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This is a red flag. What Nasdaq company would of not posted the transcript of the meeting. They need to forget update until they have production and product sales. Or they will be shorted off the exchange.
Is this the old email from right after the rs announcement? There is no date. Not that things Ben says are always correct.
Unfortunately I think you have a viable scenario mojo. I hate to say it but no one with and business sense would tank a stock on a roll especially when you say you want to get to the Nasdaq and your sp is too low. He may lack skills in getting the idea into production but penny stocks are his area of expertise. I thought maybe at least the all time high, but could be as low as .30. A lot of people here have supported him. Held their shares and support the price. It would be sad. I for one think .15 is not a good return.
Or they did a favor and released it just before they were bought. The deal was probably in the works. Perhaps they owned shares as fair trade for what they did for Kim. Still think they may have made cloth for shoot packs. How would being a partner to a small start up that can’t get financing influence Milliken. It all goes back to lack of financing. I think only the people on this board believe this can be done.
If Milligan and KBLB would merge and we are on Nasdaq it would allow Milliken to list as subsidiary of KBLB. I have seen other companies do this. Private companies merge with listed companies. But Milliken is a private company that doesn’t seem interested in listing and could afford to do it and turn a profit. And KbLB doesn’t currently have funds to produce its product. I could see the go private to merge with Milliken. But a buy out would be more Milliken style. Not sure I buy that they are interested in KBLB.
You have a strong and positive support for Kim and KBLB. I hope that this wrong. Your optimism has kept be from selling many times. And it has afforded me a lot of pleasant dreams. If we don’t crash I will not lose money but will not get to a break even point I had calculated for leaving the money here instead of investing elsewhere. My call. I think a poster called me a loser a few months ago for continued support of KBLB.
He probably will. We will all get .35-.50 and he will go private and get that 8.5 or more with a buy out. That’s an $8 profit for him. The kind of return all of us who have held shares since before the Notre Dame announcement. We still may break even on our invest after holding all this time. The past 10 years have paid little in a savings account. Lol
Private companies have boards.
I guess this scenario makes the rs timing make sense. It has seemed to me since after the Polartec announcement that Kim was making odd moves. Price goes up and instead of riding it he announces a rs. Then after the shareholders meeting he waited awhile before PRing it. Just a couple of things. He ranked the price and has done little to try to get it up but does prop it at .20. If this is true going private offers would probably be around.50. Not the $1 I hoped for for years. As all the we are up 400% posters are happy with .20s then .50 would be great. Makes a lot of sense. I am sorry for all of you who supported so long and will not see the fruits that could of been. I guess I’ve felt that this wasn’t going where I had hoped for years after the rs and Nasdaq focus instead of production.
Well said.
Up .15 but down .28. That is .85 from a dollar. We all wish it were $1
Doubt that anyone pays faster than 30 days and since this is unproven thread we may have to wait until the thread is weaved to determine payment. Or worst case supply thread for free to get them to try it. Uplisting is not going to help get our product in materials. But at least we have a factory and are at a point to see if we can mass produce the silk. If people buy on speculation then will see an up tic. Time will tell.
Thanks. Appreciate your reasoning.
The contract you are talking about surly exists but the type of contract that results in KBLB getting paid for spider silk has never been pr by the company. Could be drawn up and ready to go but who pays to draw up a contract (other than an R&D like the army) with a company that is not making product?
Thanks for the explanation. So based on this, do you think that moving to the Nasdaq will suddenly get us financing?
Sure hope so.
You are 100% correct and Kim said as much at the meeting...
Kim-“I found the Holy Grail and I thought that I’d get the backing of all the big VCs who can’t wait to dump money into the next big thing in biotech. Unfortunately, the worm method had just been tried and it failed miserably so I was forced to go to the retail market.
No one wants to finance it in Kim’s own words. What makes everyone think if rs tank the price further someone will think this will work. I have been struggling with this line of thought since the rs was first proposed.
True but not interested in KBLB. As Kim stated. That should be a major red flag. Why?
I always figure that Polartec was probably the company the did the shot packs when Warwick could not. They should have the ability. This would qualify as a partnership and this could lead them to enter a contract if we can make silk. But based on Kim’s statement it seems many think it won’t work.
I agree with the point about if this product is so world changing then why can’t we get financing. All the talk about uplisting need is crap. OTC companies with a new drug or product get financing. Price jumps on product success and they go to Nasdaq. The fact that we don’t seem to be able to get financing probably says a lot. Nothing changes about the product or how the company is run with a listing on the Nasdaq. We are still the same company with the same product. That did a dumb rs to look legit
I think Polartec is the sports apparel company that Kim mentioned. I am beginning to fear that the only way this share price improves is if he gives up on Nasdaq listing and focuses on building the company. Look at what the Nasdaq has done to GE and so many others. They will short on a bigger level. Giving up all the positive to up list and be treated worse is not a good move IMO
Kim killed all investor interest with the rs.
Know where you are coming from. Have held all these years hoping I had an investment that would allow me to make life better for my family. I guess it is like buying a lottery ticket. Prayers to one of KBLB’s long term investors. Really appreciate your input over the years.
400%= .15/share. But 400% looks like a jackpot and .15 not so much. Not everyone invested here could afford millions of shares. Good return on investment but not what it would have been without the rs. We could if hit $1 or close.
This should trigger a 10-20mil day. But no one wants to invest till the rs damage is done. For us longs. We will just lose. But it is good to see our belief in this tech come to life.
That’s because Kim decided to announce a rs. I agree with you and I truly believe it would be if he hadn’t made the very bad decision to rs before establishing verification of mass production. It may take years before this recovers. But news I have been waiting for about 10 years.
If KBLB could attract financing it could get a name. But since they have never been able to attract decent financing no big names and no great investors support. Kim genius doesn’t seem to be in the area of bring a product to market.
You have noticed that the share price is .224,correct.
Ray this is an established production format, for centuries. The product will be new if there ever is a product. Vietnam has the knowledge to do silk production but we have been trying to establish our twist for 6+years. And somehow we didn’t bother to attract any financing. Worries about rs as a means to raise money will require a lot more than board members. That we keep acting like a paper company and not a manufacturer is killing the stock. Nasdaq will not get us investors unless we prove something to invest in here.
You will be the only one. Seems the only thing management of this company does is mislead and miss self imposed deadlines.
This the state of American manufacturing with no reinvestment in renovation and we complain about losing jobs. KBLB seems to be using this format. All those years and no real financial backing. If this ever works out I will be shocked.
My guess cocoons to thread. Time will tell.
Agree. Dreaming if you think this not going to drop on Nasdaq. We will pray for the OTC days when we lost pennies.
Why bring it down before the split it is going to tank again after. Other than that everyone on this board would love to all those things happen. People have saying they will next month for the last 5-7 years. If we are allowed to make guesses. He ranked the price to control selling. Hoping that everyone holds their shares like we have for ever. Nasdaq will not stop the shorts. They live companies with a weak financial. They will eat us alive. I agree with mojo. Build the company first.
Come on, he caused it with the rs. And wasted what I thought was the pr, expansion in Vietnam to try to offset it. Might have worked if he had financing of some sort. Said he start looking after the shareholders meeting, he had nothing. He supports .20 because he would lose all chances of an investor. Up listing is not going to fix this mess. Shorters will sell him right off the NASDAQ. Build the business and the NASDAQ will be there.
There have been many whispers over the last few years about this but the military connection as stated by KT at the meeting is not moving forward. So if on October 1 they again became interested it wanted to fund a US based facility it would be a couple more years. Rome wasn’t built in a day. These all things that may happen in a couple years. These are things people have suggesting for about 5 or more.
Sell at .22 or hold for .22 not sure there is a good move anymore.
If he gets to a dollar after to saying he is producing and declares a famous partner as many have talked about for years. If that actually makes $1 a lot of people will be gone. He won’t be able to hold that price with that rs hanging out there. Every rs I have been involved with has resulted in a price about half or more of what it was before the split. The market will sell it back below..20. If he can really mass produce he may, in a couple years, be able to get the price equivalent to $1. He will have used all his ammo. So time is all he will have to work with. I can see no way this works out as we all hoped.
Based on contact with other investors and the lack of shares being traded. No price movement on news. Stuff like that.