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*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1 (from 6 Jun 2023):
I have been correct more than ANYONE else on this board, week after week, month after month, and year after year. And if anyone doubts that, then all one has to do is go back and take a look at my posts over the years.
And that is what worries all of the pumpers (including you)....
****NEWBIES****
Don't waste your time with this worthless OTC stinky penny stock.
Here is a quick synopsis of the stock (and all that you really need to know).
In one week, it is down 7%.
In three months, it is down 19%.
In six months, it is down 30%.
In one year, it is down 28%.
In three years, it is down 75%.
In 5 years, it is down 49%.
***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
<< Are you a shareholder? >>
Once again, this board isn't about its members, and it isn't exclusive to shareholders.
The board is for discussing KBLB, the Scumbag CEO, its competition, etc.
ANYONE should feel free to come on the board and add to the discussion.
<< Do you work for free??? >>
The KBLB board is for discussing the company and the Douchebag CEO. It isn't for discussing other members.
The Scumbag CEO has been been giving himself a 6% guaranteed pay increase EVERY YEAR for years and years, even when times are bad (like during COVID or recession), and even when the company has no revenue (which is basically every year for the past 14+ years).
The Douchebag CEO has also been giving himself a 20% bonus EVERY YEAR for years and years, even though he has basically done nothing but enrich himself, while most shareholders that have invested within the past 5 years have lost money.
He doesn't deserve a bonus or a pay increase. He has FAILED at every significant company milestone event over the last decade+. And he definitely shouldn't be giving himself $1/2 MILLION in salary and another $1/2 MILLION in perks every year for doing nothing but post forward-looking statements that almost never come true.
<< Don't have to be a rocket scientist to know we are near. >>
WRONG AGAIN!
KBLB is nowhere "near" commercial production.
There will be absolutely no revenue this year, and there probably won't be any in the 1Q 2024 either.
What is an absolute guarantee is that the Douchebag CEO will give himself a 20% bonus (~$90K) for this year, and he will also give himself a 6% pay increase starting on Jan 1 (which means that his salary alone will be over $475K next year).
"********< $500 TRADED TODAY**********
You are correct. I fat-fingered another 0 by mistake. Thanks for the correction.
But < $500 is even more pathetic!
LOL
**********< $5000 TRADED TODAY**********
How absolutely pathetic!
<< they achieved the ability to mass produce a while ago >>
WRONG AGAIN!
That is absolute nonsense. Every time they have tried mass production, their wimpy worms end up dying (or maybe committing suicide).
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once again, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies .... are ready".
Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
The address listed on their website AND on their SEC filings is:
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB:
****** WHEN SHAREHOLDERS MEETING? ******
Annual shareholders meetings are required by law. They are vital because they allow shareholders to vote on important matters affecting the company, such as the election of directors and the approval of major corporate actions.
KBLB hasn't had a shareholders meeting since July 2019 (when the Scumbag CEO tried to scam shareholders into giving him over 90% control of the company).
That means that there hasn't been a shareholders meeting in over 4 years.
According to the Securities and Exchange Commission (SEC), a public company MUST hold an annual shareholders meeting at least once every 12 months. The meeting must be held at a reasonable time and place, and it must be announced to shareholders at least 10 days in advance.
If a company fails to hold an annual shareholders meeting, shareholders can file a lawsuit against the company. The shareholders can also ask the SEC to take action against the company.
The SEC can impose fines on companies that fail to hold annual shareholders meetings. The SEC can also force the company to hold a meeting.
If you are a shareholder in a company that has not held an annual shareholders meeting, you can contact the company and ask why the meeting has not been held. You can also contact the SEC and file a complaint.
Here are the steps on how to force a stock company to have an annual shareholders meeting:
- Contact the company. The first step is to contact the company and ask why the meeting has not been held. You can do this by calling the company's shareholder relations department or by writing a letter to the company's CEO.
- File a complaint with the SEC. If the company does not respond to your inquiry, you can file a complaint with the SEC. You can do this online or by mailing a complaint form to the SEC.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1 (from 6 Jun 2023):
*****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….
<< No one cares! >>
WRONG AGAIN!
Plenty of people care. Especially those researching this POS stock.
****SELLS OUTWEIGH buys 2:1****
385K SELLS
181K buys
<< did he not say he had production years ago like 7 years ago >>
It has a actually been over 10 YEARS!
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
<< All I can think about is: If KBLB has gotten to the point where they know for certain, no takesies-backsies, pinky-swear-its-true, that is huge important piece of news that deserves its own full-throated PR. Instead, it appears as a toss-off line in a PR about the reorganization of Prodigy.
You don’t see scientists publishing reports saying, “We reorganized everyone’s office, painted the walls, provided new paper and pencils, got some brand new lighting, bought everyone a plant, and oh, by the way, we discovered the quark.”
For that reason, I tend to dismiss the import of this claim. >>
Great post and right on point.
<< I’m just shocked people have not picked up on this yet >>
They have picked up on it. They just don't want to publicly say it.
Since you seem to be quoting many of the past PRs....
Let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
<< With love and serious dilution >>
This is the way....
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once agan, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies" are "ready". Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once agan, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies" are "ready". Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once agan, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies" are "ready". Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once agan, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies" are "ready". Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
<< “The spider silk technologies developed at Kraig Labs are ready for large-scale production” >>
Once agan, it is clever Douchebag-speak that is meant to fool people to buy poop-filled bags.
The Scumbag CEO is saying that the "technologies" are "ready". Let me translate that for you.... The idea is ready.... But the reality is still unicorns and rainbows....
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 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….
It looks like the Scumbag CEO is dumping shares again....
There was a reduction of 517,997 shares over the past 3 months.
The most recent S-1/A (#14) filed yesterday (1 Sep 2023) states:
One will notice that KBLB no longer claims to be a "fully-reporting" company. That ended a long time ago (back in Jan 2023).
What does that mean? It means that the Douchebag CEO has probably been dumping boatloads of shares over the last months.
<< Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), the biotechnology company focused on the development and commercialization of spider silk, today announced a shakeup of the management of its Vietnamese subsidiary, Prodigy Textiles >>
It is much more probable that the personnel quit....
KBLB is a complete joke.
No PR for months, and then they waste everyone's time about a few personnel changes.
Who cares?
This is from the SEC Form 424B3 filed by KBLB a few weeks ago (on 11 Sep 2023):
<< How excited are you to promote other companies on KBLB’s board? >>
You mean the KBLB-acknowledged COMPETITION?
<< Where will the share price be at the end of the year? >>
B. Under $0.03 (although the Douchebag CEO and his minion plunge protectors will probably post a 100-share buy to do their best to keep it above 3 cents).
<< with 3 months left in 2023 >>
In reality there is just a little over a month left before the holiday season starts and the only thing that you will get from KBLB (if the Douchebag CEO is nice) is another Letter to Shareholders talking about what a great year it has been. LOL.