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<< then you go a completely one sided harangue... >>
So when the devil makes up a good-sounding lie, you should just agree with him?
<< as long as those issues are of a nature thats fairly current >>
That is a bunch of BS and you know it.
I have been posting issues over the past few days that have appeared in the recent 10-K (posted just 5 days ago), and have been attacked again and again.
Almost everybody knows that there are massive issues with the company, and that is why the stock price has dropped massively this week.
It has nothing to do with whether the issue is current or accurate. If it doesn't spew the fairy tale BS rainbows and unicorns, then the person is attacked.
<< you are just a miserable POS >>
And that is EXACTLY how the arguments always end with the rah rah pumper cult. Since you can't refute the facts, you will then attack the person.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC 10-K filing (filed on 1 Apr 2024):
<< When was the last time you looked at both the pros and cons of investing in KBLB? >>
I look at both sides all the time. KBLB is a POS penny stock run by a Douchebag CEO that lies all of the time. He has continuously stuffed his pockets full of money while sucking the company dry. He is a kniving POS. There have only been 2 Shareholders Meetings in the decade and a half that this company has been public. In the 1st meeting, he gave himself 2 Series A shares (worth 400 MILLION votes). In the 2nd meeting, he tried to reverse split all shares EXCEPT his own 2 Series A shares (which would have given him 95%+ control of the company). He gives himself a 6% pay raise EVERY YEAR (even though the company hasn't done anything of consequence for 15+ years). He gives himself a 20% bonus EVERY YEAR. He has given himself 100s of MILLIONs of shares over the past decade and a half. He bought land in Texas and had the company pay for it. He has given himself a golden parachute if he fires himself. He doesn't hold annual Shareholders Meetings (even though he is legally required to). He just gave himself another Series A share (worth 200 MILLION votes). And the list goes on and on and on....
<< Someone asked you some simple questions the other day about the purpose behind your relentless attacks. As usual, you chose to skip over it >>
Because this board isn't about me. This board is for discussing the company KBLB, SEC filings, PRs, share price, competition, industry, its employees, etc. It isn't about its board members.
I understand that the main strategy of the rah rah pumpers is to attack anyone and everyone that question or oppose KBLB. There is a name for that - character assassination. It is an attempt to try to scare them away from the board or to distract from the actual merits of the evidence that is presented and shift the focus to the author. It might work for some, but won't work against me.
Thank you for your very uplifting post. I very much appreciate your response. As you state, it is very smart to always look at both sides of an argument (but that is anathema to the rah rah pumpers who only want you to listen to their BS).
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming 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
****NEWS****KBLB DOWN 12% ON HEAVY VOLUME****
This is the 3rd day in a row that it has dropped dramatically.
Is it the Douchebag CEO dumping shares? One of his minions? Or one of his rah rah pumpers?
<< Does anyone know for sure if Kim is back yet? >>
I doubt that he is back.
The PR last Friday stated that he was in Vietnam "working to prepare". So they aren't even preparing yet. They are "working to prepare". And what are they "working to prepare"? The "launch of the .... spring .... trials".
KBLB has stated that they will need to get a new business license for the new facility and finish renovating the new facility. That all needs to happen before the trials start.
<< I just talked to Ben >>
First, Ben is an idiot. His word is useless. He has been wrong time and time and time again.
Even one of the rah rah pumpers stated "i dont believe ben has a clue what he is talking about" and "what can you expect from someone who does most of his "work" from the basement of his house while watching cartoons and sipping margaritas..."
Second, didn't Ben tell someone on this board that he hasn't been paid by KBLB in years?
****NEWS****ONLY 1 FULL-TIME EMPLOYEE ADDED IN 2023****
With all of the talk about hiring personnel over the last year, one would have thought that KBLB might have doubled or tripled their staff.
<< I have never ever "dumped" one share. >>
That is a blatant lie. You even admitted to dumping shares on iHub.
Your record shows that your word is worthless....
Is that the Douchebag CEO dumping shares?
Or is it one (or more) of his scumbag rah rah pumper minions?
Remember, if someone is telling you to buy or to hold, then they are probably dumping....
****KBLB DOWN 12% ON HEAVY VOLUME****
The sell off continues....
*****NEWS: DOUCHEBAG CEO GIVES HIMSELF ANOTHER 200 MILLION VOTES*****
He also created another 200 MILLION votes that he can give himself in the near future.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315224012374/form8-k.htm
<< Up 177.59% >>
So after a decade and a half, the share price is (supposedly) up 178%. And it sounds like you are proud of that. LOL.
First, don't worry, the share price will continue to fall through the year as people realize that this time is no different than all of the other times. And then once the Douchebag announces the next dilution, it is game over for investors.
Second, for comparison, someone could have just invested in the NASDAQ and it was up 690% over that same time frame.
<< Funny how the bashing crew crawls out of the ooze when the share price is down >>
****NEWS FLASH****
The share price has been down for a decade and a half.
****KINGS/SPYDASILK ENTERPRISES REMOVED FROM PLAN OF OPERATIONS****
KBLB has removed Kings & Spydasilk Enterprises from their Plan of Operations in the most recent SEC Annual 10-K, which means that the Kings deal is probably dead.
2023:
****NEWS****ONLY 1 FULL-TIME EMPLOYEE ADDED IN 2023****
With all of the talk about hiring personnel over the last year, one would have thought that KBLB might have doubled their staff.
<< Typical drop before a great news PR comes. >>
Here are some other BS statements for you and the rest of the rah rah pumper minions:
- This is a great a buying opportunity for smart investors!
- They're trying to shake out weak hands.
- Focus on the long term!
- I just doubled my position!
- You just need to be patient.
- If you sell now, you'll regret it later!
- Paper hands always lose!
- MMs are loading up.
****NEWS****KBLB DOWN 17% ON VERY HEAVY TRADING****
The drop is probably from the horrible 8K (where the Douchebag CEO gave himself another 200 MILLION votes), the very disappointing 10-K (no production, no revenue, no business license for new facility, the Douchebag CEO stuffing his pockets with shareholder's money, etc), and a realization that the PRs were all forward-looking BS.
<< Hopefully tomorrow he will have something positive to report >>
Maybe he will congratulate Spiber on their upcoming IPO. LOL.
<< What's with the drop today???? >>
Shareholders are realizing that the company is full of BS.
<< I asked Gemini: most cost effective spider silk production model >>
I just asked it the same question and it came up with a different answer. Not only that, but it didn't mention KBLB at all. That makes it obvious that you steered the AI towards what you wanted to hear.
*****NEWS: DOUCHEBAG CEO GIVES HIMSELF ANOTHER 200 MILLION VOTES*****
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315224012374/form8-k.htm
<< Did they sign the second business investment license yet? >>
Obviously not. Thanks for proving my point. The 2023 SEC Annual 10-K was filed on 1 Apr, so if KBLB submitted the business application as they "expected", then it should have been included in the Annual 10-K filing.
And that means that the "Spring" trials will most likely become the "Summer" trials, since the trials are being held at a location (Lam Dong) that doesn't have a business license yet and is being renovated.
<< Why would something announced in 2024 show up in the 10K covering 2023? >>
Here let me help you understand that....
Because KBLB filed in Apr 2024 and there is a special section in the 2023 Annual 10-K for "Subsequent Events" (for events that happened in 2024)!
Below is the Subsequent Events section that was included in this year's 2023 filing. As anyone can see, they included many things that happened in 2024. But one thing that they didn't include was anything about Prodigy Silk. Since opening a new subsidiary is a major event, it should have been included. Since it wasn't included, it seems obvious that the subsidiary hasn't become "official" yet.
<< Another round of shares >>
Are you talking about yesterday's filing?
https://www.sec.gov/Archives/edgar/data/1813814/000119312524084762/d786821ds3.htm
****ANOTHER 200 MILLION VOTES CREATED BUT NOT ISSUED****
It looks like the Douchebag CEO is planning to be give himself another 200 MILLION votes (on top of the 600 MILLION that he already has) "soon".
He reclassified another 2 shares into Series A preferred (voting) shares (each worth 200 MILLION votes), but only gave himself one.
In other words the A/S for Series A (special voting shares) has increased from 2 to 4, and the O/S for them is now 3.
****NEW SUBSIDIARY, PRODIGY SILK, NOT MENTIONED IN LATEST SEC FILING****
About a month ago, KBLB stated that they were creating a new subsidiary called Prodigy Silk, yet it doesn't show up in the recent SEC Annual 10-K for 2023 that was just filed last week.
It should have shown up in the "Subsequent Events" section.
That means that the subsidiary probably doesn't exist yet. Since the "Spring" trials are scheduled to take place there, it just adds more delays....
Wash, rinse, repeat....
According to the 2023 SEC Annual 10-K (filed the other day), the Douchebag CEO earned over $400,000 in interest alone last year (in 2023). And that amount goes up exponentially each year thanks to the power of compounded interest.
I mostly just copy and paste statements from KBLB documents, so if anyone is twisting anything it is the Douchebag CEO and his cult of rah rah BS pumpers.
<< Did KBLB not include the silk in their 2023 inventory? Is the hank of silk much smaller than we estimated? Is KBLB using a very low value per kilo of their silks? >>
I would think that my previous post ties in with that somehow, but don't know how yet.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174158716
<< before someone pipes in and says it was happening in Lam Dong, they didn’t lease a facility there until this year >>
Exactly, they have only had the place for about 2 months. They moved in on 1 Feb 2024, and are now renovating the facility.
<< and it appears to just be a building about 1/9 the size of Prodigy’s buildings with no land for mulberry production included. >>
That is also correct.
The facility in Quang Nam is about 6,000 square meters and has about 7 acres of land.
The new facility in Lam Dong is only about 700 square meters (or about 85' x 85'). That isn't very big for a "production" facility.
From the 2023 SEC Annual 10-K filed yesterday:
KBLB is still paying off the Notre Dame loan (from Mar 2019). It was originally a 2-year loan due around Mar 2021.
From the 2023 SEC Annual 10-K filed yesterday:
<< perhaps someone has exercised their warrant rights. >>
WRONG AGAIN!
See my previous post for more details.
<< Try Warrants >>
Once again, you were WRONG and I was correct.
The dilution of 5 million shares was used to pay for services. That would amount to almost $1/2 MILLION.
More dilution to come....
Wash, rinse, repeat....
*****BREAKING NEWS: DOUCHEBAG CEO GIVES HIMSELF ANOTHER 200 MILLION VOTES*****
The really sad thing is that this isn't an April Fool's joke.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315224012374/form8-k.htm