If we had some eggs, we could have eggs and ham. If we had some ham.
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Being in VN is no excuse. This is Kim being Kim. He’s still completely clueless as to how to handle shareholder communication. This is about the only thing everyone here agrees with.
This dead horse hardly needs to be beat again, but HOLY **** KIM! PULL YOUR HEAD OUT!!
“The way I see it with the newsletter is that the company is very busy working on other things. Kim and Jon are "probably" waiting on someone or something, perhaps news regarding a second location. Who knows. “
“Who knows?” Is exactly right. Certainly not us.
I’ve no doubt they’re busy with other things. My personal opinion is that he knows he owes us the shoot pack pictures and doesn’t want to put out a newsletter without the pics being in it. He hopes that he can deliver on the promise very soon, so he withholds the newsletter til then.
I could be wrong. It certainly would not be uncharacteristic of Kim to publish the newsletter and remain silent about an unfulfilled forward looking statement.
I know this much for certain- the bulls aren’t as excited today as yesterday and the bears have just cause to start making noise.
“the only part I don't see as necessary, is the research facility...I don't see why we need one in Vietnam...I think it was a Vietnamese requirement..they want the secret sauce and how its made.. “
My theory is that he skirted the foreign approval process by making it a “hybrid”. I remember a couple years ago we surprised at Kim using that word.
I think the “hybrid” aspect got it around the onerous foreign country factor. At least that’s what I’d hoped. Although, if that were a way around the process, they wouldn’t have said the dossier was short 2 documents which both pertained US govt approvals.
Bottom line is... we just don’t know. There is no place to view the legal framework. Kim doesn’t tell the whole story. We are forever trying to piece together one puzzle out of several different boxes.
It was sickzone (not webslinger) who pointed this out. So maybe Kim managed to produce the missing documents to get the ERC. No matter what, this article, together with the find Truth posted yesterday, confirms that the process being followed is closer to what is spelled out in the VN circular and NOT the quick production assumption that was the prevailing opinion of this message board. (The following article was allegedly a bad translation according to Ben. )
Re: sickzone Post# 130943
I found where you got your information. I guess the dossier WAS missing those two things...
A representative from the Ministry of Agriculture and Rural Development (MARD) has received a dossier from Kraig Biocraft Laboratories, Inc. (USA) for the project to import and produce genetically modified silkworms (spider silkworms). After considering the dossier, the Ministry of Agriculture and Rural Development found that the dossier was missing: (1) The biosafety certificate granted for the gene transfer event to the silkworm variety meeting the requirements in Article 22, Article 23 Decree 69/2010 / ND-CP dated 21 June 2010 of the Government on management of biological safety of genetically modified organisms. (2) License for use of genetically modified (AI) silkworms in US Department of Agriculture (USDA) mass production.
Scientists have expressed deep concern about the fact that in the United States people do not eat silkworms, but in Vietnam silkworm feeding is very common, the study of the effect of silkworms genetically modified to health Human beings need to study carefully and ob
After thorough discussion of the relevant aspects, Vice Minister Vu Van Tam concluded the record of Kraig Biocraft Laboratories, Inc. The implementation of the Genetics Import and Genetics Project is not enough to allow the Ministry of Agriculture and Rural Development.
Represented by Kraig Biocraft Laboratories, Inc. expressed his wish to establish a silkworm marsh research facility in Quang Nam to continue testing the adaptability of spider silkworm breeding and crossbreeding with native silkworm breeds in Vietnam. The effect of genetically modified silkworms on the health of consumers.
http://vietseri.vn/Chi-tiet-tin/Tin-tuc/11752/trien-khai-du-an-nhap-va-nuoi-tam-bien-doi-gen
The translation BS was brought up in October when webslinger pointed out that Kim didn’t show up with all documents necessary. Ben claimed the article was a bad translation then.
Based on that, the process seems to go: foreign country field trials and bio safety assessment> make the list of most wanted biotech> importation> hybrid development> field trials > bio safety certification in VN> production.
...or something along those lines.
I posted this in September 2016. This is the process I was expecting Kim to go through to get the ERC. He got it, so I assumed there must have been some kind of exception made. In light of what you found in VN article, might be time to take another look at what VN law says about foreign biotechnology...
Re: Cleantade Post# 112542
Here's another reason why I think VN production is years away- According to VN law, if a biotechnology was developed in a country other than VN, it isn't even eligible to be registered for use in VN unless another country has recognized it is as "effective".
Now, if it's developed IN VN, we've got a shot. This may also explain the language Kim used when talking about hybrids etc. He might not be able to do ANYTHING at all there unless it's "invented" in VN. Which I assume means that he's getting around it by creating a new strain there.
My source on this is the 2015 U.S. Dept. of Agriculture GAIN report on Biotechnology in Vietnam. I've posted links to it before when explaining why I think we are years away but it never sparked much discussion.
Read that report on what it takes for biotech in VN and you won't think VN production is around the corner.
"*MARD’s Circular 23/2010/TT-BNNPTNT on Recognition of Biotechnological Advances in
Agriculture and Rural Development. On April 7, 2010 MARD issued Circular 23/2010/TTBNNTPN
regarding the Recognition of biotechnological advances of agriculture and rural development
sector. The Circular regulates the order, procedures on registration, and the recognition of
biotechnological advances in the field of agriculture, forestry, and fishery that are under MARD’s
management.
Article 4 of the Circular regulates the criteria required for a biotechnological advance eligible for the
registration. Accordingly, biotechnological advances that are developed in Vietnam or overseas can be
registered for recognition. The biotechnological advances developed in foreign countries shall be only
eligible for registration if it was already recognized as effective for use in foreign countries and is on the
list of high technology and products of high technology encouraged for investment and use in Vietnam.
Article 5 of the Circular regulates the order and procedure on registration for the recognition of a
biotechnological advance developed in Vietnam or a foreign country.
The dossier registering for the recognition of a biotechnological advance developed in a foreign country,
includes: 1) Application for recognition of a biotechnological advance developed in a foreign country
(Appendix 1); 2) Report on research results and production trials of the registering organization
(Appendix 2); 3) Document on the recognition or similar document issued by the original country; and
4) Results of field trials, crop variety testing, animal species, pesticides, fertilizer, soil enhancing
6
product, animal feed, veterinary product, vaccine, products used in preservation, processing of agroforestry,
fishery products, and environment treatment of registering organization. For registration to
recognize GM plants, GM animals, and GM micro-organisms, in addition to the above mentioned
documents, the registering dossier must include a copy of the biosafety certificate issued by a relevant
Vietnamese agency."
To our knowledge, we still don't have this biosafety certificate. Unless I missed that part.
USDA GAIN Report on Biotechnology in Vietnam
KBLB is trying to help save lives of our servicemen. No better Friday for an update on the army than this one.
Never mind. Was fooled by google. Did search for last 24 hours and it came up. It's an old article from 2016
Interesting. Don’t expect that from Apple. And it’s definitely Laurel
Yup, I had it at 300 billion a metric ton. Lol
I believe it. And I’ve no doubt that that relationship is what brought KBLB to the dance in the first place!!
You never know... Jenny Houston at Warwick Mills hobnobs with people with some clout in government. Jeanne Shaheen for one. She’s on SASC.
What we learned new in today’s PR is that we are finally “gearing up”.- the “ramping up” phase is over! (Thank God!!)
Pretty sure it goes - “might” > “fixin’ to” > “ramping up” >”giddy up”*(see below) > “gearing up” > “hit the ground running” > “running”.
As you can see in today’s informative PR, the transition from “gearing up” to “hit the ground running” will be so quick as to seem simultaneous.
There. Now don’t you feel bad thinking this was a rehash?
* “giddy up” is only considered a step if an outside force has said “hold your horses”. (MARD)
“In the grand scheme of things, business is business. “
I agree. If there were still much bitterness about the war to the point where it’s a major achievement for an American company to do business there, Monsanto is literally the LAST American company they would let in to help improve the ag sector.
55 Years After Agent Orange Was Used In Vietnam, One Of Its Creators Is Thriving Here:
https://m.huffpost.com/us/entry/us_57a9e002e4b0b770b1a445ba
I think the 3 to 5 billion market estimate is rather conservative. I think technical textiles alone are over 100 billion annually.
Is your 5 billion number just referring to the raw silk market? Just curious.
Good find. Thanks for posting.
https://www.marketwatch.com/story/kraig-labs-widens-its-moat-2018-05-07
It’s one word. But nice try.
https://en.wikipedia.org/wiki/Autocorrection
“FYI Grammer Nazis don't bug me. “
While you’re at it, get your autocorrect squared away on the proper spelling of “grammar” as well.
Priceless
“...steadily climbed with a nice but not ridiculous increase in volume is encouraging. When the volume goes up by a factor of 10x, 20x or 30x, it tends to attract the flippers and traders out to make a quick buck”
That’s all true. When there’s a temporary spike that’s what you get. KBLB needs the average daily volume to be 10,20,30 times what it is now.
When there’s price movement on a stock like this you can’t count on it for much. One shareholder suddenly needing cash for an emergency could send this thing down 10-20% with ease. Let’s face it, upward movement is nice but there hasn’t been any real money traded on this stock in a very long time.
No one calling it a slam dunk. I’ve got the odds at 50/50.
Yup, all those things you mention are factors. My biggest fear is China. Very sizable portion of their GDP is stolen or copied.
Yeah. Lots to prove before money like that changes hands. But I definitely see sales in billions being realistic eventually. Who wants to miss out on the sexiest thing ever in textiles. Every clothing manufacturer would want in on the latest craze since nylon. Not to mention the fact that the price point is going to be only a little higher than “mundane” silk. Who wants mundane when you can have spidey silk.
That’s only 8 billion.
China produced 9 billion in silk just last year. DuPont sold 4 billion in Kevlar.
Run those numbers in your head and factor in all the customers who don’t buy silk or Kevlar right now.
The buyer will be buying based on forecasted sales, not on kblb valuation. Not hard for the imagination to run wild here.
I’d be thrilled to walk with my 10 bagger at .48 cents but if $8 happened, I would not be shocked.
Impossible to say. The cash flow analysis of the forecasted free cash flow is staggering. Look at Kim’s PR regarding all the ways spider silk could be used in the market. He’s obviously hinting to someone that the cash flow will be unprecedented for textiles.
Will it do as well as nylon or Kevlar? Better than both?
Take your guess and subtract what the competition will sell (if any competition at the time), expenses, and the cost of any unknown hurdles you have left and you have a good guess.
The more Kim needs the buyer, the lower the price. Getting infrastructure as far along as Kim has done means more money for us.
All depends on how much is left to do after the buyout.
Nothing more than a hunch but if Kim were willing to settle for less than top dollar, he’d have sold after MARD slammed the door in his face.
Think of the dollar amounts that VCs are throwing at Bolt on a maybe. That amount far exceeds the measly 10mil that traded on KBLB.
Kim proves he can produce and deliver consistent silk and hundreds of millions will be headed his way overnight. There are probably a dozen or more regular posters here who will be multi-millionaires by the closing bell.
Of course, we could still lose every penny. That scenario seems less likely now than it did a few weeks ago. But I’ve thought we were close before.
Still not thinking much will happen for another 1-2 years. I can dream though.
To put this into perspective, KBLB’s largest volume day ever was less than 10 million dollars traded.
Now imagine the number of dollars that would trade in one day with an announcement of a multi million dollar contract with XYZ.
23 SEP 2010
Open .10
Close .15.
Vol 11.59 mil
24 SEP 2010
Open .16
Close .22
Vol 27.55 mil
27 SEP 2010
Open .24
High .26
Close .24
Vol 21.64 mil
29 SEP 2010
Open .19
Close .15
Vol 51.87 mil
So I’d better increase what I said earlier - volume may need to increase by 50x to get my one day 10 bagger.
I think the unsure sell off days for those who post here are over for a while. But the pathetically low volume tells me that no one much cares about the news outside this message board. The market isn’t just yawning at Kim, it’s not even listening.
The good part about that, is when an obscure stock DOES get noticed, those are the times when the faithful can get rewarded with a 10 bagger in a matter of hours.
My definition of pathetically low volume? If average daily trading volume is fewer shares than I own personally- THAT is pathetically low. That’s a stock that barely registers a pulse.
My cost basis is .048 and my short term plan is to sell 20% of my holdings on the next spike. If a sales contract were announced with a household name, I fully expect this to hit .15 cents or higher in a matter of hours. Going to take a 10-20 time spike in volume to deliver that and bust through some resistance.
When is that next spike? Sometime between now and 2020. In other words, no clue.
Just dreaming out loud. Back above my CB so I changed profile pic.
Will be very disappointed if the framework for animal biotechnology is still absent this December. I’ve been looking for updates to that report at least twice a month.
I’m expecting the update in December but it doesn’t always come out the same month. I don’t see anything happening as far as production goes without that framework in place. I was surprised the subsidiary was set up. I’m hoping the framework is in place and it just hasn’t made it into the report yet.
This is the USDA report to be more concerned with:
https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Agricultural%20Biotechnology%20Annual_Hanoi_Vietnam_12-15-2017.pdf
All valid questions, but there’s one that should be number 1 on the list:
Does VN still lack the legal framework for animal biotechnology?
This IS (and has been) THE issue as far as we know. Obviously there may be others but this is the only stated obstacle that we heard straight from the horse’s mouth. Is there a way around it? We can only speculate.
We see news that VN adopted the framework for animal biotechnology and I’ll get excited. Til then, my hopes lie with domestic production.
Wonder if Kim issued the #metoo/#alsoran statement on the 18th in lieu of the newsletter.
Come to think of it, that may be a good publicity stunt. Might make the news...
“PENNY STOCK TP’d BY SHAREHOLDERS!!!”
Thanks for checking the place out. Next time you go, stop by Costco on your way and grab a good supply of toilet paper and TP the place for us. Maybe Kim might get the message that the shareholders are a tad upset.
Doubt it, but you’d get some serious street cred on this board!!!
Great find. Articles like this would generate more buzz than any of Kim’s PRs in the last several quarters.
This is possibly good news. If we only knew what updating the “investment authorization documentation” was going to do to advance our cause- then we may be more excited about it.