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Sazsquatch,
I can tell that you too are a young "trader." You said,"While I am not giving up on KBLB yet, I am looking at another very interesting company." You seem to be close to giving up on KBLB. The key word in your statement is "yet." Now you are looking at ANOTHER company.
I have said this countless times here that "patience" is the key word. When you jump from one penny stock to another and then another, you end up making no money. KBLB is NOT your average penny stock, and now that KBLB is so close, I would never consider throwing in the towel.
Patience is the hardest virtue to control. I admit that at times, I too have been unpatient with stocks. Then, I moved onto something else only to be kicking myself hard in the butt for making that mistake. My butt has had many hard kicks over the years, so try to strenghten your experience with patience, hand forget about Cannibus, OR invest in that too, but do not leave KBLB. HOLD ON....
Pedromon,
IMHO, we are stuck in a trading range between .058-.060 or higher until Kim announces a deal(s) sometime this year.
Hi Manshoon,
I am not sure if you remember, but late last year in November (it may have been October), S & P downgraded America for the first time in its history.
This caused other countries like China to raise their interest rate on money we must borrow. Even Europe is worried about America. Even Hillary Clinton just ripped on our fearless leader (Barack) several days ago saying that she does not think he has the resolve to "get our economic house in order."
Hillary has been travelling around the world trying to reassure other countries about America's resolve to get itself out of this debt. 17 trillion dollars is truly a worry. Everyone is worried about America economically, since they fear we are going down the same path as Europe.
Should a run begin on banks or should several major banks go under, the federal government with its 17 trillion dollars in debt, does not have enough money to cover the withdrawls. Even though CD's are FDIC insured up to $100,000.00 per individual and $250,000.00 jointly, there is no guarantee the government can cover a major banking disaster or a major run on banks.
Therefore, there is really nowhere SAFE to put your money, although CD's are safer, if you call it that. Whoever thought Washington Mutual, Citigroup, AIG, GS, Enron, and even Bank of America would go under? Safety is only defined according to one's own temperment.
EXCELLENT POINTS MIKE....
I want you to find one post or one place where I said investing in KBLB is safe. Any idiot who the least bit of experience with stocks knows it is not a safe investment. As I said, IMO, not even CD"s are safe.
Yes, I have said to buy and hold KBLB but that has zero (nothing) to do with its safety. They are two separate issues.
I never said penny stocks weren't risky. Each one of them is a crapshot, but I just feel good (IMO) about KBLB's chances, and this is why I am here, for the long term.
I thoroughly understand your four points about penny stocks. I am sixty years old now, and I have been investing in stocks and penny stocks for forty years, so you do not have explain anything to me. You were probably not even born when I was trading!
Quote: "No matter what I say, this is a risky investment." AGAIN, I know this is a risky investment, so whatever I say will not change this. This is all too obvious. I choose to be here, RISK AND ALL. If you or CHOKEM cannot accept the risk, then you should look elsewhere.
I am patient enough to give Kim the patience and credit he DESERVES. As I said before, we will all know soon enough. Then, and only then, can we formulate the exact and factual opinion of him and his company.
Manshoon,
Who said I was comparing CD's to penny stocks??? All I said was that even CD's are risky today. Remember, we are 17 trillion dollars in debt. Even the U.S. government isn't safe anymore, so why would anyone consider a penny stock to be safe when even a CD is risky?
Please take your time when reading people's blogs so that you do not react too quickly, as you do sometimes.
Chokem,
Quote: "I just want to know my money is safe with this company."
Are you kidding me? You do not even know if your money is safe investing in GE for that matter. Your money isn't safe anywhere, except in a CD, and even that is shaky today.
You are over-analyzing everything, especially the lab. You will learn everything in good time, so quit thinking so much about ghosts and spirts that are not there.
We will all know what matters sometime this year, a commercialization deal(s). No one knows when, but we will know soon enough. The size of the lab, its shape, location, color of the walls, number of bathrooms etc.. are not important. We do not know these things for a reason, and Kim knows what that reason is.
Therefore, be patient, and give him the time he needs. All of your questions and concerns will be answered soon enough.
Ocho,
Excellent points....
Romans,
Well-said.....
Carry,
I am not sure how you know KBLB "is not going any where no time soon!" It would be great to read why you feel this way.
I am a rather pessimistic person myself, and EVEN I feel FAIRLY certain that KBLB will sign a deal sometime this year. Many feel it will come sooner than I do, however, I believe it will be later this year. Therefore, I think your analysis that the stock is going nowhere soon is wrong (IMHO).
I feel it will come much sooner than even you think...
Dado,
The photo attached to your posts comes from which part of the world? Where is this? It looks like a beautiful place....
What do think that means???
Ocho,
Man, I pray you are right...Hopefully, something IS going on, and we will all feel it very soon...
GLTA (and me!)
Hi Mike,
Thanks for doing such a great job of explaining the preferred shares. Now I understand exactly what is going on....
King,
I tend to set my expectations very very low. By doing this, I avoid being disappointed, as I have been many many times over the forty years I have been investing.
As I am turning sixty (hard to believe) in a few months, I have learned to be patient and not expect anything big, unless I see it with my own eyes.
Therefore, I am not expecting any news (if any) from KBLB on any deal signings until the latter part of this year (perhaps November).
Again, by keeping my hopes in check, I avoid any major disappointments. Of course, every now and then, I tend to believe KBLB could jump to $1.00 on any news. However, these hopes come from my greed and my occassional lack of patience. It is hard to be a disciplined investor and to adhere to reality.
GLTA (INCLUDING ME)
Dadofduck,
I feel the same way. I own a ton of shares, and my cost basis is .09354, so I too would love to see a 50% rise.
Of course, who knows, the signing of a deal or two might spike the PPS to over $1.00 IMO. We will just have to wait and see, but waiting (patience) is the hardest thing when it comes to investing in penny stocks.
Go Kim....
Whiteface88,
You do realize that a 50% gain from current levels only takes us to .0975?
Dadofduck,
It is great to dream...I will believe it when I see it....
Manshoon,
I did respond to your post regarding my comments to Peach, but the Gods of the Ihub Board deleted my post. Therefore, I cannot repond to your comments....
Peach,
What does June have anything to do with where we are? When you deal with a developmental stock (like KBLB), you have to be patient. Good news will come, but you and others need PATIENCE!
This is a complex business, and this company has come a long long way in a short time. Now that we are nearing actual "earnings," this is not the time to throw your hands up in the air and want immediate gratification.
If you want that, then you are in the wrong stock. If you truly understand the potential this company has, then you should be happy, buy more, and hold on for the ride. It will certainly get more and more exciting as the year wears on.
Hi Romans..
I totlly agree with your guess of two months OR SO. I wanted to tell you that I emailed Ben about six weeks ago, and he told me that there is no reason why commercialization could not begin this year.
Therefore, I agree with you that two years is an unrealistic forecast and that something is coming sooner than later....
Hi Romans828,
You are so right. I have been reading article after article about spider silk for over a year now. I have also listened to TED and all of the wedsites Red posted regarding spider silk. There is NEVER any mention of KBLB anywhere.
It is hard to believe. I cannot figure out why either. Hopefully, if Kim can sign some commercialization deal(s) this year, all of this will change. Until then, we seem to be incognito!!!
Peach,
I certainly cannot disagree with what you say here. KBLB has received plenty of praises, but the share price has gone down. The PPS should be much much higher. I asked Ben about this.
His reply to me was that Wall Street will eventually catch up with the great news formulating in this company's future.
We have no partners or revenue because we are still "developing." This takes time, so we must be patient. Rome was not built in one day, so we need to give Kim the time he needs to complete his Herculean task of signing deals.
Since he is one man show, he must be busier than a woodpecker in a petrified forest!
Hi Mike,
You did an excellent job of explaining where kblb currently is. Your analogies were right on target. Of course, the anticipation of "possible" success causes some trepidation on my part.
We will have to wait and see. That's what life's all about...
Oil,
I agree with you about being nervous. The anticipation of a deal is making me anxious also.
Once the news comes, it will be a big relief since we will finally know that the company is on its way....
Hi Mike,
I agree with you 100%. The fact that Randy Lewis keeps discussing spider silk can only be beneficial.
Here is another fascinating article I just found about KBLB:
http://www.wikinvest.com/stock/kraig_biocraft_laboratories_(kblb)
The world-wide market for spider silk is 90 billion dollars! If kblb even gets a fraction of that in sales, the company should be well on its way to great success.
That would be really cool for the media to call Kim Spider Man.
In fact, there is a new Spider Man movie coming out soon, so spider silk will be big news at the movies.
Also, there have been many articles out recently about the importance of spider silk and its uses.
Hi Mike,
I am not sure what to make of the sale of 63 plus million shares of KBLB by Calm Seas. Common sense would tell me that this will put negative pressure on the share price.
The sale was done for one of two reasons, first to recoupe the money lent to KBLB in the past. Second, to sell for an underlying reason we do not know. The latter worries me.
Of course, this could just be normal busines. I just wanted to know what your thoughts are about this trasaction.
Bull,
Quote:
"I thought monstersilk was to be a household name by BEGINNING second quarter 2012."
You are expecting too much. I have been in the market close to 40 years now, and one thing I have learned is never to expect too much too soon. I was setting myself up for disappointment, and I was disappointed several times.
I have now taught myself to expect less and then should something positive occur, I would be pleasantly surprised rather than the other way around.
With a developmental stage company like KBLB, one cannot and should not "expect" exact timelines. As I have said before, science (as well as everything in life) is unpredictable, and with investing, PATIENCE IS A VIRTUE. Therefore, be patient and enjoy the ride!
Hi Mike,
I think your interpretation of Kim's statement is absolutely correct. It is exciting, since I think we are getting ever so close to a deal(s). The time for celebrating is drawing near!
I wanted to ask you what do you think the advantages are of having commercialization "partners?"
Bull,
All we have is jars of cocoons? You have to be patient. Kim is methotically taking his time to make sure he is able to meet the demands of any deals he signs.
Es1 correctely stated that many small companies who sign deals with Target and Walmart go bankrupt because they cannot keep up with production demands.
For Kim, this takes time. Therefore, before signing deals, he has to make sure he is able to meet the demand.
Would you rather that he sign deals and goes bankrupt, unable to keep up with the demand? Once he gets the lab set up, is able to be certain about demand requirements, then and only then, will he begin signing contracts.
He will be very careful to sign the right deals also, as he said. He said we only have one chance, so we want to make sure we do it correctly.
So, you must be more positive, and BE PATIENT! All good things come to those who have patience and are willing to wait.
Now this is one of the most lucid, succinct statements I have ever read on this board. You are exactly correct, spongeni...
Well done...
Es1,
You did a great job explaining yourself in this blog. Nice work...
mojo,
Frankly, I think Kim has brought this company a long way in a short amount of time. (My opinion)
When the time comes, there will be something in between frugal and wreckless. He will have to hire staff to begin production, so there will be some dilution THEN. Until then, however, frugal always vests wreckless.
Also, you will NEVER have it all in life no matter what you do or how long you live. Expecting "all" when you invest in ANY STOCK is asking for failure.
As far as buying KBLB and putting away for five years, I would hope that any idiot would check the progess of any company in which anyone is invested. Over a five year (or longer) span, I will check on KBLB'S progress constantly. Should my opinion of the company change, then I will surely sell it.
Therefore, holding long term does NOT mean never looking at an ivestment. Long term investing always wins over short term trading, as long as you monitor any investments in any stocks! Therefore, my opinion to anyone about holding long term is not bad advice as you say. It is the best, PROVIDING YOU MONITOR IT CONSTANTLY.
I am friends with a handfull of people who have millions of dollars. Every one of then told me they made money buying big and holding long and watching any investments like a hawk. That is exactly how I made my money.
Carry,
The PPS of kblb will run up when Kim signs a deal or deals to begin production. Once those deals are agreed upon and signed, production will start, and the share price will move up.
Then, once kblb shows positive earnings, the price will really go up.
Right now, we are in a holding pattern with the stock until the day Kim announces any deal(s). That will be the next catalyst to move the share price higher.
In the meantime, accumulate as many shares as you can, and hold them for five years minimum. You will be glad you did.
Remember, real wealth is created by purchasing stocks and holding them. Trading them can create losses due to panic selling. Traders make small gains, peanuts next to buying big and holding long . The wealthiest people in America who made money in the stock market did so holding stocks long term.
Mojo,
This is one of your better blogs. It actually makes sense without being as negative as you usually are.
I liked your discussion of the iphone and aapl. I recently emailed Ben about kblb's progress, and he felt Kim is doing a fine job since he has brought the company a long way in a relatively short amount of time. He also said that kblb is now where aapl was when Steve Jobs first took over the company. The stock was so cheap then selling for just $5.00 a share. The comparison is telling. Those who bought aapl at those prices are now very very wealthy.
Therefore, as I have been saying to everyone on this board all along, THIS WILL TAKE TIME TO PLAY OUT. Buy as many shares as you can as quickly as you can, and hold onto them.
Long term is a relatively unknown phrase these days, since traders want to become rich in two months. Buy kblb, and put the shares away for at least five years, and you will be a happy camper.
Elichen,
You did a wonderful, thorough job of explaining why KBLB is such a valuable inventment and a great LONG TERM HOLD. At these prices, one should load up and accumulate as many shares as possible, put them away for five or six years, and then see how happy they will be.
Yes, it will all take time, so sit back, relax, buy and hold, and watch the fireworks whenever they begin.
Spongeni,
Any purchase price of KBLB shares below .10 is a wonderful bargin, a steal.
Keep accumulating, and then put the shares away. Long term holders are the people who have made real money in the Stock Market NOT short term traders.
HOLD KBLB SHARES LONG TERM......and you will thank me some day.
Es1,
Since I have seen it all in the penny stock world, at times, I tend to think of every possible scenario. Here is one that comes to mind when it comes to the textile world.
Is it possible that shirt makers would not want their shirts made of a product (monster silk) which would not wear out as quickly? With MS, shirts just would not wear out as fast, therefore, consumers would not need to buy as many, thus causing the shirt/clothing makers to sell fewer products.
As you can see, I look at the realty of every situation. Of course, this scenario may apply to ropes, parachutes, and any consumable product for that matter.
Es1,
When you are trying to buy and sell as fast as you do, you are taking a risk, as you know. What if you sell @ .08, and news comes out over-night about a commercialization deal? You will never get back in below .15 next day let along .08.
Over thirty-five years in the market has taught me many things, most important of which is the fact that long term holders are the folks who REALLY make money. Traders only make PEANUTS.
If you want to become wealthy, accumulate as many shares of KBLB as you can now, and forget about them. Go about your life and pretend that they do not even exist. Five years from now, you will be wealthy. The peanuts you make trading now will be long gone by then.