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<< Like how big is production in the US? >>
There is NO production in the US.
Great response
That is correct. The majority (90%) of the $1 million Army contract was in the 2nd phase. The 1st phase was only worth about $90-$100K. The 2nd phase is worth about $900K. The 2nd phase calls for about 220 lbs (100 kgs) of "custom" spider silk. They were supposed to deliver the "custom" fiber around Sep, but they missed the delivery and asked for an extension. If they don't get the extension or they don't deliver the fiber, then they won't receive the $900K.
"Kraig Biocraft Laboratories ... announces today that it has delivered ballistic shootpack panels to the U.S. Army"
I guess you can't see the word "panels" in there. Huh? LOL
You might not know what a shootpack is, but it isn't a single thin layer of material. It is a thick material made up of MANY layers. After all, it has to stop a bullet. That thin material in the photo definitely won't stop a bullet.
In the photo, you can see that those "panels" are a single layer. You can actually see through them on the left side of the photo.
But hey, keep thinking that they are shootpacks. LOL. Whatever floats your boat.
Sorry, but you are totally wrong. They never created shoot packs. Show me where they did.
In their 20 Aug PR, they stated:
"Kraig Biocraft Laboratories ... announces today that it has delivered ballistic shootpack panels to the U.S. Army "
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-ballistic-shootpack-panels-to-u-s-army/
The "panels" were just swatches of material. The Army (or another contractor) will take the swatches and make shootpacks out of them.
You can see the swatches in the photo that they included with the PR:
https://www.kraiglabs.com/wp-content/uploads/IMG_0263-small-500x375.jpg
Those aren't shoot packs.
<< Shoot Packs! >>
KBLB didn't create "shoot packs". They created a few sample swatches that they delivered to the Army (who supposedly created their own shoot packs). And those samples were about 2 years late. Yes, it took them 2 years to create a few sample fabric swatches. That is mind boggling to say the least. What the hell were they doing during that entire time (besides paying themselves generously)? And the swatches aren't a product. They are SAMPLES of a POSSIBLE product (if they can ever get it together and actually produce in quantity). Just because someone can cook a hamburger, doesn't mean that they can now become the next McDonalds and sell millions of burgers. It takes a LOT more than a few samples to become a REAL company.
<< Total crocodile dust. >>
So neither of you can refute what I said. LOL.
Show me their customers (besides the Army who ordered a few samples from them). You can't.
Show me who is backing them financially. You can't.
Show me one of their products (that they can actually sell to a company). You can't.
I am stating facts. Yet the only responses are "crockodile dust" and "you know that is incorrect". LOL.
<< Perhaps you should read over the last 24 months worth of communication from the company. Then, maybe you would understand what the company has accomplished ... >>
In over 10 years, the company hasn't done much of anything (besides take your money). They have created ONE glove, have created a FEW fabric swatches, and have gotten a business license in Vietnam. LOL. I don't think that I would be shouting from the rooftops just yet.
Then show me the error of my ways. LOL. You can't. They haven't produced one product (that they can actually sell to someone). They don't have any customers (besides the Army ordering some samples from them). They have no money and have been running on fumes for a long time. They owe their own employees money. They are late (once again) on delivering the 2nd deliverable to the Army. It took them about 2 years to make a few sample fabric swatches for the 1st deliverable. They now owe the Army about 200 lbs of fabric. That will probably take another 10 years. LOL. What a sad, sad state of affairs.
< $20K traded on KBLB today. How very, very sad.
For those of you with large amounts of this stock, it will be very hard for you to get out without dragging the share price down dramatically.
<< so someone thinks a Finnish oil company is going to handle logistics and transportation for kblb out of Vietnam.. >>
More speculation to try to pump the share price up...
<< KBLB should be trading much higher if on nothing else but speculation alone. >>
KBLB IS trading on speculation. That is all that they have. They haven't produced anything in 10 years (except for one glove and a fabric swatch). If it wasn't for all of the speculation, this stock would be < 1 penny. LOL
<< Just looking at that trade you might think I was "selling,"... >>
You were selling.
You admitted it a few sentences earlier in your post:
<< There were some decent bids out there throughout the day, and I specifically sold into one of them at .067... >>
<< trying to eyeball every trade to determine if its a buy or sell is useless..too many variables >>
I like the way iHub defines a buy or sell. They look at the spread at the time of the trade and determine if the trade was closer to the bid or the offer. If it was closer to the bid, then it was a sell. Conversely, if it was closer to the offer, then it was a buy. If it was in the middle, then it wasn't either. That makes a lot of sense to me.
https://ih.advfn.com/stock-market/USOTC/kraig-biocraft-laboratories-inc-qb-KBLB/trades
<< stayed in positive territory all day and ended up 5%...but people are selling?.. >>
People ARE selling. Today, there were only 100K bought, but 543K sold. In other words, there were more than 5x as many sells as buys today. Yesterday, there was even more sells. And many of the buys today were very small - 100 shares, 2300 shares, 3000 shares, 5000 shares, etc. Who buys $150 worth of stock and pays $14 (or about 10%) in trading fees?
But yet somehow today the share price ended slightly higher. To me that is very strange. How can a stock end higher when there are a LOT more sells than buys? I can tell you - manipulation. Kim used to be a stock trader. I'm sure he has a few buddies that are willing to "get their hands dirty" and keep this stock floating higher than it should be.
Caveat emptor - Buyer beware
<< The US $ 50 million project funded by the US-based Kraig Biocraft Laboratories (KBL)... >>
This will NEVER happen any time soon. There is no way that KBLB has anywhere near $50 million. They don't even have a small fraction of that. As a matter of fact, they are close to bankruptcy. They have no cash at all (per their quarterly and annual SEC filings). They owe their own employees money. Even the CEO (Kim) is owed money. And you know that if there was any cash at all, he would never have taken an IOU. So the fact that he is owed money means that the company has sucked dry (by Kim himself). The only hope that the company has is to dilute more shares.
I guess we will just have to take your word for it. LOL.
Hint, hint...
Wink, wink...
95% sells today. Someone must know something. LOL.
<< funny...i don’t see that pr on the company’s website? >>
Yes, they must have "forgotten" to post it. LOL.
<< I will say that the sec has already, once before, made kim amend filings that were a little too vague..i cant remember exactly what it was about.. >>
The OTC reprimanded KBLB when a paid pump piece was published for them. KBLB denied any wrongdoing, but the money trail led right back to them.
https://globenewswire.com/news-release/2018/06/06/1517383/0/en/Kraig-Biocraft-Laboratories-provides-a-statement-on-the-market-s-response-to-recent-Company-milestones-and-the-creation-of-its-Vietnamese-subsidiary.html
http://stockreads.com/Stock-Newsletter.aspx?id=91467
<< We are in Vietnam, and that announcement only came some weeks ago... >>
That is totally incorrect. KBLB officially entered Vietnam at the end of April and the information came shortly after (which is almost 5 months ago).
From what I remember, KBLB was supposed to fork over $2 million within 60 days (or thereabouts). On top of that, KBLB also mentioned that $50 million would be invested.
Those are material events that need to be disclosed to the SEC and to the public within a certain amount of days.
So either they lied about the millions of dollars or they never filed the information. Either way, that is a violation.
Send me the link and I will file a complaint as well...
Who are the "several people"?
This statement (in a PR dated 1 May 2018) made me laugh:
<< Just because KBLB has not addressed any of these issues does not mean they have not occurred. >>
Yes it does.
<< What Dark? >>
LOL. Are you kidding?
- no announcement of financing
- no announcement of test results for shootpacks
- no announcement of why they are late for 2nd delivery to Army
- no announcement of worms in Vietnam
- no announcement of when production might start (besides "very soon")
- no announcement of any other contracts with other companies
- no announcement of what is going on with Texas property (are the mulberry trees still alive?)
KBLB is a black hole. They suck in your money and nothing else comes out. LOL
<< the buyout would have to be at a pps higher than the current pps >>
That is normally the case, but I don't believe that is true in the case of KBLB. Normally, the shareholders vote on a buyout, and (for the most part) a shareholder would not take less than the current price. But KT owns those super voting shares, which means that his votes will override all of the other shareholders. So theoretically, he could accept an offer that is lower than the current share price.
Great post kingsbolt!
You are totally correct. KBLB owes its shareholders information on how they are financing the company. That is a LEGAL REQUIREMENT per SEC rules and regulations.
They have "begun planting" on a small plot of land (and not the 6000 acres).
<< Now...unlike then, we are Chewing on 6000 acres of mulberry production... no theoretically this time.... >>
Once again, that is a forward-looking statement that is years away from reality (and probably will NEVER happen).
KBLB doesn't have access to anywhere near that amount of acreage yet.
Their PR from 31 Jul states:
<< Obviously they have outside financing... >>
Obviously they don't. If they did, then they would have to publicly announce it (which they haven't). And if they do, then they are breaking SEC regulations and will be delisted.
<< We must be ready for a big announcement by now. >>
Yes, bankruptcy is looming near. (Pun intended).
<< I cant even remember if kim has ever said if he supplied the military with the custom fiber?.. >>
They haven't made the delivery yet, and they are going to be late with the delivery (once again).
In the latest 10Q, KBLB asked for an extension until Dec 2018.
Goodbye 7 cents...
Wow, what a useless PR.
<< Lots of news in Vietnam this week......
khoahoc.tv/quan-doi-my-thu-nghiem-ao-giap-to-rong-voi-kha-nang-chong-dan-tot-hon-soi-kevlar-94921 >>
That news is over 2 years old.
<< One of these days, Gel, some traders will get caught out of the stock when huge news comes. Then, they will be fighting the tide to get back in. >>
Or they will be thanking their lucky stars when the company goes bankrupt.
TravO:
Did you ask ARYC if the SEC has given them a deadline for filing, and if so, what is the date? You said that you would ask them (in post# 94692), but I didn't see you mention that in any of your recent posts.
Thanks.
By the time KBLB is ready to produce commercial quantities, their tech will be obsolete itself. KBLB has been working on this for 10+ years and they are nowhere near ready...
Their competitors are catching up fast and many of them have lots of money to back them, whereas KBLB is about to run out of money.
Rumors keep spreading that it will be next week, next month, next quarter, next year... But the reality is very different.
They still haven't shipped eggs to Vietnam. Once eggs arrive, they will need to be quarantined for a period. Then Vietnam needs to approve the eggs. Then the eggs will need to hatch, and then multiply over many generations. The Vietnam facility is only a research lab at this time. Finally a production facility will need to be approved by Vietnam (if all of the above works out perfectly).
<< new shirt DS??..... >>
No, the new Army shirt currently isn't made from spidersilk, and it will not be made from spidersilk in the future.
The Army partnered with "Protect the Force LLC, a South Boston firm with ties to the athletic apparel industry" to produce the shirt.
https://www.army.mil/article/171752/army_engineer_invents_lightweight_ballistic_combat_shirt_wins_award