If we had some eggs, we could have eggs and ham. If we had some ham.
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I didn’t make the argument. The FAS did. I’m saying it needs immediate refutation by the company...NOT by a group gnostics on a message board.
I hope you’re right about 30 days. Investors will be looking for bargains.
I’ll keep this as simple as possible...
Kraig Biocraft wants to produce genetically modified “animals” in Vietnam. Vietnamese government appeared to be all for it. Then one foggy Christmas Eve, Vietnam came to say “you can’t do it until we have legal framework”.
Still with me?
Ok... so several years go by, (and keep in mind that some people have money riding on this) there is still no commercial production. Kraig has certainly made progress that would give investors hope that there’s an end in sight to the red tape. Yet...The share price is pathetically low and the investors certainly can’t afford any more reason to give someone pause who may be considering investing. Still following?
The FAS, deemed by many to be a very credible witness, has published a report about the current state of agricultural biotechnology. It’s an annual thing.
So pay attention to this part! This is where you keep getting lost...This report was 18ish pages long. (That’s a lot!). 17 pages were about plants. There’s a WHOLE LOT GOING ON WITH PLANTS! WHOA!
But animals? No. Not really much is happening. DANG! Because that is precisely what KBLB NEEDS to have happen.
Now... it’s possible that the report is wrong. After all, you get tired of writing after 17 pages about plants.
You see? Still here? So...NOW WE GET TO IT...
Some people out there don’t take Kim at his word. (Jerks! ...I know right) Some may think that it’s STILL not time to invest in KBLB. And SPOILER ALERT*** the share price won’t go up without a bunch of people deciding they will believe Kim.
Soooooo, if Kim could publish something saying why the FAS report doesn’t apply to his company....then maybe new investors might help this thing get above .05.
So here’s what you should do now...
Say “ooooooh NOW I get it! Bad press=low share price! Yes. It would be nice if there weren’t credible witnesses out there publishing things that may prevent someone from investing”
There! NOW you understand. Kim should clarify for the less enlightened ones who might be waiting to pull the trigger.
“I am a little surprised about a few of the posters on here believing the inside information whispers that they hear. Especially after all previous inside info whispers have always turned out to be false. “
You wouldn’t be surprised by that if you knew what I knew. I wish I could tell you. just know that everything I post is for a reason. That’s all I can say. Maybe one day you’ll find the answer on your own.
You missed it. It’s 18 pages long. First 17 pages are about plants. I oughta know... it’s my report after all.
Never took you for one who quotes out of context.
The point is that it’s damning. True or not. It needs to be addressed.
It doesn’t matter if the report is accurate or not. It is a very damning report from a credible witness. Unless Kim is content with 5 cents, he needs to immediately address the shareholders.
Yeah. That was a joke. The newsletter (or lack thereof) is in my file folder I mentioned.
No idea. I’m just going to add this report to my file titled “why I will deserve to be laughed at for not knowing KBLB would fail”.
And? Who cares if it’s not official policy. That’s not the point. The point is that a credible witness has just published a report that would make new KBLB investors stop dead in their tracks.
This needs to be addressed by Kim. Maybe he will address it in the next newsletter.
That’s my plan. I love the volatility. Been having a heyday selling and buying back option premiums.
Not sure. I flip flop. Rates need to go up but not cause a recession. Think Powell’s use of “autopilot” caused the bloodletting.
Hoping he will clarify his position to calm the markets down.
Just a second lump of coal for your Christmas stocking. (In case the one Jerome Powell gave us wasn’t enough)
USDA annual report on agricultural biotechnology in VN was published yesterday. Kim has some explaining to do....
CHAPTER 2: ANIMAL BIOTECHNOLOGY
PART D: PRODUCTION AND TRADE
a) PRODUCT DEVELOPMENT
As of October 2018, the GVN and MARD do not have any plans to develop regulations for the management of research or approval of animal biotechnology applications.
b) COMMERCIALPRODUCTION
As there are no regulations in place to govern animal biotechnology, there is no commercial production in Vietnam.
c) EXPORT None.
d) IMPORT
None.
e) TRADE BARRIERS
None.
PART E: POLICY
a) REGULATORY FRAMEWORK
MARD notified the draft Animal Production Law as G/SPS/N/VNM/95 on March 12, 2018. This current draft proposes to ban the “illegal import, production, release and use of GE animals and products of GE animals.” This draft Law, currently under Vietnam’s National Assembly (as of October 18, 2018), only allows the cloning of animals for study purposes and assigns the GVN to detail provisions on a risk assessment for GE animals. FAS continues monitor and will update on the development of this Law.
a) INNOVATIVE BIOTECHNOLOGY None.
b) LABELING AND TRACEABILITY None.
c) INTERLLECTUAL PROPERTY RIGHTS None.
https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Agricultural%20Biotechnology%20Annual_Hanoi_Vietnam_10-22-2018.pdf
https://tinnhanhchungkhoan.vn/thuong-truong/det-may-duy-tri-suc-hut-von-ngoai-252342.html
Textile and garment maintain the attractiveness of foreign capital
Many corporations producing garments, fibers, sewing threads ... have chosen Vietnam as a destination for investment expansion in order to welcome the opportunity when the Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) of which Vietnam is a member, effective from 1/2019.
The embroidery factory only goes into early production
The project of Embroidery and Garment Factory of Amann Group (Germany) invested in Tam Thang Industrial Park (Quang Nam), is scheduled to be completed and put into operation in the month. 6/2019, but progress was pushed earlier than 2 months.
According to the Board of Directors of Amann Group, the early phase I into production will help businesses speed up the capital down to continue the second phase, bringing the total capacity of the plant up to 2,300 tons per year.
Amann is one of the top three corporations in manufacturing and distributing garment sewing products worldwide, supporting in the industries of automation, outdoor products, sportswear, bags, shoes ... from Amann's factories in Europe and Asia.
As part of its expansion strategy into emerging markets, Amann Group has chosen Vietnam as its investment destination, in addition to existing facilities in Asia.
Truong Van Cam, vice chairman of the Vietnam Textile and Apparel Association (Vitas), recently welcomed many foreign business delegations to explore investment opportunities. Mr. Huong said that the investment in this sector will be very active in 2019-2020.
As a chain reaction, as projects investing in the textile industry increase, equipment suppliers are also quick to grasp opportunities. Most recently, IllIES Vietnam, one of the largest distributors of spinning machines, has expanded its portfolio of spinning machines.
In the first quarter of 2019 Illies Vietnam will invest in a repair center for mechanical and electrical parts of the short fiber spinning system supplied by Rieter Group.
"As new generation FTAs such as EVFTA, CPTPP, which Vietnam participates in preparing for implementation, investment activities in the garment sector are likely to increase, equipment suppliers have more opportunities to sell Rieter is no exception ... ", said the representative of IllIES Vietnam.
Continue to receive foreign capital
According to Vitas statistics, FDI in the textile and garment industry by 2017 is 2,091 projects, with a total registered capital of $ 15.89 billion. In the first 6 months of 2018, textiles and garments attracted USD 2.8 billion of FDI, bringing the total amount of foreign investment into the industry to USD 18.69 billion.
As one of the major textile exporters in Asia, over the past decade, the total value of Vietnam's apparel exports has increased by 3.6 times from $ 7.78 billion in 2007 to $ 28.02 billion in 2016, $ 31 billion in 2017, accounting for 16% of total export turnover of Vietnam.
At the moment, the textile and garment industry is completing $ 35 billion worth of exports in 2018. By the end of 11 months, exports have exceeded $ 31 billion, equal to 2017. Contributing to this export figure, up to 60% of FDI enterprises.
Kraig Biocraft Lab Laboratory Inc., a US spider silk fabric manufacturer, has begun work on a partnership agreement signed between the company and several co-ops. agricultural commune in Quang Nam province to develop high-tech silk production and technology in Vietnam.
Kraig Labs will set up a subsidiary in Vietnam and open a silk research center and produce this product. It is expected that 2,500 hectares of mulberry will be planted near the company's new plant, supporting the production of Prodigy spider silk in the next few years.
Kraig Biocraft's decision to choose Vietnam to commercialize its spider silk technology is a key part of Kraig Biocraft's growth strategy. If the deployment process is favorable, Kraig Biocraft will maintain its expansion plans for many years to come.
That’s exactly right. The market is solidly in the corner with the bears on this board. The bulls think Kim is spinning yarn. The bears overwhelmingly think Kim is spinning a yarn.
The list you posted of Kim’s statements gives us hope that things may be coming together. (And is why we are still here). Unfortunately there’s an even longer list of Kim’s statements that could be used to indict him as a man who doesn’t let facts get in the way of a good story.
Is this the final approval for VN? Again? Or just the final approval before that next step... the one where we will REALLY be about to begin to prepare to ramp up to get the final approval to maybe hit the ground running to prepare to ship the eggs after being allowed to import, get final approval for the quarantine, get final approval to begin hybridization program, get final approval for production and THEN await the legal framework for animal biotechnology.
Enthusiasm is curbed. I’ll go back to my not-so-confident hope that the bulls are right. If so? Many of us will likely be obscenely wealthy.
Time stamp for when it was sent was 06:06 central. Didn’t arrive in my inbox til about 11.
FWIW, here’s the data on the photo. Was taken August 9th. No geotag. They got wise to that:
2018:08:09 10:31:43
Canon PowerShot ELPH 180
Focal Length:
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ExposureTime: 0.0025
FNumber: 3.2
FileSource: Digital Camera
Flash: Off, Did not fire
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FocalPlaneResolutionUnit: Inches
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ShutterSpeedValue: 8.65625
SubsecTime: 30
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WhiteBalance: Auto
Caption/Abstract:
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Now you’ve done it... here comes the strawberry speech.
May be time to take a break for today. I believe we are one post away from hearing Captain Queeg’s strawberry speech.
“im sure kim's credibility is shot..but is it completely DEAD?”
Yes. That’s obvious. Too much good news has been met with a shoulder shrug to believe otherwise.
“if kim ever announces a big deal, he better have someone from the other company present to confirm because his word alone probably wouldn't generate a half penny move...lol “
Last decent surge was after prodigy announcement. (More than decent actually.) Even then, the volume surge wasn’t spectacular. It was nothing to sneeze at, but not the volume we know the holy grail will generate once the broader market believes in Kim. Maybe brought on a few newbies, but they came and went. I think most of the new volume came from those of us on the board who were adding to our positions. Before that, it took the Army’s credibility to make it move.
Anthony Weiner and Charlie Sheen may be the only two I can think of who are worse communicators than Kim. Not entirely Kim’s fault- a portion of the blame lies in the fact that it’s a penny stock. What percentage lies with Kim alone is anyone’s guess.
Even if Kim were a great communicator, it would still take a credible witness to make this fly. Although the launch pad would be much higher.
Don’t know what you mean. It was fixed in 2014. I’m confused. Did they have the problem again after they fixed it? I hope not. Otherwise, investors may doubt the “fix”(Fools).
Please write a really, REALLY long winded response explaining how I’ve got this wrong. (Suggestion... make it a circular argument. Start by conceding the point...then explain how I’m wrong and you’re right. Use lots of big words out of context. And don’t forget to use your thesaurus!!! The toadies always fall for that!!)
THE PROBLEM:
Genetic variability
THE FIX:
“One of the biggest issues we have faced, as we focus on moving our materials to market, is natural variability between individual fiber filaments. This new protocol and procedure is a significant breakthrough that will allow us to improve quality, while reducing variability. Overcoming this major hurdle has a direct impact in the laboratory and the commercial ramp up program,” said Company founder and CEO, Kim K. Thompson. “I want to thank the scientists who have implemented and are perfecting this protocol, which we believe will have a real impact on our commercialization program.” Thompson concluded.
https://www.kraiglabs.com/kraig-biocraft-laboratories-implements-innovative-protocol-for-advanced-fiber-quality-control/
"Supposedly they have no credibility anyway"
“aint no supposing about it...suppose they try to fix that?.. “
You’re exactly right. When you’re at .06 in spite of having an army contract and stand on the verge of production... it’s because the market doesn’t believe you.
I think they’re going to pull it off in the end, but to sit here and watch how incompetently Kim handles the public image is infuriating. He’s got our money and has no regard for his public image. And even more infuriating... he actually had the nerve to scold shareholders a few months ago.... oh... all while claiming that it’s a huge mystery why the share price is still in the toilet.
All of this should be as apparent to every shareholder as it is to the broader market. Only those with the rosiest glasses and thickest knee pads can’t see that Kim’s image is in dire need of an extreme makeover.
Kim can’t control how long it takes to cut through government red tape, but he sure can control whether people think he’s a joke or not.
I can’t think of a good reason. I thought I had reason. But if you scroll up a few posts, you’ll see a short story on why they’re really not that important, AND (quite frankly) really none of your concern.
“I get it. I am invested here too”.
So we agree. Finally.
I disagree on the daily newsletter though. I just want the quarterly we were promised.
Lol. Good to see that there are others with a sense of humor on here.
No financing, no communication, no shoot packs, no pics of shoot packs, doubling, redoubling, genetic drift, two contracts by end of q4, metric tons by mid year, no problems, fixed problems, problems again, no news, broken promises, horrible forecasting, reeler was bad, pump piece.... absurd? All true.
Still here though. Something telling me it’s still a go. I know better. Yet I’m still here.
You could be right. How pathetic. If we go down with the ship, we will be the idiots of the century when we look back at all the warning signs we had.
I’ll be too embarrassed to admit I left my money on such an obvious house of cards.
Good to know. Thanks for the clarification!
Not sure what it means. Possibly DS acts a bit differently on the machinery than did MS. (Which is what Kim was referring to in the quote I posted)
Not a big deal. Was just hoping for clarification from Yankee. There are seemingly contradictory quotes regarding ease of weaving. Didn’t know if something had changed or not.
Either way, good news is that it’s getting done.
“...nothing ...happens as fast...”
Vs
“...will help speed up the development...”
Not a lie, but not the same meaning.
“I've been told that nothing in this area of cutting and assembly happens as fast as working with normal fabrics. “
Does that mean that this quote from Kim in June of 2014 ended up not being true?
“The fact that these advanced materials process well on existing machinery will help speed up the development of advanced spider silk textiles.”
Chances of getting 2nd qtr newsletter? 0% chance. Still waiting on 1st qtr to come out.
I believe you. Good timing. It’s just not how your typical fully reporting transparent public company would handle this. It’s long overdue to quit acting like Ralph & Potsie are running the show.
Thanks Truth. I appreciate you finding this out and posting this. I don’t doubt the source. but could kblb look like a bigger joke than giving their PR man permission to let some guy post a private correspondence on a message board in order to clear up the confusion caused by media reports?
It’s not like they’re two newsletters past due or anything.
Sorry to bother everyone at KBLB, but I’ve got a **** ton of money riding on you. Be nice to be respected by the company.
PS... note to Jon...take it from someone who regularly translates a foreign language- it’s much easier to translate correctly if the source uses proper grammar:
“...through translators whom are...” and “I’ve read several quotes attributed to myself...”
Oh brother. No wonder the translators are having trouble.
It IS a valid question. Any other company would have addressed this.
“Due to scheduling conflicts/illness/hurricane/Tux didn’t come back from cleaners/binge watching Netflix ... our CEO couldn’t be there for this very important milestone”.
You’d expect something like that. Of course, you’d expect a comment on the 50USD too. You’d expect him to publish a quarterly newsletter, comment on missed deadlines, inform shareholders of progress, produce pictures of shoot packs, attend the ITMAs....
Etc etc etc.
Still surprised he didn’t attend?
“I try and take people for their word”
I always forget that this board has a short memory and no sense of humor.
No. He wasn’t there. I was joking. He was a no-show two years straight at those awards when he was nominated.
Kim couldn’t go because he was at the ITMAs.
Kim should try to get some foreign language marketing done. I’m sure there are many investors wishing they could invest in Amsilk who may not know that KBLB exists.
“That’s what she said!”- Michael Scott
(Sorry. Couldn’t not say that)