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<< After all I don’t think he was going to set us up for disappointment without knowing the outcome this time. >>
So he has disappointed for 10 years, but this time will be different??? LOL
2.5 million shares sold, 600K shares bought (as of 11:15 am)
It looks like whoever has been buying (and pumping) over the past few days, has decided to start selling.
Yes, he had me excited for a few milliseconds as well. LOL.
But I knew that it was too good to be true and started to look for "the catch" (aka the "fine print").
Once again, another useless PR designed to artificially pump up the price.
Translation: Kim created a shell / dummy corporation. Imagine that!
Yes, but a thick material is better than the alternative (death) :)
Personally, my favorite material for armor at the moment is metal foam:
Military vet sets out to make world's strongest bullet-proof vest
http://www.foxnews.com/us/2018/04/21/military-vet-sets-out-to-make-worlds-strongest-bullet-proof-vest.html
<< I'm just now reading the KBLB 10k. It states:
"On January 23, 2017 the Company signed an 8 year property lease with the Company’s President for land in Texas. The Company pays $960 per month
starting on February 1, 2017 and uses this facility to grow mulberry for its U.S. silk operations.
Does this mean that Kim is leasing his own property for $960/month? >>
Yes, that is correct. Kim is leasing the land back to KBLB at a profit.
Great post gimme
<< that future value statement jumped out at me on my fourth read. >>
If you have to read something 4x in order to find some hidden message, then I think you are reading into it a little bit.
<< I thought the PR was crap... >>
I think your initial gut feeling is spot on.
I believe what the evidence and history of the company shows.
KBLB has 10 years of history. Nothing has changed in that ENTIRE time. They still haven't produced ONE product (except for ONE glove and a few fibers). They still don't have ANY customers. Yet some will swear that "things are changing". Really! Where?
Years ago, the company announced that they had consistency issues. They still do. They can't even produce sample shootpacks after two years. Think about that for a little while. They can't produce enough material for a 4" x 4" swatch after two years. How is that even possible?
Years ago, the company announced that they had small cocoons. They still do. Some will claim that this has been "solved" over the last few weeks, but that isn't true (yet). They still haven't shown test results. For all we know, the larger cocoons that they have produced are not strong and have consistency issues (and that is probably the case since they didn't say anything about that).
Years ago, they announced that they are going to Vietnam. They are nowhere close to being approved into Vietnam.
Yet many on this board believe that "things will change". That is hogwash. Nothing is changing. And these PRs are worthless. They are just a rehash of things that have been said over and over and over the past years.
How is today any different than 5 years ago? What are the MAJOR accomplishments that the company has actually made? There are none.
Will things ever change for the company? Who knows. Maybe they will. The problem is that Kim keeps trying to buy more time. And time is his worst enemy. His competitors are now starting to take large chunks of the market. They are building their brand. By the time KBLB gets its act together, it might be too little too late.
We shall see...
If you want to know the reason for the last 2 PRs, follow the money trail.
The problem is that KBLB is having a hard time finding money and there isn't much of a money trail at all. Their previous financing deal with Calm Seas Capital ended last year. The Army hasn't extended their contract (and they have only received about $129K over the past 2 years). The stock price has been dropping like a rock over the past year. In other words, the company is on life support. Hence the PRs.
Kim is hoping that these PRs will help to find new investors and shareholders in the company.
Kim is also hoping to buy more time. Kim makes out quite nicely no matter how well the company does (or does not do). He has a great salary (over $300K / year), he gets a bonus every year, he has 100s of millions of shares of stock (which he can sell at any time), he has an expensive company car, etc. Whether the company performs has no relationship to his perks. He has made millions of $ over the last 10 years, and the company hasn't made one product (besides the rumored glove and a few threads).
Finally, he is trying to associate KBLB with all of the things that he put in the PR.
Kim hopes to associate KBLB with companies and institutions that are receiving 100s of millions of $ in funding.
He hopes to associate spidersilk with Kevlar, air bags, seat belts, flexible bridge suspension cables, sports helmets, motor vehicle panels, rope, bandages, elastic ligaments, artificial tendons, biodegradable water bottles, fishing nets, unrippable paper, semiconductors, electronics, microchips, clothes, bandages, eye sutures, hearing aids, artificial skin, ad infinitum.
He is also trying to distract everyone from the fact that they still haven't made the sample shootpack delivery to their ONLY customer, the Army, (which is now a year and a half overdue).
China plans to grow silkworms on the dark side of the moon
https://www.telegraph.co.uk/news/2018/04/13/china-plans-grow-flowers-silkworms-dark-side-moon/
I saw this posted on another board and it looks like KBLB is possibly related somehow (KBLB is listed at the bottom in a list of stocks):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139973037&txt2find=maxd
<< In my opinion KIM knows exactly what he can get away with almost always. >>
There is no doubt about that.
Kim used to be a stock broker and is a lawyer. He knows exactly what he HAS to report to his shareholders.
Wow, KBLB must be getting desperate to publish a PR that says absolutely nothing!
It definitely sounds like a defensive reaction against competitors such as Bolt Threads and Spidey Tek.
<< Kim wouldn’t send $100k to Vietnam... >>
Please show us where it says that actually happened.
<< i would rather see a lemonade stand... >>
That is interesting. Spidey Tek is trying to sell glue and drones and you condemn them. But you previously stated that you would be happy if KBLB sold "toilet paper"! LOL
<< Kblb has the fibers with incredible properties... >>
Yes, the rumor mill seems to say so. The problem is that it hasn't been proven in the real world yet. After 10 years, KBLB still doesn't have ONE product. And after 2 years, they still haven't made either of their deliveries to the Army yet. So color me skeptical...
<< i find it curious that he can create fiber that surpasses the qualities of spider silk, yet he is going to make glue? >>
The glue industry is HUGE: Elmer's glue, Gorilla glue, Liquid Nails, Loctite, Titebond, etc.
The Adhesives & Sealants Industry is expected to be worth $67 billion in 2022. Even if they could earn 1/10 of 1%, that would be worth $6.7 million. Not a bad way to start off a company...
I'm sure if KBLB announced that they were going to start selling glue, shareholders would be ecstatic!
In addition, they also have a 30" drone that was created from their spidersilk. They are now looking to create a life-size drone.
Spidey Tek product: the Spidey Bat drone
<< The Spidey Tek Team is the only scientific group in the world with this technology... >>
At first, I laughed at that statement. But then I did some research and found that they indeed might have something EXTREMELY unique here.
It seems that they might have found the holy grail for creating spider silk. They are using microorganisms. The problem with microorganisms is that they haven't been able to create "long proteins" (until now). It seems that Spidey Tek has figured out a way to use microorganisms to create "long proteins".
TRUTH:
Thank you very much for that article.
<< Is KBLB in a Quiet Period? Self-imposed, or other otherwise? >>
NO
<< Or is there just no production or no production news? >>
YES
There seems to be a misconception that KBLB has received the entire $1.1 million from the Army. That is incorrect. They have only received around $129K so far.
Here is an explanation of how revenue is generated by the Army contract...
So far, KBLB has only received about $129K from the Army (out of a total of $1.1 million).
Those quotes are all from KBLB's latest 10K annual report.
If they don't deliver the shootpacks (which were due Apr 2017), then they won't receive (most of) the $100K for that delivery.
If they don't deliver the 100 kgs of "custom" fiber (which are due 24 Jul 2018), then they won't receive (most of) the $920K for that delivery.
KBLB has 7 employees (Kim, Jon + 5) (according to the most recent 2017 Annual Report / 10K)
"As of the date of this filing, we have 7 employees including Kim Thompson, our sole officer and director and Jonathan R. Rice, our Chief Operating Officer."
http://irdirect.net/filings/viewer/index/1413119/000165495418003028/
At the end of 2016, they had 5 employees (Kim, Jon + 3).
Why would they need to post a 10K for 2014? They already released a 10K for 2014.
WOW! Yet ANOTHER excuse! That is unbelievable. I need a scoresheet to keep track of all the excuses. LOL.
Fiber (for the shootpacks) was sent to the "alternative textile research facility" back in January. Yet here we are 3 months later and they still don't have shootpacks.
We are now coming up on 2 years from the award of the original contract with the Army and they still have NOTHING to show for it. How sad.
The most unbelievable part of this entire thing is that a shootpack is smaller than 4" x 4"!
How does anyone expect KBLB to create 100 kgs. of "custom" fiber within the next 3 months, when they can't even create a few ounces of fiber for a 4" x 4" sample swatch given 2 years (especially since the line of fiber used for the shootpacks was supposedly ready for "scale and sale" years ago)???
Since they are still working on creating the "custom" fiber, it looks like they are going to be late for their 2nd delivery as well (otherwise they should be cranking out reels of fiber by now).
That means that they will not be reaping the full benefits of the $900K payment anytime soon. It also means that the Army will probably NOT be extending their contract. Too bad.
That article is dated 2 Aug 2017 and is 8 months old. It has been discussed multiple times in the past. The reporter made a mistake. The shoot packs were never delivered. Instead, KBLB delivered some fiber to the Army. The Army tested the fiber and they liked it enough to go ahead with the contract extension. This has been verified multiple times by many different sources (including KBLB).
The 3Q 2017 newsletter from KBLB (which came out 31 Oct 2017 and 2 months after the article you posted) stated:
I'm not sure if you noticed, but that article is almost 2 years old.
Good luck to you as well
<< as you stated the consultant would have had to pay $15k to exercise the warrant..most people don't actually cough up the cash..it is taken out of the warrant..so the 348,837 shares taken out of the 15 mil total is the $15k he had to pay...thus only 14,651,162 were actually issued.. >>
Yes, that is basically what I said. Thanks for stating it so eloquently. :)
KBLB owed a "consultant" a very large amount of money (about $848K). How was he paid? Did the Army pay him, as some people are insinuating? NO. So then, how was he paid? The answer is that he was paid in KBLB stock. And that is how KBLB is paying for most things.
KBLB is continuing to dilute their stock (to the detriment of the share price).
If you ask me, dilution is a better solution than financing (at 10% or 20% interest per year). Of course, it would be much better if KBLB actually sold something and made some money.
You basically asked "how are the paying the bills"?
I showed you that KBLB is diluting the stock (to the detriment of the shareholders).
According to the 10K, 2017 net losses were $2,333,100 and dilution of shares amounted to $2,185,965. So almost the entire year's loss was funded by dilution.
As an example, you can take a look at those 15 million warrants that they issued 20 Jun 2017. Those warrants were issued "to a consultant for services rendered". For all we know, the "consultant" was a buddy of his that agreed to give him a nice "kickback". The 10K says that the warrants were worth about $848,011. That is one of the biggest expenses for the company, as it is more than a third of the entire year's losses.
15,000,000 shares at $0.001 comes to a total of $15,000. So the "consultant" would have had to pay $15,000 for the 15,000,000 shares.
The 10K says that 14,651,162 shares were issued (instead of the entire 15 million) on 27 Dec 2017.
The closing price on 27 Dec 2017 (the execution date) was 0.043. $15,000 worth of KBLB stock at 0.043 / share comes to a total of 348,837 shares. If you subtract that from 15 million, you get 14,651,162 shares. That is the exact amount that was exercised.
So KBLB is paying for a lot of their expenses with stock (and diluting the stock at the same time).
I guess you are trying to imply that Kim is some sort of stand-up kind of guy. LOL.
Instead of loaning the company $100K, he should reduce his salary by $100K. He would still be making out like the fat rat that he is, but at least he wouldn't be squeezing the poor shareholders more and more over time, and driving the share price down from 8 cents to 2 cents over the past year.
The company has produced NOTHING over 10 years (except for ONE imaginary glove). Yet he pays himself $320K a year, increases his salary by 6% a year, pays himself a bonus every year, the company pays $40K a year for his car, he gives himself 100s of millions of shares, ad infinitum.
BTW, how does a car cost $40K a year! What is he driving a Ferrari?
Yet now you want to claim that he is a stand-up guy. ROTFL!
Sorry, I didn't catch that those were warrants.
In the most recent 10K, search for the following text:
"816,847,910 and 773,627,964 shares issued and outstanding, respectively"
You will see that the $ amount of stock increased by about $2.2 million between 31 Dec 2016 and 31 Dec 2017.
That amount should fund operations for about a year.
"As of November 14, 2017, there were 802,196,748 shares of the issuer’s common stock
There are 816,847,910 shares of common stock issued and outstanding as of March 13 , 2018"
According to your #s, another 14.5 million shares were added in about 4 months. That is about 1/2 million $.
In addition, if you take a look at KBLB's financials, you will see that Kim is loaning the company money (at a profit of course).
It sounds like a paid advertisement.
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