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I never said that they had DS 2.0 for a year. I said "They have had over a year to produce 220 lbs. of custom silk...", which is a true statement and irrefutable (unless you don't believe KBLB's own statements).
KBLB & the Army signed an extension to the original contract in Jul 2017. The contract was for 220 lbs of customized spidersilk. They were supposed to deliver in Sep 2018. That means that they had 14 months (over a year) to make the delivery. They didn't. They are late (ONCE AGAIN). They had from Jul 2017 (the signing of the contract extension) until Sep 2018 (the delivery date). That is 14 months. 14 months is over a year. Going back to my statement: "They have had over a year to produce 220 lbs. of custom silk..."
On 30 Oct 2018, they announced that they finally figured out what they were going to send to the Army. That was over a month AFTER the delivery was due. They tentatively called the product DS 2.0. So they didn't even know what product they were going to deliver for 16 months! LOL
From KBLB's latest 10K:
<< What did Arrayit audit years they have already filed during this audit???? >>
Yes
Arrayit senior accountant at renowned accounting firm RRBB Somerset New Jersey USA confirms receipt of requested invoices in furtherance of FY2014-2016 audit and Q1-Q32017 financial review completion https://t.co/KOBMihAJR6 pic.twitter.com/JHOvy7Fg9w
— Arrayit Corporation (@arrayit) December 8, 2017
<< Where and when was it reported, stated of suggested ARYC is doing a forensic audit. >>
I have never seen it stated by ARYC, but I might have missed it.
It was stated on this board MANY times. For example:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138270723
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139409264
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140048235
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142604707
I'm not sure where they got the information.
<< US is in mass production... >>
No, it isn't.
<< I guess that bolt of DS was never produced by KBLB either. >>
That is correct. It wasn't. They produced a "roll" of DS, which was used to make a few sample swatches (the infamous shootpack panels), but it was obviously a very small roll. No photos of the roll were ever produced (probably because it was so small). The roll probably looked similar to this (which IS a photo from the KBLB website):
https://www.kraiglabs.com/wp-content/uploads/2013/07/spidersilk.jpg
And remember, it took them about 2 years to make that "roll".
OK, you are correct. Things (usually) get faster with practice.
So the next batch of sample swatches will take a year instead of two and a half. LOL.
They have had over a year to produce 220 lbs. of custom silk (recently named DS 2.0) for the Army. Let's see how much longer it will take them and see if the Army still wants it by then...
<< People who read my posts are already familiar with my stance regarding mass production. >>
Yes, I am aware of your stance. We both agree that mass production has not been achieved.
<< When asked a question pertaining to production, I find it best to show the domestic work that has been done since a certain PR was announced.... >>
So instead of answering the question and showing proof of "mass production", let's just talk about everything else. LOL.
Misdirection anyone?
<< That is so OBVIOUSLY WRONG!!!!!!!!! >>
I provided the statements directly from KBLB's PRs and you are saying that they are wrong. LOL. Are you saying that KBLB has lied multiple times in their PRs?
<< Obvious because they now have DS 2.0. >>
DS 2.0 was NOT used for the 1st deliverable. It is for the 2nd deliverable. DS 2.0 wasn't even announced until AFTER the 1st delivery. DS (1.0) was used for the 1st deliverable. They had already created DS (1.0) long BEFORE they signed the contract with the Army. So there was no need to "design" anything. All they needed to do was make enough of it to produce some sample swatches (aka shootpack panels). Yet it took them over 2.5 years to do that.
<< And, yes, we can mass produce. >>
No, KBLB can't mass produce. They only thing that they have produced so far are a few sample swatches (and it took them over 2 years to do that), and MAYBE a glove and shirt (although nobody has actually ever seen them).
Just because someone can grill a burger, doesn't mean that they can get a contract with Walmart for a million burgers. To equate the two is ridiculous.
<<"What’s with the concerns on how long it took to develop fibre for the army?? WHO CARES. That’s done now. Focus on the Production math now.
So it took 2.5 years and many strains to finally achieve a customized fibre for the army.">>
Because they weren't "developing" a "customized fiber" for the Army (for the 1st deliverable). They were using an EXISTING fiber (Dragon Silk (DS)) that had been previously developed LONG before the contract was signed. All they had to do was deliver a few sample swatches of DS. Yet, unbelievably, it took them about 2.5 years to deliver said samples.
<< The panels are the proof. You simply do not have a single explanation. >>
It took them about 2.5 years to produce the sample swatches (aka shootpack panesl).
<< Why can't we do twice what they have done once? Why can't they do it a thousand times over? A million? >>
If you do the math, doing it twice would take 5 years.
A thousand times would take 2,500 years.
A million times would take 2.5 million years.
Sure, you can do it. But who wants to wait that long?
<< Anything can happen between now and the beginning of 2020.... >>
Even more possible is that NOTHING happens "between now and the beginning of 2020...."
... except for more forward-looking statements ...
(which is KBLB's bread and butter)
<< April 17, 2017 ... This new commercial scale machine is expected to sustain our domestic production capacity through 2019... >>
I wonder why only 2019? What happens after 2019?
<< ... way back in 2015 that the US production facility is capable of mass production!! >>
That facility was shut down a LONG time ago.
KBLB Down on "Great News"
Even though KBLB has been releasing PRs almost every week, the market sees right through KBLB and has voted "no confidence" against this worthless stock.
It is continuing the downtrend that was started about 2 months ago, and there is no end in sight.
And rightfully so.
This company has had only 1 customer in 12 years (the Army).
They have only had 2 deliverables to the Army in the past few years. And they missed BOTH delivery dates. It took them over 2 years to make the 1st delivery. And all they made was a few sample swatches. Think about that. Over 2 years to make a few sample swatches. The 2nd delivery was due Sep 2018 and according to the latest 10Q, KBLB won't be ready to deliver for months.
They have had NO new customers in the past few years.
They have not been able to get financing. The CEO is now financing the company on a shoe-string budget.
They haven't shown that they can mass produce.
They haven't shown that they can produce consistent spidersilk.
They have been trying to get into Vietnam for 5 years and they still aren't there. And even IF they do get in (with the eggs), they will be in "research" mode for about a year (so they won't be allowed into production for quite a while).
<< Maybe you could explain why they would be able to make a shoot panel, deliver it to the Army, but not be able to repeat such an accomplishment billions of times over? >>
You are correct, they should be able to reproduce a billion times over.
Let's see. It took about a year and a half to make the shootpack panels. So it should just take about a billion and a half years to reproduce it a billion times over. LOL.
I don't see an update for the Taub case on PacerMonitor this morning.
Any thoughts?
Looks like the Institute of Biotechnology is located in Hanoi and is over 500 miles from Quang Nam (where Prodigy is located).
https://www.ibt.ac.vn/en/
https://goo.gl/maps/QUvmjhgH6TE2
Those worms are going to have to crawl a long way to get to Prodigy. LOL.
Once again, it look like plans have changed.
"Under this agreement, the VSRC will provide professional manpower for hatching, caring and nurturing of the silkworms, while IoB-VAST will provide a secure location to receive, store, and preserve the Company’s transgenic silkworms..."
Vietnam Sericulture Research Centre (“VSRC”) will provide the manpower. That means that they will not be KBLB / Prodigy employees.
Institute of Biotechnology – Vietnam Academy of Science and Technology (“IoB-VAST”) will provide a secure location. That means that the eggs will not be in the KBLB / Prodigy location that they said they were opening.
I wonder if the Institute of Biotechnology will try and reverse engineer the worms?
I also notice that the name Prodigy was not mentioned ONCE in that entire PR. Hmmm...
That is correct.
One test is IgE (AllergyPro, etc) and the other is IgG (Pinnertest)
<< Word out of KBLB Camp is Jon submitted the paperwork for silkworm egg shipment approval.... >>
Yeah, he did that last April. LOL.
<< Again, take a good look at the bolt of DS. >>
Please show us a photo of the "bolt of DS". I would love to see it.
<< They produced a giant bolt of DS. >>
Show us where it says that they delivered a "bolt" of thread, let alone a "giant bolt". Oh yeah, you can't.
All they did was produce enough thread to send the Army a few sample swatches of material. That hardly amounts to a "giant bolt". LOL.
Army contract in jeopardy!
Caveat Emptor (CE) was added on 2 Dec 2016
I tried to post a source link, but according to admin it isn't allowed
Most people seem to believe that the CE is caused by a lack of timely filing.
But the SEC doesn't seem to list that as a reason for CE:
https://www.otcmarkets.com/learn/caveat-emptor
The SEC does list:
"Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders."
So it seems that the reason for the CE is the Taub case, and does NOT have to do with a lack of filing.
"From the time we got this fantastic production news. And the outstanding success we’ve had with the Army."
Those forward-looking statements are great aren't they? LOL
I'm not sure what to think of that.
OTC reports 337 million (which is in line with the 10K) as of 1 N:
https://www.otcmarkets.com/stock/avdx/security
<< As of last May: Total of 1,439,428,082 shares of Common Stock outstanding >>
Where are you seeing this?
Their latest 10Q (for 317 Mar 2017) says:
Looks like they were suspended because they didn't update their address and didn't respond to the SEC letters:
Is AVDX still suspended to the Gray Market?
<< Now I ask you....
If Kim thought he was doing such a great job at creating shareholder value, while continuously wooing prospective clients....
Why would he desire to have Supervoting shares? >>
So he can't be booted out on his behind. And so he could sell all of those 100s of millions of shares that he gave himself. But I'm pretty sure you already knew that.
<< but at last count, years ago, he was down around one hundred million shares... >>
This was from the last 10K (from 2017):
Can someone please tell me when the Caveat Emptor (CE) designation was placed on ARYC?
I searched the boards (via Google) and the earliest post I found was from 14 Dec 2016, but it seems that it had happened before that.
<< AVDX was suspended for not being accurate in an attempt to become current. >>
What is your source for that information?
According to the SEC, AVDX was suspended to the Gray Market because it was "... delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-K for the period ended September 30, 2016"?
https://www.sec.gov/litigation/admin/2018/34-84188.pdf
https://www.sec.gov/litigation/suspensions/2018/34-84189.pdf
They only mention delinquency. They don't say anything about accuracy.
Thanks, but I am not sure that the article at the link is accurate.
It states that Tier 4 is Caveat Emptor (CE) and "There’s no way to invest in Tier 4".
That is obviously incorrect, since ARYC is CE and trading happens every day.
Alyssa:
Thanks.
<< The stock market is designed to confuse the little people. >>
LOL
A sad but true statement.
Alyssa said "It is my understanding that as long as ARYC is a pink sheet company, it is NOT required to file anything with the SEC, not even a 10K."
That seems to indicate that a pink sheet company is NOT required to file.
As I stated in a previous post, AVDX was recently suspended from the pink sheets and renegaded to the grey market because they were delinquent in filing. That seems to go against what she said.
If the SEC will suspend a company for being delinquent in filing, then it would seem that filing IS REQUIRED.
<< Arrayit is in constant contact with the SEC. Almost every day, believe it or not. >>
Thanks. What is your source for this? Is it an email from Mark?