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*cough cough*
The madoff investors were receiving enough profits from their “investments” to air a sense of legitimacy...
Scientists are usually brimming with ideas.
If they brought in someone who knows the field good, I’m sure they found someone who has a lot of very quality ideas for what they are doing.
It’ll be exciting to see what he adds to the research foundations that KBLB and their previous scientists have accomplished so far.
I see a lot of military application for strong spider like thread, from survival aide, fishing, wound repair, etc.
I think they are thinking very small right now, but the future uses of a product that has a strength mimicking Kevlar could be beneficial for many things.
Important read
On April 16, 2020, we announced that we successfully developed a new technology platform, based on a non-CRISPR gene editing knock-in knock-out technology. CRISPR is the most recent and efficient gene editing technology2 CRISPR stands for “Clustered regularly interspaced short palindromic repeats.” This is our first knock-in knock-out technology of essentially pure spider silk transgenic. This new system is built on our eco-friendly and cost-effective silkworm production system, which we believe is significantly more advanced than any competing methods. Knock-in knock-out technology allows for the targeting of specific locations and genetic traits for modification, addition, and removal. This new capability will accelerate new product developments, which should allow us to bring products to market more quickly. This capability also allows for genetic trait modifications that were previously impractical, creating opportunities for products outside of silk fibers and increased flexibility in production location. Based on our internal studies, the new technology has a purity rate that is significantly greater than Dragon Silk, a fiber that we developed with our previous tools. Samples of Dragon Silk has already demonstrated to be tougher than many fibers used in bullet proof vests and we expect that the increased spider silk purity, created using this new approach, will yield materials beyond those capabilities. This new system utilizes our eco-friendly and cost-effective silkworm production system, which we believe is significantly more advanced than any of the competing methods. We have already begun the validation process for the first of these new transgenics and anticipate that U.S. production will be possible as early as 2022 or 2023.
This does not affect our current work of overseeing our production facility to ramp up our production of Dragon SilkTM and Monster Silk®, as these fibers are designed to address their own markets.
In August 2019, we received authorization to begin rearing genetically enhanced silkworms at our production facility in Vietnam. We received our investment registration certificate for the facility in April 2018. In October 2019, we delivered the first batch of these silkworms and began operations. These silkworms will serve as the basis for the commercial expansion of our proprietary silk technology. On November 4, 2019, we reported that we had successfully completed rearing the first batch of its transgenic silkworms at the Quang Nam production factory. Seasonal challenges in late December 2019 slowed production operations and the restrictions imposed due to the global pandemic further delayed our operations in 2020 by about 4-6 months. However, we were able to resume production operations of our specialized silk in October 2020, once travel and work restrictions for COVID-19 were lifted. In January 2021, we delivered the first sample silk shipment from this factory. We believe that we will be able to target a capacity of 40 metric tons of our recombinant spider silk fiber per annum from this factory once it reaches maximum utilization. This capacity will allow us to address initial demand for our products and materials for various applications in the protective, performance, and luxury textile markets.
29
On November 23, 2020, we entered into a Strategic Partnership Agreement (the “SPA”) with Mthemovement Kings Pte Ltd (“Kings”). Kings is an eco-friendly luxury streetwear apparel line, part of the Kings Group of Companies and its affiliated companies. On January 25, 2021, the parties exchanged signatures for an amendment to the Agreement, which amended the procedures for termination of the SPA to only allow for the termination of the SPA by mutual agreement of the Company and Kings following a consultation period of 120 (one hundred and twenty) calendar days or such period as agreed otherwise between the parties (the “Amendment,” together with the SPA, the “Agreement”).
Pursuant to the Agreement, the parties formed a joint venture, Spydasilk Enterprises Pte. Ltd., to develop and sell the Company’s spider silk fibers under the new innovative apparel and fashion brand, trade named SpydaSilk™ and potential other trademarks to be announced. All intellectual property related to SpydaSilk™ will be jointly owned by the Company and Kings.
Under the terms of the Agreement, the Company granted the joint venture and the SpydaSilk brand an exclusive geographic license to all the Company’s technologies for the Association of Southeast Asian Nations, in exchange for a 4-year firm commitment to purchase up to $32 million of the Company’s raw recombinant spider silk over the 4-year period, with an initial payment of $250,000 to the Company. Kings is projected to purchase an additional $8 million of material in the fourth year, but there is no guarantee that such additional purchase will be made.
In consideration for its ownership position in the joint venture, the Company shall issue 1,000,000 shares of its common stock to Kings. The Agreement has a 60-month term, which can be terminated at any time by mutual agreement following a consultation period of 120 days, or such other period as agreed by the parties. If applicable, the parties will honor their share of committed expenditures of the joint venture and King will repay the Company any unused brand funds.
2 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5131771/
https://www.yourgenome.org/facts/what-is-genome-editing
https://ghr.nlm.nih.gov/primer/genomicresearch/genomeediting
The Report of Independent Registered Public Accounting Firm to our financial statements as of June 30, 2021 include an explanatory paragraph stating that our net loss from operations and net capital deficiency at June 30, 2021 raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Plan of Operations
During the next twelve months, we expect to take the following steps in connection with the further development of our business and the implementation of our plan of operations:
30
? We plan to develop a line of fabrics and apparent under joint venture with Kings, creating a line of fashion wear under the Company Spydasilk Enterprises Pte. Ltd with trade names including SpydasilkTM, SpydraTM, and others.
? We plan to continue the expansion of our production operations at our facilities in Quang Nam, Vietnam in accordance with our investment and enterprise registration certificates, including the planting of additional mulberry fields in collaboration with local farming cooperatives and the hiring of additional direct staff for our factory as needed.
? We plan to accelerate both our microbiology and selective breeding programs as well as provide more resources for our material testing protocols. We spent approximately $209,000 over the last 6 months on research and development of high strength polymers. In the first half of 2021, we directed our research and development efforts on growing our internal capabilities; we plan to continue to dedicate our efforts in 2021/2022 to grow our internal research and development programs.
? We will consider buying an established revenue producing company in a compatible business, in order to broaden our financial base and facilitate the commercialization of our products; as of the date hereof, we have not had any formal discussion or entered into any definitive agreements regarding any such purchase.
? We will also actively consider pursuing collaborative research opportunities with both private and university laboratories in areas of research which overlap the company’s existing research and development. One such potential area for collaborative research which the company is considering is protein expression platforms. If our financing allows, management will strongly consider increasing the breadth of our research to include protein expression platform technologies.
? We plan to actively pursue collaborative research and product testing opportunities with companies in the biotechnology, materials, textile and other industries.
? We plan to actively pursue additional collaborative commercialization, marketing and manufacturing opportunities with companies in the textile and material sectors for the fibers we developed and for any new polymers that we create in the remainder of 2021 and going forward.
? We plan to actively pursue the development of commercial scale production of our recombinant materials including Monster Silk®, Dragon SilkTM, SpydasilkTM, and SpydraTM
? We have initiated and plan to accelerate our efforts for large scale U.S. production. This work will include the research and possible production of a new transgenic tailored specifically domestic production.
A smart next step may be in looking to enlarge the size of their producers.
Wouldn’t dilution show as an increase in outstanding shares?
Seems like the only ones really selling right now are the ones hoping to push the price down.
But that’s ok, nothing says “buy me” like shares that have been pushed down super cheap from the greedy!
Thanks love!
Spider silk, spider silk, does whatever ah spider silk does
Can you swing, from its web, we don’t know, it hasn’t been tried yet
Watch outtt it’s ah spider silk
If spider silk is stronger there would be a lot of entities out there who wouldn’t want the world to know.
For instance, countries who are looking for a leg up in terms of military apparel, suits that may add additional protection from shrapnel or other military training needs.
Oh you mean to tell me in hand to hand fighting these suits are less likely to tear? Yes i want to supply my soldiers with that
Sounds like there could be many reasons to keep it secretive, not to mention I’m sure keeping their dna technology for the silkworms is a chore in itself.
I for one am interested to see what KBLB can do.
The concept is great, but as with any new technology, hashing out its practical uses can be hard on investment money.
I still see a strong future here though
We use the term genetically engineered spider silk instead of synthetic spider silk because these materials are not synthetic; they are made by genetically engineered silkworms and the fiber is composed entirely of protein produced naturally by the silkworm. They are synthetic spider silks only in the sense that they are not being produced by a spider, but by a much more efficient organism.
It just had a rise from 9’s to 12’s, considering it was down trending, that sounds like a short term break to me?
Lying and mob mentality is actually one of the biggest parts of democracy.
Actually pertains pretty well to stock boards too :(
“Taking too long to run”... isn’t that an individual investors problem? The fact the stocks ran is the point.
Maybe you forget, this market is filled with company’s that end up never getting anywhere, and thus, not making money.
Not running soon enough is significantly better than never running at all.
Especially when we are talking about people’s livelihoods in a capital society.
Since they decided to sell shares, its even more important that they give their shareholders an update on what’s going on.
They are most likely still scraping by, but are they selling to expand or are they selling to just maintain the course?
Jim’s been out of touch for awhile and I have nothing to contribute in the board while he remains silent for so long.
We will see what happens, I have faith, but now I’ll have to believe from the sidelines and cheer.
Wish he would tell us something, although I do hope he is just trying to plan a good thank you for his investors that I’ve kept him and the company afloat this long.
Covid wasn’t easy to survive but they did. He shouldn’t take advantage of the shareholders who kept him afloat through rough times.
But we shall see!
False alarm? Or a test?
You decide
Someone took a power dump, hope the toilet paper didn’t run out
Guessing if no one is contesting the custodianship that means Nouv’s grow operations are dead?
I’m curious to know what they are doing with their operations now, or does this pretty much make Nouv a shell?
Do you want to give out little surprises here and there that only slightly awe your crowd? Or do you want to Oprah it, and give out one big ass present to those you are gifting?
Think about Jim’s actions and what reasons he would have to wait, if it was going to benefit him in anyway, he would wait till the last second when anticipation is greatest, and thus the payoff.
But maybe I’m wrong, maybe he won’t get current and he is on the verge of losing his house, we won’t know until it happens.
He’s been staying silent for a reason, and we can only have faith in him
The deal may have been reversed? Maybe “beyond meat” was refusing to sharpen their pencils on their stock supply to his franchises?
Getting in ground floor on a new menu for a rising place would be a sweet deal for beyond meats recognition in the everyday meal appeal.
But maybe they feel like they have the upper hand on Illegal Burgers because they are still fledgling.
Either way, Illegal Burger will grow, it survived covid and now will have “slightly” smoother sailing in their market demographic.
But time will tell who’s right, false beliefs will push only so far before the truth lyses its way out.
Nixon just needs to “keep on keepin on” cause maybe he knows, “life’s a garden, dig it”
So WCVC 2021 Keep on keepin on
I don’t think “beyond meat” is going to make or break their non-meat options.
Plenty of vegans just want vegan options, they don’t run out and say, “I’ll only eat beyond meat.”
But the supermarkets seem to be selling beyond meat ok, kinda pricey for my taste though.
If it’s going to be a meat deterrent, they need to find a way to make it cheaper than real meat by a chunk
Thank you for your posts trader53, without you we would have investors who don’t know what to do with their money and would probably end up in a ponzi scheme somewhere in Nigeria with a prince of a sand dune leading them.
Go WCVC and go you!
Their avocado burgers look fantastic, with a slice of pineapple on them sumbitches, I want some...
He probably has no plans on filing, why would he do that when clearly he has nothing to gain from it
*eye roll*
I imagine that if the market maker signals ARE real, they would have some sort of signifier indicating it’s one of them.
I imagine they can tell when it’s a random person doing it and when it’s one of them doing it, maybe a unique number of shares sort of like an ID tag.
This is pure speculation but I imagine it would be similar to this...
Trade goes off with shares (34465:unique to a specific market maker)
Then a follow up trade with a signal immediately afterwards (911,500, etc)
I imagine these signals would change on a regular basis, if they did not change the SEC would be able to clearly show they are manipulating the markets based on certain signals.
By allowing any trader to make a signal, but not posting the unique ID tag, it would also help throw the SEC off.
Again pure speculation and it may be way more complex than even I’m hinting at.
Either way, a signal may be real or it may not be.
With all that said, I believe Illegal burgers has something coming soon enough, and before or after that something comes, I’m sure the price will reflect everything it has going for them currently.
They are way undervalued in my opinion, even with their reporting a lagging behind.
Their 7 brick and mortar restaurants are actually inflatable party houses, clear scam, one safety pin and the whole operation blows up
*heavy sarcasm*
Gonna have to wait till the panic selling ends and all those who have been pushing for fire sale prices to get their pockets full. By the end of the week I’d think we’d start stabilizing and climbing.
IMO
Because the burgers are selling too fast to get moldy duhhh
There are NUMEROUS companies who don’t respond to every whine and temper tantrum that shareholders throw...
I read an article awhile ago that said for numerous years companies pandered to the many whimpers of the shareholders and they were basically never appeased. In fact, it actually noted that most the time pandering like that ended up hurting the company more than helping. The article also mentioned it was more appropriate for the people running the company to put the needs of the shareholders on the back burner for the sake of FOCUSING ON THE COMPANY.
And yes I agree, if I owned a company and had to listen to you go on and on about communication, like I needed to have a phone direct wires into your house to appease you, much like the presidents “red phone” I’d probably just sell the company, or hire an assassin to get rid of someone being such a huge pain in the arse.
I’m more preferable to Jim doing the latter considering I’m stuck reading your posts here...
But go ahead and keep talking about how he deserves to give you communication about every little thing he does, and rather than b1tching through the company emails to them, you just sit and spread it around here.
OR, and this is a big one... (I think this is how most speculation traders operate too) you can let him run the company and ASSUME he is going to be taking the best steps he can for the company’s future. If you take this route, the silence will create lows, but when bug announcements come, it’ll spring high.
But maybe you need your money absolutely right now, in which case, take your money and run away Simba, run away and never look back!
*has no interest in the company surviving or being profitable yet seems determined to get a response from the company*
I’m reminded of the episode of married with children, when the whole family kept telling Kelly she was only getting fools gold, of course as soon as she tossed it to the wayside, they would take it for themselves
Schadenfreude would be permissible here, right camelion?
Hopefully Gene doesn’t forget the black garlic, nothing worse than being beaten by Skip Laroosh because your stoner son forgets to pack an ingredient!
That made me literally LOL...
On a side note, Illegal Burger and Kalaka seem to be doing well according to their social media presence, of course the goal of those platforms in general are to make yourself seem better off than you actually are (looking at you Facebook)
Illegal Pizza seems to be just idly standing by in the meanwhile (but it’s only one restaurant so let’s give them time before we criticize too much)
Illegal and Kalaka have released a few new menu items, which is good to see, especially with the rumor mongers trying to make it seem like they are going bankrupt (how could they afford new things if they can’t pay for existing things?)
And of course the fact all their toxic debt is gone means the only thing sinking the price is speculation, which is actually a good thing because it means speculation can drive it right back up.
First glimmer of real hope and the spring will release, meanwhile it just keeps compressing nicely.
Y’all do you.
WCVC long
And thus the capitalism structure crumbles
Way to go penny hopper, you single handedly destroyed capitalism
GG
A drop that low would make me pretty happy, my boat will get much heavier if they push the price down any more
Hope the government stops twiddling their thumbs soon when it comes to finally removing cannabis from the federally restricted list.
Whole lot of talk for something that, as of yet, won’t be affecting WCVC at all.
I’m not a fan of greasy burgers, are you?
Sounds like a good way for someone who is just a regular trader to try to trick people out of their money.
I could put an order in for any of these and try to get others to do what I want.
Don’t watch for “signals” if they are using them, they would always be changing so regular traders can’t figure out the pattern.
WCVC will do its thing, when is the question on everyone’s mind, but no one has the answer.
nixon is being quite and if something happens, it’ll be out of the blue.
This isn’t going to take off for awhile IMO.
As you said a lot of people holding a lot of shares.
This will probably drop a bit in price still before it goes back up, which I’m sure it’ll go up, but probably take longer than most people would like.
Best you can do is keep putting BIDS in and get them to sell into you.
That’s what I’ve been doing. Every level lower is a great chance to average down
WCVC LONG
They spent a bunch of money setting their brick and mortar restaurants up, and the good news is? That dilution is done and paid for.
They hit rock bottom in price over a year ago and have made a partial recovery BECAUSE the dilution is over.
The fact they were able to remake the el Senor sol without dilution is a boon to investors as well.
The fact they survived covid as the economy is slowly recovering, is another boon.
If you don’t believe in the company, any or you, there would be no real reason to be here with shares in your account right?
Because t53’s whole process is chart and volume based... everyday adds a new piece of datum to add to the charts collection of data which reflects the long term outcome..
However as MrBags said, the high volume mark is still .014
Guess what? As the weeks pass, it’ll add a new metric to the chart which will probably change again!
It’s almost like the stock market is ever changing!
But I’m sure you are just new to the stock market, you sure act like it anyways
Seems like there are a lot of outside sources trying to keep WCVC down, I wonder why?
I seen Burger King remodel their marketing campaigns a couple times for some of their menu items.
I wonder how McDonalds has been doing with their revenues and dealing with highly processed food.
I’m sure those companies are not to happy that companies like Illegal Burger made it through Covid without closing down.
Seems like a couple people, even a moderator for the forum, are hoping that WCVC doesn’t make it, but I wonder what they have to gain from them closing?
The world is full of mysteries, but despite these people pushing wcvc down, I still think it will succeed.
But hey, who knows.
WCVC long