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<< Perhaps KBLB is not seen as having much value in this field....that’s my impression. >>
Yes, you hit it on the nose. That is my impression as well.
The Forbes article discusses AMSilk, Bolt Threads, Spiber, and Israel's Seevix Material Sciences, but doesn't even mention KBLB.
How sad...
KBLB has not fulfilled many of the forward-looking statements that they have made over the years, and they have been late on almost everything that they have been able to fulfill. They were very late getting into Vietnam. They were very late delivering shootpacks. They were very late showing photos of shootpack material. They said that there were ready to "sale and scale" years go, but still haven't delivered on that yet. But despite that, you still think that they are ahead of schedule. Their history shows otherwise.
<< I see we’ve hit .075 today. >>
Someone bought 450 shares @ 0.075 (for a total of about $34) hoping to pump the stock up. Within a few seconds it was back down to 0.069.
This stock is pathetic. There have only been 245,000 shares (or about $17,000) traded on this stock so far today, and the day is almost 1/2 way over.
And there is 2x the volume of sellers than buyers.
<< I’d hate to be that lying, over promising S.O.B. ! >>
<< Self serving bureaucrats and bullshitters sucking cash from private investors and governmental grant makers. >>
You must be talking about Kim. LOL.
<< Today is like Monday, since yesterday was a holiday. PR's "usually" come on Tuesdays which this week would be Wednesday. >>
So if Monday is like Tuesday, and Tuesday is like Wednesday. Is Friday like Saturday or Monday? And is next Monday also like Tuesday?
<< Imo the dragon silk worms were shipped between July 3rd and July 12th.... >>
LOL. Keep dreaming. Worms won't make it into Vietnam for a LONG time (if ever).
<< We are not and never have been making spidersilk. >>
You might want to tell KBLB that. LOL. They start every PR with the following text:
"Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers..."
<< I always loved Spiderman! Kim said this phenomenal line in that video, "the potential of these silks is almost limitless." And this is why KBLB will be valued much higher than some think. >>
Yeah, because Kim said so... LOL
Thanks for the laugh.
<< Warwick is very valuable to Kraig. Thank God we are with them!! >>
There is absolutely no evidence that KBLB and WM are working together anymore.
<< The key word (an adverb) that you are totally forgetting when it comes to KBLB is YET! >>
We finally agree on something! :) LOL
Yes, KBLB has no customers, they have no product, and they have no finances. YET.
The main difference in our beliefs is that you believe that they will have those things soon. I don't believe that they will. I believe that KBLB will be bankrupt long before they ever produce anything of value.
And the market seems to agree with me. The stock is at 6 cents and has been in that range for years and years. It has gone nowhere. And the market is rarely wrong.
You believe that the stock is very undervalued. The market doesn't.
You believe that they will be mass producing soon. The market doesn't.
You believe that there will be a buyout. The market doesn't.
<< Did you not see the photo of the DragonSilk shootpack panels? That is a product. >>
No, the shootpacks are a sample of a future possible product. You can call one item a product if you like, but that isn't really what will propel this stock upwards and it won't make anybody rich. I am talking about a product that they can mass produce and actually sell to customers. In that light, they don't have a product.
<< The U.S. Army is a customer and they are footing the bills. >>
They are not "footing the bills". The Army signed a contract which stated that they would pay KBLB for certain deliverables. After 2 years, KBLB has finally delivered the 1st deliverable (the shootpacks). They will finally receive the entire $100K for that deliverable. But KBLB still owes the Army the 2nd deliverable (custom spidersilk), which is for $900K.
The total Army contract is for about $1 million. That is the most that KBLB will receive from the Army (under that contract). But KBLB has spent millions over the past few years. Kim's salary alone was about $700K over the last 2 years.
<< Not sure what you’re trying to say, but they do have products. >>
It is very simple. They have ideas and dreams (and a few samples), but they don't have products. If they do have products, then where are all of the customers? The medical customers? The sports apparel customers? The military customers? If they do have products, then were is the financing? If they actually had something to sell, banks would be falling over themselves to loan them money and make a nice interest rate in return. The reason that no financial institution wants to loan them money, is because they are almost bankrupt, have no collateral for them to collect, and don't have a product.
Yes, and you are going to ignore the fact that KBLB has no customers, they have no product, they have no finances, they have nothing. All they have are a bunch of empty PRs that are rarely (if ever) fulfilled. Yet you will continue to say that the stock is worth of a multi-billion dollar buyout. LOL.
And nowhere have you or anyone else provided proof either (besides hearsay). You have provided your DD and opinion, and I have provided mine.
Yes, and making up stories to pump the stock is also wrong. For years, you (and others) have been claiming that the company is going to be bought out (for dollars a share), that the company is mass producing, that news is going to come out to propel the stock into the stratosphere, etc. Yet here we are today, and none of those claims have come true (or are true). This stock is going nowhere, it has no financing, they aren't producing anything. In more than 10 years, this company has gone nowhere.
The last time that KBLB dealt with Warwick Mills was about 8 or 9 months ago. It is obvious that they had a falling out at that time. Warwick was supposed to create the shootpacks, but KBLB said that Warwick couldn't handle the "small amount of fiber" even though Warwick was specifically hired because they could handle small amounts. That was about the same time when KBLB berated its investors for contacting one of the companies that they deal with. It is obvious that KBLB lied about the situation and they had a falling out. My guess is that it was Warwick that was contacted, and they got pissed. KBLB has said absolutely NOTHING about Warwick since then. Why not? A few years ago, they were constantly writing about them. Yet claims are still made that Warwick is still working with them. Working with them how? What exactly is Warwick doing for KBLB?
You can make all of the statements that you want, but there is absolutely no proof that KBLB is mass producing anything. They are still a research company that can't even make their own self-imposed deadlines. They were OVER 2 YEARS LATE delivering their 1st deliverable (the shootpacks). And now they have already admitted (in the latest 10K) that they will be late delivering their 2nd deliverable (the custom spidersilk).
<< That is the product. It's silk. It's been mass produced for thousands of years. >>
No, it isn't the product. It is a sample of the product.
No, it isn't silk. It is spidersilk. There is a HUGE difference. And that is why they are having such difficulties trying to get it mass produced. First, the reelers couldn't work with the cocoons. Then Warwick Mills couldn't work with the fiber. Then they finally admitted that there were size issues with the cocoons and they had to cross breed with a silkworm that had a larger cocoon. Then there were consistency issues. Ad infinitum.
No, it hasn't been mass produced for thousands of years. It hasn't been mass produced at all.
<< They just published a picture of the product. >>
No, they published photos of a few sample fabric swatches that took them over 2 years to produce. That isn't a product. A product is something that can be mass produced and sold to customers. They don't have that.
Someone that is in communication with ARYC should tell them that North & South Korea are two totally different countries.
Arrayit sales and marketing team reports microarray life sciences reagents sale to healthcare distribution leaders CoreSciences headquartered in Seoul South Korea and serving the lucrative high-growth biotechnology and consumer testing markets in East Asia https://t.co/qU43c4hOxW pic.twitter.com/BHrwKpdH10
— Arrayit Corporation (@arrayit) August 23, 2018
Great post mojo.
KBLB talks a lot, but in the end they don't deliver.
The bottom line is that they can't mass produce and they might never be able to.
There is a reason that they don't have any financing yet. Banks don't want to finance them because they are toxic. They don't have a way of repaying the money. They don't have customers and they don't have a product. Banks don't want promises. They want results. And KBLB doesn't have any.
KBLB and Warwick have parted ways. There is no longer a relationship between them.
<< Nobody cares if it's a ton or not. >>
You are correct - nobody cares about this pathetic stock. That is why the stock is only at 6 cents. And it is why volume is almost non-existent. Less than $30K was traded on this stock today. How sad...
A few years ago, KBLB stated that they could mass produce spidersilk (I believe the phrase was "scale and sale"). That was a blatant lie (since they still can't do it even today).
Now they are trying to make people believe that they can mass produce in Vietnam. What a joke. They don't even have worms (or eggs) in Vietnam yet.
Did Pinnertest finally run out of celebrities to endorse their product?
OK, I'll admit it - you got me. :)
LOL. Even if they had a full roll of spidersilk (which they didn't), it wouldn't weigh anywhere near a fraction of a ton. The spindle it was on probably weighed more than the fabric. LOL. And it took them over 2 YEARS to make that "roll". I guess we'll have to wait another 2 years for the next roll. Or maybe they will make 2 rolls next time. LOL
So you consider over $350K a year (plus all of his other "perks") to be "welfare"? Where can I sign up? LOL
KBLB makes zero tons a year (or very close to it) of spidersilk. As in nada, zilch, nothing, zip, nil, nought, zippo...
I would like to know if the SEC has given them a deadline for filing, and if so, what is the date? I would think that should be public news for investors.
<< the army was interested but it took them 2 yrs to come up with one freakin roll of spider silk..i don't think the army is particularly impressed with kim or kblb...maybe they are impressed enough by the fiber..we shall see...they would have to be just about in love with it at this point.. >>
That is exactly how I feel.
I can't understand how it took more than 2 years to deliver enough fabric for the shootpacks. The amount of fabric that was delivered was a very small amount. How could it take more than 2 years? That is a HUGE red flag to me. Someone could have probably milked spiders to get enough silk in that amount of time!
At this point, I can't see the Army doing another contract with them. Especially since KBLB can't seem to deliver anything on time (or even close) and they haven't shown how they would be able to produce a large amount of fabric (especially for a customer like the Army).
I completely agree with you.
Sheets look thin enough to see through, so it looks like fabric.
Edges look like they are created by a black marker.
<< it would be a waste of silk and the results would be totally incomplete >>
If they could mass produce, then they should be able to create this fabric in a short period of time. Problem is that they can't mass produce.
The Dec 2018 extension was for the 2nd deliverable (custom spidersilk).
The shootpacks were the 1st deliverable and were due Apr 2017. Yes, they FINALLY delivered the shootpacks after 2 years and numerous excuses.
If they take 2 years to deliver the custom spidersilk, then you won't see anything until around Sep 2019.
The article states:
"Although synthetic spider silk has impressive potential as a biomaterial, endotoxin contamination of the spider silk proteins is a concern, regardless of the production method."
That would seem to indicate that no matter how spider silk is created, endotoxin is a concern.
<< YES.....two separate international production facilities. >>
KBLB has ZERO production facilities. They don't "produce" anything (except hope which is purchased by the metric ton).
But thanks for rehashing that PR from 2016. Here is a quote from it:
ROTFL! The 1st delivery (sample shootpacks) is now more than 2 years overdue, and they've already admitted (in the latest 10Q) that the 2nd delivery (custom spidersilk) will be at least 3-4 months late.
Can someone that communicates with Mark or Rene please ask them what is the deadline for filing with the SEC?
I follow this stock on an almost daily basis and I don't see evidence of what you are saying. For example, today there were about 261K shares bought and 176K shares sold. So today alone negates your statement.
3Dcadman: Welcome to the board. I believe that the KBLB estimate is ridiculously high and that the actual cost is in the ballpark of the Forbes article. The process is sort of similar to brewing beer and beer can be produced for a very low cost.
The list that you provided is just a rehash of their PRs over the last year and is just fluff and forward-looking statements that mostly have come to nothing.
For example, "relocating its current production operations, from Indiana into its new larger facility". Who cares? So they have a "production operation" that isn't producing much of anything. Let me know when they are actually producing (and selling) something.
Or "We produced and shipped the first production batch of Dragon Silk cocoons for processing under our contract with the US Army". But the problem with that statement is that batch never made it to the Army, because supposedly "the reeler" ruined it.
Or how about "The Company delivered the first Dragon Silk fibers to a medical equipment firm for performance and application suitability testing". That was about a year ago (Aug 2017). Whatever happened to that? Most probably nothing (or we would have heard about it in a PR).
Bottom line is that they have only had 1 customer in the last 10 years - the Army - and they haven't delivered anything to them in over 2 years (since they signed the contract). That isn't a good track record.
<< what has caused the drop? >>
My guess is the latest 10K. It didn't have any good news. And then it stated that they weren't going to be able to meet the delivery to the Army for the custom spidersilk within the next month. Since the Army is their only customer, that was pretty bad news.