Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
***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….
<< .the pps went up 19%... >>
It looks like a calculated manipulation to walk the stock up, similar to what happened back in May when pumpers came on the board saying that the stock was going to explode. Except it never did explode and when the pumpers dumped, it dropped back down to basically where it started (which is where I expect it to go once again).
In other words, it is another pump. Expect the dump within the next week or so.
<< held an important pps of .04... >>
Because someone bought 111 shares (worth about $4) with 30 seconds left in the trading day. Once again, it is obvious manipulation.
Anyone that is going to buy into this manipulation deserves to lose their money.
Thanks for that video.
https://youtu.be/mbhiFcdDr6s
<< you attempt to challenge them with the idea that nothing was DELIVERED.. >>
WRONG AGAIN!
I never said that. I said that KBLB never produced anything that the Army had ordered. You should reread my post, since you obviously didn't understand it the 1st time.
Here is what I said:
KBLB FAILED to deliver anything that the Army ordered.
The Army ordered shootpack(s) and KBLB didn't deliver even 1.
The Army ordered 100 kilos of custom spidersilk and KBLB didn't deliver even 1 kilo.
<< For the Army contract, they did produce, and it was successful. >>
WRONG AGAIN!
KBLB FAILED to deliver anything that the Army ordered.
The Army ordered shootpack(s) and KBLB didn't deliver even 1.
The Army order 100 kilos of custom spidersilk and KBLB didn't deliver even 1 kilo.
DID KBLB DELIVER SHOOT PACKS TO THE ARMY?
NOTE: In short, no, they didn't.
See here for more details:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162383919
You have no idea what you are talking about.
<< 546k shares were sold AND BOUGHT... >>
WRONG AGAIN!
That is a common misconcepcion that beginners make all the time. I understand your confusion.
Shares are not traded between the general public. In other words, when Joe sells shares, he doesn't sell them directly to Larry.
The general public buys and sells shares to market makers (and that is why there is a spread). Therefore when Joe sells shares, he sells them to a market maker, and that trade is labeled as a SELL.
Today there were:
536,000 shares SOLD
5,670 shares bought
https://ih.advfn.com/stock-market/USOTC/kraig-biocraft-laborator-qb-KBLB/trades
That is almost a 10:1 ratio of SELLS to buys.
That can't be good for shareholders.
21 trades today. LOL
Only 1 of those trades was a buy, and it came at the end of the day (to paint the share price up for a whopping $191).
And that trade was done at .03364 (a 5 decimal trade), which isn't available to the general public. My guess is that the Douchebag CEO still has his brokerage license and is the one that is painting the share price up at the end of the day.
Pathetic.
<< im not invested in the ceo...im invested in the company... >>
WRONG AGAIN!
The company = the Douchebag CEO.
He is the CEO, President, CFO, the entire Board of Directors, controlling shareholder, and the janitor. LOL.
The company is even named after him. LOL.
Let me refresh your memory....
On June 7, you stated:
"im saying that trend is done and we are now at the start of a long term uptrend..."
"i think long term, we are on the way up..."
"the golden cross is no joke..."
<< Anybody else smelling AI ......... >>
That was my prediction as well.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172818621
<< gonna see some movement in the stock soon... >>
You have been saying that for months, including when the golden poop cross supposedly happened that you and other pumpers were hyping.
<< the technology alone is worth around two dollars >>
WRONG AGAIN!
The technology is basically worthless at this time, since it hasn't been proven. After 14+ years, shareholders are still waiting on commercial production, and at this time it isn't even close.
<< kim thompson is listed as an inventor and owner in those patents.. >>
We have already been through this at least once.
The Douchebag CEO also owns a house. Does that mean that KBLB owns it? The answer is "NO". The person and the company are totally separate and distinct things. Just because the Scumbag has something, it doesn't mean that KBLB also has that thing.
<< and they have licensed the rights to everything from notre dame... >>
And according to the documents, that license can be revoked at any time.
****DOES KBLB HAVE ANY PATENTS? (UPDATED)****
In a word "NO"!
Despite the many false claims that have been made over the years, KBLB has absolutely NO PATENTS. (Of course the PRs are created in a way to make investors believe that they have patents).
The company itself plainly states that it has NO PATENTS in recent SEC filings.
These statements are from KBLB's most recent Amended S-1A (dated 1 Sep 2023):
"We currently do not have patent rights to the products we are seeking to develop and we currently license some of the genetic sequences and genetic engineering technology we need to develop our products. If any third party challenges our claim to intellectual property rights in the fiber products we are seeking to develop or the intellectual property rights that we license, our business may be materially harmed.
We do not have utility or design patents to the fibers and products we are seeking to develop. It is possible that the fiber products we are seeking to develop could be imitated or directly manufactured and sold by a competitor. In addition, some or all of our research, development ideas and proposed products may be covered by patent rights held by some other entity. In that event, we could incur substantial liability, we could be subject to litigation and claims, and our business would be materially adversely affected."
We have limited intellectual property protection in foreign markets, which could affect our ability to grow our markets and increase our revenue.
The intellectual property that we licensed from Notre Dame is covered by a series of U.S. patents and U.S. patent applications with limited or no international patent protection.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222034178/forms-1a.htm
<< Maybe the third time will be the charm? >>
I will bet that the next VNTH "company" will be AI oriented.
<< Read the Goddam PR's. >>
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, 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?
"Jul 18, 2022 - The contractor is in possession of the Company’s specialized eggs and anticipates a 90-day ramp-up for the first deliveries under the contract."
https://www.kraiglabs.com/kraig-biocraft-laboratories-enters-next-phase-of-business-plan-signs-deal-with-contract-manufacturer-to-produce-metric-tons-of-recombinant-spider-silk/
"Feb 10, 2022 - In the coming weeks, the Company expects to be ready to formally launch the Spydasilk website and brand."
https://www.kraiglabs.com/kraig-biocraft-laboratories-delivers-dragon-silk-to-spydasilk-enterprises/
"Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk"
https://www.kraiglabs.com/kraig-biocraft-laboratories-launches-commercial-production-of-monster-silktm/
"May 13, 2019 - Kraig Biocraft Laboratories To Be Featured In Upcoming Documentary Series On Combating Terrorism"
https://www.kraiglabs.com/kraig-biocraft-laboratories-to-be-featured-in-upcoming-documentary-series-on-combating-terrorism/
"Sep 25, 2019 - Over the last two weeks the Company announced the selections of three new independent directors scheduled to join the Company’s board during the fourth quarter, including Mr. Anurag Gupta, Ms. Julie Bishop, and Mr. Greg Scheessele."
https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-selection-of-independent-directors-for-its-board-of-directors/
"Dec 17, 2019 - Kraig Biocraft Laboratories Readies For First Commercial Shipment Of Recombinant Spider Silk And Accelerated Growth In Production"
https://www.kraiglabs.com/kraig-biocraft-laboratories-readies-for-first-commercial-shipment-of-recombinant-spider-silk-and-accelerated-growth-in-production/
"Oct 28, 2019 - The Company expects that its factory will have capacity to produce more than 8 metric tons of its specialized silk in 2020, with a total capacity of roughly 40 metric tons per year, once fully utilized."
https://www.kraiglabs.com/kraig-biocraft-laboratories-spider-silk-facility-to-break-corporate-production-capacity-records-within-first-months-of-operation/
"Nov 23, 2020 - "Upon commencement, and as consideration for the exclusive sales agreement, MK will issue to KBLB a prepayment of $250,000 to be credited to the first shipment of spidersilk thread.”
https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm
"Jan 26, 2021 - "Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."
https://www.kraiglabs.com/kraig-biocraft-laboratories-and-mthemovement-by-kings-group-sign-exclusive-purchase-and-sales-agreement-for-up-to-potentially-40-million/
"April 06, 2020 - Kraig Biocraft Laboratories CEO To Present At Synbio Markets 2020"
https://www.kraiglabs.com/kraig-biocraft-laboratories-ceo-to-present-at-synbio-markets-2020/
A whale just dumped 280K shares.
Was that the Douchebag CEO?
<< KBLB has enough money for almost two more years. >>
WRONG AGAIN!
<< an Air Force contract is coming >>
That is complete BS!
First, the RFI (Request for Information) won't even be completed until next summer (according to one of your buddies). Second, an RFP hasn't even been posted yet (and probably won't be for a long time). So nothing is coming in the near future.
<< you forget about the great SS clothing reveal >>
First, the MtheMovement / Kings contract was a 4-year contract, and there is only one more year left. Second, Kings has scrubbed KBLB from their website, and MtheMovement has partnered with another company, so it doesn't look like anything will be coming from that contract at all.
<< tell me why KBLB needs to dilute shares >>
Could it be because KBLB has $8.4 MILLION in total liabilities (and that number keeps going up every quarter)?
***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 ONLY ADDED 1 POSITION IN THE LAST QUARTER (AND NOT 2)***
KBLB has been implying that they were adding 2 new positions over the past 6 months.
In a PR dated 28 Feb 2023, KBLB stated that they added "2 new positions":
https://www.kraiglabs.com/kraig-biocraft-laboratories-adds-two-new-positions-on-research-team-to-accelerate-implementation-of-its-spider-silk-technology-roadmap/
In another PR dated 19 Jul 2023, they once again doubled-down and stated that they filled "2 new positions".
https://www.kraiglabs.com/new-sericulture-experts-join-kraig-biocraft-laboratories-bringing-extensive-experience-supporting-acceleration-of-production-ramp-up/
Yet, a comparison between the last 2 S-1/A documents filed with the SEC by KBLB shows that they only increased their full-time staff by 1 individual (and not 2).
This is from S-1/A (#13) filed on 6 Jun 2023:
"The Company currently employs between 8-11 people at its U.S. facilities, 6 full-time and up to 5 part-time, including Kim Thompson, our officer and sole director and Jonathan R. Rice, our Chief Operating Officer."
"The Company currently employs between 9-12 people at its U.S. facilities, 7 full-time and up to 5 part-time, including Kim Thompson, our officer and sole director and Jonathan R. Rice, our Chief Operating Officer."
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:
"Collectively, due to the voting rights features of the Series A Preferred Stock (which is owned solely by our chief executive officer), our officers and directors own an aggregate of 626,090,415 shares of our voting securities, or approximately 43.68% of our outstanding voting securities."
"Collectively, due to the voting rights features of the Series A Preferred Stock (which is owned solely by our chief executive officer), our officers and directors own an aggregate of 626,608,412 shares of our voting securities, or approximately 42.0% of our outstanding voting securities."
<< Any idea what all these filings lately are about? >>
If one were to read the SEC filings, it is pretty self-explanatory.
The Douchebag CEO is getting ready to dilute the hell out of the stock. Over 300 MILLION shares will be diluted.
"Pursuant to this prospectus, the selling shareholders identified herein (each a “Selling Shareholder” and, collectively, the “Selling Shareholders”) are offering on a resale basis, up to 306,124,163 shares of common stock, no par value per share (the “common stock”) of Kraig Biocraft Laboratories, Inc."
<< Can you imagine how much $$ this guy & his minions have made over the last ten years + >>
KBLB has an accumulated deficit of almost $48 MILLION. Where do you think most of that money has gone? To a virtual office? LOL
An SEC Notice of Effectiveness is a document that declares a registration statement is effective. A registration statement is a document filed with the SEC by a company (KBLB) that is offering securities to the public. This means that the company (KBLB) can begin selling the securities to the public.
<< My understanding is the S1 is for the purposes of raising capital >>
Yes, the purpose is to dilute more shares so that the Scumbag CEO can stuff more money into his pockets.
<< and uplisting to a national exchange. >>
The Douchebag CEO recently said (3 months ago) that an uplisting is currently off the table:
"Management believes that it would be a miscalculation to attempt an up-list while experiencing a production bottleneck."
**** ABOUT 300 MILLION SHARES ARE "SOON" TO BE DILUTED ****
The 424B3 states 306 MILLION shares.
The calculation from the S-1 shows about 299 MILLION shares.
**** MASSIVE DILUTION COMING SOON ****
<< Notice of Effectiveness by SEC given on 9/7/2023!! >>
You want to know why the price went up on a day that traded < $5,000???
On a day when there was 3x as much selling as buying????
LOL
It is called market manipulation....
<< you have even lost you mod. position >>
WRONG AGAIN!
<< it trades on Canadian exchange >>
That is incorrect.
PSYCF trades on the OTC QB:
https://www.otcmarkets.com/stock/PSYCF/security
****** 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):
"Our business is based on scientific research which has not demonstrated commercial viability and makes our business highly risky.
We are engaging in research and development of new recombinant silk fibers. Due to the speculative nature of this scientific research, our chances of success are uncertain and we cannot guarantee that we will succeed in developing new fibers that deliver performance results to meet customer requirements or obtain commercial acceptance. An investment in us, therefore, is highly speculative and risky."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315222015052/forms-1a.htm
***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….
WRONG AGAIN!
Here is the actual PR headline from 2013:
"Oct 07, 2013 - KRAIG BIOCRAFT LABORATORIES LAUNCHES COMMERCIAL PRODUCTION OF MONSTER SILK(TM)
The Company Plans on Producing Metric Tons of Recombinant Spider Silk in 2014"