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Mojo,
You quote, "all the proof in the world isnt enough for some dreamers..."
If someone wants to spend his/her money investing in this company, why can't they? Plus, HOW DO YOU KNOW for sure that Es1 OR ANYONE ELSE ON THIS BOARD IS A DREAMER. Prove it!!!!!!!!! I am waiting....
Like you and Manshoon constantly espouse, "I WANT PROOF." Well, so do I! Prove to me that all of shareholders in this company are dreamers. You and Manshoon couldn't prove this if you tried!
You state, "which is exactly why i dont bother trying to prove anything..." You don't bother, since you cannot prove anything, just like we cannot prove whether or not this company WILL succeed. We have dreams, and as long as we know we have a good CEO (IMO), and we have a game changing technology, and we are WILLING to accept the risk, then we can dream all we want.
For some reason, you and Manshoon make us dreamers your obsession. Do you fear that this company may succeed? I think so, or you would not be so involved in EVERY syllable anyone says.
Dream on brothers....
Great post, great post, great post, great post, great post.....
Whiteface88,
Your question to mojo is right-on...."But, why expend so much time and energy trying to convince those who believe not to believe. Why not just leave them in peace and let them believe?"
EXACTLY...a question I have been asking of Mojo for a year and a half and one I HOPE HE ANSWERS....
Great post Whiteface88...
Mojo,
I think KBLB is "that pot of gold at the end of the rainbow..."
SOMETIME in 2013, when full scale production begins, the company will be on its way. All we need is the PATIENCE to allow that time to come...
Nobody2 said it perfectly in post # 48112, especially the last line when he says, "we maybe a development stage company BUT I would argue at a mature stage of development .."
That analysis is very perceptive and accurate (IMO).
Manshoon,
I am fairly certain that nothing "big" will occur this year. However, full scale production will begin sometime next year (IMHO). I believe that this is the course of action.
I am sure that this will not satisfy you or Mojo, but as I have said over and over, such investments require PATIENCE. If an investor is not willing to exhibit patience, then this is not the investment for him/her.
I was invested in one penny stock years ago. The company went into production too soon, could not keep up with the demand, and went out of business.
I am not a scientist, but common sense tells me that it takes TIME to reach a point where sufficient quantities can be produced without jeopardizing the company. Patience is a virtue, one lacking today in the investment world.
Boldcab,
Great post...We CAN celebrate a 52 week high all the time waiting for a certain rise in the quarterly dividend. I feel that is in the cards for next year.
Like I said earlier, I feel .19 a quarter is a reasonable amount, a yearly increase of .08 a share.
That is well-within the power of the company, and it would present no threat to earnings. Again, I feel GE will be back in the low 40's in five or six years. Along the way, we get a dividend well over 3%. Not bad.....
Phud,
I agree with you about the .19 dividend. That sounds like a reasonable increase.
As far as the time between the x-div. date and the payout date, it could be due to the tremdous amount of shares outstanding. Today, for example, 33.5 million shares traded. That is a huge amount of shares traded in one day, but GE is a huge company.
Due to the amount of investors in GE stock, perhaps it takes time for company to payout the dividends to soooo many people in America and around the world. Of course, I could be totally off base, but that is all I could think of.
Harold,
Isn't is beautiful...We get that great dividend payment today, and the stock goes up .66.
At least for today, we got the best of both worlds..GLTA
Slick,
You are correct. I just do not subscribe to restaurant stocks, although I made good money with McDonalds. They are now opening up vegetarian restaurants, so they are keeping up with growth.
Oil is the most important commodity on earth. Right now, oil stocks are on sale. They too will come back strong, like gold.
On the other hand, GE makes things the world needs, especially medical supplies. I have never had an MRI or a Cat Scan without seeing the letters G.E. pasted across that machine.
Anything related to medicine is golden, yet GE is so much more than just that. Yes, buy the best, and forget the rest!
Yes, sorry about that. I forgot about XOM. In over forty years of investing, I have found that XOM, CVX, GE, PG, KO, PEP, and MCD are, in my opinion, the best stocks in the world to own.
The beauty about GE and all of these stocks is that you can buy them directly from the company with no commissions. If you go to their websites, you can find a form where the company will take out money out of your checking account FREE each month. You reinvest the dividends, and you are on your way.
GE is the type of stock any young person should own. By purchasing it every month for thirty plus years, that person should be ready to retire comfortably. Dividends matter, and GE's is a great one.
Very informative post, Phud. I just may buy some of those bonds, since I need the income.
Stocks like GE and KO are among the best stocks in the world. As I said before, GE will be touching the low to mid-forties in five years. I love that dividend and from now on, it will continue to slowly increase, so we get a raise every year while we wait for the share price to increase.
Slick,
I remember that like it was yesterday. It sticks vividly in my mind. This is the guy who is advising Obama on our Economy.
However, I still think the company is on track to regain its mojo. Despite Immelt's left wing lunacy, he seems to be turning this huge ship around.
If Obama wins, taxes will go up big time in January to pay for Obama Care. If this happens, then all bets are off. I will sell GE the day after the election IF OBAMA WINS!!
BJ,
GE is moving jobs to China. The entire jet engine division is moving there.
The joke is that Jeffery Immelt is on Obama's Economic Committee for job creation. We have Obama saying that Romney is moving jobs to China. What a crock...Obama's main man is sending all of the jet engine division jobs to China. Talk about HYPOCRACY!!!!
Phud,
This is why it is sooooo important to reinvest your dividends unless you need them. Compounding is a thing of beauty.
GE is back on track to return to the 40's again within the next five years (IMHO). In the meantime, you sit back and collect a generous dividend.
Of course, as with all investments, they must be monitored very carefully. If the investment horizon changes, I will move on. For now,GE looks great!!!!
Canary,
Like an idiot, I did not buy GE when it was down to $7.85 five years ago. I could kick myself, but at least getting in now is better than never....
Five years from now, we will smiling.....GLTA
Slicknyer,
I agree with you 100% about G.E. I owned it for tweny years, and I sold it about a year after the last 3 for 1 split before Jack Welch retired.
G.E. is finding its footing again, and I predict it to be in the mid 30's in three years. Plus, you are getting a great dividend along the way. Of course, if you are young, it is always a good idea to reinvest dividends.
Good post....
Ocho,
You comprehend/understand what is REALLY going behind the scenes with KBLB. You and a select others know the potential of this company.
However, I just get tired and frustrated on this board anymore from the continuous blather and useless fiction which a few posters propagate. This is why Zinc no longer posts.
We are losing the reason for this board, to discuss reality NOT A WORD GAME OF SEMANTICS AND FICTIOUS OPINIONS MEANT TO CAUSE PANIC AND AFFECT THE PPS.
Maestro,
I still cannot understand why you refuse to make more money just loading up and being patient. If you hang on several years, you will make much more money than trading.
You will make your scraps by jumping in and out, but that is not a good investment plan. The future is about making money and to do this, one must be PATIENT. Trading in and out is a bad idea.
Maestro,
In Italian, this means "teacher." However, I beg to differ with your investment philosophy.
If you want to make REAL MONEY, not just chump change trading, buy as much as you can, and hang onto it for five years.
That will make a world of difference in your return. Like I have told Mojo over and over again, jumping on and off the the train does not make you the REAL MONEY. Only time and patience will do that.
Therefore, you should buy as much as you can now, and give the tree time to grow. It takes too much mental and physical effort to time the market. Jumping in and out will not change your life style. Time will.
Waitingtoexhale,
You are a smart investor. You have kept quiet and held your shares for years through thick and thin. You have exhibited PATIENCE, and now you are starting to see the results of that. This is exactly what it takes to be a good investor.
Keep up the good work.....
Ocho,
I agree with you 100%. Hopefully, now the bashers and all of the people on this board who are constantly bashing Kim will do the following:
1. Let Kim do his job without constant whining and criticism of him.
2. BE PATIENT, and do not expect Rome to be built in one day. Things take time, and the more patience we exhibit, the better off the company and the PPS will be.
3. For those of you who find continuous things to moan and complain about, move onto another stock, and give us peace.
PERIOD....
Dawn,
"...trying to buy and sell hasn't worked out for me." It usually doesn't. No one on this planet knows the best time to buy and sell. I have told Mojo this countless times. TIMING THE STOCK MARKET IS IMPOSSIBLE. Many professionals have tried and died, so how can we do it.
This is why I tell people to investigate any company well, and if you feel it has potential, then invest in it. If it goes down when you buy it (and that is a 50-50 chance), then you can buy more or sit tight. If it is a good company, it will come back. All this investing stuff takes patience, and people who jump on and off of stocks have none.
As I said several other posts to Mojo, set up a monthly dollar cost averaging plan with a balanced mutual fund (50% stocks 50% bonds) like the Vanguard Wellington Fund (Call Vanguard and ask for an application and systematic withdrawl form). They will take as much money as you want them to out of your checking account. They pay a good dividend, so reinvest everything. The more you put away each month, the more money you will have at retirement.
And, if you have extra money, keep buying KBLB at these prices.
Mojo,
You state, "you will lose every time all day long...you jump on and take the ride and get off when it's gets to your "stop"... "
Man, you make it sound so easy. If it were THAT easy, we would all be millionaires.
You quote, "It's almost always a bad idea to compare a penniless company with no sales (kblb) to an enormous, profitable conglomerate (coke)....they are worlds apart...best to stay on earth..."
The risk is much much higher in KBLB than KO, but if you have faith in KBLB as I do, then you require the same thing to be successful here as with KO, PATIENCE. Again, both cases depend on the actual performance of the company. Should the outlook change for either company, it is time to sell. This is why one must monitor investments consistently.
Quote: "So now we get to your coke investment...you were holding coke for years while it went nowhere." I NEVER SAID THAT. What I said was that I held it through two splits (250 shares to 1,000 shares).
I did not mention in that post that I did sell the stock, since its growth aspects at that time seemed tepid at best. Therefore, I did NOT hold KO for the eight years it did nothing. THIS IS WHY YOU HAVE TO CONTINUOUSLY MONITOR INVESTMENTS.
I bought other stocks when I sold KO. Therefore, there is NO SAD STORY HERE, only in your mind. I was deeply invested in the dot com era myself also.
Quote: "Buy and hold for years thru thick and thin is the way grandpa invested...those days are gone...7 years to double your investment?...I gotta tell you...that don't sound like much to me...but to each his own.."
Again, you make investing sound so easy. Perhaps you should write an investment book. I am a retired teacher, and I always showed my students how to have money by the time they retire.
I would tell them to invest in the Vanguard Wellington Fund (a balanced fund, half stocks and half bonds) and have them systematically take out money every month. The fund pays around 3% reinvested every three months.
If a person in his/her 20's puts $150.00 or more each month into this fund for 30 years, he/she will have a boatload of money (unless you have no faith in America - I do). Therefore, the idea of investing long term is still alive and well.
What do you think people do with their 401k's and 403b's? Monthly, they invest money into stocks or mutual funds. Over their lifetime, the money grows. Of course the last ten years have been hell for all investors, but that too shall pass. Therefore, this idea that long term investing is dead EXISTS ONLY IN YOUR MIND.
See, few people have the time and all the experience you do to jump in and out of investments. Most people work!
You say, "But to equate that with buy and holding a pink sheet, money losing, one man band of a company that has not been able to sell a product that they have had for 2 years....well like I said in the beginning, it just don't compute..."
You continue to belittle KBLB and Kim Thompson, but yet you are still here?
AGAIN, I ASK YOU TO ANSWER MY QUESTION WHICH I HAVE BEEN ASKING YOU FOR MONTHS NOW, why are you here? Why do you care about making so many negative comments about a company which you belittle and HAVE NO FAITH IN?
sorry, I hit the wrong key, and I submitted the post too soon.
...With KBLB, I know the product is there, but we need to give it time to develop. I too, as a long time (four decades) investor, have suffered from impatience, however, I have found that impatience spawns from FEAR, and it is fear which ruins stockholders. It causes them to make irrational decisions only to look back and say, "why the hell did I sell that stock?"
I have said this countless times here, what makes a successful shareholder and INVESTOR is PATIENCE. However, you young guys and girls today want instant gratification. You want to make lots of money in a stock immdediately.
Those selling KBLB today will look back several years from now and say, "why the hell did I sell that stock?"
Mojo,
You state, "the stock did essentially nothing for over a year after the split...but it eventually did go up with news...as it would have with or without the f/s..."
I have found over these long years fighting the market that when a company does a 2,3,or 4 for one split, that it usually goes down a bit or basically stays the same AFTER THE SPLIT.
If you look at Coca Cola (KO), a stock I had for about fifteen years, it had two 2x1 splits. I started out with 250 shares, and I ended up with 1,000. However, for almost six years, the stock sat in the mid 40's and went nowhere. Then, all of a sudden, around the seventh year, it took off from the mid 40's to where it is today, in the low 80's. Now, they declared another 2x1 split.
This is how money is made. You buy a company which you feel as a potential product, and you hold on through thick and thin. With KBLB
Mojo,
In simplistic terms, anytime a shareholder RECEIVES any free shares through a split, it is always a dividend. Of course, this is IMHO, however, many companies call it that, and I cannot see why we cannot consider as just that.
In order to buy the free shares issued to me as a shareholder, I would need to use plenty of my own money. When the company provides me with free shares, it is a dividend.
"Dividends are given as cash, but they can also take the form of shares" as it says when I Googled "what is a dividend." Therefore, free shares are exactly that, a dividend.
Mojo,
Any split which reduces the number of shares I have is not a dividend. To me, it is a sign of failure on the part of the leadership of any company. This is exactly what happened to VelaTel Global Communications (VELAD). I had 950,000 shares. With the split, I ended up with only 9,500 shares. I came away with peanuts.
100,000 shares @ .40 to me is NOT the same as 1 million @ .04. If KBLB reach $1.00, you have $100,000.00 with the former. If KBLB reaches $1.00 with latter, you end up with one million dollars.
Therefore, anytime a company takes away EVEN ONE SHARE of my stock, it is NOT a dividend. I just hope this does not happen with KBLB. If it does, then our returns will be a fraction of what we are all hoping for....
If a company does a 2,3, or 4 for 1 split, then I consider that as a dividend, since I end up with many more shares.
I had GE for 20 years. They did a 3 for 1 split once, so I tripled the number of shares I had. That made me feel great, and I considered it to be a dividend. When the stock went back up, I made alot of money. This is what separates a great company from a mediocre company. Do not punish shareholders by taking shares away. Help them by providing more shares. That, in turn, is a dividend.
Very well-stated Romans....I concur.....
Redskin,
I always enjoy reading your posts. This one is excellent, since I feel exactly the same way you do. You worded it perfectly.
By the way, I like your closing line "git 'er done an let 'er run."
We have been beaten up pretty well lately, and we certainly could use some good news. I THINK IT IS COMING THIS WEEK.
Git 'er done an let 'er run...." Love it!!! Thanks....
Mojo,
You have way too much time on your hands. You state, "Kim can call his forward split a dividend, but that is highly misleading and IMO ethically and morally wrong... "
The way you say "his forward split," you give the impression that Kim declared a forward split. Has he? If he hasn't you are making misleading statements.
Trains,
Great post...I agree with you....
Rayo,
VelaTel is a global telecommunication company (a penny stock) which focuses on bringing 4g service to under-developed areas of the world.
I know all about this, since I just lost a boatload of money in the stock. Vela diluted the shares so badly that they had to do a 900:1 reverse split. My initial investment and shares are now worth peanuts.
Could this happen with KBLB? We will have to see.....
Downside,
"How many of his errors do you want me to tackle at once ?"
I want you to tackle all the errors you think he has made (IN YOUR MIND ANYWAYS), and I want you to explain them one by one.
I doubt you can, so LOL back at ya....
Thanks.....
Es1,
You and Ben both mention something about a forward split. Could you please clarify exactly what you said to him regarding this.
Ben states,
"but I think you’re off on the forward split, which I understand was necessary for the Company to be eligible and compliant, regulationwise, for the financing."
By this, does Ben mean that a forward split is off the table? Frankly, I am not a hundred percent sure what a forward split is. Please clarify.
Downside,
Would you please answer Mike's post #46765 so we can try to understand what YOU apparently do not understand.
Mojo,
Quote: "My point is not to have you shut up or even agree with me..."
That is so very noble of you Mojo.....
Great post, Mike.......
Wonderful post, Mike.....
Manshoon,
I hope you are right here.....good post....