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I called the company today and spoke to Dan, their director of operations. He was very upbeat about what they were doing. It's essentially a turnaround situation and they are getting re-capitalized and have some new advisors and board members..(Jim Biden...yes in the family of Joe Biden, Will Lott...yes relative of Trent Lott, Bill Sparks and others). Michael Krowder has joined the company out of retirement.... Former director of operations at Haliberton...They are focused on the Mississippi Horizontal Zone as well.
Dan actually knows some of the same people I know in Oklahoma... Very small world!! At any rate it was a great conversation and they will be releasing more press releases as they solidify some of the things like capitalization etc.. Dan said sighing the next 30-60 days... In the mean time, i'm loading up!
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Has anyone actually contacted the company? I picked up more shares today.... Ridiculously cheap. If this is not a scam, then it's crazy undervalued. I'm going to send a message to the company,
I plan to email the CEO for some clarification on what manufacturing expansion means..... I'll post it here if there is anyone reading....
Outstanding email to Kim!!! This guy is a weirdo thinking he can simply not communicate to his shareholders. It's been my biggest source of frustration with this company. I want to believe in the technology, but I need more communication from the CEO to make the most informed investment decision. I own shares, but far fewer now than before.... Something just does not seem right about how Kim communicates... It makes no sense. He is asking for a shareholder lawsuit if he continues this behavior.
500PCT I just clicked on the report from the email http://lp.the500pct.com/kblb
I didn't get any alert....
Please view our report here!
KBLB GAME CHANGER
Readers, for those of you who missed yesterday drop everything and listen up. KBLB just announced that they signed an agreement with industry leader Sigma who is at 64 bucks and did 2.3B in sales last year to commercially produce spider silk. This deal is a game changer.
As you can imagine KBLB is building a nice head of steam on the back of this breaking news. Yesterday KBLB was up 50PCT on monster volume of 13.6M and it is just getting started. It was one of the daily volume leaders. Between the breaking news, Sigma’s positive comments and being on the Leader Board the buzz is growing.
With the increased news and increased volume comes increased coverage and we all love increased coverage because it leads to increased price. Hop on board NOW and ride this KBLB mutant spider web to some serious green. This is just the beginning but historically the quicker my readers move the more they make.
As you are aware we have been covering KBLB for the past year and we have seen time after time a positive reaction to news from the Company. How can we tell when news is coming??????
My research leads me to the year end 2010 Corporate State of Affairs Letter. Where KBLB lays out what they expect from 2011 they start off by saying they expect to reap exciting results in 2011. The Sigma deal certainly qualifies as exciting results.
They go on to say that the shortest and surest path to commercialize the products we develop in the laboratory is through partnership with companies which already possess significant market shr in our target markets.
So at the end of the year KBLB told us they were going to partner with a Company which already possess significant market shr, well check that off your list Sigma’s 2.3B in sales qualifies.
So what else do we have to look forward in 2011????????
The Corporate State of Affairs Letter states that KBLB has taken steps to accelerate its research and development work in the laboratory to leverage what we have already invented and discovered into a second generation of new technologies. We anticipate that this second generation technology will be unveiled in 2011 and that KBLB is solidly committed to executing a focused plan of developing strategic partnerships, as well as merger and acquisitions.
HINT: More big news is coming. MOVE NOW LOCK IN YOUR POSITION PRIOR TO SECOND GENERATION TECHNOLOGY NEWS. We have seen in the past positive reactions to news from KBLB, this gives you the chance to ride the second generation news to the bank!!!!!!!!!!!!!
HINT: EVEN MORE GOOD NEWS IS EN ROUTE with efforts towards a merger and acquisitions. MOVE NOW BEFORE THIS NEWS COMES OUT TO MAXIMIZE YOUR BENEFIT.
I strongly urge all of my readers to review the Corporate State of Affairs Letter and filings and do all the necessary homework and be ready to lock down a position at these low levels. Once the second generation technology or merger or acquisition is unveiled it will be too late to get in at these levels.
EDITOR 500PCT
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500PCT.com Ok... So I got back in KBLB. its good to see some news finally. I just got an email from 500PCT.com about KBLB.... They were paid 100k by a third party to advertise KBLB... That kinda disturbs me. I realize we need to get the word out....but it just seems so pump and dump ish to me....
My bet is that they wanted to include the new financing they hope to achieve in their filling on the 15th. Since it's due the 15th they probably wanted to show it on their annual report. However, it does seem last minute... If they have not secured a deal with the creditor for their pending debt due the 15th by now.... Then thats troubling.
Wow! It's amazing what it takes to put it all together. I can't imagine that there are a ton of companies out there that do all this. Now if they could just file their 10Q and Ks on time and make a little profit, we'd all be even more proud.
It's from an email reply I got from Tom Hemmingway.... But if you do the math 8.7 mil shares outstanding ...and Oscar owns about 1M shares...it comes to something like 11.4% of the company shares. Tom would not disclose what the disposition of these shares would be...although I don't think he can... He simply stated they were working on figuring that out.
I agree... a few of these posters are making this look like comedy hour. I do like the low float and it's in a hot sector... It will take some substantial news on this one to move it up despite the insanity being posted 100 times a day. I haven't seen anything of value posted on here yet... If "they" really wanted to promote the stock then "they" should f...ing buy the stock. :)
Good luck!
Agreed!
How do you know there is going to be news soon? I contacted the company did you?
That wa me slapping the ask. Just buying cheap shares... The're seems to be very few sellers today.
Mr. Luppi owns 12% of the company (about 950k shares)... But I'm not sure where you are getting your information about distribution of shares.... I imagine Mr Luppi's shares will be sold or divested at some point.... But not sure when. I plan to pick up as many cheap shares as I can.... It's only a matter of time.
Hard to believe this company trades so cheaply still. I see so much junk out there trading higher with a he'll of a lot more outstanding shares....when this finally get discovered...it's going to take off... Just my opinion.
I'm long.
I did email Mr. Hemingway about Mr Luppi leaving and about his comment regarding zero debt. His answer was that Mr. Luppi left for personal reasons and the debt issue will be addressed in an 8k forthcoming in the next couple of weeks. One definite positive is that Tom Hemingway is very responsive and seems to have the right idea regarding dilution. I realize there are considerable risks to investing in companies like this....so for me it's a risk I'm willing t take. We shall see some interesting stuff in the coming weeks. Good luck to all.
I'm long.
Are we expecting any news out soon?
This will have some legs tomorrow... getting noticed by many players with this volume... I'm grabbing shares now... it will be above .02
So I did some digging on Lion Equity Holdings.... They/he owns 40M KBLB shares...here is what I found.
Lion Equity Holdings is owned and run by Edward C Defeudis----> Who owns and runs Wikiloans (WKLI) is the stock ticker. Wikiloans has an owner/part owner Wikiloans called Spider Investments LLC. Yahoo does not show Lion Equity Holdings as an owner of Wikiloans.... but it does show on eTrade...
http://finance.yahoo.com/q/mh?s=WKLI.OB+Major+Holders
I stopped looking into it after I found all this... I don't own KBLB shares anymore and I have other stocks to research for trading and investments...
Again.... I'll keep KBLB on my watchlist.
Good Luck all.
Ben,
That is the quote of the day LOL! inject Kim T with some DNA from Steve Jobs! I love it!
I'm damn glad I dumped all my shares 3 weeks ago for break even! This guy Kim is not all he is cracked up to be. If I were this close to releasing spider silk to the world, I think I could communicate it myself.... I wouldn't need help, nor would I sleep...... With the advent of twitter, blogging, etc... it's pretty cheap and easy to communicate with interested parties(investors) without an PR person. If Kim can't even do that, I think he may be the wrong guy to bring this to market.... because in order to bring it to market, you're going to have to communicate... not a strong suit for Kim per his track record.
When they(KBLB) have something more tangible... other than intellectual property this stock will do better. The stock could not sustain it's market cap without something a bit more solid....
I'll keep KBLB on my watchlist
Good luck to all....
MANSHOON1,
Very well put. You are very diplomatic in your replies. I do think for some... this investment may not for them. However there are many good points to the original posters comments. I do think that most of the credibility is with the universities and not Kim T.
KBLB will need money to make anything happen... no matter what. That means debt or dilution any way you look at it... KBLB needs to either hire employees to help make this happen or sell the rights once it's a final product..... at 500M shares outstanding, I can't imagine any company paying $2.00/share to buy KBLB with unproven product right now.... and without recent communication we can only speculate what options Kim is considering or working on....
The single biggest red flag here is Kim's lack of communication. I have invested in many small companies and never seen such poor communication with shareholders as this. It doesn't take very much time to provide a short update every 2 weeks or so. I don't think bi-weekly communication at this stage of the game is unreasonable.... I know he has been quiet before, and good things happened..... but honestly, it makes me wonder about Kim's ability to actually think strategically and not tactically.... If he can't figure out how to communicate to his shareholders, then I question his ability to communicate effectively enough to take this to market. I know some of you will say that if he has nothing to report then he shouldn't communicate.... I say, if he doesn't have anything to report every 2 weeks, then he is not working hard enough. If you had spider silk in your grasp I guarantee you would be telling the whole world everyday....
I have reduced my holdings to a fraction of what I had until I can get better information from the one man KBLB show....
I'm in on AXIH.... they have nothing but growth ahead. It's a great long term growth company.
Silence from Kim concerns me.... possible buyout??
Thanks for your efforts... You have done an amazing job. Silence along with hits to the share price tend to make investors nervous....after all.. this is the Pinks as Ben stated :) Seems we're all just a bit anxious and in need of some soothing communication from Kraig Labs.
I also agree. It's a mistake for Mr. Thompson to be so silent. Perhaps a blog of some sort.... since this IS a Pink Sheets stock... a little more communication would be prudent.
Kinda hard to believe that Kim can't at least put SOME kind of information out.... nothing out for quite some time. Announcing the advisor doesn't count as a business update....
We've got some serious "A GAME" players on board. Good to go!
I'm staying long too! Although they need to slow down on the press releases... it's getting overboard.
low float and huge revenues sounds good
It seems she "quit" over her own embarrassment regarding her own poor job performance...
That, to me, does not trigger the "for good reason" clause in her contract. I could be wrong.... but in any case it likely will not affect the business operations in a major way...
I called DPDW today and asked for their Investor Relations person and they said it's Gene Butler and sent me to his voicemail.... they also stated that he went home early today. I called at 4PM Houston time. If he calls me back I will post the results of my conversation.
I concur. I also think that Ben(IR guy) mentioning that this is a "pink sheets" stock... means that it may attract a lot of short term investors that lurk around the OTCBB/Pink Sheets markets... so turbulence is possible.
I continue to add shares at this level and employ my own trading rules. This is going to be one heck of a ride this year.... Good luck!
I will keep adding shares.... added a few thousand more today. KBLB will get it done this year no doubt. Frankly I'm glad things are relatively quiet right now.... it allows me more time to add shares.
I've been following this stock for about 4 months, and this board for a few weeks. I've been impressed with the amount of great info you have provided... including the call to the CEO himself... nice work.
I've never felt better about any one stock ever....