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****** 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.
<< So the stock price dropped due to someone getting out >>
***NEWS FLASH***
That is how the market works. People buy and the price goes up.... People sell and the price goes down....
<< Now we are closing back to where we were prior to someone getting out. >>
It is rising today on very low volume. It is easy to manipulate a price up when there is very low volume, but it is like building a house on sand.
The price plummeted on Friday with a volume of almost 2.3 MILLION shares.
The price went up today on around 350,000 shares, which is very low volume. The average volume over the past 6 months is around 560K shares.
That is a HUGE difference.
https://ih.advfn.com/stock-market/USOTC/kraig-biocraft-laborator-qb-KBLB/historical
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
The address listed on their website AND on their SEC filings is:
2723 South State Street
Suite 150
Ann Arbor, Michigan
"Since September of 2015, we rent office space at 2723 South State Street, Suite 150, Ann Arbor, Michigan 48104, which is our principal place of business. We pay an annual rent of $2,508 for conference facilities, mail, fax, and reception services located at our principal place of business."
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
"At June 30, 2023, we had 1,436,861 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223028545/form10-q.htm
"At March 31, 2023, we had $3,452,262 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business.""
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223016671/form10-q.htm
***NEWBIES***
Run like hell from this ticker, and never look back....
KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly.
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….
<< cant you see he is on your side? >>
WRONG AGAIN!
It is pretty obvious that he isn't on anyone's "side". He simply looks at the evidence and then forms the most likely hypothesis.
<< I don’t think Thompson bought enough to worry most buyers. >>
The Scumbag CEO bought over $450K worth of gold. That seems like a good amount to me....
Great post!
<< I think the gold is a type of payment bond, probably required by the Vietnam government. >>
WRONG AGAIN!
KBLB has been in Vietnam since 2017 (for over 6 years). They bought gold in 2021 (only 2 years ago).
In addition, the Scumbag CEO seems to be hiding the gold under his bed:
FYI: The Board of Directors = the Scumbag CEO (he is the ONLY board member)
"The Board of Directors, who serves as the Custodian, is responsible for the safekeeping of gold bullion owned by the Company."
<< So what you're saying is Kim may have purchased the gold on behalf of the company, all the while knowing he would eventually take possession of it, due to salaries owed? >>
The Scumbag CEO owes himself over $7.5 MILLION. He could take the gold, T-Bills, cash, and equipment, and he would still owe himself more than $3.5 MILLION.
<< more than twice if you include T bills and gold >>
WRONG AGAIN!
The quote posted comes directly from the SEC filing by KBLB.
The problem with that is that T-Bills and gold are NOT considered "cash and cash equivalents on hand", otherwise it would have been reported as such in the filings.
This is (once again) directly from the filing:
"Cash and cash equivalents consist of demand deposits at financial institutions, money market funds, and highly liquid investments with original maturities of three months or less.
As of June 30, 2023 and December 31, 2022, the Company had $1,436,861 and $3,862,716, in cash and cash equivalent accounts."
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB:
We strongly encourage the public (whistleblowers and non-whistleblowers) to submit any tips, complaints, and referrals (TCRs) using the SEC's online TCR system and complaint form at https://www.sec.gov/tcr.
https://www.sec.gov/tcr
****** 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.
***** HISTORY OF KBLB CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has (falsely) stated that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
"At June 30, 2023, we had 1,436,861 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223028545/form10-q.htm
"At March 31, 2023, we had $3,452,262 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business.""
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223016671/form10-q.htm
There was NEVER an official statement from the company regarding tainted / poisoned mulberry. That was a rumor that came from someone on this board.
<< From the company insider's viewpoint, wouldn't that perhaps be a better strategy than having investors being realistic as to where the money has actually all gone??? >>
ZNOG has an accumulated deficit of $283 MILLION!
That is a LOT to account for....
<< KBLB has produced about $6,000 worth of silk. >>
We don't know that for sure. It says that there is about $6K in inventory, but that could be supplies or other things.
<< We have a contract with the AF coming soon enough >>
WRONG AGAIN!
<< I'm super-confident in my investment. >>
The problem with statements by you, is that you would never admit if you weren't confident or you were unhappy.
<< The CEO should make a constructive comment on the state of affairs. >>
All the Scumbag CEO would say is something to the effect that they are hitting the ground running, ramping up, doubling and tripling production, have new transgenics that are awesome, and are on-schedule.
<< the golden cross is no joke... >>
For KBLB, it is a very cruel joke.....
<< Sell and be done. >>
FYI: You don't need to tell anyone to sell. As you can see, over the past few years, shareholders are doing it all on their own.
<< With special guest appearances by: Russel Crowe & Sheryl Crow >>
Thanks for the laugh.
We have decided to add a special to the lunch menu today - filet of crow with a crow foie gras.
Is that the Scumbag CEO selling?
******** UPDATE: SHARE PRICE DOWN 15% ON EXTREMELY HEAVY VOLUME ********
About 8.5x as many SELLS as their are buys.
1,507 SELLS
178K buys
******** SHARE PRICE DOWN 10% ON VERY HEAVY VOLUME ********
About 4.5x as many SELLS as their are buys.
647K SELLS
144K buys
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from the most recent quarterly filing (filed on 14 Aug 2023):
"At June 30, 2023, we had 1,436,861 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223028545/form10-q.htm
"At March 31, 2023, we had $3,452,262 of cash and cash equivalents on hand. These funds are insufficient to complete our business plan and as a consequence, we will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business.""
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315223016671/form10-q.htm
<< The Naysayers on this board have are having a banquet every single day at the expense of the cheerleaders. Reason is never any hope of sales and revenue immediate or in the forseeable future. What's too cheer about? >>
Yes, the daily lunch menu consists of lots of crow - crow soup, crow gumbo, crow salad, crow stew, deep fried crow, sauteed crow, pineapple crow, lemon crow, coconut crow, pepper crow, crow & potatoes, crow burger, crow sandwich, and crow ice cream. Since business has doing so well for the past 7+ years, we have closed down for dinner (since it isn't needed).
*****FILING A COMPLAINT AGAINST KBLB*****
For those that would like to file a complaint against KBLB:
We strongly encourage the public (whistleblowers and non-whistleblowers) to submit any tips, complaints, and referrals (TCRs) using the SEC's online TCR system and complaint form at https://www.sec.gov/tcr.
https://www.sec.gov/tcr
****** 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.
***NEWBIES***
Run like hell from this ticker, and never look back....
KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly.
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….
<< I'm not skewing anything >>
Yes, you definitely did.
<< I copied and pasted straight from the site. >>
No, you didn't. You added a period that wasn't there, and then left out some of the most crucial information to skew the message.
Here is your quote (verbatim):
any firm believing it can fulfill the requirement identified above may submit a written response.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172628541
"any firm believing it can fulfill the requirement identified above may submit a written response to Virginia.dennison@navy.mil no later than 5 days after the date of publication of this notice, which shall be considered by the agency."
https://sam.gov/opp/913539d54a554206bd70b59042be40c1/view
<< What this message says is: “We are going to award the contract to Technology Holding, Inc, but will give everyone else a chance to toss their hat into the trash bin.” >>
That is a very accurate synopsis.
<< AF funding is a SLAM DUNK for Technology Holding, Inc. Oops! >>
LOL
<< any firm believing it can fulfill the requirement identified above may submit a written response. >>
Once again, you are trying to skew the truth, but it won't work.
First, you misrepresented the actual text. There is NO period after the word "response". Anyone can go to the link and verify that. The actual text is provided below.
Second, you left out one of the most vital pieces of information, which is that other companies were only allowed to submit a response "no later than 5 days after the date of publication of this notice". Once again, anyone can see that the date of publication was 7 Aug, which would mean that the latest that another company could respond was by 12 Aug. That shipped has sailed.
Third, even if another company did respond within the 5 days allowed, they was almost no way that they would get the award, since the company Technology Holding "completed the initial testing and have the knowledge/specific detailed materials to perform the new testing". In other words, they already are involved in the process, and the Navy had chosen their awardee.
Original Published Date: Aug 07, 2023 05:09 pm PDT
"This notice of intent is not a request for competitive proposals; however, any firm believing it can fulfill the requirement identified above may submit a written response to Virginia.dennison@navy.mil no later than 5 days after the date of publication of this notice, which shall be considered by the agency."