothing and insignia that clearly identifies them as law enforcement...they dont go shirtless... “
Models don’t have insignia. Being shirtless and the gay walkway strut probably gave it away.
We know. Exude confidence, it’s more becoming. glty
“Which pieces does KBLB want to claim as their own?”
Maybe this one. First attempt at attaching photo so don’t know if this will work or not. If not, go to arachnodude’s Facebook link, scroll back to Oct 7, 2019 and you can find 60 some pics of SpydaSilk performance wear fashion. None of them look like their in the special forces. My favorite is the last one.
https://scontent-ort2-1.xx.fbcdn.net/v/t1.0-9/72108832_2395695090465546_3742130835214565376_o.jpg?_nc_cat=102&ccb=2&_nc_sid=cdbe9c&_nc_ohc=7-6JtIjArvAAX-KJ49-&_nc_ht=scontent-ort2-1.xx&oh=9ae4cacd07f5de9cbd0c41a1d2a6e9a1&oe=603A267B
Your correct. Got too excited and forgot it was end of year financials. Just moves my timeline back a little.
Beat me to it by a split second:)
“This photo was taken at the MtheMovement fashion show in September 2019”
So I guess you can’t say that KBLB has never produced anything anymore.
“i have been questioning why we have heard nothing from polartec for some time”
KBLB doesn’t have the current capacity to supply somebody as large as Millikan. It’s going to take some time and capital to build that infrastructure. Kim’s already juggling enough balls without taking on a contract that would be impossible for him to fulfill currently. Since MK is only purchasing $3 million of product the first year, I believe KBLB has a little more capacity than that and could still deliver a couple tons to Polartec as everybody seems to think they have agreed to.
“only receiving 60k a year as president of prodigy”
That’s a fortune in Vietnam.
My prediction is that the next communication from KBLB will be earnings release and 10Q around the middle of Feb.
10Q will show $250,000 income, mention deliveries, increased mulberry production, and maybe some other juicy forward looking statements. This should set them up to do a reverse split after Feb 25 with uplist a week later.
If it were me I would want to have a position in this stock before earnings. I don’t believe the RS will cause a dip that won’t be offset by being on the NASDAQ where intelligent traders will figure out this contract alone makes the stock worth more than $1/share presplit.
“you don't think Kim will make a fan fare of the first shipment out of prodigy”
He may not feel he is able to because of the ‘quiet period’ which I believe actually exists because KBLB is still in the middle of the uplisting process. I don’t know what he is allowed to PR and what he can’t. I imagine if it isn’t on a required SEC form he can’t/won’t PR it. I would like to see it as much as everybody else but I can also read between the lines and see what is likely happening. I’m in this for the long haul and know it’s going to take time. Don’t care to try and time the market on dips.
“If the news was as fantastic as everyone here in touting, then the share price will be increasing.”
Are you aware of what’s going on in the stock market the last couple days? I couldn’t even get into my TD account this morning because of unprecedented volume. Everybody is looking to screw the shorts. Doubt if they have time to look at penny stocks.
“Investors need the last piece of the puzzle before they will completely believe. It's just the way it is.”
This makes sense but if they are expecting PRs on production I don’t think that is going to happen. The $250,000 payment should show up on the next 10Q. After that I expect more $ on each proceeding 10Q. That’s all Kim has to report.
The bridge loan was taken out because of this contract. Kim needs to get more mulberry trees into production immediately to fulfill this contract. Didn’t have time to wait on uplist and subsequent financing.
“Who said anything about the company skipping over PRs for new shirts, shoes, jackets, etc? I fully expect those will come.”
I agree with you except I believe those PR’s will come from MK not KBLB.
“If Kings were to buy MS at $50K/metric ton in U.S. dollars”
Are you kidding? Mundane silk is worth more than that. I can make a case that they are selling it for $375K/metric ton.
$3 million/first year production goal of 8 tons= $375,000/ton
That would still leave them production capacity to sell some to Polartec.
Looks like I need to step my game up a little here. Here is the phrase directly from the contract about why Kings got a million shares.
“as consideration for its ownership position in the SpydaSilk brand and Joint Venture, KBLB shall issue 1,000,000 share of KBLB stock to MK.”
Can’t be any clearer than that. Kim gave them the shares for a percentage of SpydaSilk products profit. Would you really expect MK to give up a percentage of profits without something in return? A million shares for this is peanuts so get over it.
I had been thinking of buying this stock for the dividend when it was $9.50. Should have pulled the trigger. Their customer service being so bad is why I didn’t commit.
“I think Kim got 2 months of haggling first such as "we need 1 million shares " before we sign !!”
And Kim countered back with “well then I’ll need 50% of your profits on SpydaSilk products for that”!!
“Are you saying the EPS of .01 should only raise the PPS that much from where we were?”
Multiply the EPS (.01) by whatever you believe is a fair P/E ratio(60) and that is what this contract should be worth. This assumes $40 million spread evenly over 4 years and 40 tons per year( $250,000/ton). So the contract alone would give you a fair price of $.60/share.
This does not take into consideration the profit sharing clause of the contract which could more than double this.
‘Total assets of $4,000,000’
I believe that is supposed to be tangle assets. Patents wouldn’t count. Don’t know what other assets they have.
‘The only positive was that KBLB was able to dilute 1 million shares for $250K’
I thought you said the only way to get financing by diluting was to sell shares at a discount. smh
I would rather he be spending his time getting production ramped up. Need to get the ‘drop in replacement’ part of production started so that this can really take off. Already has orders for what current capacity can handle and it’s a relatively small order.
I clicked on the link and a pop up comes up saying they are going bankrupt so is this conference actually going to happen?
Just in case.........I’m not referring to KBLB but the outfit throwing the conference going bankrupt.